Although the company behind it has been in operation for quite some time, Olive is a relatively new company in the world of extended car warranties. Customers get quotes and buy warranty coverage online, so there are no phone waits or calls with real people involved. Olive doesn't require a waiting period of more than 30 days for new customers like many other companies do. On the other hand, Olive clearly states that it does not cover pre-existing conditions in cars and covers parts that fail due to abuse or neglect.
When purchasing a CarShield plan, customers must wait 500 miles and at least 20 days before filing a claim. The company does not cover pre-existing problems, so a waiting period is established to avoid covering the problems that the car had previously. That said, most people report that they have no problems with the claims process and the company is clear about what it covers and what it doesn't. Cancelling is also easy, and CarShield will refund the purchase in full if the plan hasn't been used within 30 days.
Getting a quote from CarShield is difficult and requires calling the company or accepting a call. The company requires that the caller provide personal information to a representative before transferring it to another representative. It's a misstep by an otherwise solid company. Endurance offers several coverage options, from basic to exclusive, and there are specialized plans for vehicles with more miles.
The company also sells a plan to cover breakdowns and regular maintenance. It is available in three levels, each with a list of included and excluded components. Customers can add coverage for vehicle modifications and technical components, and some plans don't offer any waiting period. Carchex is one of the best-known companies in the field of extended warranty.
It offers five levels of coverage for several vehicles, so there are more specific options for people with different needs. In addition, Carchex offers several benefits and add-ons that increase the value and convenience of its guarantees. The company allows customers to choose their repair shop and offers a 30-day money-back guarantee. Carchex is an open and mostly transparent company, but it is firmly rooted in the tactics of old-school guarantee companies.
Prospective customers can submit a quote request online and get basic information, but to get a real quote, the company requires a phone call and provide some personal details. The good news is that Carchex's phone representatives are among the best in the industry and seem genuinely happy to talk about cheaper or less comprehensive coverage options. Concord Auto Protect is another direct service provider, so their plans are managed in-house. The company offers three simple coverage options that include powertrain coverage at the most basic level.
The best Premium plan offers coverage for the vehicle's technology, heating and air conditioning, fuel system, brakes and suspension. Concord is also transparent and open about what is covered, and provides a clear list of components not covered. Variety is the spice of life, and it's very useful when buying a warranty for your car. We look at the number of plans available from each provider and how the covered components are distributed among them.
In addition, we asked each company how the availability and coverage of their policies change as cars age. For example, how much more expensive or restrictive is a warranty for a car with 150,000 miles than for one with 50,000?. When buying vehicle protection, it's best to look for reputable extended warranty companies for cars. You don't want to work with a company with poor business practices or an irregular customer service history.
The Guides Auto team compared dozens of suppliers to find the five most reputable extended car warranty companies available, all of which ranked high in our best extended car warranty review (see the methodology below). We'll look at each supplier in detail, focusing on business practices and industry reputation. We'll also discuss what makes a company have a good reputation and how to choose the right supplier for your needs. Many reputable extended car warranty companies offer examples of contracts online so that customers can read the details of the coverage before signing them on the dotted line.
A common problem among contract holders is claim denials. In addition to having reputable extended warranty companies for cars, drivers can purchase coverage from the manufacturers of their vehicles. Because these contracts are often backed by the car manufacturers themselves, they can reduce buyers' anxiety about reputation. The most reputable extended auto warranty companies will pay directly to the repair shop, so all you have to pay is your deductible.
Some less reputable vendors will require you to pay for repairs in advance and to submit reimbursement receipts, so be careful with those companies. You'll need to make sure to look for reputable extended car warranty companies to avoid potential scams. Those are a better option than lesser-known brands that claim to have guarantees for all brands. If you're concerned about potential road breakdowns, an extended warranty for your car can give you the peace of mind you need.
These are generally less comprehensive than the bumper-to-bumper warranty and powertrain coverage offered during the first few years of a car's life, but they do cover many parts. With a GM Extended Protection Plan, you don't need to carry special documents or membership cards. While reputable extended car warranty companies can offer decent coverage at good prices, some extended car warranties are little better than warranty scams, as they take customers' money and don't provide adequate service. Vehicle owners who would have their monthly budget altered by a high cost of repairing the vehicle can find good value for money in CarShield.
The following sections provide more detailed information on the most reputable extended auto warranty companies and their extended warranties, including each vendor's coverage, cost, customer experience, and industry reputation. To be included in the list of the best car warranty companies, it is necessary to comply with the standard of a more comprehensive classification system for car warranty services, including coverage plans, pricing, customer service and ease of use during the claim process (through the self-service of an application or website). When you purchase a contract at a dealership, you also have limitations as to where you can perform repairs, which usually means taking your vehicle to the dealer's repair shops. On the other hand, 15 percent of respondents don't trust the purchase of an extended warranty from a third-party auto warranty provider, and 2.7 percent say they don't trust it at all.
CARCHEX markets vehicle service contracts from a network of administrators backed by insurance companies with A and A+ ratings. Mercury Insurance Company was founded in 1961 and offers a variety of insurance products to cover everything from your home to your car to your business. .
