Auto Warranties Long Island FL
When you're looking for protection for your car It is recommended to search for reputable extended warranty providers. You shouldn't deal with a business that has poor business practices or a poor customer service track record.
Our review team has evaluated many providers to determine the most reliable extended car warranty companies, all of which also were highly rated in our most comprehensive extended warranty 2022 review (see methodology below). We'll examine each company in detail, focusing on business practices and industry reputation. We'll also discuss the factors that make a business reputable and how to pick the right provider for your requirements.
What is it that makes an extended warranty company trustworthy?
Any reliable and trustworthy extended warranty company in 2022 ought to be able to tick the following boxes:
Strong industry reputation
We turn to AM Best and the Better Business Bureau (BBB) and AM Best when considering a company's industry standing. The BBB assesses businesses based on their ability to respond to and settle customer issues. If a provider holds a high BBB rating, there's a good chance it communicates effectively with contract holders on a timely basis.
Some providers work with vehicle service contract underwriters to guarantee payouts for claims. To assess the strength of these underwriters' financial ratings, we look to AM Best, which rates a business's financial ability to pay claims and to manage risks.
Certain extended warranty providers like Carchex are also endorsed by industry-leading companies. The presence of prominent partnerships is a mark of a reputable service.
Excellent customer satisfaction ratings
There are three review sites: the BBB, Google and Trustpilot all provide customer review scores for extended warranty companies. We recommend using multiple review sites when deciding on the right provider. It's not unusual to find low customer review scores on the BBB since customers who are looking to settle their complaints tend to leave reviews on this website.
Positive customer reviews can be a good method to determine how you'll be treated by an extended warranty provider. Check for reviews that mention a quick claims process and helpful customer service representatives. Also, beware of companies that customers say practice poor habits, like fraud calls and misleading advertisements.
Transparent business practices
A number of reputable extended warranty companies have samples of their contracts online, so that customers can look over the details of their coverage before signing the contract. The most common complaint for contract holders is denials of claims.
If you choose a service that readily offers information about the terms of its contracts, you'll be better equipped to be aware of what is not covered. However, you should always read the fine print regardless of the provider you choose.
Long-standing company history
Based on our study, we've discovered that the top, most trustworthy firms have been operating for more than a couple of years. The industry of warranty is extremely competitive, making it easy for companies to move and go, especially in the event of negative reviews from customers and have shady business practices.
User-friendly
It's also important to find an insurance plan that is easy to use. Does it reimburse the repair center directly? Are there additional benefits, such as assistance for roadside repairs and rental vehicle reimbursement? Are there a 30-day money-back guarantee to use if you are not satisfied? Each of our suggestions offers these advantages.
The most reputable extended car warranty company
When we were determining the five most reliable extended warranty providers available We looked at the factors previously mentioned, along with cost and the options for coverage. After analyzing insurance companies in the market, Endurance, Carchex, Protect My Car, CarShield and autopom! were the top picks for reliability
#1 Make My Car Safe: The majority of Maintenance Plans
Accessibility: All states except Alaska, California, Hawaii, Missouri, Oklahoma and Washington Highest mileage limit: 125,000 miles
Extra benefits: Roadside assistance rental car reimbursement trip interruption
Protect My Car holds some of the highest customer review ratings of any extended warranty company. It is a BBB A+ rating from the BBB as well as an 4.5-star consumer review rating at the time of the publication. Customers have weighed in on Trustpilot to rate the company an average for 4.5 stars with more than 2300 reviews.
Protect My Car's employees have been certified with the Association of Certified Vehicle Protection Professionals (ACVPP). The certification focuses the ethical conduct of business in the field of consumer protections, the Magnuson-Moss Warranty Act and more. As per the Federal Trade Commission Magnuson-Moss's Warranty Act "requires warrantors of consumer products for consumers to offer detailed information about warranty coverage."
Customers of Protect My Car frequently report positive experiences with their service staff and the ease of the claims process.
Protect My Car extended warranty plans
Protect My Car offers three choices of coverage that could last for up to 10 years or 25,000 miles. They include:
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"Protect My Car Plan |
What it covers |
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Supreme |
Similar to that of the original factory warranty on the vehicle. |
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Select |
The best choice for vehicles that have more than fifty thousand miles. Coverage is just a little less than the Supreme plan |
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Driveline |
Protection of the powertrain for vehicles that are between 4 and 10 years old , with more than 100,000 miles |
Protect My Car also has five pre-paid maintenance programs known as Ambassador Maintenance Plans. A Maintenance Plan includes a mix of car repairs as well as regular maintenance.
Cost of an extended car warranty
An extended warranty for a car cost between $1,500 and $3,500. Based on our survey of consumers that found 67% of those who responded were willing to pay between $1,500 and $2,500 to get an extended insurance. Extended warranties are determined by the model of your car which is why comparing quotes will allow you to get the best price.
Does an extended warranty really make it?
Extended warranties are a good option for many car owners, but it is important to think about your specific situation when choosing a contract. If you own a reliable vehicle or plan to sell it prior to when the factory warranty expires, then a protection plan might not be worth the price. It is the same for drivers with savings set aside for auto repairs.
But, you must consider added coverage if the following scenarios apply to you:
You want peace of mind
Repairs to your vehicle can be expensive to pay out of the pocket. When the manufacturer's warranty expires, you're financially responsible for any mechanical or electrical malfunctions. Extended warranties cover the cost for repairs covered, alleviating anxiety over future issues.
You want a predictable auto budget
If you pay for a car service contract in advance, through a monthly payment plan, or as part of the financing of your vehicle, you're protected against paying for unexpected repair costs following an unexpected mechanical malfunction.
You plan on owning your vehicle for a lengthy time
According to research conducted by IHS Markit, the average age of a light vehicle that is operable across the U.S. was 12.1 years in 2021. Since most manufacturers' bumper-to-bumper warranties expire within 4 years/50,000 miles, you could be driving unprotected for more than 50% of its lifespan.
It is important to think about the repair costs of your car. The higher the amount you are likely to be charged for repairs the more likely to be able to take advantage of extended warranty coverage. Here are the average annual repair expenses for top automakers, based on 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 the opinions of consumers?
Our team surveyed 1,000 people who have had the experience of purchasing or searching for an extended car warranty plan. From this sample, approximately 75% of them had purchased extended warranties from dealerships 44% purchased an extended warranty through a third-party.
Respondents to the survey said that pricing was the most important factor, followed by the duration of the warranty and levels of coverage. Overall 64% of respondents were happy about their warranties extended, and 13% stated they were neither satisfied nor dissatisfied.
On the other hand, 13% said they were dissatisfied with the warranty. Some people said that the warranty on their vehicle didn't cover anticipated repairs and others believed the company was trying to get out of paying for repairs.
Are you considering an extended warranty with the dealer?
Alongside reputable extended car warranty companies Drivers can also purchase insurance from the manufacturer of their vehicle. Because these warranties are generally guaranteed by the car manufacturers themselves, they may lessen buyer anxiety about reputability.
Manufacturer contracts ensure trained technicians from factories and use of authentic parts to repair. However, they come with a few limitations, including:
Limited repair shop choice
The majority of manufacturers require that drivers visit the dealer or a repair center that is branded for service. While this may not appear as a major issue however, certain automakers have comparatively few dealerships nationwide. For instance, there are less than 100 MINI dealerships in the entire U.S.
Service contracts for vehicles that are expensive
You could face dealer markups on top of the contract's price if you purchase a protection plan that is backed by a manufacturer.
A broader range of options of coverage
Typically, manufacturers offer one to three vehicle protection plans. Based on your requirements it is possible to purchase too little or buy coverage you don't need.
What to know before buying an extended warranty from a third-party
With a third-party warranty, a company besides your car's manufacturer will cover certain repairs. The primary benefit is that it's typically less costly than a manufacturer's extended warranty.
A third-party plan may or may not include original equipment manufacturer (OEM) replacement parts. If you visit a dealer and get OEM components, then you may need to pay for a part of the repair costs based on the terms of your contract.
The most reputable extended car warranty providers will reimburse repair shops directly, which means all you have to pay is the deductible. Some less reliable providers may have you pay upfront for repairs and submit receipts for reimbursement Beware of those companies.
Read through the contract thoroughly before you purchase the plan. Look for specifications on:
Limits on the coverage of labor rates
What is the definition of mechanical failure?
Maximum payout per contract
OEM Parts Coverage
Periods of waiting or inspections are necessary before coverage
Documentation for maintenance that is required
Emergency repair procedures
Cancellations and contract transfer
Additionally, all extended warranty contracts have exclusions. They can cover specific components that are cosmetic, like the or components for emissions, or maintenance items like brake pads and oil replacements. Know what's not covered in order to ensure you don't get disappointed later on. One of the top complaints about extended warranties is repairs not being covered.
Sometimes, companies don't guarantee a legitimate repair. In many instances the contract explicitly excludes the repair. Check the fine text, and don't rely on a salesperson to read every clause you're not aware of.
Are you able to purchase an extended warranty when you purchase an automobile?
Certain dealerships permit you to add an extended warranty before your warranty runs out, but other dealerships require you to purchase it at the time you purchase a brand new vehicle. However, almost all third-party providers sell plans for used vehicles which are outside of the factory warranty period.
How can I end an extended warranty the car
In order to end an extended warranty you will need contact the contract administrator and submit an official cancellation request in writing. It is also possible to submit a notarized odometer declaration. Reputable extended warranty providers provide 30-day money-back guarantee and the prorated amount of refunds that are available after that.
How to find the right warranty provider for you
If you are considering extended warranty for your car providers, you should look at quotes. That way, you can be sure to find the perfect coverage plan that is to your needs and budget.