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warranty company

Shopping online for extended warranty coverage isn’t as easy as shopping for, say, an MP3 player or even the car itself. Generally, when we’re looking for consumer goods on the web, we consult a trusted nonprofit publication like Consumer Reports; however, when it comes to extended warranty coverage for autos, Consumer Reports issued a report that they’re ALL a lousy deal! It’s easy for them to say, but some people aren’t that great at saving huge chunks of money or who worry incessantly “What will I do if I have a breakdown?” For these folks, finding a warranty company is critical for peace of mind. Even without Consumer Reports, there are many sites offering a free online warranty quote, in exchange for a little information, of course.

When you’re dealing with a warranty company online, there are a few things to look for. Be sure they’re BBB approved and that you can find their address or executive names somewhere on the site. Check to see if the warranty company is backed by an insurer or financial backer, which will guarantee that you’ll be covered even if the company suddenly goes belly up. You can then cross-check the financial backer with the AM Best website to see how reliable they are. Your State Insurance Commission can also tell you if any complaints have been filed with the company. Your warranty quote should deliver a clear, comprehensive detailing of what you will get for your money. If they can’t provide you with the level of detail you need or if they seem vague, then look elsewhere.

It’s important before you get a warranty quote to understand your vehicle’s defects and your driving habits. Are you the sort of person who brakes hard and needs new rotors several times per year? Do you wear out gaskets, calipers and seals? Does your engine ever overheat or does your coolant system break down? Did you buy a Jimmy, a Jeep or a Land Rover, which are cars with known problems? If you’re good to your car, then the manufacturer’s warranty (with an additional year or two, at most) may be just fine for you. If you beat on your car mercilessly, then you’d better go with the most comprehensive extended warranty coverage you can get!

Are you afraid of searching for a warranty quote because you don’t want to provide personal information or receive spam email? You can check MyCarIsCovered.com for a quick, free quote that only asks for vehicle make/model/mileage/state. Generally, it’s difficult to find free quotes without providing some sort of personal information because the businesses are, first and foremost, sales-oriented. This is how many businesses get juicy leads for solicitation purposes. However, on the bright side, if you’re willing to invest a little extra time, then you can research company websites that have ballpark prices and coverage details to comparison shop. Then you can follow up with the ones that seem legit. A little bit of reading can go a long way towards saving you thousands of dollars!

automobile warranty

If you’re buying an older model car, then extended warranty plans might be a smart idea. However, many newer vehicles from General Motors, Acura, BMW, Saab, Cadillac, Volvo, Lexus and Jaguar have replaced their old 3 year/36,000 mile warranty plans for 4 or 5 year/100,000 mile plans. In addition, many used cars have warranties that transfer over from the original owner to you, so be sure to find out the details. You can avoid classic auto scams by doing your research online and getting an extended warranty quote or two, prior to visiting the dealership.

One common problem people run into is to fail to read and understand the agreement before they get work done. Knowing the right questions to ask your warranty company is crucial, experts say. For instance, ask if you can get the work done at any shop, or do you have to look for a certain certification, or in some cases return to the dealer? Additionally, is your car covered for “wear and tear” damage or just mechanical failure?

You should have a comprehensive list of all the parts that are/aren’t covered! Sometimes you’ll get a “bumper to bumper” warranty that covers everything except for the wear items, like brakes and tires, while other times you’ll get a “power train” warranty, which covers the engine and transmission. While it’s rare to find a company that offers coverage for everything, you should ensure that some of the most expensive repairs will be taken care of.

Secondly, you should find out if there are certain stipulations that would make you ineligible for utilizing purchased warranty plans. In some cases, consumers have had their claims denied because they continued driving after their engines overheated or they attached unauthorized tow hitches to their cars. Sometimes, if you don’t get regular oil changes or fluid top-ups, then you could be at risk for vetoing your right to coverage as well. Know the rules and stick to them!

Some people need warranty plans, while others can get by simply saving money each month for anticipated repairs. Regardless, the best way to protect your investment is to get regular oil changes, air filter changes, fluid top-ups and tire rotations. Don’t let things wear down until they wreak havoc on other parts of your vehicle. Before you visit your dealership to buy a car, do a little bit of internet research and get an extended warranty quote. You’ll be happy you had that bartering chip later.

used car warranties

“I estimate that the WCPSOnline website has helped us to be over 40 percent more efficient over the last two years,” explains Warrantech VP Link Wiley. “But it is not just about cutting our costs. The cycle of authorization, repair and payment is shorter, so service centers save time as well. Essentially, the customer gets faster service, the service centers get paid quicker and we are able to keep the pricing of our warranty plans competitive.” By modernizing their operations, this highly esteemed warranty company is able to improve customer satisfaction through process efficiency. They work with dealerships to offer new car warranties, but they’re also marketing to people who are looking to extend their used car warranties as well.

The most popular plan offered by Warrantech is the Repairmaster. The “Powertrain Coverage” plan includes the engine, turbocharger, transmission, drive axle and transfer case components. Or you may choose the “Select Coverage,” which includes all powertrain components, as well as electrical, steering, air conditioning and brake components. The third plan offered is the “Deluxe Coverage,” giving you everything in the Select Plan, plus cooling, front/rear suspension, fuel delivery and enhanced electrical components.

There are also optional surcharged plans to accommodate vehicles that get a lot of wear and tear. For example, the Commercial Use plan, the Seals and Gaskets plan (for vehicles with over 80,000 miles), the Enhanced Electrical plan and the Conversion coverage plan (for recreational vehicles). With all plans, you’ll receive travel/towing bonuses.

Warrantech extended warranty coverage offers everything consumers need from a warranty company. They give up front details on their site (like executive names and company history), they offer several levels of coverage to choose from, they have a proven track record for success, they’re AM-Best and BBB approved, and their customer service is often touted. You can get coverage for 1 year/12,000 miles up to 7 years/100,000 miles at an affordable rate, but you’ll have to contact them online for an extended warranty quote.

If you’ve looked at the Warrantech page and weren’t impressed by the offerings or the company legacy, then there are many other sites to try for an extended warranty quote. Warranty Direct and the National Warranty Corporation are two other highly praised, competitive companies you can check. One important thing to remember is that you can often get a better deal shopping around on the internet, rather than going through the dealership with its retail markup.

extended warranty coverage

Customers who like to be prepared for everything should purchase extended warranty service, especially if the automotive warranty is only for 3 years/36,000 miles. For a good car that has been taken care of, most trouble surfaces around the 80,000 mile mark when new transmissions, new brakes, new calipers or inner gaskets and seals are required, due to regular wear and tear usage. Therefore, it’s important for consumers who are looking for an extended car warranty to search for comprehensive coverage that includes “wear and tear” and lasts long enough. It’s equally important that the vehicle being purchased is free from defects as well.

First, consumers should check to find out who is backing the extended warranty service. Is it an independent company or the vehicle manufacturer? Generally, manufacturer-based used car warranties are ideal, known for the easy-to-use guarantee. With an after-market extended car warranty, the owner will need to read the stipulations to ensure that everything is covered.

For example, some companies require that owners call before the work is done. Some companies require regular oil changes and fluid top-ups for work to be covered. Depending on the arrangement, sometimes the company pays the auto mechanic directly, whereas other times the warranty company pays the car owner back later. Reading and understanding the agreement is crucial in preventing unpaid claims.

Secondly, consumers should ask if there is a deductible. For some people, paying a fixed amount per visit or per repair is a relief. For others, this deductible may still run up a hefty bill that is unacceptable. Sometimes, an extended warranty program will have a “per visit” deductible, which is one payment per shop, no matter how many parts are repaired. By contrast, a “per repair” deductible applies to each and every serviced part. While a “$100 deductible” sounds like small potatoes, it could add up if the fine print says it’s a “per repair” deductible. After getting an air conditioner, fuel pump and alternator repaired, suddenly a $300 bill may appear. The extended warranty service contract should be looked at carefully. Many warranties have a 30 to 60 day money back guarantee, so some consumers purchase it and have their lawyers look over it later to be sure it’s fair.

extended warranty service companies may come and go, which makes some people wary. Manufacturer warranties are often trusted because the car companies have been around for decades, with proven accountability. Consumers who are shopping around for a warranty company should read up on the company’s history and years of operation. Are they registered with the BBB? If so, were copious complaints filed? Many consumers can get a better deal on their warranty online versus purchasing through the dealership, but it requires a little bit of research.

extended warranty coverage

An extended warranty plan is a good idea if you’re purchasing a car with a three-year/36,000 mile manufacturer’s warranty. Many of the top-selling brands, including Ford, GM, Saturn, Jeep, Volvo, Volkswagon, Nissan and Honda, offer these smaller warranties, whereas high-end luxury vehicles like Ferrari, Lamborghini and Rolls-Royce are covered for nearly 100,000 miles. However, all 2008 and later GM models are offering a five-year/100,000 mile warranty now. If you have a five-year or six-year warranty, then chances are you’ll be fine. For the smart shopper, there are several things to consider when scouring the internet for an extended warranty quote.

First of all, be sure you’re dealing with a solid company. See that they’re listed in the Better Business Bureau or Web Assured, and that they have years of experience. For example, Warranty Direct has been in business for 26 years and NWC have been in business for 20 years. Read consumer comments and testimonials, check to see if the company services any dealerships and ask if they have a reinsurance program, which means they will be good for the money, even if many people are filing claims all at once.

Once you’ve purchased your extended warranty plan, understand that there are several tips you must follow to avoid your claim from being denied, which can be really agonizing if you’ve paid thousands for coverage! One rule of thumb is to get approval from your warranty company before repairs are done. Sometimes, your company may want to inspect the car for themselves before work is done to protect themselves against fraudulent claims. Some warranties require oil changes every six months and if you don’t follow the rules, they won’t pay for your repairs! Similarly, always pull over if your car overheats. Some warranty companies won’t pay for damage caused after overheating. If you don’t get your fluids topped up or your worn gaskets replaced in a timely manner, then your claim may also be rejected. In some cases, the mechanics have to rip your car apart to get to the damaged part, which may not be necessarily covered. If you have added alterations, like unauthorized tow hitches, then you may also not be eligible for your warranty any longer.

There are some common lies that dealers tell consumers to get them roped into an extended warranty plan prematurely. Remember, they are salesmen and they’re out to get the highest commissions and the highest interest, thus gaining them more profits. One excuse is that “the loan won’t be approved unless you buy the insurance.” Be aware that most auto extended warranties can be returned within 30 days with a 100% moneyback guarantee, so if you’re coerced, you can always rid yourself of the plan if you find a better deal elsewhere. Another lie dealers tell is that “you must buy now or you can never get extended warranty coverage.” This is simply not true. The problem with buying from a dealer is that they like to draw up slick pseudo-contracts without showing you exactly what’s covered before you buy. If you look online, then you can go directly to the source and see what you’ll be getting.