Insurance:
Is designed to provide financial protection against accidents, theft, and other Unpredictable events that can cause damage or loss involving the vehicle.
Extended Car Warranty
Is designed to cover the cost of certain repairs and replacements after the manufacturer's warranty expires. EAW protects specific components of the car that have out of the dealer's warranty.
EAW does not cover things like an insurance does as, accidents, another person damage to paint, aesthetic car damage.