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When you purchase a new car, an auto warranty is usually an optional purchase along with it. This is a good choice for vehicle owners who want to spend a little extra each month or in one lump sum for peace of mind about dealing with potential vehicle issues down the road (no pun intended). Generally, a warranty extends for a certain number of years or until the vehicle reaches a specific number of miles.
Heaven forbid you have an engine blowout, faulty brake system, electrical issue, or steering malfunction as you're cruising along in your car. If this were the case, a big concern for you (besides your safety) would be the thousands of dollars it could cost to get these major issues repaired. Whether your vehicle is brand new or a few years old, unfortunately things go wrong with cars that you can never predict.
Wednesday, August 17th
CARCHEX is a well-established vehicle protection broker that has been providing auto warranty coverage since it was founded in 1999. They come highly recommended by the Better Business Bureau, national media outlets, and other companies. We are impressed with the smooth processes set up by CARCHEX and positive customer feedback, making them our top auto warranty company.
Olive is a professional, affordable, and transparent company that offers three different coverage plans for your vehicle. As long as your car is less than 10 years old with under 140,000 miles, you'll likely qualify for their extended warranty without even needing an inspection. You can get a quote in 90 seconds or less and cancel your plan at any time. Their website makes it easy to understand what your options are and how much it will cost, so we recommend taking a look at Olive.
Toco Warranty is very impressive - we finally found a company that offers vehicle repair coverage with instant quotes that are ACTUALLY instant. They have easy-to-understand coverage plans and simple processes for customers who are trying to figure out what they need. Toco offers plans for vehicles with up to 175,000 miles and as old as the 2000 model year. They have high customer satisfaction and supportive customer service. Toco Warranty ties for our highest rating among auto warranty coverage services.
1 800 Warranty thinks of themselves as a service contract company rather than an auto warranty service. They have a sleek website that makes understanding service contracts simple. It is easy to get a quote and understand the processes for finding a plan and filing claims here. 1 800 Warranty is a great place to go for customers who are new to warranties and service agreements and need clear information before making a purchase.
Concord Auto Protect provides car warranty services to customers within three main plans. They offer free roadside assistance, a 30-day money back guarantee, and repairs at any ASE certified facility with all plans. Even though Concord is a fairly new company (founded in 2014), they have gained a loyal customer base that reports extremely positive experiences with their services.
AA Auto Protection does not provide vehicle protection plans themselves, but rather is a broker that works with several different companies who underwrite these plans. Six coverage plans are available to meet the price points of different customers. To get an accurate quote for each plan, you'll need to speak to an AA Auto Protection representative. Their phone number, along with encouragement to give them a call, is plastered throughout the website. We wish there was more pricing information we could get ourselves before needing to speak with a salesman over the phone at AA Auto Protection.
CarShield has been providing vehicle coverage warranties since 2005 to thousands of satisfied customers. There are polarizing reviews from customers who have either loved or strongly disliked the services provided by CarShield. They have received an F rating from the Better Business Bureau. We feel that if customers carefully and thoroughly choose their plans and focus on the fine print rather than customer complaints, CarShield could be a good option for extended auto warranty services, but we would advise to proceed with caution.
Endurance helps protect customers from high repair costs after their manufacturer's warranty expires. They are an advocate for their customers by offering step-by-step support throughout the auto warranty claim process. Even if customers need repairs done that don't fall under their coverage plan, Endurance helps customers get the most affordable auto care by walking them through the process as a liaison. Our main concern is the F rating they receive from the Better Business Bureau for aggressive marketing tactics.
Auto warranties make it so that vehicle owners pay a contracted price much lower than the total cost of a major repair to ensure that if a big issue arises, the costs for fixing the vehicle will be covered. Some major repairs that might be covered under warranty include transmission, engine, powertrain, heating/cooling, and other necessary vehicle parts.
Before choosing an auto warranty plan, we suggest you keep the following criteria in mind:
To help you identify the best auto warranty plan, TopConsumerReviews.com has reviewed and ranked a variety of options. We hope this information helps you find the auto warranty plan that fits your needs!
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