Warranty services in some countries are not predominantly provided by the dealer. However, many dealers are in partnership with insurance brokers and agents who are able to provide the necessary warranty facilities for the customer’s personal needs. However, what must be noted before the consideration of any reputable extended car warranty Companies service is the necessity of the individual user. As logic dictates, there is no point in obtaining a service which will cost you more if you are not going to use it.it will only add up to your monthly expenses in the form of premiums or be added to the initial cost as a one-off payment, which is a rarity.
The most common trend in consumer behavior is the pre-purchase decision-making process being centered on reviews or peer opinions. However, many reviews given by the company itself are not reliable as it would avoid any mention of limitations or drawbacks of the provider. Hence, reviewing has become art itself by a researcher with the hope of providing a guide to the pre-purchase decision-making process.
Tips on Selecting the Right Extended Auto Warranty Company
Selecting the right extended auto warranty company will save you stress in case any part of your car gets faulty. This is because such companies will help you cover all the repair costs of your vehicle.
However, some of these warranty companies are grossly overpriced and aggressively marketed. It is quite important to evaluate your car warranty needs beforehand. This will help you to avoid spending money on coverage which you may not require in the long run.
Here are some tips on selecting the right extended auto warranty company;
- Decide beforehand if you really need an extended warranty: Sometimes, you may be much better off without extended warranty coverage. After all, you don’t want to spend $1000 on coverage and you end up getting $250 as compensation.
- Know whether you are buying or leasing: You don’t require an extended warranty cover on a leased vehicle. If you have a leased car, inform your warranty representatives up front. Then, request them for specific warranty options for leased vehicles.
- The value of the coverage should be based on the lifespan of your car: If you want to keep your car for many years, you will have to conduct some major repairs. Therefore, the value of your cover will naturally be higher. If you get a new car before this warranty expires, you will only be entitled to a partial refund. This will make you lose your money.
- Do your research well before selecting a particular warranty company:Before you choose an extended coverage plan, make sure you know everything about it. For instance, you should know what it exactly covers, its cost, and the terms and conditions.
- Find out about upgrades:Sometimes, you may discover that you need extra coverage for your vehicle. Inquire whether the warranty plan which you choose has an option of a coverage upgrade.
- Make sure that your selected extended car warranty company is financially stable:Your coverage plan will be worthless in case your warranty company goes bankrupt before you file any claim. Always opt for a warranty provider that is financially stable, and has an excellent rating on BBB.
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Manufacturer’s Warranty vs. Extended Car Warranty
New vehicles usually come with a manufacturer’s warranty. However, there is a difference between a manufacturer’s warranty and an extended warranty.
Typically, a manufacturer’s warranty is issued by your car dealer. For each new car you purchase, you will get a manufacturer’s warranty plan. Some top brands such as Volkswagen, Hyundai, Kia, and Mitsubishi offer long new warranty plans which may be up to ten years.
The manufacturer’s warranty normally provides coverage for essential items such as drivetrain, transmission, and engine problems. Most car brands provide little manufacturer’s coverage since they believe that their cars are high-quality and can’t easily get damaged. For example, Honda, Toyota, Subaru, and Mazda only offer basic manufacturer’s coverage for up to three years.
On the other hand, you can purchase an extended car warranty plan regardless of whether you have a new or used car. Most car owners normally start looking for extended coverage when their manufacturer’s warranty has expired. Here are the three main situations in which you must buy an extended auto cover plan;
- After you have bought a new car and you have driven it for over 36,000 miles.
- After you have purchased a used car which has exceeded its manufacturer’s warranty limit.
- If you have driven your car for more than 100,000 miles and you can’t afford extensive car repairs.
Top 10 Best Reputable Extended Car Warranty Companies 2019
The main feature of the Warranty extended by Endurance to their customers is Roadside Assistance. They provide Assured 24/7 roadside assistance to all of their customers which is one of the key features highly regarded by both male and female customers as most vehicles are damaged while trying to fix it on the road. This is certified by the 350,000 highly skilled mechanics spread across the USA and Canada. Hence this is a highly valued featured offered by Endurance. Similarly, the company also offers 30-days money back guarantee to ensure that all of their customer bases are happy and satisfied from the get-go. Endurance also provides convenient rental car benefits while your auto is being repaired or services for their customers when the car is being serviced as well as when the customer needs for other requirements. Upfront payments for the claims are not required are required for any of the aforementioned services. Endurance has been ranked #1 in customer satisfaction.
Carchex offers a wide range of warranty plans for the customer. The advantage of this is that the customer is able to choose the warranty package which is suitable and mandatory for his or her vehicle. As the warranty servicing cost is mostly factored into the cost of the vehicle, this ensures that the customer only pays for what he or she will have use of in the future. The warranty period can even extend up to six to seven years, depending on the desire of the customer. Carchex provides an assured and verified 30-day money back guarantee (subject to conditions as per the contract or the policy) and will allow the customer up to 21 months to finance the selected warranty.
3. Concord Auto Protect
One of the main features provided by this warranty is the Assured 24/7 roadside assistance. Similarly, Concord Auto Protect offers nationwide support through any available ASE facility which establishes a large spread across the country. They too provide an assured and verified 30-day money back guarantee (subject to conditions as per the contract or the policy). The unique feature of Concord extended warranty service is the unlimited claim limits and free online quotation which provide ease to both existing and potential customers.
4. Liberty Bell
The warranty services extended by Liberty Bell has been rated 9.3 (scored out of 10) by Trustpilot.com which provides added assurance regarding the service provider. Customers are able to obtain a free quotation online. Liberty Bell also provided Assured 24/7 roadside assistance to their customers as well as an assured and verified 30-day money back guarantee (subject to conditions as per the contract or the policy). Three warranty coverage plans and convenient rental car benefits while your auto is being repaired or services are given to the customers as well.
5. Infinite Auto Protection
Similar to some of the services mentioned above, Infinite Auto protection also provides online quotations as well as an assured and verified 30-day money back guarantee (subject to conditions as per the contract or the policy). However, the specialized feature provided by Infinite is the 24/7 claims processing facility which allows the customers to claim the service they require at any given time. similarly, Infinite is in collaboration with many dealerships and repair stations and hence can extend the service of these to their customers as well.
Autopom is licensed California Agents providing insurance for mechanical breakdowns of automobiles. The special benefit of having an insurance agent at your disposal is that you can select the service provider of your choice and claim the cost later on. However, the practicality of this could be subjective. Autopom serves in most states and provides insurance covers for used vehicles as well. Assured 24/7 roadside assistance is assured to the customer while the customer is able to choose the repair facility of their choice.
7. Complete car warranty
The prominent feature of this product is the instant quotation system available online for customers. Complete Car Warranty is also accepted by all dealers and mechanics while unlimited repair claims are provided to the customers. Given the coverage as determined in the contract, the customer can get either full protection or up to 60% off on all dealer prices.
8. Platinum auto warranty
Platinum auto warranty provides free online quotation similar to the rest of the service providers detailed on this review. However, the unique feature provided by Platinum Auto Warranty is nationwide coverage to all of their policy or contract holders. However, even though roadside assistance is provided, this is not available 24/7. Another key aspect of Platinum that should be noted is that they cover all parts of the automobile such as mechanical, electrical and engine. An unlimited amount of claims are provided to the customer which ensures that the customer is able to enjoy the car for a really long time.
9. PMC (Protect My Car)
PMC is an Assured 24/7 roadside assistance provider of extended warranty schemes for automobiles. Whilst a 30-day money back settlement is ensured by the provider, the automotive service rendered by the service provider is accredited. Customers are provided with an online free-quotation service as well as flexible payment terms offered.
CarShield prides itself on the car rental facility that is extended to its customers alongside their prided Assured 24/7 roadside assistance. One of the unique selling points of CarShield is the flexible payment plans that they’re willing to go into with the customers, providing ease of mind. Similarly, the customer is able to obtain coverage from an ASE certified mechanic as it ensures that the customer is given the best service whilst the warranty service is not being taken advantage of. However, the most beneficial feature is that the company offers towing services to the repair facility of the customer’s choice.
Best out of the lot
The best reputable extended car warranty companies detailed in this review is Endurance. More than the ranking of the provider, the amenities provided are flexible and suitable for many customers. their many benefits include;
- Assured 24/7 roadside assistance
- 350,000 qualified, skilled and verified mechanics spread across the USA and Canada
- Assured and verified 30-day money back guarantee (subject to conditions as per the contract or the policy)
- Convenient rental car benefits while your auto is being repaired or services
- Upfront payments for the claims are not required
The main point which must be noted is that there is no hard and fast rule that the best product out of the lost must be subscribed to. What must be remembered when making the decision is that your automobile is a personal artifact. It is the one place where your entire family gets together. The safety, comfort and the convenience of your automobile can only be decided by you. Hence, first, your base requirement and expectation from a worst extended auto warranty companies must be ascertained before comparing reviews of each product. This will ensure that you are able to have the best experience with your car for a long time.