As you shop for a new vehicle, one of the big decisions to make is whether or not to buy an extended warranty. These warranties help to alleviate the stress of having to come up with thousands of dollars if your vehicle is facing a costly repair. They also offer roadside assistance and other benefits. While the extra cost of an extended car warranty may seem like a hassle, it can be worth the peace of mind.
When shopping for a policy, it is important to understand how much the premium will be and what coverage you can expect. The price of an extended warranty can vary by provider, vehicle type, location and plan level. It is also important to know how deductibles are charged as this can impact your overall policy price. Some providers have a fixed deductible while others charge per service or use a disappearing deductible.
Getting quotes is the best way to get an accurate estimate of your extended auto warranty costs. You can get a quote online, over the phone or in person. Be sure to have your vehicle year, make, model, mileage and VIN available when requesting a quote. Most extended warranty companies will require this information to provide a quote. Once you have a list of quotes, compare them for the best price.
Keep in mind that prices of extended warranty plans will increase as the vehicle gets older. This is because the vehicle has more miles and will be more likely to have major repairs. Also, plans that cover more components will generally be more expensive than powertrain plans.
The company you choose to purchase the extended warranty from can also affect the price. Dealerships typically charge more for warranties than third-party companies. You can also save money by purchasing a plan directly from the warranty provider.
Many people decide to buy an extended warranty because of the high-cost of repairs for their vehicle. In addition, some people want to extend the life of their vehicles beyond their manufacturer’s warranties.
Buying an extended car warranty is a personal decision and not for everyone. You can save the money you would spend on an extended warranty and use it for other expenses. In addition, you can set aside the money and save it for a rainy day in case your vehicle needs repairs in the future.
If you are considering buying an extended warranty, be careful of scammers. There are legitimate, reputable providers that offer great coverage at competitive prices. You can learn more about them in this article.
The most important thing is to do your research and make an informed decision. Never compare policies based on monthly payments alone. If you are purchasing an extended warranty at the dealership be sure to read the contract carefully before signing. It is also a good idea to ask the dealer what the full price of the policy is and compare it to other providers before making your final decision. extended car warranty cost