Types of auto warranties
When you buy a certified pre-owned car or a brand-new vehicle, you get a warranty from the manufacturer’s end that covers repairs for three years minimum and can be further extended by paying extra money. While this is one option, we can also explore other warranties that automobile companies offer. When your vehicle reaches its age, you start paying the cost out of your pocket by making frequent trips to the workshop for repair works.
Here are some of the types and best companies providing auto warranties.
Types of auto warranty
Powertrain warranty, bumper-to-bumper warranty, emissions, and corrosion control warranties are some basic types of auto warranties.
Bumper-to-bumper warranty
It is a comprehensive kind of protection for your automobiles and vehicles. This type of auto warranty covers most parts of the vehicle system. The wear and tear parts and routine maintenance services are all excluded.
Corrosion and rust warranty
The rust and corrosion warranty covers the replacements and repairs of the rusted metal sheet on the vehicle’s body.
Powertrain auto warranty
The powertrain warranty covers the parts of the automobiles like the engine, driveshaft, transaxle, and rear and front-wheel drive systems.
Accessory warranty
In this type of auto warranty, the auxiliary components and the original equipment like the sound and navigation parts, airbag, seat belts, and other safety features (if broken/damaged) are covered or considered.
Now that you know the different types of auto warranties, let’s look at the best companies for auto warranties.
Endurance
Endurance is one of the best companies for extended auto warranty of vehicles with high mileage. It has coverage options available for vehicles up to 200,000 miles or those as old as the 1958 model. Endurance has four service plans for used and new cars: Superior, Supreme, Secure, and Select Premiere. The Supreme Plan offers the same similar benefits as an exclusionary plan. The Secure Plan has standard benefits that are equivalent to powertrain coverage. The Superior plan is one of the most comprehensive plans offering protection for suspensions, air conditioners, and superchargers/turbo. Select Premiere is an intermediate plan that is for high mileage vehicles. Endurance provides an exhaustive list of coverage benefits for this plan.
Liberty Bell Auto-Protect
Liberty Bell offers some comprehensive lists in the extended auto warranty industry. It covers 46 manufacturers. Their extended auto warranty plans include Platinum Plus, Platinum, and Platinum Prime that offer standard coverage with more added benefits. The company’s comprehensive coverage in the Platinum Prime Plan includes GPS navigation system protection. It allows you to transfer the car warranty to twice per household without paying the change fees typical in other companies. The only conditions are that the person to whom you’re transferring the policy can’t cancel the contract until its term, and you can’t transfer it to somebody who uses that vehicle for commercial purposes.
Carchex
It is a reseller company that works with different providers. Dealerships and certified mechanics widely accept it. It is a well-known name and an established company that has been in the industry for over 19 years. It has a wide variety of providers on board, which means various options available to choose from that fit your budget. Carchex offers five different plans/tiers — Titanium, Platinum, Gold, Silver, and Bronze— each plan has different levels of coverage benefits. Carchex plans are easy to purchase and can be transferred if you sell your car. It provides 24/7 roadside assistance. The payment of these auto warranties is spread for 18 months and comes with a 30-day money-back guarantee.
Here are some of our top picks suggesting the best auto warranty companies in the country. Car dealers and third-party companies sell these service contracts and offer different plans at different prices, so you can choose one according to your requirements. To know more details on the coverage benefits of each plan, you can check the official website of the company.