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An extended car warranty (also known as an extended vehicle service plan) can provide peace of mind when you a buy a new or used car. As vehicles have gotten more complex, they've also become more expensive to repair. Luckily, car warranty companies provide a variety of coverage options to protect your investment and keep your vehicle on the road as long as possible.Last Updated: July 2019
Extended car warranties are service contracts that cover the cost of certain vehicle repairs for a specific period of time. For new vehicles, extended service contracts typically pay repair costs for three years or 60,000 miles, while coverage for used vehicles will vary by the extended car warranty provider. Extended car warranties can be purchased from the dealership or a third-party company and can save drivers thousands of dollars in repair costs.
When considering how to choose the best car warranty, you should keep any potential repair costs for your vehicle in mind, as well as the right type of extended service contract for your budget and needs. The three main types of extended car warranties are inclusionary, exclusionary, and powertrain. You should do your best to avoid making a last-minute warranty purchase at the dealership and do your research ahead to time if you want to get the best value and save the most money on car repairs.
The best car warranties provide straightforward and comprehensive plans to their customers. Each of the extended service contract companies on our recommended list offers a choice of coverage plans to consumers. Powertrain car warranties cover only the main components of your vehicle’s essential systems. Inclusionary car warranties cover a list of specific repairs. Exclusionary car warranties cover a list of what’s not covered and usually provide optimal coverage and value.
If you have an older vehicle, travel a lot, or have a long work commute, you need to make sure the extended car warranty you choose offers plans specifically for high mileage vehicles. Not all extended service plans cover cars with up to 100,000 miles, which is why we included that information in all of our car warranty reviews and considered it to be an important factor in which extended car warranties we recommend.
Coverage type isn’t the only thing you should consider when choosing the right car warranty for your needs. You also want to keep an eye out for extra features, such as roadside assistance, towing and lockout services, and rental car reimbursement. The best car warranties offer additional benefits to help make your life easier and leave you feeling confident on the road, which is why we included the top extended service contract benefits in our list of recommended car warranties.
Our list of recommended car warranties also includes information on how satisfied customers are with the top vehicle service warranty companies. After all, you don’t want to work with any company that doesn’t provide excellent support or has less than stellar ratings. All of the car warranty companies on our list have been researched extensively and our car warranty reviews include all the info you need to make the best choice, based on what current customers have to say about working with each car warranty provider.
Why put your trust in a company that doesn’t have the financial strength or reputation to back up their claims? Each of the car warranty companies we reviewed works with industry-leading insurance providers to ensure that you’ll never be left on the hook for repair costs. Our recommended list of car warranty companies gives you the in-depth information you need to know about the best-extended service contract providers and offers you the peace of mind you want when it comes to knowing you and your car are protected from unexpected repair costs.
Before 1961, drivers just had to hope they hadn’t bought a lemon when they signed on the dotted line for a new or used vehicle. Since then, car manufacturers have realized that their customers want peace of mind when they buy the latest model. It was Ford that first introduced the extended car warranty and it was only good for one year or 12,000 miles.
Thankfully in the 21st century, we have a lot more say in the matter when it comes to the longevity of our vehicles, and consumers can now protect their investment by adding extended car warranty coverage to almost any vehicle purchase.