Endurance, ForeverCar, Olive, CarShield and CARCHEX are the top providers of extended warranties for cars. These companies are renowned for their coverage, cost, transparency, service and reputation. Elite plans don't usually cover vehicle maintenance costs, but Endurance Advantage plans do. This plan offers one year of free Endurance Elite benefits plus regular annual maintenance such as engine diagnostic tests, tire rotations, alignment checks and up to three oil and filter changes.
Endurance contracts include a consequential loss clause which means that the company will only cover the components specified in the contract and not any incidental or consequential damages such as loss of time or transportation. The good news is that you can repair your car in any workshop certified by the ASE, so you're never too far from having your car fixed. It's important to check when the plan takes effect and how it compares with any remaining coverage from the automaker's factory warranty which can last for many years, especially on major components.The AAA Vehicle Protection Plan is a service plan for vehicles offering the same coverage as an extended warranty. It's best to wait until the manufacturer's warranty is about to expire before deciding if you want to pay for an extended warranty.
An extended auto warranty covers the cost of unexpected repairs to a variety of components depending on the plan you choose. It's important to note that these guarantees should not be confused with car insurance which can help you pay for repair costs due to an accident.It's impossible to determine exactly how much a service contract or extended warranty will cost as there are too many factors involved. Be wary of buying an extended warranty from someone who calls you unsolicited as these offers are often scams. Most warranty providers will offer several levels of service and what those service levels cover varies greatly from plan to plan.
Paying for an extended car warranty on a monthly plan is very common and is something that most providers offer.