An extended car warranty is a must-have, whether you have a new car or a used one. The first thing to know about an extended warranty is that it is a need-based product, and its terms and conditions differ from individual-to-individual. One needs to keep in mind that extended warranties aren’t the same as insurance and serve a different purpose.
Many people tend to confuse extended car warranties with breakdown insurance. The latter in this case holds the distinction of being regulated. On the other hand, extended car warranties serve as protection against mechanical breakdowns of your car. However, these breakdowns should not have been a result of an accident or due to your own actions.
Extended car warranties are usually sold through dealerships or third-party agencies. While dealerships are typically more reputable, you should always check into them or any third-party seller that you are planning to buy from. In either case, there are multiple brands that provide different kinds of extended car warranty benefits. Here is a list to make your selection easier:
1. CARCHEX
CARCHEX offers one of the best extended car warranty benefits for drivers that use high-mileage cars. Their extended warranty service provides cover to any car that has traveled less than 250,000 miles. Their extended car warranties for high-mileage cars are extremely valuable as this is when the drivers of these vehicles face the highest risk for breakdowns and costly repairs.
2. Endurance
Endurance is among the few direct extended car warranty providers in the industry. It is also known to be one of the best. In addition to selling extended car warranties, the company administers them as well. Hence, when you claim a blown transmission, you have to communicate with them directly. This also means that you will get the same service with repairs that you got while purchasing the extended warranty. This is one of the most unique extended car warranty benefits offered by Endurance as opposed to other services where you have to interact with a different administrator.
3. CarShield
One of the greatest extended car warranty benefits offered by CarShield is the wide range of extended warranty products. It offers multiple policies for extended car warranties with an upper limit of 300,000 miles. The service includes five exclusionary plans that provide various options for bumper-to-bumper coverage. Moreover, they also have five powertrain coverage options that work best for high-mileage cars.
4. Autopom
While CarShield provides you with options, Autopom specializes in giving the best options on price quotes. It is a broker service that sells 21 extended warranty contracts for cars that have traveled approximately 200,000 miles. Its customization assures you that you will find an extended warranty plan that is perfect for your car’s mileage and uniquely suited to its age. This is definitely any car owner’s dream.
However, due to being a broker service, the company you have to deal with in case of a breakdown will be different. Hence, you should inquire about all related factors before making the purchase.