What is a good price for an extended car warranty?

Jae Yearick asked, updated on May 23rd, 2022; Topic: extended warranty
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What's The Average Extended Car Warranty Cost? Based on our research, the average extended car warranty cost is about $2,550, though it can range from $1,000 to $4,500 or more depending on the plan.

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Anyways, what car manufacturer has the best extended warranty?

Top 5 reputable extended car warranty companies

Extended Warranty ProviderOur AwardYear Established
#1 EnduranceMost Comprehensive Coverage2006
#2 CARCHEXHighest Mileage Limits1999
#3 CarShieldMost Affordable2005
#4 Protect My CarMost Maintenance Plans2005

Even though, is CarShield a ripoff? No, CarShield is not a scam or a rip-off, but it is a below-average company. CarShield has been providing vehicle service contracts for over 16 years and has earned a 4/5 rating from the consumer review site TrustPilot, yet it has a history of complaints and negative reviews reported to the Better Business Bureau.

In any way, why extended warranties are a waste of money?

Extended warranties are rarely worth your money. Products don't break on their own, and when they do, the price of repairs is usually lower than what you'd spend on an extended warranty. ... In most cases, it's best to skip the extended warranty and use your extra cash to build up an emergency fund.

Is CarShield worth?

Conclusion: Is CarShield Worth the Money? Our research on CarShield's coverage options, costs, and customer service shows that CarShield could be a great choice to protect your vehicle in the long run, especially if you're on a tight budget and in need of a used car warranty.

23 Related Questions Answered

What company offers the best car warranty?

Top Reputable Extended Car Warranty CompaniesWarranty ProviderOur AwardMotor1 Rating
1. EnduranceBest Coverage4.6 / 5.0
2. CARCHEXBest For Used Cars4.4 / 5.0
3. Protect My CarBest Maintenance Benefits4.3 / 5.0
4. Autopom!Best Claims Process4.2 / 5.0

Will extended warranty cover engine?

Generally, your warranty will cover major mechanical components like the engine, the transmission and major moving parts like the drive axle.

How much is BMW extended warranty?

BMW Extended Warranty Cost Many people paid between $2,500 to $3,500 for three years of coverage. This is a high price for an extended warranty plan compared to competitors, but it is not surprising considering the high maintenance cost of BMW vehicles.

Who is the president of CarShield?

Mark Travis - Owner - CarShield | LinkedIn.

How much is CarShield monthly?

The simple answer is that a CarShield plan costs $129.99 per month, on average. That being said, their very basic, no frills plan begins at $99.99 per month. Your cost will vary greatly depending on the age and mileage of your car, and other factors that are specific to you.

Does CarShield cover timing belt?

The engine block, rotor housing, cylinder barrels, cylinder heads, oil pan, engine oil dipstick, engine oil dipstick tube, timing cover / timing case, and valve cover are not covered if they are damaged by a covered internally oil lubricated engine part.

Why should you avoid extended warranties?

A March study from Stanford University found that consumers may overpay for extended warranties because they overestimate the likelihood that a product will need a repair. Still, nearly a third of consumers have purchased one, with those buying exercise machines and major appliances most likely to to do so.

Is Bosch extended warranty worth it?

In sum, a Bosch dishwasher warranty may be a good option if you own a Bosch dishwasher and only want protection for that appliance. Bosch extended warranty plans have technicians that are specifically certified to work on Bosch products in metropolitan areas and the plan is cheaper than other home warranty plans.

Do I need warranty for OLED?

LG's premium OLED TVs now come with a five-year warranty, so any defects within that time period will be fixed free of charge. It applies to the LG OLED G1 (above), which comes in 55-, 65- and 75-inch sizes, and the OLED Z1 8K set, which comes in 77- and 88-inch sizes.

What is not covered by CarShield?

CarShield Coverage Plans. This plan is comparable to a new car's factory warranty. It is exclusionary, and the contract lists only parts that aren't covered. Excluded parts include aesthetic parts, trim, hoses, belts, and wear items.

Is there a deductible with CarShield?

CarShield pays claims directly to a US or Canadian ASE-Certified® repair facility of your choice. Our contracts have low or no deductibles to prevent stress to your wallet at a critical time. Never worry about being stranded somewhere after a breakdown.

Does CarShield cover engine replacement?

A CarShield service contract covers the mechanical parts of your vehicle. ... With a CarShield service contract, your engine, transmission, and other vital car parts are protected anytime they break down or malfunction.

What is Honda warranty on a new car?

All new Honda vehicles are covered by a 3-Year/36,000-Mile Limited Warranty, plus a 5-Year/60,000-Mile Powertrain Limited Warranty. 5-Year/60,000-Mile Powertrain Limited Warranty: All new Honda vehicles are covered by a 3-Year/36,000-Mile Limited Warranty, plus a 5-Year/60,000-Mile Powertrain Limited Warranty.

Is timing belt covered under extended warranty?

As a rule, extended warranties do not cover scheduled maintenance items such as oil changes, timing belt replacements or tune-ups. Most extended warranties don't cover items that wear out, such as brake pads and windshield wipers.

What does the Magnuson-Moss Warranty Act do?

The Magnuson-Moss Warranty Act is the federal law that governs consumer product warranties. Passed by Congress in 1975, the Act requires warrantors of consumer products to provide consumers with detailed information about warranty coverage.

Is a car battery covered under warranty?

Car batteries are considered "wear & tear" items, like tires, brake pads and motor oil, so they are not typically covered by extended warranties. However, batteries do typically come with their own warranty coverage.

Is BMW extended warranty worth it?

The New Vehicle Warranty is bumper-to-bumper coverage with just a short list of exceptions. If you plan to keep your BMW longer than the first four years, it's certainly worth considering an extended warranty if you don't want to keep up with repair costs on your own.

Is it worth buying BMW extended maintenance?

Even after the factory warranty expires, a BMW extended warranty may not be worth the price if your car is reliable and repair costs are low. But as all BMW owners are aware, BMW maintenance is particularly expensive. As luxury vehicles, BMW parts are expensive, so repairs can be costly.

Is maintenance on a BMW expensive?

FAQ: BMW Maintenance Costs Yes, BMW's maintenance cost after the warranty is more expensive than many other brands – luxury or not. A BMW can cost about $5,000 more to maintain over a 10-year period than a Mercedes-Benz, and $12,000 more than a Toyota. Why are BMWs so expensive to maintain?

Who is Mark Travis owner of CarShield?

Mark Travis is the owner of CarShield based in Saint Peters, Missouri.

Where is CarShield headquarters?

CarShield maintains a corporate office in St. Peters, Missouri.

Why do I keep getting car warranty phone calls?

“This is an illegal robocall and likely a scam,” the agency warns. “The companies behind this type of robocall are not with your car dealer or manufacturer, and the 'extended warranty' they're trying to sell you is actually a service contract that often sells for hundreds or thousands of dollars.”

Does full coverage cover a blown engine?

The National Association of Insurance Commissioners says that maintenance, such as an oil change, is typically not included in car insurance coverage. Whether it's routine maintenance, a mechanical failure or a blown engine, car insurance will most likely not cover the costs of repairing or replacing your vehicle.