Extended car warranties can be really useful for car owners who have vehicles that are not new anymore. The older your car, the bigger the chance of a breakdown, and in most cases, car problems take you by surprise. If you don’t want to be forced to come up with a lot of cash all of a sudden, an extended car warranty can be a good solution.
An extended car warranty will prove its worth after your original, factory warranty expires, which is usually after the first 3 years or 36,000 miles, whichever comes first.
Extended car warranties cover specific parts of your vehicle or even your entire car, for certain periods of time, depending on several factors: your car make, model, year and mileage and more. During the period specified in your contract, the extended car warranty provider will pay for all the repairs to your car (repairs to car parts that are covered by the warranty).
Here are some of the best extended car warranty services on the market right now:
Autopom! This company covers both the US and Canada and its service is popular because it includes a large number of plans to choose from. Autopom! covers cars that are up to 15 years old (200,000 miles), except in California, where they only cover vehicles up to 10 years (120,000 miles). The company has an A+ rating with the Better Business Bureau.
Autopom! offers 20 plans and they offer a 30-day money back guarantee with each plan.
There are no restrictions when it comes to the accepted repair shops, you can take your car to any repair shop in US or Canada. This company charges a $200 deductible and offers a dedicated representative to work with you for the entire contractual period. You also get 24/7 roadside assistance and rental vehicle assistance with all the plans.
The plans offered by Autopom! are divided into 4 levels: exclusionary (the most premium one and the most comprehensive of them all), high-level, mid-level and powertrain plus. The most expensive and comprehensive plans get really close to your factory warranty.
The only drawback of Autopom! is the fact that it doesn’t cover some high-end car brands such as Lamborghini, Bentley, Ferrari, Porsche.
Endurance is another reputable extended car warranty service to consider. The company covers the US and Canada and accepts cars that have up to 160,000 miles on them.
There are 3 plans to choose from with Endurance: Secure (the most basic one), Superior and Supreme.
Endurance also charges a $200 deductible and lets you take your car to any repair shop you want. They will also offer up to $35 per day for up to 5 days, for a rental car.
This company lets you pay for the warranty in 24 monthly installments.
Carchex. Carchex is one of the most popular providers when it comes to extended car warranties, mostly because it’s been on the market for over 20 years. It covers the entire United States, but it doesn’t cover Canada.
This company offers 5 plans and you can pay in 24 months installments, just like with Endurance.
There is a 30-day money back guarantee included and you have to pay a $200 deductible.
The 5 available plans are: Bronze, Silver, Gold, Platinum, Titanium. The Bronze plan is the most basic one and extends your vehicle’s warranty with 5 years. The most comprehensive plan is Titanium and it covers all the components of your vehicle for up to 7 years.
The service offers rental reimbursement for up to 5 days.