Car Warranty Long Island FL
When shopping for vehicle protection It is recommended to search for reputable extended car warranty companies. You shouldn't be working with a company that has poor business practices or a spotty customer service record.
Our review team have compared many providers to determine the most reputable extended car warranty companies available, 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 makes a company reputable and how to select the most suitable provider for your needs.
What makes an extended warranty business reputable?
Any trustworthy and reliable extended warranty company in 2022 ought to check 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 grades companies on their ability to react to and resolve customer concerns. If a provider holds a high BBB rating, there's a good chance it communicates effectively with contract holders promptly.
Some companies work with underwriters of vehicle service contracts to guarantee payouts for claims. To assess the underwriters' financial stability ratings, we look to AM Best, which rates an organization's ability to pay claims and manage risks.
Certain extended warranty providers like Carchex are also supported by leading companies in the industry. These partnerships are an indication of a reliable service.
Customer satisfaction ratings are high.
There are three review sites: the BBB, Google and Trustpilot all have customer reviews for extended warranty firms. We recommend using several review sites before settling on the best provider. It's not unusual to find poor reviews from customers on the BBB since customers who are looking to resolve complaints are more likely to post reviews on this platform.
Positive customer reviews are an important method of determining how you'll be treated by an extended warranty provider. Look for companies with reviews that mention a quick claims process , and friendly customer service representatives. Also, avoid companies who have complaints from customers about their bad habits, like fraudulent calls and false advertising.
Transparent business practices
A number of reputable extended warranty companies offer samples of their contracts online, so that customers can look over the details of their coverage prior to signing on the contract. One of the most frequent issues among contract holders is claims denials.
By choosing a provider that readily offers information about the terms of its contracts, you'll be better equipped to know what's as well as what isn't. But, it is important to read the fine print regardless of the provider you choose.
Long-standing company history
Based on our investigation, we've found that the best, most reputable firms have been operating for more than a couple of years. The industry of warranty is extremely competitive, making it easy for businesses to change their minds and go, particularly in the event of negative customer reviews and unsavory business practices.
User-friendly
It's also important to find a service plan that is simple to use. Does it cover the repair facility directly? Do you have additional benefits such as roadside assistance and rental car reimbursement? Is there a 30-day refund guarantee if you decide to change your mind? All of our recommendations provide these benefits.
Top reputable extended car warranty company
In determining the top five reputable extended car warranty companies on the market We looked at the factors mentioned above, in addition to the cost and the options for coverage. After we researched auto warranty companies throughout the world, Endurance, Carchex, Protect My Car, CarShield and autopom! was the top choice for reliability
#1 Protect My Car: Most Maintenance Plans
Accessibility in all states, with the exception of Alaska, California, Hawaii, Missouri, Oklahoma and Washington Maximum mileage limit 125,000 miles
Extra benefits Assistance with roadside emergencies rental car reimbursement, trip interruption trip interruption
Protect My Car holds some of the highest customer review scores that any other extended warranty provider. It has an A+ rating from the BBB alongside a 4.5-star consumer review rating at the time of publication. Customers weighed in on Trustpilot to rate an average rating score of 4.5 stars with more than 2,300 reviews.
The employees of Protect My Car are certified by the Association of Certified Vehicle Protection Professionals (ACVPP). The certification focuses on ethical business practices, consumer protections, and the Magnuson-Moss Warranty Act and more. In accordance with the Federal Trade Commission, the Magnuson-Moss Warranty Act "requires warrantors of consumer products for consumers to offer detailed details about the warranties."
Protect My Car's customers often report positive experiences with the customer service team as well as the ease of the claims process.
Protect My Car extended warranty plans
Protect My Car offers three choices of coverage that can extend up to 10 years/25,000 miles. They include:
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"Protect My Car Plan |
What It Covers |
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Supreme |
Similar coverage to the original factory warranty on the vehicle. |
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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 |
Protection of the powertrain for vehicles that are between 4 to 10 years old and with more than 100,000 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 car repairs and regular maintenance.
Average cost of an extended warranty on a car
On average, an extended warranty on a vehicle cost between $1,500 and $3,500. Based on our survey of consumers approximately 67% of people have paid between $1500 and $2,500 for the extended guarantee. Extended warranties are determined by the model of your car, so 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 situation when shopping for the right contract. If you own a highly reliable vehicle or plan to sell it before the manufacturer's warranty expires, a car protection plan might not be worth the expense. The same is true for those who have savings that are set aside for repairs to their vehicles.
However, you should consider added coverage if the following situations apply to you:
You'd like peace of mind
Repairs to vehicles can be expensive to cover out of your pocket. After the expiration of your manufacturer's warranty you're financially responsible for any electrical or mechanical malfunctions. Extended warranties pay for covered repairs, easing anxieties about the possibility of future issues.
You'd like a car that is predictable budget
By paying for a vehicle service contract up front or through a monthly payment program, or even as a part of the financing for your vehicle it is safe from having to pay for a surprise repair bill following an unexpected mechanical malfunction.
You plan on owning your vehicle for a lengthy period of time
According to research by the IHS Markit The average age of light vehicles that are operable across the U.S. was 12.1 years as of 2021. Since most manufacturers' bumper-to-bumper warranties expire within 4 years/50,000 miles and 50,000 miles, you could drive an unprotected vehicle for over the half-life of your vehicle.
You should also consider the cost of repairs to your vehicle. The more you anticipate to pay in repair costs the more likely you are 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 the opinions of consumers?
Our team conducted a survey of 1,000 customers who have had the experience of purchasing or shopping for an extended car warranty plan. From this sample, approximately 75% of them had purchased extended warranties from dealerships and 44% bought an extended warranty from a third party.
The respondents to the survey stated that price was the top element, followed by duration of the warranty and the coverage levels. Overall 64% of people who took part were satisfied by their warranty, and 13% of them said they weren't satisfied or dissatisfied.
On the contrary, 13% said they were not satisfied about the guarantee. Some said the vehicle warranty did not cover repairs that were expected Some thought the company tried to defraud customers of paying for repairs.
Are you considering an extended warranty with the dealership?
In addition to reputable extended car warranty providers customers can also buy coverage from the manufacturer of their vehicle. Because these warranties are generally backed by automakers themselves, they can reduce buyers' concerns about reliability.
Manufacturer contracts guarantee trained technicians from factories and the use of genuine parts for repairs. However, they come with a few limitations which include:
Limited repair shop choice
Many manufacturers require that their drivers go to the dealership or a repair center that is branded to receive service. Although this might not sound like a big deal there are some automakers that have only a handful of dealerships across the country. For instance, there are less than 100 MINI dealerships across the U.S.
Expensive vehicle service contracts
There could be markups from dealers in addition to the cost of the contract if you buy a manufacturer-backed insurance.
Less coverage options
Typically, manufacturers only provide one to three car protection plans. Depending on your needs you could purchase too little or purchase coverage that isn't needed.
What should you know prior to purchasing a third-party extended warranty
With a third-party warranty, an outside company other than your vehicle's manufacturer will cover certain repairs. The primary benefit is that it's usually cheaper than a manufacturer's extended warranty.
A third-party plan could or won't include original equipment manufacturer (OEM) spare parts. If you visit a dealer and get OEM parts, you may have to cover a portion of the repair costs based on the terms of the contract.
The most reliable extended car warranty companies will pay the repair shop directly, which means all you pay for is your deductible. Some less-reputable providers will have you pay for repairs up front and submit receipts for reimbursement Beware of the ones that do.
Go through the contract carefully before buying the plan. Check for specifics on:
Limits to the coverage of the labor rate
What is the definition of mechanical failure?
Maximum payout per contract
OEM Parts Coverage
Inspections or waiting periods are required before coverage
Required maintenance documentation
Emergency repair procedures
Cancellations and contract transfers
Finally every extended warranty contract have exclusions. This can be a case of specific parts like cosmetics or emissions components, and maintenance items such as brake pads or oil changes. Be aware of what's not covered to ensure you don't get disappointed later on. One of the most frequent complaints about extended warranties is the fact that repairs aren't being covered.
Sometimes, companies don't guarantee a legitimate repair. But, in many situations the contract specifically does not cover the repair. Check the fine text, and don't rely on salespeople to explain every exclusion to you.
Can you buy an extended warranty following the purchase of the vehicle?
Certain dealerships permit the purchase of 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, almost all third-party companies offer plans for used vehicles that are not covered by the warranty period of the manufacturer.
How to stop an extended warranty from the car
If you wish to terminate an extended warranty, must to notify the contract administrator and send a written cancellation request. You might also have to submit a notarized odometer declaration. The most reliable 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 company for you
If you are considering extended warranty for your car providers, it is best to check out quotes. This way, you'll be able to ensure you find the right coverage plan that fits to your needs and budget.