Quick Answer: How Much Should You Pay For A Car Warranty?

What is a good price for an extended car warranty?

The more “used” a vehicle is, the more expensive extended coverage will probably be.

The average monthly payment for an extended warranty is around $1,200 to $1,500, but this can vary widely depending on the aforementioned factors..

Is CarShield really worth it?

CarShield is well worth it, especially if you aren’t sure yet what kind of coverage you want with an extended auto warranty, because CarShield offers a wide variety of plans that will satisfy most consumers. We like that they offer monthly contracts.

What is the best used car warranty?

Top Used Car Warranty CompaniesTop Used Car Warranty CompaniesBest For#1 EnduranceBest CoverageGet Quote#2 CARCHEXBest ServiceGet Quote#3 CarShieldBest ValueGet Quote#4 Protect My CarBest Maintenance PlansGet Quote1 more row•Mar 1, 2020

What is bumper to bumper warranty?

Also known as a limited warranty, the term bumper-to-bumper is just a descriptive word for comprehensive coverage that often comes from the dealership. A true limited bumper-to-bumper car warranty will cover everything between the front and rear end of a vehicle for a certain period of time.

How many miles does an extended warranty cover?

A large portion of cars on the road today that need repairs have passed the 100,000-mile mark. An extended warranty is like an insurance policy for your car. Many original manufacturers’ warranties for new vehicles are limited to three to five years and only cover a vehicle up to 36,000 miles or 60,000 miles.

Can you purchase an extended warranty at any time?

You can purchase an extended auto warranty at any time, although waiting until the original factory coverage has expired will generally mean paying a higher premium rate. The most advantageous time for purchase may be near the end of the original warranty term.

Is it worth it to buy a car warranty?

In general, we don’t recommend buying an extended warranty on a used car. Warranty companies are in business to make money, and they’ve usually done their homework. This means you’ll likely spend more on the warranty than any repair costs your car may accrue during the period when the warranty is valid.

Are auto extended warranties worth the money?

This isn’t surprising, because extended warranties make a lot of money for those who sell them. … “On average, you’ll pay about $1,500 on an extended warranty, and the average repair is $180. I don’t recommend buying extended warranties, ever. If you can’t afford a $200 repair on a car, then you can’t afford the car.”

Does AAA offer extended auto warranties?

Avoid unexpected, costly repairs on your new or pre-owned vehicle with an extended warranty from AAA. … Our cost-effective plan options extend coverage to virtually all mechanical and electrical components after your original warranty expires.

Who has the best auto extended warranty?

The Best Car Warranty Providers of 2019Endurance – Best for High Mileage Vehicles. … Carchex – Best Warranty Plan Options. … Concord Auto Project- Best for Customer Support. … Liberty Bell Auto Protect – Most Comprehensive List of Makes Accepted. … Infinite Auto Protect – Best Basic Plan. … Autopom!

What is the best car warranty?

Top 10 New Car WarrantiesHyundai. 5 years/60,000 miles. … Kia. 5 years/60,000 miles. … Genesis. 5 years/60,000 miles. … Volkswagen. 6 years/72,000 miles for 2018 and 2019 models, 4 years/50,000 miles for 2020 models. … Mitsubishi. 5 years/60,000 miles. … Jaguar. 5 years/60,000 miles. … Infiniti. 4 years/60,000 miles. … Lincoln.More items…•

What is the cost of an extended warranty on a used car?

Typically, the average extended warranty for used cars cost ranges from $350-$700 per year, but every person and policy is different. Here are a few factors that help determine price: Age/Mileage– Typically, cars with a higher age or mileage will have higher prices.

How much is a typical car warranty?

In general, the average extended car warranty cost ranges from $350-$700 per year, but every person and policy is different. When your car needs repairs and you don’t have coverage, the mechanic will require payment in full.