Do Auto Repair Bills Worry You?
Auto repair costs are expected to rise 15-20% in the next 2 years. A new transmission alone could cost $2900.
An extended warranty helps you avoid costly repairs and gives you peace of mind. Ask for a no obligation quote today...
An extended warranty helps you avoid costly repairs and gives you peace of mind. Ask for a no obligation quote today...
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An Extended Auto Warranty is a Great Idea
These days everyone is getting those phone telemarketing calls. Some company is trying to sell you an extended auto warranty. These plans can actually save you a lot of money in the long run but first there are a few things you should know. Thorough research is required before you buy any type of warranty. You can do this online.
If you’re buying a new car, don’t automatically assume the dealer’s auto protection plan is the right one. Many of these plans don’t cover everything that could go wrong with your car. If your car has ABS brakes, they should be covered by any warranty you purchase. You should also make sure problems caused by overheating are covered. If not, find a plan that does cover them.
Research several different companies. One or two may look great because of the low prices but how good is the coverage? Does it include everything you want it to? The cheapest extended auto warranty is not always the best. Many online companies offer great insurance for lower prices than the dealer but make sure they are legitimate before spending your hard earned money.
Most extended auto warranties only cover breakdown, however, some also cover wear and tear. Make sure your plan is one that does. Replacing parts that have worn out can be expensive if your coverage doesn’t include them.
Never purchase a plan that requires you to pay the repair shop. Many companies use this ploy to get out of paying anything. They say they will reimburse you but the process is lengthy and many times, they will find ways to deny the coverage on your repair. If they have to pay the shop directly, it will save you a lot of money and a lot of headaches.
Be sure that you know what your deductible is. That low deductible may look great but a lot of companies require you to pay for each part or repair rather than each visit. Choose an auto protection plan that only requires one deductible per visit, or pay a little more and get the plan that doesn’t require any sort of deductible.
How are you going to pay for that car rental or towing bill when your car does break down? Many people don’t consider the added expenses these can cause, especially if your car is in the shop for a long time. Make sure your extended auto warranty covers rental and towing.
Does your warranty require all work to be done at the dealership? If it does, find a new one. Your auto protection plan should allow you to take the car to any certified repair shop of your choice for repairs.
What do you do if the warranty company goes out of business? How will your repairs be paid then? There are many companies that put part of your payments into an insured account, ensuring the money will be there when you need it even if the company isn’t.
Purchasing the right extended auto warranty can be as difficult and time consuming as making sure you’re getting the right car. Take your time and do your research. Make sure you have the right plan and you’ll save a lot of money down the road. Getting a quote online is a great start.
If you’re buying a new car, don’t automatically assume the dealer’s auto protection plan is the right one. Many of these plans don’t cover everything that could go wrong with your car. If your car has ABS brakes, they should be covered by any warranty you purchase. You should also make sure problems caused by overheating are covered. If not, find a plan that does cover them.
Research several different companies. One or two may look great because of the low prices but how good is the coverage? Does it include everything you want it to? The cheapest extended auto warranty is not always the best. Many online companies offer great insurance for lower prices than the dealer but make sure they are legitimate before spending your hard earned money.
Most extended auto warranties only cover breakdown, however, some also cover wear and tear. Make sure your plan is one that does. Replacing parts that have worn out can be expensive if your coverage doesn’t include them.
Never purchase a plan that requires you to pay the repair shop. Many companies use this ploy to get out of paying anything. They say they will reimburse you but the process is lengthy and many times, they will find ways to deny the coverage on your repair. If they have to pay the shop directly, it will save you a lot of money and a lot of headaches.
Be sure that you know what your deductible is. That low deductible may look great but a lot of companies require you to pay for each part or repair rather than each visit. Choose an auto protection plan that only requires one deductible per visit, or pay a little more and get the plan that doesn’t require any sort of deductible.
How are you going to pay for that car rental or towing bill when your car does break down? Many people don’t consider the added expenses these can cause, especially if your car is in the shop for a long time. Make sure your extended auto warranty covers rental and towing.
Does your warranty require all work to be done at the dealership? If it does, find a new one. Your auto protection plan should allow you to take the car to any certified repair shop of your choice for repairs.
What do you do if the warranty company goes out of business? How will your repairs be paid then? There are many companies that put part of your payments into an insured account, ensuring the money will be there when you need it even if the company isn’t.
Purchasing the right extended auto warranty can be as difficult and time consuming as making sure you’re getting the right car. Take your time and do your research. Make sure you have the right plan and you’ll save a lot of money down the road. Getting a quote online is a great start.