Car Warranties Long Island FL
If you are looking for protection for your vehicle, it's best to look for reputable extended warranty companies. It is not a good idea to be working with a company that has poor business practices or a poor customer service track record.
Our review team has evaluated dozens of providers to find the most reputable extended warranty companies that all were highly rated in our most comprehensive extended guarantee 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 explore what constitutes a reputable company and how to select the most suitable provider for your needs.
What makes an extended warranty company trustworthy?
Any trustworthy and reliable extended warranty providers in 2022 should be able to tick the following boxes:
Strong industry reputation
We consider our sources of information, the Better Business Bureau (BBB) and AM Best when considering a company's industry standing. The BBB evaluates companies based on their ability to react to and resolve customer concerns. If a provider holds a high BBB rating it's likely that it is able to communicate with contract holders in a timely manner.
Certain providers collaborate with underwriters of vehicle service contracts to guarantee payouts for claims. To determine the underwriters' financial stability ratings, we use AM Best, which rates an organization's ability to pay claims and manage risks.
Certain extended warranty companies, like Carchex are also endorsed by leading companies in the industry. The presence of prominent partnerships is a mark of a trustworthy provider.
High customer satisfaction ratings
The BBB, Google and Trustpilot all offer customer reviews for extended warranty businesses. We suggest using multiple review sites before settling on the right company. It's not uncommon to have poor reviews from customers on the BBB, as customers looking to resolve complaints are more likely to post reviews on this website.
Positive reviews from customers are an important way to gauge how you'll be treated by the extended warranty company. Find companies with reviews that mention a quick claim process and friendly service representatives. Also, beware of companies that customers say practice poor ways of doing business, including scam calls and misleading advertising.
Transparent business practices
A number of reputable extended warranty companies offer sample contracts online so customers can look over the details of their coverage before signing the"dotted line. A common issue among contract holders is claims denials.
By choosing a provider which is able to provide information on its contracts, you'll be better equipped to be aware of what is not covered. However, you should always be sure to read the fine print regardless of which provider you select.
Long-running history of the company
Based on our study, we've discovered that the top, most trustworthy companies have been around for more than a few years. The warranty industry is highly competitive, which makes it simple for businesses to change their minds and go, especially when they have bad customer reviews and shady business practices.
User-friendly
It is also essential to locate an insurance plan that is user-friendly. Does it pay the repair center directly? Are there additional benefits, such as assistance for roadside repairs and rental vehicle reimbursement? Do you have a 30 day refund guarantee if you are not satisfied? All of our recommendations offer these benefits.
Top reputable extended car warranty company
When we were determining the five most reliable extended warranty providers available We looked at the factors above, as well as the cost and coverage options. After analyzing insurance companies in the market, 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 Highest mileage limit 125,000 miles
Additional benefits Help with roadside issues, rental car reimbursement and trip interruption
Protect My Car holds some of the top customer review ratings for any warranty company. Protect My Car has an A+ grade from the BBB alongside a 4.5-star rating on customer reviews at the time of publication. Customers reviewed the company on Trustpilot to give the company an average score of 4.5 ratings with over 2,300 reviews.
Protect My Car's employees are accredited by the Association of Certified Vehicle Protection Professionals (ACVPP). The certification is based on ethical business practices and consumer protections, as well as and the Magnuson-Moss Warranty Act and more. According to the Federal Trade Commission, the Magnuson-Moss Warranty Act "requires warranty providers of consumer products to provide consumers with specific information about warranties."
The customers of Protect My Car often mention positive experiences with 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 can extend up to 10 years or 25,000 miles. They include:
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Secure My Car Plan |
What Does It Cover |
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Supreme |
Similar coverage to the original factory warranty on the vehicle. |
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Select |
Best suited for vehicles over 50,000 miles and offers coverage one step lower than the Supreme plan |
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Driveline |
Protection of the powertrain for vehicles that are between 4 to 10 years old and with more than 80,000 miles |
Protect My Car also has five maintenance programs that are prepaid and referred to as Ambassador Maintenance Plans. A Maintenance Plan covers a combination of repairs to cars and regular maintenance.
Average cost of an extended car warranty
An extended car warranty costs between $1500 and $3500. Based on our survey of consumers that found 67% of those who responded have paid between $1500 to $2,500 for an extended warranty. Extended auto warranty prices are based on your vehicle, so the comparison of quotes will help you to get the best price.
Does an extended warranty really make it?
Extended warranties can be worthwhile for the majority of car owners, however it's best to consider your circumstances when deciding on an agreement. If you own a trustworthy vehicle or are planning to sell your vehicle before the warranty on the factory expires, a car protection plan might prove to be not worth the price. It is the same for drivers with savings put aside for auto repairs.
But, you must think about adding coverage if you are in one of the following situations: you:
You'd like peace of mind
Repairs to vehicles can be expensive to cover out of your pocket. When the manufacturer's warranty expires you're financially responsible for any electrical or mechanical breakdowns. Extended warranties cover the cost for repairs covered, alleviating anxieties about the possibility of future issues.
You want a predictable auto budget
If you pay for a car service contract upfront or through a monthly payment arrangement, or a part of your vehicle's financing and insurance, you're not responsible for a repair bill that comes up in the event of an unexpected mechanical breakdown.
You plan on owning your car for a long duration
According to research conducted by the IHS Markit IHS Markit, the median age of operable light vehicles within the U.S. was 12.1 years in 2021. Because the majority of manufacturers' bumper-to-bumper warranties expire after 4 years or 50,000 miles it is possible to drive an unprotected vehicle for over half its life span.
It is also important to consider the cost of repairs to your vehicle. The more you anticipate to be charged for repairs, the more likely you are to benefit from extended warranty coverage. Here are some typical annual repair costs for the most popular automakers, as per 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 conducted a survey of 1,000 customers who had been shopping for an extended car warranty plan. In this sample, around 75% had purchased an extended warranty from a dealership 44% bought an extended warranty from a third party.
Respondents to the survey said that pricing was the primary element, followed by timeframe of the warranty as well as the extent of coverage. Overall 64% of people who took part were satisfied by their warranty, and 13% of them said they were neither satisfied nor dissatisfied.
On the other hand, 13% said they were unhappy with the warranty. A few said that the warranty did not cover repairs that were expected, while others said they thought the company tried to defraud customers of making repairs.
Are you considering an extended warranty with the dealership?
In addition to reputable extended warranty companies customers can also buy coverage from the manufacturer of their vehicle. Because these agreements are typically backed by automakers themselves, they can reduce buyer anxiety about reputability.
Manufacturer contracts guarantee certified technicians trained by factory and the use of original parts for repairs. However, they also contain a number of limitations, including:
Limited repair shop choice
The majority of manufacturers require that drivers go to the dealership or repair center with a brand name for service. While this may not seem like a big deal there are some automakers that have small dealerships throughout the nation. For example, there are just over 100 MINI dealerships throughout the U.S.
Service contracts for vehicles that are expensive
There could be markups from dealers on top of the cost of your contract if buy a manufacturer-backed insurance.
Fewer options of coverage
Typically, manufacturers only offer one to three car protection plans. Depending on your needs it is possible to buy too little insurance or purchase coverage that isn't needed.
What should you know prior to purchasing an extended warranty offered by a third party
A third-party warranty a different company than the manufacturer covers certain repairs. The main advantage is that it's typically less costly than a manufacturer's extended warranty.
However, a third-party plan may or may not include the original equipment manufacturer (OEM) spare parts. If you go to a dealer and get OEM replacement parts, you may have to cover a portion of the repair cost depending on the terms of the contract.
The most reliable extended car warranty providers will pay the repair shop directly, so all you have to pay is your deductible. Some less reliable providers may require you to make payments upfront and provide receipts for reimbursement, so watch out for those companies.
Go through the contract carefully before you purchase the plan. Find the specifications for:
Labor rate coverage limits
What defines mechanical failure
Maximum amount of money that can be paid per contract
OEM Parts Coverage
Inspections or waiting periods are required before coverage
Required maintenance documentation
Emergency repair procedures
Cancellations and contract transfer
In addition every extended warranty contract come with exclusions. This can be a case of specific parts that are cosmetic, like the or emission components, as well as maintenance items such as brake pads and oil changes. Know what's not covered in order to be sure you aren't disappointed in the future. One of the most frequent 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 does not cover the repair. Be sure to read the entire fine text, and don't rely on a salesperson to read every clause you're not aware of.
Can you buy an extended warranty following the purchase of an automobile?
Some dealers allow customers to purchase an extended warranty prior to when your warranty runs out, but other dealerships require you to purchase it when you purchase a new vehicle. However, almost all third-party companies offer plans for cars which are outside of the factory warranty period.
How do you end an extended warranty an automobile
To terminate an extended warranty, need contact the contract administrator and send the cancellation request in writing. You may also need to submit a notarized odometer statement. Most reputable extended warranty companies offer 30-day money-back guarantees and prorated refunds beyond that point.
How do you find the best warranty provider for you
If you are considering extended warranty for your car providers, you should compare estimates. This way, you'll be able to ensure you find the right insurance plan that's with your financial budget.