Did you know that an estimated 55 percent of car owners that purchased an extended car warranty have never used their warranty coverage? Purchasing the best extended car warranty is a great way to achieve the peace of mind that you’ll be covered no matter what goes wrong with your new vehicle. No one enjoys added stress in their daily lives, and that starts with your drive to and from work.
Whether you’re purchasing a used or new car, it makes a lot of sense to consider extending your auto coverage for many years into the future. The good news is that you’ve found the perfect guide to learn more about your coverage options and the things to look for in the best extended car warranty.
Keep reading this article to learn more today!
What Is an Extended Car Warranty?
An extended car warranty is auto coverage that extends past the basic warranty coverage provided by the car manufacturer. Many manufacturers end the warranty at three years or 36,000 miles. It’s also important to remember that the basic warranty won’t cover all of the potential issues that you could encounter with your new car.
Some of the most expensive repairs that you’ll encounter are those related to your car’s electrical system. Many manufacturers will not cover these issues when they arise. Most of the basic warranty coverage relates to the transmission and the engine of your new car.
The best extended car warranty is designed to cover anything that might go wrong with your vehicle over the years. It’s a wise move if you’re worried about facing some expensive repair bills in the future.
One thing to keep in mind is that your auto coverage will not help you in the event of a car accident. Your car warranty covers the failure of key components, but damage from an accident comes down to your car insurance coverage. You can read more on Carshield reviews to learn about your different coverage options.
Tips for Finding the Best Extended Car Warranty
Now that you have a better understanding of the purposes of an extended car warranty for your vehicle service contract, it’s time to look at the key things to look for in your coverage options. It’s important to get coverage that will give you peace of mind for years to come. Here’s a closer look!
1. Cost of Coverage
The first thing that many people wonder about when they consider their coverage options is the cost of that coverage. It’s important that the auto coverage that you get suits the vehicle that you want to purchase and the ways in which you plan to use it.
A big factor that comes into play is the brand of vehicle that you’re purchasing. Some brands have a great reputation for reliability and inexpensive repairs. If you’re buying a new car from one of these brands then your auto coverage is more of a luxury than a need.
Getting a car that you’ve always wanted and that carries a reputation for repairs is the perfect candidate for extended auto coverage. Many European car brands have expensive repairs and replacement parts that will add up in a hurry after the basic warranty ends. Keep that in mind when you start shopping for your coverage options.
2. Type of Coverage
It’s also important to look at the components of your vehicle that get covered by your extended car warranty. Some items are considered wear-and-tear items that you’re expected to replace on your own. Tires, brakes, air filters, and bumpers are all things that will not get covered by most car warranties on the market.
Most extended warranties are more focused on your suspension, transmission, and engine. Make sure that you’re getting maximum coverage if you’re worried about things breaking or failing.
3. Explore Better Business Bureau Ratings
The Better Business Bureau is a great resource that you can use when shopping for your different coverage options. It’s a good idea to take a look at the different brands that offer coverage to see any complaints that previous customers have made. You can also look at the ways in which the extended warranty company handled and resolved those claims against it.
4. Check Online Customer Reviews
Online reviews will also provide a lot of insight into what you can expect when it comes to coverage for your new car. If you’re finding a number of reviews that talk about the difficulty they’ve experienced getting the warranty company to honor the vehicle service contract then it is best to steer clear. You’re walking into a massive headache trying to get auto coverage through that company.
5. Think About the Age of Your Car
If you’re purchasing a used vehicle that has a lot of mileage then it makes a lot of sense to seek extra auto coverage. You don’t know how the previous owner drove and maintained your new car. You also need to consider how long you plan on owning and driving your new car.
The best extended car warranty is perfect for someone that is looking at owning their vehicle for many years to come. Extended coverage options don’t make sense if you plan on trading in your car for a new one after only a few years.
It’s also important to consider the cost of your car and the cost of maintenance for it. Cars like Honda Civics and Toyota Corollas are known for lasting a long time and being reliable. They’re not a great candidate for an extended car warranty.
Start Searching for an Extended Car Warranty Today
If you’re planning on getting a used or new car then it’s a great idea to consider getting an extended car warranty, especially if your new car has a history of maintenance issues. It’s a good idea to think about how long you plan on owning your new car. You should also look at the cost of your coverage options to make sure that it makes financial sense for your situation.
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