6 Most Reputable Extended Car Warranty Companies (July 2022)

• Extended auto warranties may also help you higher predict the prices of proudly owning a automotive and convey monetary peace of thoughts.
• Not all prolonged guarantee suppliers are reliable, so it’s essential to know the right way to choose a good prolonged automotive guarantee firm and keep away from scams.
• Endurance topped our record of essentially the most respected prolonged automotive guarantee corporations for 2022.

Affiliate disclosure: Automoblog and its companions could also be compensated if you buy the merchandise under.

An prolonged automotive guarantee ought to carry you peace of thoughts – predictable costs, a helpline when your automotive breaks down, and hassle-free visits to auto restore outlets. But not all prolonged guarantee corporations are created equal, and solely essentially the most respected prolonged automotive guarantee corporations are value your money and time.

We’ve in contrast a few of the greatest prolonged automotive guarantee corporations within the trade and located the six most dependable ones. It’s a good suggestion to verify prices from a number of corporations to check your choices earlier than buying, and this record will show you how to slender down the suppliers you possibly can belief.

What Makes An Extended Warranty Company Reputable?

A good prolonged automotive guarantee firm can give you worthwhile, easy-to-use protection. Unfortunately, not all automobile service contract suppliers are a superb worth or are reliable. But there are a number of standards you need to use to guage whether or not or not a guaranty supplier is one that you may rely upon.

Strong buyer satisfaction rankings

You can discover buyer evaluation scores for guarantee corporations on Trustpilot, Google, and the Better Business Bureau (BBB) web site, simply to call a number of. No one web site goes to provide the full image, so it’s greatest to learn opinions throughout a number of websites. For instance, we seen that buyer evaluation scores are typically decrease on the BBB as a result of clients go to this web site trying to resolve a problem.

A good guarantee supplier may have a number of favorable opinions. Look for mentions of a straightforward claims course of and supportive representatives as indicators that the corporate can be there for you if you want them.

And whereas a number of unhealthy opinions are to be anticipated for any firm, be careful for patterns in complaints. If you see various unfavorable opinions that constantly point out unhealthy enterprise practices akin to rip-off calling after requesting a quote, it may very well be a legit drawback.

Positive trade fame

Industry ranking organizations can provide you perception into how different professionals see an organization. We look carefully at how the BBB and monetary analyst AM Best price guarantee corporations.

An organization’s BBB ranking displays how properly it handles buyer complaints. A low ranking signifies that an organization is responsive and efficient in resolving points. If an organization has a low ranking it means they haven’t executed a superb job of coping with complaints. The BBB provides a proof of an organization’s ranking should you click on the textual content “reasons for rating” beneath the grade.

AM Best assesses corporations’ monetary energy within the type of a letter grade. We check out the underwriters guarantee corporations use to service claims on their contracts. Their AM Best grade tells us whether or not the underwriter is in ok monetary form to ensure claims payouts

Ease of use

You need to have the ability to simply use your protection if you want it. That is, in any case, why you purchased it. But not each firm makes it easy to make use of your protection. Customer opinions can provide you an concept of how straightforward an organization is to work with and the way rapidly they settle claims.

Whether or not an organization pays automobile restore outlets straight can also be an essential consideration. Some suppliers will lower a verify to the power, which means you’ll solely be answerable for the deductible when you have one. But others reimburse you after you’ve paid the invoice your self. 

Transparency

Claims denials are some of the widespread points within the guarantee trade. While respected prolonged automotive guarantee corporations make it clear what’s and isn’t lined, others cover key particulars within the positive print of your contract, akin to half specs and the size of your ready interval.

So when you ought to at all times learn each contract in its entirety earlier than signing, search for corporations that make their enterprise practices and their protection clear and simple to know.

Long-standing firm historical past

As the marketplace for automobile service contracts grows, so does the variety of suppliers. While there are actually some glorious automotive guarantee corporations which have jumped in in the previous few years, there are additionally loads simply trying to make a fast buck.

If an organization has been round for some time, it’s a superb signal that it has served clients properly and isn’t a ripoff. Newer corporations is likely to be an excellent choice however could require a bit of extra scrutiny in different areas.

Features of a Reputable Extended Car Warranty Company

Vehicle service contracts are an enormous buy. You wish to know that you may belief the supplier you join with. Here are some options that essentially the most respected prolonged automotive guarantee corporations are likely to have in widespread:

• Availability in most states
• Several years in enterprise
• 30-day money-back assure (or longer)
• Positive on-line interactions with clients
• Plans backed by dependable insurance coverage corporations
• Excellent customer support that’s straightforward to contact
• Sample automobile service contracts supplied on-line
• Endorsements and partnerships from trade leaders
• High ranking and accreditation from the BBB and different websites
• Extra perks like 24/7 roadside help, towing, gasoline supply, rental automotive reimbursement, journey interruption protection, and entry to numerous restore amenities

Our Picks for the Most Reputable Extended Car Warranty Companies

Extended warranties may also help you get monetary savings within the occasion of a mechanical breakdown. However, it may be tough to know which corporations to belief together with your hard-earned cash.

Our staff has reviewed quite a few guarantee suppliers and compiled an inventory of our high picks for essentially the most respected prolonged automotive guarantee corporations.

#1 Endurance: Best Overall

Maximum mileage restrict: 200,000+ miles
Availability: All states besides California
Benefits: Roadside help, rental automotive reimbursement, and Endurance Elite Benefits

What We Like About Endurance

Endurance stands out from the competitors as a direct provider. When you buy an prolonged auto guarantee by means of Endurance, it’s the solely firm you’ll take care of. While different suppliers could outsource their service groups or underwriting, Endurance administers its guarantee to drivers straight. This means there aren’t any middlemen in your claims course of or different customer support interactions.

Endurance Extended Warranty Plans

Endurance has six protection ranges to select from:

• Supreme: This is Endurance’s highest degree of protection. The Supreme plan is exclusionary, which implies it covers all automobile elements apart from an inventory of exclusions acknowledged in your contract. Exclusions embrace wear-and-tear objects like bulbs, fuses, wiper blades, brake pads, and brake sneakers. It’s most much like a producer’s guarantee.
• Superior: The Superior plan provides stated-component protection for a whole bunch of specified elements. It consists of your automotive’s most significant parts just like the engine and transmission, in addition to high-tech elements just like the navigation system.
• Select Premier: This plan is designed for high-mileage automobiles (over 150,000 miles). It consists of powertrain protection, in addition to air-con and electrical elements.
• Secure Plus: This guarantee covers most powertrain elements, in addition to air-con, steering, electrical parts, and extra.
• Secure: Endurance’s most elementary degree of protection, the Secure plan solely covers powertrain parts just like the engine, transmission, and drive axles.
• Advantage: The EnduranceAdvantage^TM plan offers protection for every type of automobiles, together with modified automobiles and salvaged or rebuilt automobiles. In addition to element protection, Advantage plans embrace scheduled upkeep for issues like oil adjustments and tire rotations. With the Advantage plan, you possibly can select from three ranges of element protection: Prime, Plus, and Preferred. The protection in these ranges roughly corresponds to the Secure Plus, Superior, and Supreme plans, respectively.

Endurance Warranty Benefits

Each plan comes with 24/7 roadside help, rental automotive reimbursement, and journey interruption protection. Drivers additionally get entry to Endurance Elite Benefits, which come free for one yr and embrace:

• Key fob restore or substitute as much as $500
• Repair or substitute of as much as two tires per yr (as much as $125 per tire)
• Up to $500 per lined collision ($1,000 restrict)
• Up to $1,000 towards a brand new automobile in case your automotive is totaled

Endurance Warranty Cost

Our analysis discovered that Endurance guarantee plans value between $2,500 to $3,900. That works out to about $90 to $105 per 30 days on common, relying in your automobile and the protection choices you select.

Endurance Ratings and Reviews

After 15 years in enterprise, Endurance is aware of about prolonged warranties. Its clients appear to approve of its protection, too, because it boasts an “Excellent” ranking on Trustpilot. That places it on the high of its class among the many most respected prolonged automotive guarantee corporations within the trade.

Although it at the moment has a C ranking from the Better Business Bureau (BBB) as a result of prior aggressive advertising ways, the corporate has a 3.4 out of 5.0-star buyer ranking with over 1,100 Endurance guarantee opinions. The firm’s sturdy observe report with customer support, its first-year buyer perks, and quite a lot of plan choices make it a stable alternative for many who worth a direct supplier.

#2 CARCHEX: Best for Used Cars

Maximum mileage restrict: 250,000 miles
Availability: All 50 states
Benefits: Roadside help, rental automotive reimbursement, and journey interruption

What We Like About CARCHEX

Driving an older automotive doesn’t have to chop prolonged warranties out of the image. Even in case your automotive’s manufacturing unit guarantee is within the rearview mirror, CARCHEX would possibly give you the chance that can assist you get protection.

In our CARCHEX evaluation, the corporate earned the title of Best for Used Cars as a result of it provides the highest-mileage guarantee of all the businesses we in contrast. With protection for automobiles with as much as 250,000 miles, there’s a superb likelihood that your older or used automotive might qualify for protection beneath a CARCHEX plan. The firm’s automobile safety plans can be found in all 50 states, which may’t be mentioned about most different prolonged automotive guarantee suppliers.

CARCHEX Extended Warranty Plans

Coverage choices with CARCHEX embrace:

• Titanium: This is the very best degree of protection supplied by CARCHEX. The Titanium plan is much like a bumper-to-bumper manufacturing unit guarantee and covers most automobile elements, with some exceptions that can be listed in your contract.
• Platinum: This plan covers a whole bunch of parts, together with all main automobile methods. It’s a slight step under the Titanium plan.
• Gold: The Gold plan is designed to offer complete protection for high-mileage automobiles (over 60,000 miles). It covers most main methods.
• Silver: A step above the lower-tier Bronze plan, this covers your automobile’s powertrain parts in addition to the air-con and choose electrical parts.
• Bronze: This is essentially the most fundamental and inexpensive degree of CARCHEX protection. It covers solely powertrain parts such because the engine, transmission, drive axles, and switch case.

CARCHEX Warranty Cost

Our analysis revealed that CARCHEX plans value round $3,000 on common. Monthly funds vary from $100 to $160 per 30 days, relying on the cost schedule. These vary from 18 to 24 months.

CARCHEX Ratings and Reviews

When it involves enterprise practices, CARCHEX ticks all of the packing containers. It is accredited by the BBB with an A+ ranking, and it has been in enterprise for 22 years, making it the oldest firm on our record. Industry giants like Kelley Blue Book, Edmunds.com, and CARFAX endorse CARCHEX, too. With its background and beneficiant mileage limits, we really feel assured that you may belief CARCHEX as some of the respected prolonged automotive guarantee corporations.

#3 Protect My Car: Best Maintenance Benefits

Maximum mileage restrict: 125,000 miles
Availability: All states besides Alaska, California, Hawaii, Missouri, Oklahoma, and Washington
Benefits: Roadside help, rental automotive reimbursement, and journey interruption

What We Like About Protect My Car

Extended warranties sometimes cowl repairs for elements primarily based on the plan you choose. But relating to common upkeep, you’ll nonetheless foot the invoice. Few prolonged guarantee corporations embrace upkeep, however Protect My Car consists of oil adjustments and tire rotations in prolonged guarantee protection and provides separate upkeep plans.

Protect My Car Extended Warranty Plans

Protect My Car service plan choices embrace:

• Supreme: This plan offers exclusionary protection for many automobile elements. It is much like a producer’s new automobile guarantee.
• Select: This is a plan designed for automobiles with greater than 50,000 miles. It covers many elements, however not the turbocharger or navigation system.
• Driveline: This is a powertrain guarantee for automobiles with greater than 80,000 miles. It covers powertrain parts such because the engine and transmission. This plan additionally covers the cooling system, air-con, electrical system, and timing chain.
• Ambassador Plans: Ambassador plans are supposed for older automobiles and canopy 50%–75% of most main repairs. These plans additionally embrace protection for scheduled upkeep like tire rotations and oil adjustments.

Protect My Car Ratings and Reviews

This is an enormous plus for Protect My Car that’s certain to win over many drivers. Based on Protect My Car opinions, the corporate’s clients appear principally pleased with their plans. Protect My Car has an A+ from the BBB and holds a 4.5 out of 5.0-star buyer ranking on the positioning with over 600 opinions. Trustpilot has over 2,000 opinions that lead to a 4.5 out of 5.0-star grade.

#4 Carshield: Most Affordable

Maximum mileage restrict: 300,000 miles
Availability: All states besides California
Benefits: Roadside help, rental automotive reimbursement, and journey interruption

What We Like About CARCHEX

Car house owners look to prolonged automotive warranties as a method to lower down on expensive restore payments and add predictability to their month-to-month budgets. We present in our CarShield evaluation that the corporate is likely one of the most inexpensive choices in the marketplace.

CarShield doesn’t skimp on prolonged automotive guarantee plans simply because it has low costs. There are six ranges of protection to select from, akin to bumper-to-bumper guarantee and powertrain plans, high-tech protection, and specialty protection for all-terrain automobiles and bikes.

CarShield Extended Warranty Plans

CarShield sells guarantee plans administered by different corporations akin to American Auto Shield. The firm’s protection ranges embrace:

• Diamond: This plan is most much like a producer’s bumper-to-bumper guarantee. It covers the vast majority of automobile elements, with typical exclusions for wear-and-tear parts akin to wiper blades, brake pads, fuses, and bulbs.
• Platinum: This plan protects your automobile’s engine, transmission, air-con, electrical system, starter, water pump, gasoline pump, and extra. It is designed for automobiles too outdated to qualify for Diamond protection.
• Gold: The Gold plan is a mid-level plan providing good all-around protection for main elements. Parts lined embrace the engine, transmission, water pump, alternator, starter, air-con, and energy home windows.
• Silver: The most inexpensive plan supplied by CarShield, it covers all lubricated elements in your engine, transmission, and water pump.
• Aluminum: This is a specialty protection plan for electrical and pc elements such because the engine management module, starter, alternator, navigation, and electrical system.
• Motorcycle and ATV: In addition to the choices talked about above, CarShield provides specialty contracts to cowl bikes and ATVs.

CarShield Warranty Cost

Based on the quotes we acquired CarShield shouldn’t be costly. In truth, at a variety of $89 to $130 per 30 days, CarShield service contracts are a few of the least costly in the marketplace.

CarShield Ratings and Reviews

While CarShield’s BBB grade is low, many corporations select to not deal with complaints or pay for accreditation on the positioning. The firm has 1000’s of opinions on Trustpilot and Google, with 4.0 out of 5.0 stars on the previous and 4.1 out of 5.0 stars on the latter.

#5 autopom!: Best Customer Service

Maximum mileage restrict: 150,000 miles
Availability: 50 states
Benefits: Roadside help, rental automotive reimbursement, and journey interruption, plus tire safety on some plans

What We Like About autopom!

An prolonged guarantee is usually a problem should you don’t get an excellent customer support staff to assist you through the claims course of. Fortunately, autopom! is thought for its wonderful customer support representatives who advocate for patrons who really feel their automotive restore claims had been unjustly rejected.

autopom! Extended Warranty Plans

With autopom!, there are 4 ranges of protection:

• Exclusionary: This plan covers just about all mechanical and electrical parts in your automobile. There is a brief record of exclusions for objects akin to wiper blades, upholstery, brake pads, bumpers, trim, and bulbs.
• High-Level: This plan covers a variety of elements, such because the powertrain, steering, suspension, braking, air-con, cooling, gasoline, and electrical methods.
• Mid-Level: This plan covers many automobile elements, together with the powertrain, steering, braking, air-con, and electrical system.
• Powertrain Plus: The most inexpensive and fundamental degree of protection, this plan covers very important parts such because the engine, transmission, drive axle, and air-con.

autopom! Warranty Cost

Based on the quotes our staff acquired, autopom! prolonged warranties value between $2,600 and $3,800, relying on the automobile and protection ranges. This works out to between round $100 and $135 when break up into month-to-month funds.

autopom! Ratings and Reviews

The success of this method exhibits in autopom! opinions on Trustpilot and the BBB, on which autopom! additionally has an A+ ranking and accreditation. Even although autopom! has solely been round for 11 years, it has confirmed in that point to be a good prolonged automotive guarantee firm.

#6 Olive: Best Online Warranty

Maximum mileage restrict: 185,000 miles
Availability: 50 states
Benefits: Towing reimbursement, rental automotive reimbursement

What We Like About Olive

Olive.com is a newcomer to the prolonged guarantee trade and started by providing California drivers mechanical breakdown insurance coverage in 2021. Even although it’s model new, the corporate’s contemporary method and distinctive perks place it among the many trade’s most respected prolonged automotive guarantee corporations already.

There are a pair issues that set Olive aside. First, the corporate’s web site is user-friendly, presenting clear details about guarantee plans and the way to enroll in one. But the principle benefit Olive has over its rivals is its subscription-based billing system. This system permits clients to cancel their guarantee plans at any time.

Olive Extended Warranty Plans

Here are the three ranges of protection Olive provides:

• Complete Care: Olive’s highest degree of protection provides complete, exclusionary protection in your automobile. It’s much like bumper-to-bumper protection.
• Powertrain Plus: This plan covers the identical main methods because the powertrain plan together with many further acknowledged parts, such because the gasoline pump.
• Powertrain: Olive’s most elementary protection plan protects your automotive’s drivetrain and most essential – and costliest – main methods.

Olive Warranty Cost

Olive warranties fluctuate significantly when it comes to value as a result of variations in automobiles and protection ranges. Plans with Olive vary from round $650 to almost $5,500 in whole. That interprets to a variety of round $20 to round $85 per 30 days.

Olive Ratings and Reviews

And whereas Olive is new, its underwriter, QBE, is a longtime world insurer and guarantee supplier that holds an A monetary energy ranking from AM Best. Olive additionally has accreditation and an A+ ranking from the BBB. Customers on Google give it a formidable 4.6 out of 5.0 stars.

How To Use An Extended Car Warranty

Reputable prolonged automotive guarantee corporations ought to stroll you thru the claims course of if you’re shopping for an auto safety plan. While it might not be the identical for each firm, right here is an summary of how repairs are sometimes dealt with:

1. Pick a restore facility: If you expertise a mechanical breakdown for a lined element, you possibly can take the automobile to a restore store inside the supplier’s community.
2. Have the automobile assessed: A technician will diagnose the automobile to search out the defective half. At this time, you also needs to give the contact info in your guarantee supplier.
3. An administrator will evaluation the declare: After the issue is identified, a claims administrator will evaluation the declare to confirm the restore is roofed beneath your guarantee plan.
4. Pay your deductible: If the restore is authorised, you’ll then pay your deductible. Some suppliers provide $0 deductibles for work carried out at choose amenities, however most deductibles are round $100.

Of course, there are occasions {that a} guarantee received’t cowl a restore. Most suppliers don’t substitute widespread wear-and-tear elements like windshield wipers or carry out oil adjustments. Additionally, warranties sometimes don’t pay for injury from an accident or something lined by your automotive insurance coverage.

Manufacturer Extended Warranty vs. Third-Party Extended Warranty

These days, many automotive manufacturers provide their very own prolonged guarantee packages. Your automotive’s producer could provide a guaranty plan if you purchase it. These guarantee plans sometimes make sure that your automotive can be labored on by brand-certified mechanics utilizing OEM elements. However, there’s one large sticking level – most of those warranties require you to go to an official dealership for repairs.

Independent guarantee suppliers, however, provide versatile protection plans and allow you to select when to buy protection. They even have bigger restore networks in comparison with protection from the producer. 

That mentioned, there isn’t any assure that each one your repairs can be lined beneath the guarantee. You additionally run the danger of buying protection you might not use, so the selection is finally as much as the automobile proprietor.

How to Avoid Car Warranty Scams

While respected prolonged automotive warranties provide high quality, reliable protection, not all guarantee suppliers stay as much as their promise. Some corporations present protection that’s tough to make use of and others are principally simply scams trying to make a fast buck. There are, nonetheless, methods you possibly can defend your self.

Look At Industry Ratings

Ratings from skilled organizations are a superb place to start out investigating an organization. The BBB charges corporations primarily based on how they deal with complaints from clients. Their ranking of a guaranty firm can provide you a clue as to how straightforward an organization is to work with. A poor ranking from the BBB and particularly any alerts are a transparent signal you would possibly wish to search for one other supplier.

Read Customer Reviews

Other clients is usually a nice supply of details about an organization and the expertise of working with them. It’s regular for corporations to have a number of unhealthy opinions right here and there. But a excessive proportion of unfavorable opinions in comparison with optimistic ones is a pink flag, as are any constant patterns famous in unfavorable opinions.

Avoid Warranty Phone Scams

Warranty telephone scams have sadly harm the fame of even respected prolonged automotive guarantee corporations lately. The Federal Communications Commission (FCC) reviews that there are a selection of ongoing automotive guarantee scams by which somebody calls a automotive proprietor to inform them their guarantee is about to run out and provides to promote them protection.

The callers usually pose as workers from a good firm and might use publicly-available details about your automotive to attempt to persuade you that they’re legit. Scammers in these calls need to receives a commission out or just to gather extra private info.

If you wish to buy a service contract, attain out to suppliers your self. Don’t belief a chilly gross sales name over the telephone.

Is an Extended Warranty Worth It?

If you’re weighing the professionals and cons of prolonged automotive warranties, it’s best to take into account how lengthy you intend on retaining your automobile. Coverage from the automaker sometimes solely lasts a number of years. Some, just like the Hyundai guarantee, provide complete bumper-to-bumper protection of as much as 5 years or 60,000 miles, however most final round three years or 36,000 miles.

Factor in your automobile’s reliability, its commonest repairs, and your private funds. Can you afford to pay for these repairs out of pocket? Or, does a month-to-month cost plan that allows you to price range out shock restore prices provide peace of thoughts?

Bottom Line: Reputable Extended Car Warranty Companies

With so many choices in the marketplace for prolonged automotive warranties, it may be arduous to know who’s the most effective within the enterprise. Our staff did intensive analysis on the most effective prolonged automotive guarantee corporations and ranked them primarily based on trade standing, protection, affordability, and customer support.

Endurance and CARCHEX scored the very best in our opinions, however the most effective firm for you’ll rely upon what sort of protection you want and the way a lot you wish to pay. That’s why we at all times advocate purchasing round and getting free quotes from a number of suppliers.

You can even learn a comparability of those suppliers in our Endurance vs. CARCHEX evaluation. However, any of our picks for essentially the most respected prolonged automotive guarantee corporations are an excellent place to start out your seek for the most effective protection.

FAQ: Reputable Extended Car Warranty Companies

Our Methodology

Our skilled evaluation staff takes satisfaction in offering correct and unbiased info. We recognized the next ranking classes primarily based on shopper survey information and performed intensive analysis to formulate rankings of the most effective prolonged auto guarantee suppliers.

• Affordability: A wide range of components affect value, so it may be tough to check quotes between suppliers. Our staff performs ongoing secret shopper analyses for various automobiles, mileages, guarantee plans, and places to provide this ranking.
• Coverage: Because every shopper has distinctive wants, it’s important {that a} automotive guarantee firm provides an array of protection choices. We consider the variety of plans supplied by every supplier, time period limits, exclusions, and extra advantages.
• Industry Standing: Our staff considers Better Business Bureau (BBB) rankings, availability, and years in enterprise when giving this rating.
• Customer Service: Reputable prolonged automotive guarantee corporations function with a sure diploma of look after customers. We consider buyer opinions, BBB complaints, and the responsiveness of the customer support staff.