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May 2, 2024 · An extended car warranty costs about $2,845 in total and $108 per month on average, but costs depend on vehicle age, mileage and plan type.
- Your Vehicle’S Make and Model
- Your Vehicle’S Age and Mileage
- Your Vehicle’S Reliability
- Current Labor Rates
- Your Choice of Warranty Provider
Some vehicles are more expensive to keep running than others, which means that warranty companies tend to charge more for those vehicles. “Make and model will absolutely be No. 1,” a protection specialist with Endurance told us. As a loose rule of thumb, expect to spend more for a warranty if you drive a more expensive car. “The more expensive the ...
The age and mileage of your car will heavily factor into the cost of warranty protection, too. In the vast majority of cases, a 2018 model with 50,000 miles on it will cost more to protect than a 2023 model with 50 miles on it. This is simply because the newer model is expected to go much longer without needing its first major repair. The amount yo...
The expected reliability of your vehicle — namely, the anticipated cost and frequency of repairs — can also play a role in what you’ll pay for an extended auto warranty. According to J.D. Power, the most reliable brands in 2023 were Lexus, Genesis and Kia, while the least reliable were Audi, Lincoln and Land Rover. In our extended warranty breakdow...
According to the protection specialist we spoke with at Endurance, dealership labor rates are a lesser-known factor driving the cost of extended auto warranties. This makes sense from the warranty provider’s perspective. Extended auto warranties typically cover the cost of both parts and labor, so when the cost of labor rises, they raise the price ...
It’s incredibly rare for two warranty providers to have the same price for similar plans. The handful of quotes we collected for our writeup on Genesis extended warranties do a good job of illustrating just how unpredictable extended auto warranty quotes can be between providers.
People also ask
How much does a car warranty cost?
How much does an extended car warranty cost?
Why does a car warranty cost more?
What does a car warranty cover?
Apr 16, 2024 · In general terms, an extended car warranty is going to cost between $800 and $1,000 that covers most major components with a $100 deductible on a new or a low-mileage used car.
Jan 18, 2024 · The average cost for an extended car warranty is $3,026 across all coverage levels. Our research team found that on average, monthly payments for extended car warranty coverage range from $120 to ...
- Is an extended warranty worth it for cars?Many car owners find an extended warranty is worth it for the added peace of mind and potential to save hundreds or even thousands of dollars on ex...
- What is the average cost of an extended warranty for a used car?Extended car warranties cost about $2,893 for used vehicles. Your extended car warranty cost will depend on your vehicle’s age and mileage, as well...
- Who has the best extended car warranty?In our review of the nation’s top extended car warranty companies, Endurance was recognized for having the Best Coverage overall. We recommend Endu...
- What does an extended warranty cover?An extended car warranty covers specific mechanical breakdowns outlined in a contract. Coverage options vary from comprehensive plans that match a...
- How profitable are extended car warranties?With profit margins of up to $1,000 from each sale, extended car warranties are highly profitable. Extended warranty businesses tend to be more pro...
- How do warranty companies make a profit?To make a profit, warranty companies must make more from warranty payments than they pay in operating costs, which includes the costs of sales and...
- What is a downside to purchasing an extended warranty?Having the peace of mind that an extended warranty brings is a huge benefit of buying an extended warranty, but it can be a double-edged sword. Man...
Jul 20, 2023 · The cost of a warranty depends on several factors, including the make and model of the vehicle and the company you buy the policy from. When you know how much money the extended car warranty costs ...
- Finance & Insurance Editor
Nov 7, 2022 · Both Hyundai and Kia, for instance, offer one of the industry’s longest warranties on new cars — a 10-year/100,000-mile powertrain warranty. However, if the vehicle is sold, only a 5-year ...
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related to: average cost of a car warrantyAn Extended Service Plan Provides Protection From Unexpected Vehicle Repair Costs. Choose Between PremiumCARE, ExtraCARE, BaseCARE, & PowertrainCARE.
carshield.com has been visited by 10K+ users in the past month
Drive Smart, Drive Protected. Get CarShield And Keep Your Vehicle On The Road Longer. Don't Get Stuck with Expensive Auto Repairs. See How CarShield Helps You Save
Our Customers Love Our Auto Warranty Comparison Services. Join Them By Signing Up Today! Compare 2024's Best Auto Warranty Providers. Find The Right One For Your Vehicle
