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If auto warranties did not help you protect your investment and save you money, you would not buy them. When purchasing a warranty policy, it is important that you buy the right plan for your needs.

Important factors in determining the type of auto warranty you buy:
  -- Make of vehicle.
  -- Age of car.
  -- How many miles have been driven and how many miles you drive annually.
  -- Amount of time you plan on keeping the car.
  -- How much you want to pay out-of-pocket for repairs.
  -- It is also wise to evaluate if there is any sort of coverage left over from the original warranty.

All auto warranty plans are different. You are going to need to ask the underwriter of your policy what the impact is for the different factors listed above. If you have any questions, please contact us. We can help answer any questions that you may have regarding auto warranties.

Determining mileage coverage:
Estimate how much you drive every year. If you drive 10k miles/year and what to protect yourself for 5 years, you should by a five year policy that will cover you for 50k miles.

Determining what kind of policy to buy based on the type of vehicle you own:
Learn more about the different kind of auto warranty plans that are featured below.

New Cars:
New cars have manufacturer warranties and will not need any additional coverage until the manufacturer warranty expires.

Leasing for a few years:
Extended warranties are not needed if you are leasing a brand new car. New car leases come with factory warranties that are more than sufficient.

If the vehicle you are leasing has more than 32,000 miles, you need to consider buying a  bumper-to-bumper policy for full range coverage. Or if you want to buy minimal coverage that will help you save if you encounter any major engine repairs, buy power train warranty. Any term of any plan that you buy should obviously only be for the duration of time you are going to own the car.

Buying at the end of lease:
You should look to purchase your auto warranty before the lease expires. Money will be save if you purchase before 10,000 miles. But, you should buy the policy before you reach 30,000 miles.

Low Mileage Used Vehicles Up to 50,000 Miles
The most sensible auto warranty coverage for low mile cars are bumper-to-bumper plans. A bumper-to-bumper  plan should be purchased before the car reaches 10,000 miles. You can not buy a bumper-to-bumper after 50,000 miles. 

Moderate Mileage Used Vehicles Between 50,000 to 100,000 Miles
An inclusionary policy is the best option for these types of vehicles. This type of coverage will protect you from having to pay for the repairs of major components in your car.

High Mileage Use - Over 100,000 Miles
The only type of auto warranty plan that should be considered for cars with high mileage should be a power train policy. Its the least expensive type of plan and will cover the transmission, engine, drive shift and drive axles.



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