Best Used Car Warranty Companies - The best extended car warranty companies offer affordable plans that protect you from the financial impact of expensive car repairs. Our review team must check which companies offer the best coverage at the best price. So we took a deep dive into the industry's top warranty providers, examining coverage, rates, industry rankings and customer reviews.
If you're considering purchasing an aftermarket auto warranty for a new or used vehicle, you'll want to learn more about coverage and costs. In this article, you'll find everything you need to know about extended car warranties and our top picks for the best providers.
Best Used Car Warranty Companies
An extended warranty for cars, also known as a vehicle protection plan or vehicle service contract, bills you for mechanical breakdowns after your factory warranty expires. Instead of paying an expensive repair bill, you're only responsible for a one-time or monthly payment with no deductible.
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Some car manufacturers offer extended car warranties along with the factory warranty with new vehicles. But third-party providers offer more coverage options and more flexibility in where you can get your vehicle serviced.
Although you can find many coverage options when shopping for a provider, there are basically three types of new and used car warranties. Most vehicle service contracts fall into one of the following categories:
Based on our research and quotes, the average price for an extended car warranty that lasts three to six years is $1,600 to $4,500.
Using your car's extended warranty should be a relatively easy process. The best providers make it easy to use your coverage. With most providers, you need to follow a few steps:
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Most extended car warranties come with a pre-existing waiting period, defined by time and mileage. You cannot use your coverage before this waiting period is over. Be sure to check the fine print of your contract for details on your waiting period.
Many car owners feel that extended car warranties are worth it. However, there are pros and cons to an extended car warranty. People cite lack of availability, high cost, and not feeling the need for a warranty as the main reasons for not purchasing. However, our research shows that most drivers can benefit from coverage.
According to AAA, 64 million Americans do not have enough money to cover the costs of auto repairs. This means that these people have to go into debt to pay for the repairs. An extended car warranty can help you avoid this situation by paying for monthly coverage.
Some of the best extended car warranties offer discounted coverage. This means that only your contract items will be listed.
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What's Covered To find out what your car's warranty covers, read the fine print of your contract carefully.
If you haven't purchased a warranty, look online or contact an extended warranty provider, as most companies offer sample contracts.
Mechanical breakdown insurance (MBI) is like an extended warranty that covers the cost of future automotive repairs if you need them. However, unlike an extended car warranty, insurance companies typically offer MBI. MBI policies also have low or no coverage levels.
These days, more and more car manufacturers are offering their own branded extended warranty programs. While these offer good coverage at favorable rates, they have one major limitation: you can generally only avail this coverage at brand dealerships.
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On the other hand, with a third-party warranty, you can cover repair work from any licensed mechanic in the provider's network. Aftermarket warranties also have multiple coverages to choose from, while it's common for manufacturers to offer only one coverage plan.
In our 2021 Extended Auto Warranty survey, we polled 1,000 consumers who have purchased or are considering purchasing a vehicle service contract. 41% of respondents said they were happy with their warranty coverage, while another 24% said they were satisfied with their purchase even though they had not filed a warranty claim.
After thoroughly reviewing the most popular providers on the market, these extended warranty companies came out on top:
If you're considering purchasing an aftermarket auto warranty for a new or used vehicle, you'll want to learn more about coverage and costs. Our team has done most of it for you based on industry standards, extended car warranty plans, affordable prices and customer service.
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When we compared some of the most popular aftermarket car warranty companies based on factors like industry standing, coverage, affordability and customer service, we found 10 companies that provide the best extended car warranties.
Below, we'll take a closer look at our top five providers: Endurance, CarShex, Protect My Car, CarShield and Autopom!.
Endurance is known for its comprehensive benefits and good customer service experiences. We rated it as the best overall for these reasons, as it is one of the direct providers available.
Endurance offers six plan options, all providing different levels of coverage. All plans come with your choice of a $0, $50, $100, or $200 deductible, which is the cost you pay out-of-pocket to the repair shop.
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Every Endurance plan comes with rental car reimbursement, trip interruption coverage, and 24/7 emergency roadside service. Drivers also receive their first year of Endurance Elite benefits for free. Benefits include:
Although endurance contracts are more expensive, many drivers feel they are worth it for the benefits and comprehensive benefits. Our review team found that the best extended car warranty from Endurance, the Supreme Plan, costs about $70 per month for 36 months to get five years or 100,000 miles of extended car warranty coverage.
In general, we found that Endurance plans at all levels cost between $69 and $180 per month and require a down payment of $150 to $350.
Endurance has written an extended car warranty since 2005, which is good for the company. It has a good reputation among experts and consumers like AM Best on rating sites like Better Business Bureau (BBB) and TrustPilot.
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On the BBB website, Endurance has over 1,400 customer reviews that rate the company an average of 3.3 stars out of a possible 5.0.
Positive Endurance Warranty reviews praise the company for its excellent customer service, easy shopping experience, peace of mind and affordability. Negative customer reviews highlight long wait times to speak with customer representatives, slow claims approval, and phishing emails.
Founded in 1999, CARCHEX has a long history of positive customer experiences with a strong reputation among industry experts such as CARFAX, Edmunds.com and Kelley Blue Book. We voted it the best extended car warranty company for used cars and high-mileage vehicles because it covers vehicles up to 300,000 miles.
CARCHEX plans cost between $100 and $200 per month. For example, a Titanium plan with five years or 100,000 miles of coverage costs $136 per month for 18 months. The deductible on this plan is $100.
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CARCHEX has an A+ rating from the BBB, and TrustPilot users give CARCHEX an average of 3.0 stars out of a possible 5.0. The company's years of business and positive ratings bode well for its reliability and ability to pay customer claims on time.
There are over 100 reviews of CARCHEX on the BBB website. Positive reviews, fast claims process, satisfactory service for luxury vehicles like BMW, and friendly and professional customer service representatives describe it.
Protect My Car comes with standard coverage with its standard extended car warranty plans. But what stands out about the provider is its Ambassador Maintenance Service plans.
These plans add prepaid maintenance plans to mechanical breakdown coverage, giving car owners peace of mind. For people looking to cover most of the costs of responsible car ownership, Protect My Car is one of the best extended car warranty options.
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Protect My Car offers three vehicle service contracts with coverage up to 125,000 miles. Details of these projects are:
Similar to the Supreme and Select plans, but does not include a navigation system, turbocharger or front and rear suspension.
Protect My Car has received strong ratings from consumers and the BBB on the company's website. Protect My Car has an A+ rating from the BBB.
Customers rate Protect My Car 4.1 out of 5.0 stars on the BBB website. The company also has a favorable rating from customers on TrustPilot. With over 3,300 reviews, Protect My Car has a 4.5 star rating.
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Most complaints about Protect My Car revolve around unclear expectations of coverage. Details such as waiting period or mileage also came up as issues.
CarShield is known for extended car warranty coverage options at unbeatable prices. The company does not underwrite its own policies, but handles auto service contracts from other top-tier providers such as American AutoShield.
It's important to note that CarShield does not offer coverage in California, so if you live in the Golden State and want an extended auto warranty
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