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How Much Should You Pay for an Extended Auto Warranty

Tips on Purchasing an Auto Warranty Plan

When to Buy an Extended Auto Warranty Plan


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Auto Warranty in Minnesota

Minnesota MapDid you know that Minnesota drivers spend millions of dollars each year just to keep their vehicles on the roads? Unless a car owner has an auto warranty policy, the individual is responsible to pay the repair bill if they want to keep driving.

Auto warranties operate much like health insurance; a buyer chooses a policy, pays either monthly or annually for coverage, and in the event of a repair that is covered under the policy, pays a deductible before the rest of the expense is paid by the warranty company. Many people who have an auto warranty are frustrated with the warranty business when they find out that their repair is not covered. To alleviate this, a vehicle owner should read the auto warranty in its entirety before purchasing. This will help the individual understand what is and what is not covered under the warranty.

Before purchasing an auto warranty policy, the buyer should check the business' rating with the BBB. The BBB requires all accredited businesses to abide by specific standards of conduct in business transactions. Auto warranty companies are required to be responsive, addressing marketplace disputes quickly and professionally. The business is also required to honor promises. In the case of auto warranty providers, this means abiding by all written agreements and verbal representations. Any business with a rating of less than A- should not be considered.

A potential buyer should also ask how long the company has been in business. As a general rule, experienced providers are still in business because they keep their customers happy. A new company may not be able to handle claims satisfactorily, and there is a greater risk of them closing their doors and leaving the policyholder with the repair bill. Companies should have been in business for at least ten years in order to be considered as a legitimate choice for the Minnesota resident looking for an auto warranty.

Auto warranties have provided peace of mind to many drivers when it comes to covering costly repairs.


Should You Get an Extended Warranty for Your Car

GM says it's the only automaker offering a true extended warranty, though others offer vehicle service plans. (GM's plan isn't available for vehicles sold in California, Florida, Hawaii, Maine, ...

Published:  Thu, 27 Dec 2018 04:06:00 GMT

Minnesota attorney general sues Texas company for deceptive warranty sales

Halverson, a retiree in Blaine, didn't realize the offer wasn't from the dealer nor that her car's warranty was still good. She's not the only Minnesotan who thinks she was duped. On Friday, Minnesota ...

Published:  Fri, 06 Apr 2018 12:33:00 GMT

Minnesota AG Accuses Car Warranty Firm of Deception

MINNEAPOLIS (CN) - Minnesota's attorney general claims a Texas company tricked senior citizens into buying service contracts by portraying itself as a manufacturer or dealer and falsely stating their ...

Published:  Tue, 10 Apr 2018 04:19:00 GMT

MN Supreme Court: "˜Fraud' invalidates "˜as is' car sales

The Minnesota Supreme Court struck a blow against shady auto ... As part of the sales process, Ride Auto told Sorchaga that she would get a third party warranty, the ASC Vehicle Protection Plan (ASC ...

Published:  Wed, 21 Mar 2018 09:47:00 GMT

iCar Asia raises US$19.3M to foray into auto finance, insurance, warranty services

As part of this proposition, iCar Asia will look at expanding into adjacent market segments, including auto finance, insurance, inspection and warranty services. "With the additional investment, we ...

Published:  Tue, 14 Nov 2017 21:11:00 GMT

Another new Toyota RAV4 spontaneously caught fire, this time while its owner was taking his children to school

After the Han family's RAV4 spontaneously caught fire in Minnesota, Toyota sent an investigator ... adding that they even paid Toyota $900 for a new car alarm and $1,600 for a ten-year extended ...

Published:  Fri, 22 Mar 2019 08:03:00 GMT

Maryland Couple Says Company Tricked Them Into Purchasing an Unnecessary Car Warranty

A Maryland couple says they were tricked into purchasing a car warranty they didn't need ... NBC4 Responds learned the Minnesota attorney general's office filed a lawsuit in February against the ...

Published:  Wed, 05 Oct 2016 17:30:00 GMT

This Car Runs on Code

The car's air bag electronic controller-along with the dozen or so sensors that provide it with data-have to be able to operate for years in temperatures ranging from the dead of a freezing Minnesota ...

Published:  Sat, 31 Jan 2009 21:00:00 GMT

AG sues Texas company selling extended auto warranties

Minnesota Attorney General Lori Swanson is suing a Texas auto warranty company for deceptive tactics, saying it's violating its promise of a full refund within 30 days. The lawsuit is part of a ...

Published:  Wed, 24 Sep 2014 14:34:00 GMT

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