Get that auto warranty extension.
Step 1: Get in touch with the extended car warranty company you’ve settled on. Among other things, the policy should cover the following:
It pays for repairs done by any ASE-certified mechanic (instead of just a car dealership) and covers engine overheating and ABS brakes (if your vehicle has ABS brakes) and car rental costs and transfers to the next owner if you sell the automobile (as opposed to reimbursing you after you pay the bill)
Step 2: Try to bargain down your premium. To close a deal, auto warranty companies frequently offer discounted rates.
Step 3: Get a written copy of the guarantee. Don’t assume that the company providing your auto warranty has sent you a copy of the policy and all the details you need. Assure yourself that a hard copy will be mailed to you.
Step 4: Find out how to make a claim. Claims reporting contact information is typically provided in the policy itself or on a separate page that comes with the warranty, but it never hurts to double-check.
There is a big difference between an extended warranty and auto insurance. There is still the requirement of having standard auto insurance. In many cases, you may not even need full coverage insurance if you purchase a brand-new car and take advantage of the manufacturer’s guarantee.
But a warranty may protect you from mechanical failures if you merely have the minimum liability coverage and don’t have one. Keep in mind that you may want additional insurance in the event of an accident.
Frequently Asked Questions
Should you buy an extended warranty for your car?
Yes, if you can get a good extended warranty from a dependable provider. Sometimes it pays to get an extended warranty for your car. But, dealership-provided extended car warranties nearly never pay off.
Could you tell me how much an extended warranty for my car will cost?
The typical price range for a vehicle warranty extension is $900 to $3,000. The make and model of your car, in addition to the specifics of your desired coverage, will determine your final price quote.
