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How Much Does an Extended Auto Warranty Cost?

The cost of an extended auto warranty will vary from person to person, based on the vehicle age, mileage and extent of coverage desired. Read more to find out what the average price range is for a good quality package, and why it’s important to shop around before purchasing.

What Does an Extended Auto Warranty Cost?

If purchased from the manufacturer, plans can cost about $1,000 to $1,500. At CARCHEX, however, we review and research a wide range of auto warranty packages to make sure you’re getting the best protection plan for your specific needs.

There are multiple factors that determine the cost of your extended auto warranty, including:

  • Condition of the vehicle—older vehicles and ones with higher mileages will drive up the price
  • Vehicle type—luxury brands and more expensive models have more expensive coverage
  • Coverage type—the more comprehensive the coverage, the higher the price
  • Deductible—if your plan includes a deductible, you will pay a lower premium

Understanding the factors that affect price will give you a better idea of what price range your plan should fall into, and help you plan ahead for better rates.

How Can I Find the Best Price on an Extended Warranty?

It is important to note that you can buy an extended warranty for your vehicle at any point after the date of purchase.

While you may purchase an extended warranty at any time after buying your vehicle, extended warranty prices are typically lowest in the first year of vehicle ownership. And by purchasing an extended warranty before the original factory warranty expires, you can save money by having extra protection on your car.

Questions to Ask

Here are some questions to ask before purchasing your extended warranty:

  • What is covered in the warranty? Make sure you know what is covered and what is not covered for the price. You don’t want to end up paying for repairs you thought were covered by your extended warranty.
  • What does the claim filing process look like? Make sure you won’t be the one footing the bill after filing a claim.
  • What if I’m not satisfied with my purchase? Choose a company that ensures customer satisfaction and will offer a money back guarantee if you’re not happy with your coverage.

How Does CARCHEX Pricing Compare to Competitors?

Whether you’re purchasing coverage for a new vehicle or considering extending coverage on a used one—you shouldn’t feel pressured to buy an extended auto warranty on the spot, or agree to a price that you don’t think is fair.

CARCHEX offers car owners an easier and more efficient way to shop around. We’ve created a marketplace where all the best coverage providers compete for your business—finding you the highest level of coverage at a great price.

Let us help you find the best Extended Vehicle Protection Plan for your car. Get a free quote online today or call us at 866-261-3457.

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Sources:

Money Crashers: http://www.moneycrashers.com/extended-car-warranty/

Edmunds.com: http://www.edmunds.com/car-buying/secrets-of-an-ace-negotiator-part-ii.html

CARCHEX 118 Shawan Road, Suite 210 Baltimore, MD 21030 (FL License # E155490)

© 2018 Carchex. All rights reserved.

We proudly offer the CARCHEX No-Haggle, Lowest Price Everyday Guarantee™ for all of our auto warranty and car inspection programs.
Consistent with consumers’ understandings and expectations of the market in which CARCHEX operates, CARCHEX uses the terms “warranty”; “extended warranty”, “extended auto warranty”, “extended service protection plan” and similar terms to describe the more technical term “vehicle service contracts”. For more information, see this FTC link or learn more here or by reviewing CARCHEX’s website.
CARCHEX markets and sells extended warranties on behalf of third party extended warranty providers, and your extended warranty will be between you and the provider. This website site is intended solely for the purpose of providing general information regarding the purchase of extended warranties. Specific contract terms, rates, taxes, fees and other charges are determined upon validation of vehicle information and acceptance by the extended warranty provider, for which CARCHEX is not responsible. Extended warranties may not be sold where prohibited by law.
CARCHEX 118 Shawan Road, Suite 210 Baltimore, MD 21030 (FL License # W469753)
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