Auto Warranty Miami FL
When you're looking for protection for your car It is recommended to search for reputable extended car warranty firms. You shouldn't deal with a business that has bad business practices or a unsatisfactory service to customers.
Our review team has compared dozens of providers to find the most reliable extended car warranty companies, all of which also ranked highly in our top extended warranty 2022 review (see the methodology below). We'll examine each company in detail, focusing on the business practices of each and their reputation. We'll also touch on what constitutes a reputable company and how to select the best one for your requirements.
What is the criteria that make an extended warranty company trustworthy?
Any reliable and trustworthy extended warranty company in 2022 must be able to tick the following boxes:
Strong industry reputation
We consider AM Best and the Better Business Bureau (BBB) and AM Best when considering a company's standing in the industry. The BBB assesses businesses based for their ability to respond to and settle customer issues. If a business has an excellent BBB rating it's likely that it effectively communicates with contract holders in a timely manner.
Some companies work with vehicle service contract underwriters to guarantee claims payouts. To check the underwriters' financial stability ratings, we check AM Best, which rates an organization's ability to pay claims and to manage risks.
Certain extended warranty providers like Carchex, are also endorsed by leading companies in the industry. These partnerships are an indication of a reputable service.
Excellent customer satisfaction ratings
It is important to note that the BBB, Google and Trustpilot all offer customer reviews for extended warranty companies. We recommend using several review sites when deciding on the right provider. It's not unusual to find low scores for customer reviews on the BBB, as customers looking to settle their complaints are more likely to post reviews on this site.
Positive reviews from customers can be a good way to gauge how you'll be treated by an extended warranty company. Look for companies with reviews that speak of a swift claims process , and friendly service representatives. Also, avoid companies that customers say practice poor practices, such as fraudulent calls and false advertising.
Transparent business practices
Many reputable extended car warranty companies offer the opportunity to view sample contracts on the internet so that customers can read coverage details prior to signing on the dotted line. The most common complaint among contract holders is claims denials.
By selecting a company which is able to provide information on its contracts, you'll be better equipped to be aware of what is not covered. But, it is important to take the time to read the fine print irrespective of which provider you select.
Long-running history of the company
In our study, we've discovered that the best, most reputable firms have been operating for more than a few years. The industry of warranty is extremely competitive, which makes it simple for businesses to change their minds and go, particularly in the event of negative customer reviews or fraudulent business practices.
Ease of use
It's also crucial to find the right service plan that's user-friendly. Does it cover the repair facility directly? Do you have additional benefits such as roadside assistance and rental car reimbursement? Are there a 30-day money-back guarantee in case you decide to change your mind? All of our recommendations offer these benefits.
A reputable extended warranty for cars. company
In determining the top five reliable extended warranty providers available we looked at the elements above, as well as the cost and choices for coverage. After researching auto warranty companies throughout the industry, Endurance, Carchex, Protect My Car, CarShield and autopom! were the top picks for reliability
#1 Protect My Car: Most Maintenance Plans
Accessibility: All states except Alaska, California, Hawaii, Missouri, Oklahoma and Washington The maximum mileage limit 125,000 miles
Additional benefits Help with roadside issues rental car reimbursement, trip interruption trip interruption
Protect My Car holds some of the highest customer review scores for any warranty company. The company is awarded an A+ rating with the BBB as well as a 4.5-star customer review score at the time of the publication. Customers weighed in on Trustpilot and gave it an average for 4.5 ratings with over 2,300 reviews.
Protect My Car's employees are recognized with the Association of Certified Vehicle Protection Professionals (ACVPP). The certification is based the ethical conduct of business and consumer protections, as well as and the Magnuson-Moss Warranty Act and more. According to the Federal Trade Commission Magnuson-Moss's Warranty Act "requires the manufacturers of consumer goods to provide consumers with specific information about warranty coverage."
Customers of Protect My Car frequently have positive reviews about their service staff and the simplicity of the claim process.
Protect My Car extended warranty plans
Protect My Car offers three options for coverage, and they could last for up to 10 years/125,000 miles. This includes:
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Secure My Car Plan |
What Does It Cover |
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Supreme |
Similar coverage to the vehicle's original factory warranty |
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Select |
Ideal for vehicles with more than 50k miles. It also provides coverage just a little less than the Supreme plan. |
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Driveline |
Powertrain protection for cars between four and 10 years old with more than 100,000 miles |
Protect My Car also has five prepaid maintenance programs called Ambassador Maintenance Plans. The Ambassador Maintenance Plan covers a combination of repairs to cars and regular maintenance.
Average cost of an extended warranty on a car
On average, an extended warranty for a car cost between $1,500 and $3,500. According to our consumer survey, about 67% of respondents were willing to pay between $1,500 and $2,500 for an extended warranty. Extended warranty costs depend on the vehicle you own which is why the comparison of quotes will help you to get the best price.
Is an extended warranty worth it?
Extended warranties can be worthwhile for many car owners, but it's important to take into account your specific situation when choosing the right contract. If you own a reliable car or plan to sell it prior to when the manufacturer's warranty expires, a car protection plan might cost more than the price. This is also true for drivers with savings set aside for auto repairs.
However, you should think about adding coverage if the following situations apply to you:
You'd like peace of mind
Vehicle repairs can be costly to pay out of pocket. Once your manufacturer's warranty expires, you're financially responsible for any electrical or mechanical breakdowns. Extended warranties foot the bill for covered repairs, easing anxieties about the possibility of future issues.
You want a predictable auto budget
When you purchase a service contract in advance or through a monthly payment plan, or as part of the financing of your vehicle and insurance, you're not responsible for unexpected repair costs in the event of an unexpected mechanical breakdown.
You're planning to have your vehicle for a long period of time
According to research by the IHS Markit IHS Markit, the median age of light vehicles that are operable across the U.S. was 12.1 years in 2021. Since the majority of bumper-to bumper warranties expire after 4 years or 50,000 miles it is possible to drive unprotected for more than 50% of its lifespan.
It is important to think about your vehicle's repair costs. The higher the amount you are likely to be charged for repairs, the more likely you will be to benefit from extended warranty coverage. Here are some average annual repair costs for popular automakers, according to RepairPal:
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Car Brand |
Average Annual Repair Cost |
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Honda |
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Acura |
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Lexus |
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Subaru |
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Ford |
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BMW |
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Land Rover |
What are consumers saying about the market?
Our team surveyed 1,000 people who have had the experience of purchasing or searching for an extended car warranty plan. Of this sample, about 75% had bought a dealership extended warranty 44% purchased an extended warranty through a third-party.
Survey respondents said pricing was the primary factor, followed by the duration of the warranty and levels of coverage. Overall, 64% of the respondents were happy with their extended warranty and 13% of them said they were neither satisfied nor dissatisfied.
On the contrary 13% said that they were unhappy with the warranty. Some said the vehicle warranty didn't cover anticipated repairs Some were concerned that the company tried to defraud customers of making repairs.
Should you consider an extended warranty from the dealership?
Alongside reputable extended car warranty providers Drivers can also purchase insurance from their vehicle manufacturers. Because these agreements are typically guaranteed by the car manufacturers themselves, they could lessen the buyer's anxiety regarding reliability.
Manufacturer contracts guarantee certified technicians trained by factory and use of authentic parts to repair. However, they also have a few restrictions, including:
Limited repair shop choice
Many manufacturers require that their drivers visit the dealer or repair center with a brand name to receive repair. Although this might not sound like a big deal, some automakers have relatively few dealerships nationwide. For example, there are only about 100 MINI dealerships throughout the U.S.
Expensive vehicle service contracts
You could face dealer markups on top of the contract's price if you purchase manufacturer-backed protection.
Fewer options for coverage
Typically, companies only offer one to three car protection plans. In accordance with your needs, you may purchase too little coverage or purchase coverage that isn't needed.
What to know before buying an extended warranty offered by a third party
Through a third-party guarantee, an outside company other than your vehicle's manufacturer covers certain repairs. The major benefit is that it's generally less expensive than an extended warranty from the manufacturer.
A third-party plan might or might not cover original equipment manufacturer (OEM) spare parts. If you go to an agent and buy OEM components, then you could be required to pay a percentage of the repair cost depending on the terms of the contract.
The most reputable extended car warranty providers will reimburse the repair shop directly, so all you have to pay for is your deductible. Some less reliable providers may have you pay upfront for repairs and submit receipts for reimbursement, so watch out for these companies.
Go through the contract carefully before buying the plan. Find the specifications for:
Limits to the coverage of the labor rate
What exactly is mechanical failure?
Maximum payout per contract
OEM Parts Coverage
Periods of waiting or inspections are necessary prior to coverage
Maintenance documentation is needed
Emergency repair procedures
Cancellations and contract transfers
Additionally, all extended warranty contracts have exclusions. These can include specific parts, such as cosmetic items or emissions components, and maintenance items such as brake pads or oil changes. Understand what isn't covered to ensure you don't get disappointed later on. One of the top complaints about extended warranties is the fact that repairs aren't being covered.
Sometimes, a business doesn't provide a repair that is valid. In many instances, the contract clearly excludes the repair in question. Check the fine text, and don't rely on salespeople to explain every clause you're not aware of.
Are you able to purchase an extended warranty following the purchase of the vehicle?
Some dealers allow customers to purchase an extended warranty prior to when your warranty ends, whereas others require that you purchase it at the time you purchase a new vehicle. However, most third-party providers sell plans for used vehicles that are not covered by the warranty period that is provided by the manufacturer.
How can I cancel an extended warranty on a car
If you wish to cancel an extended warranty, you will need to contact the contract administrator, and then submit the cancellation request in writing. You might also have to present a notarized statement. Most reputable extended warranty companies provide 30 day money-back guarantees as well as prorated refunds beyond that point.
What is the best warranty provider for you
If you are considering extended warranty for your car providers, you should compare quotes. That way, you can ensure you find the right coverage plan that is within your budget.