Auto Warranty Long Island FL
When you're looking for protection for your car, it's best to look for reputable extended vehicle warranty firms. You don't want to work with a company with bad business practices or a poor customer service track record.
Our review team have compared dozens of providers to find the most reliable extended warranty companies and all of them scored highly in our most comprehensive extended warranty 2022 review (see the methodology below). We'll go over each one in detail, focusing on their business practices and reputation. We'll also explore what constitutes a reputable company and how to select the right provider to meet your requirements.
What is it that makes an extended warranty company reputable?
Any reliable and trustworthy extended warranty providers in 2022 must tick the following boxes:
Strong industry reputation
We consider our sources of information, the Better Business Bureau (BBB) and AM Best when considering a business's reputation in the market. The BBB grades companies on their ability to respond to and resolve customer concerns. If a provider holds a high BBB rating, there's a good chance it is able to communicate with contract holders in a timely manner.
Some providers work with vehicle service contract underwriters to guarantee claims payouts. To assess the underwriters' financial stability ratings, we look to AM Best, which rates a business's financial ability to pay for claims and manage the risk.
Some extended warranty providers like Carchex, are also endorsed by industry-leading companies. These partnerships are an indication of a reputable service.
High customer satisfaction ratings
The BBB, Google and Trustpilot all have customer reviews for extended warranty companies. We recommend using several review sites when deciding on the best service. It's not unusual to find low customer review scores on the BBB since customers who are looking to settle their complaints are more likely to post reviews on this website.
Positive customer reviews can be a good method of determining how you'll be treated by an extended warranty provider. Find companies with reviews that speak of a swift claims process and helpful customer service representatives. Also, beware of companies that customers say practice poor ways of doing business, including scam calls and misleading advertising.
Transparent business practices
Many reliable extended warranty companies provide sample contracts online so customers can review the coverage details before signing the"dotted line. A common issue among contract holders is denials of claims.
By selecting a company with a clear explanation of its contracts, you'll be better equipped to be aware of what is not covered. However, it's important to take the time to read the fine print irrespective of the provider you choose.
Long-running history of the company
In our study, we've discovered that the top, most trustworthy companies have been around for more than years. The warranty industry is highly competitive, which makes it simple for companies to move and go, particularly in the event of negative reviews from customers and have unsavory business practices.
Easy to use
It's also important to find the right service plan that's easy to use. Does it cover directly to the repair facility? Are there extra benefits like assistance for roadside repairs and rental vehicle reimbursement? Is there a 30-day money-back guarantee to use if you are not satisfied? All of our recommendations offer these advantages.
Top reputable extended car warranty company
When we were determining the five most reputable extended car warranty companies on the market we looked at the elements previously mentioned, along with the cost and coverage options. After researching insurance companies in the world, Endurance, Carchex, Protect My Car, CarShield and autopom! topped our list for reputability
#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
Additional benefits: Roadside assistance rental car reimbursement trip interruption
Protect My Car holds some of the top customer review ratings that any other extended warranty provider. The company is a BBB A+ grade from the BBB alongside a 4.5-star customer review score at the time of its publication. Customers reviewed the company on Trustpilot and gave an average rating of 4.5 ratings with over 2,300 reviews.
The employees of Protect My Car are accredited through the Association of Certified Vehicle Protection Professionals (ACVPP). The certification is based on ethical business practices, consumer protections, The Magnuson-Moss Warranty Act and more. In accordance with the Federal Trade Commission Magnuson-Moss's Warranty Act "requires warrantors of consumer products for consumers to offer clear information regarding warranty coverage."
Customers of Protect My Car frequently report positive experiences with the customer service team as well as the simplicity of the claim process.
Protect My Car extended warranty plans
Protect My Car offers three options for coverage, and they can be extended to 10 years/125,000 miles. They include:
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"Protect My Car Plan |
What It Covers |
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Supreme |
Similar protection to the original factory warranty on the vehicle. |
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Select |
The best choice for vehicles that have more than 50k miles. It also provides coverage one step lower than the Supreme plan |
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Driveline |
Powertrain protection for cars between 4 to 10 years old and with more than 100,000 miles |
Protect My Car also has five pre-paid maintenance programs known as Ambassador Maintenance Plans. An Ambassador Maintenance Plan covers a combination of repairs to cars and regular maintenance.
Average cost of an extended warranty on a car
An extended car warranty cost between $1,500 and $3,500. According to our survey of customers that found 67% of people paid between $1,500 to $2,500 for the extended guarantee. Extended warranties are determined by the model of your car and comparing quotes will allow you to find the best price.
Is an extended warranty worth it?
Extended warranties are beneficial for many car owners, but it is important to think about your specific situation when choosing the right contract. If you own a reliable vehicle or plan to sell your car prior to when the factory warranty expires, a vehicle protection plan might not be worth the cost. This is also true for those who have savings put aside for auto repairs.
But, you must consider added coverage if you are in one of the following situations: you:
You'd like peace of mind
Repairs to vehicles can be expensive to pay out of your pocket. When the manufacturer's warranty expires you're financially responsible for any mechanical or electrical breakdowns. Extended warranties pay for repairs that are covered, which eases anxiety over future issues.
You want a predictable auto budget
When you purchase a service contract up front by way of a monthly installment program, or even as part of your vehicle's financing it is safe from having to pay for unexpected repair costs after an unexpected mechanical breakdown.
You intend to own your car for a long period of time
According to research from the IHS Markit, the average age of light vehicles that are operable within the U.S. was 12.1 years in 2021. Since the majority of bumper-to bumper warranties end after 4 years or 50,000 miles it is possible to drive an unprotected vehicle for over the half-life of your vehicle.
You should also consider your vehicle's repair costs. The more you anticipate to be charged for repairs, the more likely to get extended warranty protection. Here are some average annual repair costs for the most 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 the opinions of consumers?
Our team polled 1,000 consumers who had experience purchasing or searching for an extended car warranty plan. From this sample, approximately 75% of them had purchased an extended warranty from a dealership, while 44% had purchased an extended warranty through a third-party.
Survey respondents said pricing was the primary factor, followed by the length of the warranty and the coverage levels. Overall, 64% of the people who took part were satisfied by their warranty and 13% said they weren't satisfied or dissatisfied.
On the contrary 13% said that they were unhappy regarding the warranties. Some said the vehicle warranty did not cover repairs that were expected and others believed the company was trying to defraud customers of paying for repairs.
Do you think about an extended warranty offered by the dealership?
In addition to trusted extended warranty companies Drivers can also purchase insurance from their vehicle manufacturers. Because these warranties are generally supported by the automakers themselves, they could lessen the buyer's anxiety regarding reliability.
Manufacturer contracts ensure factory-trained technicians and the use of genuine parts to repair. However, they also have a few restrictions which include:
Limited repair shop choice
Most manufacturers require drivers to go to the dealership or a branded repair center for service. Although this might not sound like a big deal, some automakers have relatively only a handful of dealerships across the country. For example there are less than 100 MINI dealerships in the entire U.S.
Expensive vehicle service contracts
You may face dealership markups on top of the contract's price if you purchase manufacturer-backed protection.
Fewer options of coverage
Typically, companies only offer one to three insurance plans for vehicles. Depending on your needs it is possible to purchase too little coverage or purchase coverage that isn't needed.
What should you know prior to purchasing a third-party extended warranty
With a third-party warranty, a different company than the manufacturer will cover certain repairs. The primary benefit is that it's generally less expensive than an extended warranty from the manufacturer.
A third-party plan may or may not include original equipment manufacturer (OEM) repair parts. If you go to an authorized dealer and purchase OEM parts, you might be required to pay a percentage of the repair expense based on the terms of your contract.
The most reputable extended car warranty providers will pay repair shops directly, and all you pay for is your deductible. Some less-reputable providers will have you pay for repairs up front and provide receipts for reimbursement Beware of those companies.
Review the contract thoroughly before you purchase the plan. Check for specifics on:
Limits to the coverage of the labor rate
What defines mechanical failure
Maximum amount of money that can be paid per contract
OEM parts coverage
Waiting periods or inspections required before coverage
Documentation for maintenance that is required
Emergency repair procedures
Cancellations and contract transfers
Finally every extended warranty contract have exclusions. These can include specific parts like cosmetics or emissions components, and maintenance items such as brake pads or oil changes. Understand what isn't covered to be sure you aren't disappointed in the future. One of the most frequent complaints regarding extended warranties is the fact that repairs aren't being covered.
Sometimes, a company doesn't cover a valid repair. However, in many cases, the contract clearly excludes the repair in question. 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?
Some dealers allow customers to purchase an extended warranty before the warranty ends, whereas others require that you purchase it at the time you purchase a new vehicle. However, almost all third-party suppliers offer plans for used vehicles which are outside of the warranty period that is provided by the manufacturer.
How do you end an extended warranty a car
To end an extended warranty you must to contact the contract administrator, and then submit a written cancellation request. You may also need to provide a notarized odometer statement. The most reliable extended warranty providers provide 30 day money-back guarantees as well as prorated refunds beyond that point.
What is the best warranty provider
When you're considering extended car warranty providers, you should look at quotes. This way, you'll be able to make sure you get the best coverage plan that fits within your budget.