All you need to know about car warranties
Car warranties are insurance policies that help cover for any damages that could be caused to your car. When you buy a new car, the company offers you around 1 to 5 years of warranty. This helps you to get free-of-cost services for mending or replacing any part of your car in case of any malfunction. These warranties generally cover the car engine, transmission system, temperature control system, and infotainment system. However, when this time period gets over, you need to pay service charges and many other charges if your vehicle needs any treatment. To get rid of these over expenses, several companies offer car warranties.
What is a car warranty
It is a type of insurance policy that helps you by saving your garage bills for a certain period of time. By investing in this policy, you will be able to safeguard your vehicle. You don’t have to pay for any fault or malfunctioning of your vehicle. Whether it is wear-and-tear or any accidental damage, if your vehicle is under warranty period, the insurance company has to pay for the repair or replacement charges. The company also pays for the labor costs along with the cost of the replaced parts.
Extended car warranties
In case you buy a brand new vehicle, the manufacturer offers you a warranty cover for a maximum of 5 years.
Therefore, it is better to buy your own car warranty policy. There are several companies offering extended car warranties; some of them have been mentioned below:
- Endurance Auto Warranty
- Car Shield
- Protect My Car
- Forever Car
- AA Auto Protection
How much does an extended car warranty cost?
If this question is haunting your mind every time, you need to find an answer by conducting a small research. Generally, the cost of an extended car warranty depends upon the type of your car, whether it is a general car or a luxury vehicle, whether it is an SUV or a sedan, what coverage are you looking for—for example, accidental cover, wear-and-tear cover, etc.—what parts do you want to cover—such as only the engine, infotainment along with the engine, temperature control system, etc.
