Bumper to bumper warranties are not enough for most car owners, because they only cover you for 3 to 6 years maximum, if you are lucky. Most car dealers offer bumper to bumper warranty for 36,000 miles when you buy a new vehicle. While this warranty is comprehensive and normally covers everything from one bumper to another, most car breakdowns occur as the vehicle ages, which usually happens after the first 3 years, when the bumper to bumper has already expired.
Vehicle service contracts are a good backup solution to continue protecting your car and your wallet, after the factory warranty expires. Vehicle service contracts, in short, VSC, are often mistaken for extended car warranties, although they are not technically warranties. They don’t insure your car in case of an accident, collision, etc. What they do is they cover certain parts of your car, so that if they break, the repair cost is paid by the VSC provider.
VSC are valuable because they save you a lot of money in case of an unexpected breakdown. More often than not, car failure happens suddenly and it catches us unprepared and with our wallets empty.
Toco Warranty Corp is a company headquartered in California. The company sells vehicle service contracts and Mechanical Breakdown Insurance policies (MBI) almost in the entire country. They don’t cover Alaska, Missouri and Washington, though.
Toco was founded in 2013 and is a BBB (Better Business Bureau) accredited company since 2014. It has an A+ rating and almost entirely positive reviews from customers.
What are the plans offered by Toco?
Toco offers 4 plans: Orange, Yellow, Green and Blue and there is no down payment required. You only have to pay an affordable monthly fee and there is no long-term commitment. You can cancel anytime you want on them, although, there is a cancellation fee you have to pay in most cases.
Regardless of the plan you choose, Toco has a $100 deductible per visit, in case you have to take your car in a repair shop. Toco doesn’t require you to take your car to a certain repair shop. You can opt for any mechanic you want, as long as they are in the country and licensed. However, there are some facilities that are preferred by Toco and if you opt for one of them, you will get $50 off of your deductible.
All plans have contracts that can be downloaded in Englilsh and in Spanish as well.
This plan is tailored for cars that are under 60,000 miles and 5 years of age. This plan is the most comprehensive one offered by Toco. Because it has the most comprehensive coverage, they list the parts that are NOT covered with this plan, instead of the parts that are covered, as it is the case with the other 3 plans. Among the parts that are not covered we can name the battery, carburetor, standard transmission clutch assembly, friction clutch disc and pressure plate, glass, exhaust components and some more. You can see all exclusions in their contract, which can be downloaded.
This plan covers vehicles that are under 10 years of age and under 100,000 miles. In addition to the standard coverage included in the plan, you also get optional technology coverage.
The Yellow plan covers the engine, transmission, drive axle, transfer case, turbo/supercharger, electrical, steering, air conditioning, cooling system, brakes, fuel, suspension, electronic high tech and modern features package.
This plan covers cars with the same characteristics as the yellow plan. They have to be under 10 years old and have under 100,000 miles. The difference is the fact that the green plan doesn’t cover the modern and technology features. Other than that, it offers the same coverage as the Yellow plan.
This plan is the best one for people who have older, used cars. The Blue plan covers vehicles that are up to 20 years old and have under 175,000 miles on the meter.
The plan covers the engine, transmission, drive axle (front and rear), 4X4 transfer case, turbo/supercharger, electrical, cooling, air conditioning, fuel system.
All plans offered by Toco include roadside assistance, rental car benefits, trip interruption coverage.
Just like with any VSC provider, Toco also has a waiting period before the coverage takes effect. The waiting period is within the industry standard: 30 days and 1,000 miles.
In case of a breakdown that is covered by your contract, your assigned plan administrator will handle the paperwork and payment so you don’t have to worry about that.
Toco doesn’t display any quotes on their website. However, those interested in getting a VSC from Toco can get a free quote easily, by filling out the form on Toco’s website. They have to provide their full name, e-mail address, ZIP code, phone number and vehicle information (including current vehicle mileage).
The costs of their VSCs vary from case to case, depending on several factors such as: your car brand, the car model, the age of your car, its mileage, the number of miles you drive each month.
In terms of payment methods, Toco accepts Mastercard, Visa, American Express, Discover cards (credit or debit). If you opt for a certain payment method and wish to change it, you can easily do so by logging into your Toco account and accessing the Payment Methods tab.
Customer service hours: Monday - Friday, from 9:30 am to 5 pm Central Time
Toll free: 855.298.8626
There is also live chat available.
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