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Auto Warranty Plans
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An auto warranty is an agreement between the owner of the vehicle and a warranty company. The warranty company agrees to pay for repairs, identified in advance, during the specified warranty period. A warranty period is generally based on car mileage; anywhere from one thousand to several tens of thousands of miles. The longer the coverage, the higher the price of the auto warranty. Warranties are often purchased in lump sum amounts, but certain companies also offer monthly payment plans.

Get an Extended Warranty for Your Car with CARCHEX Today! Auto warranties are generally considered a wise purchase, since the cost of car repairs can easily exceed thousands of dollars. However, that reasoning only holds true if the auto warranty covers the repairs needed. Auto warranty contracts have a lot of fine print. Understanding the scope of coverage is imperative to making a wise purchase. You also need to make sure the company offering the auto warranty is reputable - a warranty company that goes out of business will not be there to issue auto claim payments. Simply put, not every auto warranty is created equal.

Before agreeing to purchase an auto warranty, you need to be sure to consider the following items:

  • Repair Coverage. Will the auto warranty plan cover the costly repairs that may be needed?
  • Best Auto Warranty Plans
  • Cost. How does the cost of one auto warranty company compare to the next? Are you getting what you're paying for?
  • Reputation. If and when you have an auto repair claim, will the auto warranty company stand behind you and your claim?

TopConsumerReviews.com has reviewed and ranked the best auto warranty plans available today. We hope you find these reviews helpful in finding the best auto warranty that fits your needs!

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.

2016

Auto Warranty Reviews

5 stars
Carchex

CARCHEXTopConsumerReviews.com Best-In-Class Blue Ribbon Award

CARCHEX has a solid, comprehensive, easy-to-follow website that is full of helpful information. They are a highly rated company with many endorsements and positive consumer feedback. CARCHEX offers a strong array of service plans and is highly recommended. Read More... Visit
Site

4.5 stars
Warranty Direct

WARRANTY DIRECT

Warranty Direct is a 30 year old company offering a long list of extended auto warranty plans to meet your needs. Rated highly by several independent agencies, customer service is a strong focus at Warranty Direct. Read More... Visit
Site

4 stars
Endurance

ENDURANCE

Endurance Warranty Services provides three different extended auto warranty plans. We liked their flexible premium payment schedule, 24-hour roadside assistance, and 30 day money back guarantee. They also have an A+ rating with the BBB. Read More... Visit
Site

3 stars
AA Auto Protection

AA AUTO PROTECTION

AA Auto Protection offers six extended warranty plans. They are a broker, thereby representing several companies that underwrite the warranties they sell. Their customer service representatives, while friendly enough, were not the most professional in speech and manner. Read More... Visit
Site

1 star
Mogi

MOGI

Mogi offers five extended vehicle warranty plans that range from bumper-to-bumper coverage to those that tailor to older, high-mileage vehicles. They utilize very aggressive sales techniques on the phone, have received numerous consumer complaints and have the lowest rating from the Better Business Bureau. Read More... Visit
Site

0 stars
US Fidelis

US FIDELIS

US Fidelis is currently in chapter 11 bankruptcy protection and not selling vehicle extended warranty plans at this time although they are still servicing existing plans. They have received numerous consumer complaints related to their aggressive and invasive telemarketing techniques. Read More... Visit
Site

The Basics of Auto Warranties

Cars are expensive investments, whether you like to purchase new or pre-owned. In protecting that investment and to avoid future repair expenses on your car, you may want to consider purchasing an auto warranty.

Most new and some used cars are covered by some sort of warranty when purchased. For example, new cars are usually covered by a manufacturer's warranty. These warranties vary greatly and are limited in duration. They may cover a variety of repairs until either a time limit or mileage limit such as three years or 36,000 miles. Once you reach that time or mileage limit, the warranty will either totally expire or much of what it covers will be void.

Some manufacturers also offer various program warranties on specific used or pre-owned cars, usually called "certified used" or something similar, that extend the original manufacturer's warranty or parts of the warranty.

If you plan on keeping the car past the life of the manufacturer's warranty, you may want to consider purchasing an extended warranty. Extended warranties are insurance policies against expensive, unforeseen repairs. In essence, extended warranties are actually service contracts. They cover expenses incurred that your warranty doesn't cover.

Unlike manufacturer's warranties, extended warranties are purchased separately from your car. They can be purchased either through the original manufacturer or through a third-party, independent warranty company. In some cases, you'll receive offers to purchase extended warranties in the mail or over the phone from the manufacturer just as the original manufacturer's warrantee is expiring.

Extended warranties are all different. They each differ on what repairs are covered, how much is covered, duration of the coverage and cost of the warranty. Before purchasing any extended warranty, determine what is still covered on the warranty you possess, determine how long past the life of the warranty you'll keep the car, what you want covered and for how long.

When researching the details of the warranty you want to purchase, look for information on the policy's deductible, whether the policy is transferable if you sell the car and whether repairs can be done anywhere or only with specific shops. Also, look for specifics on what is covered and what is not. For instance, does the warranty cover breakdown of parts as well as wear and tear? A warranty that only covers breakdown requires the part to break before the warranty will pay to replace it. A wear and tear policy will cover parts that need to be replaced because they are too worn to work efficiently.

Purchasing an extended warranty can be a smart investment. Don't forget to research the warranty specification and the companies offering them online before making the purchase.

 

 

 

Another Auto Warranty Business Warning

The Better Business Bureau has issued a warning against another extended auto warranty company. United Auto Defense claims it is having cash-flow problems, and that's why they have been unable to offer prompt refunds to its customers. The BBB has taken 120 ...

Published:  Wed, 27 Apr 2016 01:00:00 GMT



3 Odd-Ball Dividend Stocks That Pay Through Retirement

My favorites are the ones with high margins like extended auto warranty, home warranty and travel accident insurance. Yet, it also handles the specialty stuff like errors and omissions insurance, insurance for directors and officers, employee fidelity ...

Published:  Fri, 22 Apr 2016 13:07:00 GMT



Warranty firm folds; Brick man wants his $1,700

Warranty firm folds; Brick man wants his $1,700 We try to help Brick resident Tai Truong receive a refund from Direct Buy Auto Warranty, a company that the state Division of Consumer Affairs sued recently. Check out this story on app.com: http://on.app.com ...

Published:  Mon, 11 Apr 2016 06:41:00 GMT



Auto warranty company booted from N.J. for consumer complaints

A company that advertised customers "would never pay for covered auto repairs bills again" has agreed to stop operating in New Jersey within six months and reimburse consumers who purchased motor vehicle service contracts but were not provided the coverage ...

Published:  Thu, 29 Jan 2015 08:45:00 GMT



Auto warranty firms launch sleazy scam

One of the most obnoxious and deceptive marketing campaigns I have ever seen is taking place right now. It uses postcards, letters, and phone calls to sell outrageously priced extended warranties. The mailings look like an important notice from your car ...

Published:  Thu, 14 Feb 2008 19:08:57 GMT



AAM Guard Extended Auto Warranty introduced - extended coverage beyond the standard warranty

The Automobile Association of Malaysia (AAM), in conjunction with ACCMS Warranty Services, recently introduced the AAM Guard Extended Auto Warranty coverage programme. Dubbed "as the first of its kind offered in Malaysia", the programme is aimed at ...

Published:  Thu, 05 Nov 2015 05:39:00 GMT



Getting An Extended Auto Warranty For Your Car

Adopting safe driving practices. Using only the recommended and high grade fuel and lubricants. Going only with manufacturer recommended accessories and Investing in the right kind of auto warranty for your vehicle. Even though you may have car insurance ...

Published:  Fri, 11 Mar 2016 00:06:00 GMT



St. Charles auto warranty companies file bankruptcy

Imperial Auto Protection LLC and Royal Auto Protection LLC, both extended auto warranty companies based in St. Charles, have filed for Chapter 11 bankruptcy. The affiliated companies, both located at 1529 S. Old Highway 94, filed separate bankruptcy ...

Published:  Wed, 23 Apr 2014 19:23:00 GMT



Middlesex County Based Auto Warranty Business To Cease Business In N.J., Reimburse Consumers Up To Nearly $200,000

reimburse consumers who purchased MVSCs but were not provided the coverage they were promised, under terms of the Final Consent Judgment that resolves a lawsuit filed by the New Jersey Division of Consumer Affairs. The Division filed its lawsuit against ...

Published:  Thu, 29 Jan 2015 07:28:00 GMT



GE Auto Warranty Services Offers Dealer and Consumer Friendly Products

GE AUTO WARRANTY SERVICES OFFERS PRIVATE LABEL CREDIT CARD TO INCREASE DEALER PROFITS CREDIT PRODUCT OFFERS DEALERS AND CONSUMERS UNMATCHED FEATURES AND BENEFITS LAKEWOOD, Colo. - March 23, 2004 - GE Auto Warranty Services offers a great new way for ...

Published:  Wed, 31 Mar 2004 16:00:00 GMT



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