Extended Automotive Warranties: What You Need to Know in 2023

What Is an Extended Automotive Warranty?

An extended automotive warranty is an agreement between you and a third-party administrator or manufacturer that provides coverage for repairs and maintenance beyond the original manufacturer’s warranty period. In other words, it’s an extra level of protection for your vehicle.

Types of Automotive Warranties

There are two main types of warranties available for a vehicle: the original manufacturer’s warranty and an extended warranty. The original manufacturer’s warranty is usually included with a new vehicle purchase and is typically good for three years or 36,000 miles, whichever comes first. An extended warranty is a separate agreement that kicks in after the original manufacturer’s warranty ends.

Benefits of an Extended Automotive Warranty

One of the main benefits of an extended automotive warranty is that it can help you avoid costly repairs. An extended warranty typically covers parts and labor for repairs and maintenance, allowing you to save money in the long run. Additionally, an extended warranty can provide you with peace of mind knowing that you are covered in the event of a breakdown.

How to Choose an Extended Automotive Warranty

When choosing an extended automotive warranty, it’s important to consider the type of coverage you need. The type of coverage will depend on the age and mileage of your vehicle. It’s also important to read the fine print to understand the exclusions and limitations of the warranty.

Cost of an Extended Automotive Warranty

The cost of an extended automotive warranty will depend on the type of coverage you choose. There are usually three levels of coverage available: basic, mid-level, and comprehensive. The cost of each level will depend on the age and mileage of your vehicle.

How to Buy an Extended Automotive Warranty

You can purchase an extended automotive warranty from a third-party administrator or directly from the manufacturer. It’s important to compare different warranty providers to find the best coverage for your needs. Additionally, you should always read the fine print to understand the terms and conditions of the warranty.

Conclusion

An extended automotive warranty can be a great way to protect your vehicle from unexpected repairs and maintenance. It’s important to consider the type of coverage you need, the cost of the warranty, and how to purchase the warranty before making a decision. Doing your research can help you find the best extended automotive warranty for your needs.