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How Much Will an Extended Car Warranty Cost?

Updated on February 23, 2012

It's Ok... You Don't Have to Be Afraid of an Auto Warranty

Millions of vehicle owners do not have any kind of extended car warranty. This is probably because they were either given outrageous price quotation by a car dealer, or that they often hear rumors about these car warranty programs not giving them what was originally promised. To put an end on these entire buzz, let's get into the nitty gritty about the exact price that you are really paying for a vehicle extended warranty plan and also the benefits that you will get out of these plans.

Get a free quote on an extended car warranty here.

Myths About Vehicle Warranty Deals

The reason why most people would be given outrageous price quote by dealers is simply because they want to gain more commissions out of these extended warranty plans. The overpricing is intentional because they can actually make more profit from these vehicle extended warranty plans, than they do out of selling a car, believe it or not. That is a sad fact that is happening everywhere.

Being misguided on the actual parts covered for each level of coverage is the main reason why most people find themselves disappointed when it comes to filing a warranty claim. When the plan was first offered to them, they would be promised about certain benefits. However, when the time comes for them to take advantage of the plan, they would realize that some of the things that they were promised for are not exactly true at all. So if you plan on getting an extended warranty for your vehicle, it is important that you know exactly what is covered and what is not covered under the warranty plan.

How to Avoid Warranty Scams

In order to avoid being victimized by these scams, it is important that you buy your extended car warranty directly from a real warranty company. The savings are hard to believe and you will be given several different quotes, allowing you to compare prices. Choose something that would benefit you, and select the one that won't cost you a lot of money. In reality, these warranty plans are only sold for pennies on the dollar, as compared to those humongous prices that car dealers will quote you. Go directly to the company, instead of going through a car dealer, to also avoid any misunderstandings about what exactly is covered and what is not.

Video of learning how to avoid car warranty scams

Knowing how to stay away from fraudulent companies and individuals that are offering auto warranty deals is crucial in today's world. There are a few tips you should keep in mind that will help you stay away from these scams that are going around. One basic rule of thumb is to never buy an extended warranty from someone who offers it to you over the phone, especially when they are the ones who contacted you out of the blue and you don't know who they are. Also, if they don't offer a lot of details about their company or offer a number to call them back, that should raise some red flags too.

Questions to Ask before You Buy

In truth, extended warranty plan is not as expensive as what many think it is. Just like the same with everything else, it will actually depend on where you will buy your warranty. Cutting out on auto dealer commissions is definitely a sure way of saving big amount of cash both today and in the future, when the time comes that you need to file a claim for the vehicle warranty for repair.

Here are some of the important questions that people would often miss out asking when getting their vehicle extended warranty plan: Does the plan covers towing? If so, what are the distance limitations for this? In case I encounter a break down out of town, is lodging covered?

Once you get a positive response for this, then that will be enough indication that you are indeed getting a good vehicle extended warranty plan.

What Is Your Experience with Car Warranty Companies? - Let us know

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    • LauraCarExpert profile image

      LauraCarExpert 4 years ago

      Thanks for educating everyone regarding extended warranties. It can be very complicated to understand for first time car owners.

    • profile image

      anonymous 4 years ago

      @anonymous: How do you know this are you there to witness this ? or are you speculating ? what is your relation to Mr romney ? are you a cock sucker ? sounds to me as if you are jelouse about sucking cocks !

    • profile image

      AlinaAlbert 5 years ago

      I just love the lens it is very informative. I also know about Towing company dallas

      that is very good.I hope you will also like this.

    • profile image

      anonymous 5 years ago

      mitt romney sucks mormon cocks on sunday nights

    • profile image

      anonymous 5 years ago

      This company is the worst. They have the highest prices on the web. I called AA Warranty and they had the same policy for 400.00 less.

    • profile image

      panpandada 5 years ago

    • CruiseReady profile image

      CruiseReady 6 years ago from East Central Florida

      Interesting information.

    • Deano1979 profile image

      Deano1979 6 years ago

      Great lens

      Regards

      Car Body Repair