- Comprehensive coverage
- Powertrain extended coverage
- Air conditioning
- Electrical repairs
- Engine replacements
- Bedliner damage
- Fuel systems
Vehicles are lasting longer than ever. According to Consumer Reports, the average age of cars on the road in 2017 was 11 years old, which is a three-year gain on the 1995 average age of eight years.
Unfortunately, many key components on a car aren’t built to make the distance. On the other hand, there’s a lot you can do to protect your car: an appropriate protection plan, proper maintenance, and a good understanding of your vehicle’s history can go a long way in keeping it running smoothly.
Read on to learn what factors to consider when looking for an extended warranty for a car with over 100,000 miles, how to get the best coverage for your high-mileage vehicle, what to do to avoid costly repairs in the first place, and how CARCHEX can help.
Did you know that almost 90% of all vehicles on the road are in need of some kind of service or repair? A large portion of cars on the road today that need repairs have passed the 100,000-mile mark.
An extended warranty is like an insurance policy for your car. Many original manufacturers’ warranties for new vehicles are limited to three to five years and only cover a vehicle up to 50,000 miles.
Some dealership warranties last longer, but eventually you’ll be risking hundreds of dollars by driving without extended warranty coverage.
Once your car passes over 100k miles, an extended warranty is the best way to keep your vehicle running without expensive trips to the repair shop.
If you’re thinking about purchasing an extended warranty for an older car, one of your first considerations is the cost. The cost of an extended warranty will vary based on your car’s mileage and age, as well as the level of coverage you select.
Some extended warranty plans don’t cover cars with over 100,000 miles on them, so it’s important first and foremost to find coverage that you’re eligible for. Many companies (both manufacturers offering protection plans and third-party insurers) have different levels of coverage available, with different deductibles, monthly premiums, and additional fees.
To get an idea of how much an extended warranty will cost, call CARCHEX at 866-261-3547 for a free, instant quote that’s customized to your vehicle. Then, add up the annual cost of your warranty and the deductible, and compare that to the repairs your car is likely to need (which you can predict using a site like RepairPal.com or our list below).
It’s also worth knowing that there are several benefits of buying an extended warranty:
If you have a car known for reliability, you might be driving it longer, but it will become more and more vulnerable to breakdowns, repairs, and maintenance.
Don’t risk purchasing an extended warranty after your original factory warranty expires. Avoid expensive repair costs by getting an extended warranty today.
It’s important to remember that keeping maintenance records and following service guidelines in your owner’s manual can help you maintain an older or used car. However, topping off the oil and buying an $18 timing belt will only get you so far.
Here are some things you may run into as your car gets older and starts to break down:
How many times have you heard that an engine dies in an old car? Powertrain coverage keeps the mechanisms that power your car running.
A car with 100,000 miles can easily drop a transmission. A new one will cost close to $2,000, and some can cost even more. It’s important to remember to change your transmission fluid when you see six digits on the odometer. That can run you about $100–$250 at the repair shop.
Technology in current cars make electrical repairs very expensive. As cars age, replacing rare or older components will cost extra. On the fuel side, a basic filter replacement can run $50–$350.
Popular Mechanics notes that about 25% of cars between 100,000 and 105,000 miles need replacement spark plugs, which can cost anywhere from $60–$180 at the mechanic.
The longer you keep your car, the more oil changes ($15–$120 at the mechanic), belt replacements ($60–$200 for a serpentine belt or $400–$1200 for a timing belt and water pump), and fluid changes (transmission fluid at $100–$250, brake fluid at $100–$150, and power steering fluid at $75–$150) you’ll need.
A new air filter ($20–$60) and PCV valve ($10–$20) are other likely parts needed at 100k miles, while a coolant flush ($90–$150), alignment ($50–$100), and brake rotor turn or replacement ($150–$650) are also common services needed.
If the brakes on your aging car make noises like squeaking or grinding, they should be checked out by a mechanic. Brake pad replacements can run you a few hundred dollars.
Whether your car is over 100k miles or brand new, you’ll have peace of mind knowing you can have coverage for the following components with an extended warranty:
Additionally, a good extended warranty will offer 24/7 roadside assistance, towing services, rental cars, diagnostic fee coverage, gas delivery, and trip interruption services.
Extended warranties and mechanical breakdown insurance are both legitimate options when it comes to protecting your car. They both pay for unexpected mechanical problems and repairs due to normal wear and tear, and both require a monthly payment.
However, there are some important differences to note:
It’s important to have some sort of repair coverage to protect against future repair costs. An extended warranty with its added benefits could be the perfect option for somebody looking for more comprehensive coverage.
If you’re thinking that protecting your car is probably a good idea, don’t go signing anything just yet. Here are a few tips to help you find the best deal on an extended warranty:
The value of older cars has gone up overall, especially if it’s an SUV. In addition, there are cars that have a reputation of reliability that you may want to hold on to for the long haul. CheatSheet says these models can get you to 300,000 miles:
Still, no car is without issues. These are the most common repairs and average costs for the vehicles above, according to RepairPal.com:
|Make/Model||Issue||Repair + Average Cost|
|Honda Civic||Cracked exhaust manifold or catalytic converter||Exhaust manifold or catalytic converter replacement, $1,176–$1,797|
|Honda Accord||AC not blowing cold air||AC compressor replacement, $545–$1,243|
|Chevrolet Silverado 1500||Erratic fuel gauge operation||Fuel pump replacement, $963–$1,073|
|Toyota Corolla||Engine won’t crank due to starter||Starter replacement, $401–$477|
|Toyota Highlander||Failed oxygen sensor||Oxygen sensor replacement, $817–$1,799|
|Toyota Tacoma||Lower ball joint issue||Ball joint replacement (lower), $223–$519|
|Ford F-150||Ignition coil failure due to excessive spark plug gap||Ignition coil replacement, $426–$695|
|Ford F-150||Engine oil leak from right head gasket||Head gasket replacement, $770–$987|
Do you plan on keeping your vehicle for as long as possible? Here are a few maintenance procedures, swaps, and repairs you should consider making:
Once you’ve made the decision to purchase an extended warranty, the next step is selecting a provider. There are many third-party companies in the industry. Read our comparison below to understand how CARCHEX comes out on top.
With over 20 years of experience in the automotive protection business, CARCHEX boasts an A+ customer service rating from the Better Business Bureau and a score of 10.0 from Thoroughly Reviewed. Our knowledgeable and honest protection specialists will help get you the most affordable coverage on the market.
We offer several customizable and affordable coverage Extended Vehicle Protection Plans: Titanium, Platinum, Gold, Silver, and Bronze. Within these levels, there are several specific plans that can be made to fit any vehicle, even those with high mileage.
Hear what one of our customers has to say about our extended warranties:
In addition to our affordable Extended Vehicle Protection Plans and excellent customer service, we also offer:
Get an extended warranty for cars over 100k miles or 15 years old and protect your vehicle for years to come. Call CARCHEX at 866-261-3457 to get a free, instant quote that’s customized to your needs today.
Consumer Reports: https://www.consumerreports.org/car-repair-maintenance/make-your-car-last-200-000-miles/
Car Care: www.carcare.org/car-care-service-schedules/general-service-schedule/
Consumer Affairs: https://www.consumeraffairs.com/auto_warranty/#guide-audience
Money Crashers: www.moneycrashers.com/extended-car-warranty/
Popular Mechanics: https://www.popularmechanics.com/cars/a23877/car-maintenance-costs-mileage/
Brake & Front End by Babcox: http://www.brakeandfrontend.com/top-10-most-common-vehicle-repairs/
Better Business Bureau: www.bbb.org/greater-maryland/business-reviews/extended-warranty-contract-service-companies/carchex-in-hunt-valley-md-23015869
Thoroughly Reviewed: https://thoroughlyreviewed.com/car-warranty/carchex-reviews/
CARCHEX is trusted and endorsed by these industry leaders.
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