![]() ![]() An extended warranty is a service contract that offsets the cost of auto repairs due to regular use. When it comes to long-term protection for your vehicle, an extended car warranty from a third-party warranty company gives you better coverage options than car repair insurance. Extended Auto Warranties Offer More Options Once your claim has been approved by the insurance provider, you can go to an authorized mechanic for the repair. When you’re faced with a breakdown or mechanical failure, you contact your repair insurance provider to file a claim.įiling a claim is an important part of the repair insurance process because it allows you to ask for pre-authorization for your repairs. Coverage for certain parts of your vehicle will be specified by your provider and the plan you choose. Many repair insurance providers don’t offer coverage for older vehicles, meaning you’ll only have it when your vehicle is newer and less likely to need repairs.Ĭar repair insurance works similarly to an extended warranty with a few limitations. Cons: Car repair insurance often has restrictions on mileage or age of the vehicle, making higher mileage cars more expensive to insure.Pros: Since auto repair insurance is usually offered as a rider or add-on policy for your existing car insurance, you’ll be dealing with just one company.Deductible cost: Most deductibles are between $100 to $300, so minor repairs won’t be covered.Average cost: Repair insurance generally costs between $50 to $1,000 a year, depending on the age of your vehicle, mileage, and level of repair insurance.Best use: Repair insurance is best if you’re driving a newer or low-mileage car and want to make sure an unexpected breakdown is covered.For example, several state branches of AAA provide car repair insurance plans, while other AAA branches offer extended warranty options instead. Companies may offer repair insurance as a rider to your existing policy or as a separate plan completely. You’re more likely to find it offered by larger insurance companies. Who offers it? Most auto repair insurance is offered through insurance agencies as an add-on service to your existing car insurance policy.Depending on your provider, there may be several different levels of coverage available. What Is Auto Repair Insurance?Ĭar repair insurance is a service offered to fix minor and major mechanical failures due to normal wear on your car. We’ll also explain alternatives to auto repair insurance like the best extended car warranty companies. This guide will help you determine if purchasing car repair insurance is the right choice for extending your vehicle’s life. Different car repair insurance and service contract providers offer multiple levels and types of protection for your car. However, there are insurance programs specifically for non-accident car repairs, called auto repair insurance.Īuto repair insurance, much like an extended warranty, covers the breakdowns and mechanical failures that happen as a result of normal driving habits. Your regular car insurance policy generally only covers repairs after an accident – not the repairs due to normal part failures that happen over time. Learn about extended warranty providers who offer flexible, affordable coverage for your vehicle.Īutomoblog and its partners may be compensated if you purchase the products mentioned in this article.Īs a car owner, you want to protect your vehicle from mechanical issues or breakdowns that happen as it ages.Auto repair insurance or a similar option like an extended warranty might be a good fit.If you’re looking for ways to further protect your vehicle, read this helpful guide first. ![]()
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