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An auto warranty is a warranty that was provided by your vehicle's manufacturer when you purchased the car, which covers the car for a certain number or miles or years. The warranty is backed by the manufacturer and covers certain repairs provided your car is under a certain age or mileage.
An extended auto warranty is a service contract that covers auto repairs after the factory car warranty expires. Drivers can purchase aftermarket auto warranty coverage from vehicle manufacturers or from the best extended car warranty companies on the market.
Key Takeaways
The cost of an extended warranty ranges from about $1,600 to $4,500.
An auto warranty covers repairs to essential parts and components such as the engine and transmission for a set number of years or miles.
An extended used car warranty is worth it for many drivers who want peace of mind on the road.
When shopping for car warranty coverage, the best thing to do is shop around to find the best free quote for your vehicle.
That way, you can compare each company’s prices upfront and get a feel for customer service.
What Is An Extended Warranty On A Car?
An extended car warranty, also called a vehicle service contract or aftermarket car warranty, is an optional service plan that helps cover the cost of certain car repairs or part replacements. An extended service plan usually takes effect after your manufacturer’s factory warranty has expired, though the two warranties sometimes overlap.
The main difference between a manufacturer’s warranty and an extended auto warranty is that a manufacturer’s warranty is included at the time of a vehicle's sale. Extended car warranties, on the other hand, cost an additional fee.
What’s Covered Under An Extended Warranty?
Extended car warranties cover repairs and replacements for breakdowns that come from normal use. Depending on your plan, it may cover your powertrain, electrical system, air conditioning, and other systems.
Most extended warranties do not cover routine maintenance for your vehicle. Things like oil changes, brake pads, and tires are usually the owner’s responsibility. The best extended car warranty companies have several coverage options, so you can select a plan that fits the needs of your vehicle.
How Much Does An Extended Auto Warranty Cost?
Based on our research, extended warranties lasting between three and six years cost anywhere from $1,600 to $4,500 on average. Bumper-to-bumper warranties tend to be more expensive, as they cover more components. Longer-lasting coverage also increases the contract price. Other factors that affect car warranty costs include:
Deductible
Vehicle age, make, model, and mileage
Existing coverage
Location
Provider
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