An extended car warranty can be very useful and reassuring for car owners. It is a precautionary measure that saves you from spending too much money all at once when your car suddenly fails on you. Breakdowns occur in all vehicles sooner and later and few of us are prepared for them when they happen.
The bumper to bumper warranty offered by your manufacturer only covers you for 3 years in most cases, 4, 5 or 6, depending on the car brand you have. Jaguar, Infiniti, Tesla offer 4 years (50,000 or 60,000 miles). Hyundai, Kia, Mitsubishi offer 5 years (60,000 miles). Volkswagen remains the king of bumper to bumper warranties, offering 6 years coverage (72,000 miles).
Should you purchase an extended car warranty? What does it offer?
But after that original warranty expires, you better be prepared, because car repairs are costly. That’s where extended car warranties come in, to help you extend that factory warranty with up to 4, 5 or even more years, depending on the provider.
Extended car warranties are sold by the car dealer itself or you can purchase them from a third-party provider as well. In order to be able to use them, you usually have to wait for 30 days.
All extended car warranty providers have their requirements when it comes to selling you these warranties. Only cars that have a certain age and mileage will be accepted. The larger the accepted mileage, the more popular the service.
Common benefits offered by extended car warranties usually include:
- 24/7 road assistance
- Rental car reimbursement
- The option to transfer your warranty in case you want to sell your car
- Travel expenses reimbursement
- Accommodation reimbursement (money for a hotel room if your car breaks down while you are traveling)
- Flexible payment (the ability to pay in several installments)
If you are thinking about buying an extended car warranty, you should do so when your original manufacturer comes close to its expiring date. This way you are still covered in the waiting period (usually 30 days since you sign the contract) but your warranties won’t overlap for too long. It is useless to pay for an extended car warranty if your manufacturer’s warranty is still valid for a considerable period and it covers the same parts as your extended car warranty.
You should also be aware of the fact that the cheaper the policy, the more limited the coverage will be.
Protect My Car Extended Car Warranty – Is it a good option?
Protect My Car is an extended car warranty provider that offers extended car warranties to car owners who have a car less that is less than 10 years old and has less than 125,000 miles on it.
What are the plans offered by Protect My Car?
Protect My Car has three protection plans to choose from: Driveline, Select, Supreme.
Driveline offers protection for cars that are 4 to 10 years old and have up to 80,000 miles. This plan protects you for 5 years (125,000 miles).
- The engine
- Transfer case
- Drive axle
- Differential assembly
- Cooling system
- Air conditioning and heating systems
- Electrical system
- Timing chain
This plan is suitable for cars with more than 50,000 miles on them. This protection plan is for those who are almost eligible for the Supreme plan (the most premium one), but don’t meet quite all the requirements.
In addition to the parts/systems covered by the Driveline plan, this plan also covers:
- The front and rear suspension
- Select brake system components
This is the most complex and expensive protection plan offered by Protect My Car. This is the closest type of protection to the manufacturer’s warranty.
Supreme covers all the parts/systems covered in the other plans plus the turbo charger and the navigation system (optional).
All three protection plans charge a $100 deductible, which is the average amount.
They also offer 24/7 roadside assistance and rental car reimbursement, when your car is towed to a repair shop.
Another benefit included with all three plans is a 30-day money back guarantee. You get a full refund if you are not satisfied with their services.
Protect My Car also makes sure you can pay for the warranty in the most convenient way for you. This service offers flexible payment and you can choose between paying in 36 to 60 monthly installments.
The extended car warranty offered by Protect My Car is transferable, so in case you sell your car, you can transfer it to the new owner.
If you want to get an exact free quote from Protect My Car, you have to fill in the form on their website. You have to provide details about your vehicle year, its brand, model and some contact details about yourself: your full name, phone number, e-mail address and ZIP code.