Purchasing an extended car warranty is an investment in your vehicle, so it’s critical to select the best one. Aside from price, factors to consider include reputation, coverage options and add-ons like roadside assistance and rental car reimbursement. With so many options available, you may not know where to start, but fortunately, we’ve done the work for you by compiling this list of the best extended auto warranty companies.
The most trusted extended auto warranty companies have a high BBB rating and positive customer reviews, as well as clear policy information. A good extended auto warranty company will also offer a variety of different plans, such as bumper-to-bumper and powertrain warranties. It is important to shop around and compare prices for the best coverage, and be sure to read the fine print to understand exactly what is covered by each plan.
Carchex is a significant player in the vehicle service contract industry, offering several tiers of coverage and numerous options for almost any car. Its plans are backed by AmTrust Financial Services, and its claim processing is fast and reliable. In addition, Carchex offers a 30-day money back guarantee and 24/7 roadside assistance.
Protect My Car stands out for its comprehensive coverage options and competitive pricing, with some of the highest mileage limits in the industry. It handles claims in-house and allows customers to customize their plan by selecting their own deductible. It is a great choice for older and higher-mileage vehicles.
Toco is another excellent option with three different coverage levels, including the top-rated Gold plan that covers high-tech systems and even the suspension. The company earned an A+ rating with the Better Business Bureau and is backed by AmTrust Financial Services, which provides a safety net for approved claims.
The final entry on our list is Endurance, which is a respected provider with six coverage options and competitive pricing. However, it has only a C rating with the BBB and does not have any BBB accreditation, so its claims process is not as highly rated.
The best extended car warranty companies provide a wide range of coverage options, competitive pricing and perks. To find the right one for you, it’s important to research the different plans and read customer reviews to determine what is most important. In particular, look for positive reviews about the ease of signing up and the initial customer service experience. Also, make sure to read reviews that speak to how the company handles repair requests and payment claims. If you see patterns of rejected or slow payments, it’s time to look elsewhere. With so many scams and bad experiences, a little bit of research can go a long way when it comes to identifying the most trustworthy vehicle service contract providers. Best of luck with your search!