A cheap extended car warranty is a way to avoid costly repairs and save money in the long run. But you need to know how to shop for a plan that is actually worth the price. A good place to start is by comparing prices. A car protection specialist can show you the difference between plans that are paid in full upfront and those that include a payment plan with low monthly payments.
The level of coverage is also important to consider. Bumper-to-bumper policies with comprehensive, exclusionary coverage tend to cost more than powertrain warranties that cover only certain essential components. Typically, plans with lower deductibles are more affordable as well.
You should also keep in mind the remaining coverage from the manufacturer’s factory warranty, which may last for many years. Resist the urge to purchase an extension if the warranty already covers a specific component, such as a drivetrain or transmission.
There are several different types of extended warranties available, including bumper-to-bumper, powertrain and wrap. A wrap warranty is a great option for vehicles prone to corrosion, such as those that spend most of their time outdoors. You can also use a wrap policy to supplement a bumper-to-bumper extended warranty, or even as the sole coverage.
As you compare costs, pay attention to the fine print of each extended warranty company’s contract. The best providers will clearly disclose what is and isn’t covered by the plan, as well as how they handle claims and cancellation fees. If a company has hidden this information, that’s a red flag.
One of the biggest vehicle service contracts (VSC) providers, CarShield offers multiple plan options and deductibles, ranging from $0 to $500. They also provide a number of other services, including roadside assistance, towing and trip interruption coverage. They also offer a 30-day money back guarantee.
When shopping for an inexpensive extended warranty, it’s a good idea to ask the provider about a flexible payment plan. Most will allow you to make monthly payments, which can help you budget your finances more easily and avoid a big lump sum. Some companies will even let you choose the length of your contract, allowing you to decide if you want to extend your coverage indefinitely or for a shorter period of time.
While it’s not necessary to buy an extended warranty to enjoy peace of mind, it can be a good investment for those who are concerned about the cost of unexpected repairs and maintenance. By following the tips in this article, you can find a cheap extended warranty that will be an excellent value for your vehicle.
A car protection specialist can help you compare quotes from the top car warranty companies and find a plan that fits your budget. Request a free quote today to learn more about the plans that are right for you.