Six Features that Every Extended Auto Warranty Should Include
Tip! However, before buying, make it a point to shop around for the best price and coverage you can get. Make sure that on buying the extended auto warranty, you don't end up buying a double warranty, which is coverage for items covered by the manufacturer's warranty.
When it comes to purchasing an automotive warranty plan, it's important to understand what these plans entail. Although many plans are different, they often share particular features. Here are six common features of auto warranties to help you understand more about these plans and what they cover.
Duration: Most basic warranties will cover you for a period of two to five years and a certain amount of miles. You can purchase extended vehicle warranties, also known as auto service contracts, that extend your coverage after the initial warranty ends. You have the option of purchasing an extended warranty from the car dealership or directly from a warranty company.
Bumper-to-Bumper Coverage: This is a common feature of all initial warranties. Basically, this means if your car breaks down, it is replaced free of charge. However, this feature does not cover things like tire changes or oil changes, which are the consumer's responsibility.
Free Scheduled Maintenance: Some warranty providers lure customers by offering a period of time where they receive free scheduled maintenance like tune-ups and oil changes. Make sure that any company offering free scheduled maintenance is not trying to entice you into a costly plan that you may regret later. Free scheduled maintenance is great -- when it's offered along with an affordable and extensive warranty plan.
Tip! Renewals: Be sure you're well educated on your policy's renewal rules. There are different rules when it comes to renewing your extended auto warranty.
Seatbelts and Airbags: It is federal law that automakers provide coverage for airbags and seatbelts for 5 years or 50,000 miles. So, if you purchase a new vehicle, you can rest assured that these items are covered for that long.
Deductibles: If you decide to go with an extended warranty plan to protect your vehicle, you may be required to pay a deductible. Whether or not you have to pay a deductible and how much it will be depends on the plan that you choose.
Roadside Assistance: Many warranty providers offer roadside assistance. This ensures that if you break down on the side of the road, you can get help with a simple phone call. If you can get this feature, by all means do so. Roadside assistance often covers the cost of a tow truck and sometimes even the cost of a rental car to use while your vehicle is repaired. And anyone who has dealt with a breakdown while traveling can tell you that this is a very valuable service indeed!
Tip! Cancellation: It's important to understand the cancellation policies of any extended auto warranty you purchase. You may choose to cancel a policy for various reasons.
There are many other features of auto warranties and extended auto warranties that vary depending on the provider and individual plan. To find out more about the features that go along with different policies, contact the warranty company of your choice. Always make sure you fully understand what is included and what is not with the vehicle warranty plan that you choose. Being educated on all the ins and outs of your policy can save you lots of time and trouble down the road!
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