How Much Does it Cost to Get a Car Warranty?

Learn about extended car warranties and how much they cost. Find out what factors affect the cost of an extended car warranty and how to compare different plans.

How Much Does it Cost to Get a Car Warranty?

CarShield offers service plans for vehicles, which are similar to extended warranties and cover the cost of repairs to automotive systems and mechanical parts.

Car warranties

can be a great choice if you have an unreliable vehicle and your budget is too tight to afford a new car or cover a major and expensive repair. The length of the warranty varies by manufacturer, but many offer full warranties of three years or 36,000 miles, whichever comes first. According to the Federal Trade Commission (FTC), extended warranties are service contracts, not guarantees as defined by law.

If your car isn't very reliable and you don't have the financial means to pay for repairs or replace it yourself, it might be worth paying a higher upfront cost for protection through an extended warranty. Research shows that extended warranty coverage is the most important factor for consumers, followed by cost and customer service. For more information, check out the WalletHub guides on insurance against mechanical breakdowns and extended warranties. Generally speaking, used car warranties cost more than regular extended warranties because used cars have more miles than new cars and are more likely to have mechanical problems.

If you want to compare the cost of industry-leading extended warranty plans for powertrain systems, take a look at the table below. In addition, the cost of repairs among respondents who used the warranty was generally lower than the cost of the warranty. However, dealers tend to increase the cost of extended warranties in order to make a profit.

Extended car warranties

allow you to continue to cover unexpected repairs in exchange for a down payment or monthly payment. Vehicle service plans are offered by auto insurance companies, while extended warranties are generally sold by dealers or third-party companies.

Once your coverage ends, you'll be responsible for the full cost of the repair shop bill, unless you decide to extend your coverage. The AAA Extended Warranty Program is called the AAA Vehicle Protection Plan and covers the cost of engine, transmission, suspension, steering, and brake repairs, among other things. If you're considering getting an extended car warranty, it's important to do your research and compare different plans before making a decision. Make sure you understand what's covered in each plan and what's not covered. You should also consider how much coverage you need and how much you can afford to pay for it.

It's also important to read customer reviews and ratings before signing up for any plan. The cost of an extended car warranty will depend on several factors such as the make and model of your car, its age and mileage, as well as the type of coverage you choose. Generally speaking, extended car warranties can range from $500 to $2,000 or more depending on these factors. It's important to shop around and compare different plans before making a decision. An extended car warranty can be a great way to protect yourself from unexpected repair costs. It can also give you peace of mind knowing that if something goes wrong with your car, you won't have to pay out of pocket for expensive repairs.

However, it's important to do your research and compare different plans before making a decision.

Célia Peals
Célia Peals

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