Saturday, January 18th
2025 Auto Warranty Plan Reviews
Olive
- Prices available through online quote
- Three plans to choose from
- Use coverage with any mechanic
- Includes $100 toward roadside assistance
- Cancel anytime
- Price-lock guarantee
- "A+” rating and accreditation from the BBB
Olive, a trusted name in the realm of auto warranty plans, is dedicated to delivering the assurance and peace of mind that customers seek. With a focus on mechanical breakdown coverage, Olive takes care of critical components such as the engine and transmission, keeping you shielded from unexpected and costly repairs.
Favorite among first time car buyers
What sets Olive apart is its ability to attract a wave of new customers to the vehicle protection market. Remarkably, 59% of their customers are first-time car buyers. Plus, with their fully online model, it's easy to add, change, cancel, or otherwise manage your policy from anywhere anytime. Convenience and savings are two standout features of Olive.
Coverage may be limited to newer cars
Olive's coverage plans include a wide range of auto brands with protection even for luxury brands like BMW and Mercedes. Qualifying for Olive's coverage is typically straightforward. All you need is to be sure your vehicle is less than 10 years old and has accumulated fewer than 140,000 miles. However, pre-existing conditions in the vehicle will not be covered, and there is no coverage offered in the state of Florida. On the bright side, Olive's coverage becomes active the day after you sign up, and there is no need for a vehicle inspection. If you decide to sell your vehicle, you can effortlessly transfer the coverage to the new owner. To get started, you just need to fill out your form and get your quote instantly online.
Three plans for different coverage needs
Olive offers three distinct plans, but they can be a little hard to find on the landing page. It took us some extra research to find it all:
- Complete Care: This comprehensive plan covers major vehicle components, including the engine, cooling, and fuel systems, transmission, various drive systems (four-wheel, all-wheel, front-wheel, and rear-wheel), suspension systems, steering, braking, air conditioning, electrical components, instrumentation, power group, luxury features, engine emissions, and safety systems.
- Olive Powertrain: This plan offers coverage for selected areas of the engine and various drive systems (four-wheel, all-wheel, front-wheel, and rear-wheel), excluding other vehicle components.
- Powertrain Plus: Positioned as a middle-tier option, this plan encompasses most components covered in the Complete Care plan, with some exceptions such as the oil filter adapter housing, fuel pressure sensors, engine oil cooler, and thrust arms.
Olive provides a clear and detailed chart on their website which outlines the specific components covered under each plan. Prospective customers are encouraged to review this chart carefully to determine the most suitable plan for their needs. For many vehicles, the Powertrain Plus plan is likely to be the most practical and cost-effective choice.
Go to any mechanic for your service
In the unfortunate event of a vehicle breakdown, you can simply head to your local service provider to address the necessary repairs with no limitations on the mechanic. Following this, you'll get in touch with your dedicated Olive Coverage Advocate, who will guide you through the process. Once everything is said and done, you're just responsible for paying the deductible and any expenses related to non-covered items. Olive, in turn, takes care of the remainder of the expenses, covering both parts and labor. Furthermore, if your vehicle requires towing to an auto shop, Olive offers reimbursement of up to $100 on your tow.
Cancel anytime
Olive prioritizes flexibility and customer satisfaction, allowing you to cancel your plan at any time. Since Olive operates on a monthly fixed pricing structure, discontinuing your subscription is straightforward and hassle-free. The company also offers a price-lock guarantee, so the price you agree to when you sign up is the price you'll pay the entire time you're with Olive: no sudden jumps in price due to outside factors.
Top scores across the board.
Olive operates under the umbrella of Repair Ventures LLC, an entity that has an impressive "A+" rating and accreditation from the Better Business Bureau. Plus, on third-party review sites, we found a host of satisfied verified reviews from happy customers. On average Olive is rated 4.5 out of 5 stars. Customers love the coverage and the attention to detail from the service representatives at Olive. The only downside is the limitation on which years are accepted for the auto warranties here.
Great solution despite limited manufacturing years
Navigating Olive is effortless thanks to their professional and transparent website, and with high ratings overall, this is one of the standout auto warranty options on our list. In the event that you need to reach out to customer service, Olive's team is ready to help. Olive consistently proves to be a reputable and dependable provider of affordable auto warranty plans, and we wholeheartedly recommend their services. The only downside of keeping Olive from the top two in this review is its limitation on years. You can only add cars that were built within the last 10 years, so any customers with older cars can't get help from Olive. If your car is covered within their parameters, however, Olive is definitely worth checking out.
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When you become the proud owner of a brand new car, you're often presented with the opportunity to add a warranty to your purchase to help protect your new daily driver. While purchasing a separate warranty is typically optional, it can be a worthwhile investment. Warranties provide a kind of shield to protect you from paying tons of money for an unforeseen problem with your vehicle down the road.
While dealerships often offer warranties on new cars, you might find yourself missing that same security on used models or something you've bought directly from a seller. In that case you might want an auto warranty which is essentially an insurance policy for your vehicle's operating systems.
Auto Warranty Plan FAQ
Continued from above...
You might be asking, how can an auto warranty help me? Does it make that much of a difference? Imagine this: you're cruising down the highway, windows down, enjoying the breeze through your hair, when suddenly, your engine sputters to a halt, or the electrical system goes haywire, or your steering locks up. What seemed like a normal daily drive is now a massive problem.
Aside from your personal safety, your second-most concern will be the looming costs of repairing whatever just went wrong. It's a horrible feeling, we know. Regardless of whether your vehicle is fresh off the assembly line or a seasoned classic with 100,000+ miles on it, mechanical problems or accidents can happen any time.
That's where auto warranties come in. Basically an auto safety net, these warranties allow you to pay a pre-determined and relatively modest fee, either in monthly installments or a lump sum, and offer you assurance that if one of the problems in the scenario above were to occur to you, you'll be protected from most (if not all) of the financial burden.
Auto warranties encompass a broad spectrum of potential malfunctions, including but not limited to those concerning the transmission (ouch!), engine, powertrain, heating/cooling systems, and various other vital components of your vehicle. Repairing (and/or replacing) any of these items can be extremely expensive, not to mention the frustration and anxiety that come when you have to deal with auto repairs.
For example, replacing a transmission costs thousands of dollars just for the parts. Then you need to worry about the mechanic's fees, which usually cos t at least as much as the parts. An auto warranty can make the difference between breaking the bank (or even looking for a new car), and keeping your trusty vehicle in top condition.
But with so many options out there it can be hard to know what auto warranty plans might work best for you. Don't worry, as your friendly (online) neighborhood car enthusiasts, we've checked out the best options for you. Here are a few factors that might help you make your decision:
- Price. The cost of an auto warranty plan is a huge part of making your decision. Make sure you check out and compare the pricing structures of multiple warranty plans. Is the plan's cost justifiable, especially if you're hoping not to need it for years to come? Make sure you get the maximum value for your money, and that the pricing schedule (one-time payment vs. monthly payments) is something you're comfortable committing to.
- Coverage. The type of coverage can also help you make your decision. Which components and potential issues are covered by the warranties? Is there a particular part of your vehicle you want covered? What is the coverage timeline? The last thing you want is to encounter a common problem with your car only to discover that it falls outside of the warranty you've been paying for.
- Reputation. Don't forget to evaluate a warranty provider's reputation. How seamless and supportive is the process for submitting a claim when the need arises? Can you rely on the warranty provider to stand behind you when you need their help? Checking out the company's reputation and reviews from past customers can give you a clear idea on who to trust to protect you and your vehicle.
To help you find the best warranty plan for your specific needs, Top Consumer Reviews reviewed and ranked the best auto warranty options online today. We want you to feel confident in the safety of your vehicle and know that should the need arise; your auto warranty will protect you and your car. We hope this helps take the stress out of auto ownership and get you back to enjoying the drive, whether you're commuting to work or taking a weekend beach trip with your windows down!
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