58 Worcester St, West Springfield MA 01089, United States
58 Worcester St, West Springfield MA 01089, United States
In this comprehensive study, we have conducted extensive research on the vehicle service contract industry to provide you with the best ratings for extended car warranties. Our ratings are based on a scale from 1.0 to 5.0 stars, taking into account factors that are crucial to extended car warranty customers. These factors include coverage, cost, transparency, customer experience, and reputation.
After thorough analysis, we have identified the following providers as the best options for extended car warranties. The table below highlights their scores in each rating category:
Rank | Provider | Motor1 Award | Overall Rating | Cost Rating | Coverage Levels | Year Founded | Customer Service Rating |
#1 | Endurance | Best Coverage | 4.6 | 4.5 | 6 | 2006 | 4.4 |
#2 | Forever Car | Best Value | 4.5 | 4.8 | 4 | 2011 | 4.1 |
#3 | Olive | Best Online Warranty | 4.5 | 4.8 | 3 | 2000 | 4.3 |
#4 | CarShield | Best Monthly Payments | 4.5 | 4.6 | 6 | 2005 | 4.2 |
To determine the overall score, we conducted a survey with 1,000 consumers who have purchased or considered purchasing an extended warranty. We weighed each category based on the survey results. The survey revealed the following ranking of factors in terms of importance to consumers when purchasing an extended warranty:
Satisfaction rates among respondents who had extended warranties were positive, with 65 percent expressing satisfaction and only 13 percent reporting some level of dissatisfaction.
Endurance is our top pick for the best extended car warranty provider due to its extensive coverage options and reasonable prices. With Endurance, you have access to a wide selection of standard warranties and maintenance plans. Here are the key details:
Endurance stands out for its comprehensive coverage options and additional features that cater to various needs:
Endurance Extended Warranty Coverage
Endurance offers six tiers of coverage, ranging from basic powertrain warranty to factory-level coverage. The term lengths for each tier are not specified, but coverage is available for up to 8 years/200,000+ miles. Here are the details:
Warranty Plans
Endurance provides six tiers of protection, allowing you to choose the coverage that best suits your needs and budget. One notable plan is the Endurance Advantage, which combines extended warranty coverage with vehicle maintenance services.
Additional Benefits of Endurance Warranty Plans
Endurance provides several benefits to enhance your ownership experience and provide added value:
Endurance Car Warranty Cost
Endurance offers relatively affordable coverage compared to other companies, considering the length of the plans. The total cost of Endurance plans can range from $3,200 to $4,900, depending on the coverage and terms selected. Monthly payments range from $107 to $163 over 24 or 30 months. Here are some sample quotes:
Warranty Plan | Term | Monthly Cost | Total Cost |
Exclusionary: Supreme | 5 years/100,000 miles | $114 for 30 months | $3,420 |
Mid-level: Superior | 5 years/100,000 miles | $134 for 24 months | $3,224 |
Powertrain: Secure | 5 years/54,000 miles | $133 for 24 months | $3,199 |
Endurance’s Reputation and Customer Service
Endurance has a strong reputation and positive customer reviews. On Trustpilot, the company has a score of 3.8 out of 5.0 stars based on reviews from 6,558 customers. While it is not accredited by the Better Business Bureau, it has a 3.63 out of 5.0-star rating based on 2,346 reviews on the platform. Endurance is recognized for its direct provider approach, which ensures a smooth claims process and direct interaction with the company.
When it comes to the best extended car warranties, Endurance stands out for its wide selection of coverage options, reasonable prices, and additional benefits like collision discounts and roadside assistance. Their comprehensive plans, coupled with positive customer reviews, make Endurance our top recommendation for those seeking the best extended car warranty.
Remember to carefully consider your specific needs and compare different providers to make an informed decision that aligns with your budget and coverage requirements.
Why We Chose ForeverCar Extended Warranty: Simple Three-Year Contracts with Affordable Payments
ForeverCar extended warranties offer an excellent option for affordable coverage for vehicles less than 10 years old. The company provides the following key features:
Good Coverage Options
ForeverCar offers coverage plans that go beyond basic powertrain contracts. Their lowest plan provides coverage for more than just the powertrain, while their highest coverage plan even includes wear-and-tear items like brake pads.
Good Value
ForeverCar stands out as a budget-friendly option with affordable monthly payments and total plan costs compared to other providers in the industry.
Wear and Tear Coverage
The highest level of coverage from ForeverCar includes protection for wear and tear items, such as brake pads, which is a rarity in the industry.
ForeverCar Extended Warranty Coverage
ForeverCar offers simple coverage plans with a duration of three years and unlimited mileage. While there is no specified maximum mileage limit, the company does not provide coverage for vehicles beyond 10 model years old. Once the payment term is over, customers can reapply for another contract if their vehicle is still eligible. The plans come with a 30-day money-back guarantee and are available in all states except Washington and California.
ForeverCar Extended Warranty Plans
ForeverCar provides four different plans, each recommended based on the condition of your vehicle. Here are the details of the plans:
Warranty Plan | Recommended For | Details |
Platinum Plus | Factory coverage for newer vehicles | This plan covers almost any breakdown, excluding a list of specific exclusions. It also includes wearable parts like fuses, light bulbs, and brake pads. |
Platinum | Factory coverage for newer vehicles | This plan covers almost any breakdown, excluding a list of specific exclusions. |
Gold | Enhanced coverage for most major systems | This plan protects most major systems of the vehicle and provides enhanced coverage for various electrical and mechanical components. |
Silver | Basic coverage for most major systems | This plan protects most major systems of the vehicle. |
ForeverCar Perks
All ForeverCar contracts come with the following perks:
ForeverCar Extended Warranty Cost
The total cost of a ForeverCar warranty ranges from approximately $1,740 to $1,890, making it competitively priced compared to other providers in the industry. The monthly payments for ForeverCar plans are around $50, with a payment period of 36 months. Deductible options of $0, $100, $250, or $500 are available.
ForeverCar offers affordable pricing, particularly for newer cars or vehicles with lower mileage. However, it’s important to note that plans may be more expensive for older cars or vehicles with higher mileage.
Here is a breakdown of the cost for each plan with a $100 deductible, based on a 2017 CR-V with 45,000 miles:
Type | Plan Name | Term | Monthly Cost | Total Cost |
Exclusionary | Platinum Plus | 3 years/unlimited miles | $53 for 36 months | $1,890 |
Mid-level | Gold | 3 years/unlimited miles | $50 for 36 months | $1,798 |
Powertrain | Silver | 3 years/unlimited miles | $48 for 36 months | $1,744 |
Please note that these quotes are based on a $100 deductible and specific vehicle details.
Getting a quote from ForeverCar is a fast and easy process. Simply fill out an online form providing basic information about your vehicle to receive prices for multiple plans.
ForeverCar has been in business since 2011, holds an A+ rating with accreditation from the Better Business Bureau (BBB), and has received a 4.8-star rating on Trustpilot from over 4,700 customer reviews.
Why Olive is Chosen as the Best Online Warranty
Olive stands out as an innovative online warranty company with easy-to-understand plans for auto extended warranty coverage. There are several reasons why Olive is considered the best online warranty option:
Olive Extended Warranty Coverage
Olive offers three different plans with varying levels of coverage, catering to different needs:
Olive Perks
While all plans from Olive include towing and rental car reimbursement, they do not include roadside or trip interruption benefits. However, this trade-off helps keep the prices affordable for customers.
Olive Extended Car Warranty Cost
Olive is known for providing affordable coverage options. Quotes received for a 2017 Honda CR-V with 45,000 miles ranged from $1,310 to $2,382. Payments for the coverage ranged from $36 to $66 per month for 36 months. Olive also offers deductibles of $100, $250, or $500, allowing customers to adjust the overall cost based on their preferences.
Here is a breakdown of the costs for each plan:
Type | Plan Name | Term | Monthly Cost | Total Cost |
Exclusionary | Complete Care | 3 years/unlimited miles | $66 for 36 months | $2,382 |
Mid-Level | Powertrain Plus | 3 years/unlimited miles | $46 for 36 months | $1,668 |
Powertrain | Powertrain | 3 years/unlimited miles | $36 for 36 months | $1,310 |
Please note that these quotes are based on a $100 deductible and apply to a 2017 Honda CR-V with 45,000 miles.
Olive Warranty Overview
Olive, founded in 2000, is a warranty provider that has recently focused on selling its warranty products online. The company’s website offers a sleek user experience, including a helpful chatbot feature. Olive has an A+ rating and accreditation from the Better Business Bureau (BBB), with a 3.4 out of 5.0-star rating from customers.
Olive’s commitment to transparency and providing excellent customer service contributes to its positive reputation in the industry. The company offers coverage plans backed by an A+ rated insurance underwriter with over $15 billion in global gross written premiums.
In conclusion, Olive is considered the best online warranty option due to its affordability, transparency, simplicity, and comprehensive coverage plans. Their user-friendly website and positive customer reviews further support their standing as a reliable provider of auto extended warranties.
Table: CarShield Auto Extended Warranty Plans
Warranty Plan | Recommended For | Coverage Details |
Diamond | Owners looking to maintain factory-level coverage | Bumper-to-bumper coverage designed to be similar to a manufacturer’s warranty for new cars |
Platinum | High-mileage vehicles | Comprehensive coverage |
Gold | Coverage for both minor and major vehicle parts | Powertrain-plus coverage for the engine, transmission, water pump, air conditioning, starter, and more |
Silver | The most basic coverage | Powertrain coverage for the most important parts of your vehicle |
Aluminum | Vehicles with advanced electrical systems | Protects the engine control module, alternator, navigation/GPS, electrical system, starter, and more |
Motorcycle & ATV | Motorcycles and all-terrain vehicles | Variety of coverage levels and contracts for specialty vehicles |
CarShield offers six different Auto Extended Warranty plans to cater to various vehicle needs and conditions. These plans include the Diamond, Platinum, Gold, Silver, Aluminum, and Motorcycle & ATV options. Each plan provides coverage for different vehicle components and systems.
CarShield Coverage
CarShield stands out for its high mileage limit, offering coverage for vehicles up to 300,000 miles. This is the highest mileage limit among extended warranty companies, making it a suitable choice for a wide range of vehicles.
CarShield Cost and Payments
CarShield provides flexible monthly payment plans, allowing customers to customize their payment schedules. The average cost of a CarShield warranty plan is approximately $1,580 per year. It’s worth noting that the cost can vary based on factors such as the selected plan, deductible, and the vehicle’s make and model. Deductible options of $0, $100, $250, or $500 are available to suit individual preferences.
CarShield Perks
CarShield offers several perks with its Auto Extended Warranty contracts, enhancing the overall value for customers. These perks include:
These additional benefits provide convenience and peace of mind in case of unexpected vehicle breakdowns or repairs.
CarShield has garnered mixed reviews from customers. While some customers express satisfaction with the coverage and service, others have reported issues with unresolved complaints and misleading advertising. It’s essential for potential customers to conduct thorough research, read reviews, and carefully review the contract before making a decision. CarShield has an average rating of 4.0 out of 5.0 stars on Trustpilot and 4.2 out of 5.0 stars on Google based on customer reviews
According to our research, the cost of an extended car warranty can range from $2,000 to $3,500 in total, with monthly payments varying from $80 to $125. The wide range of prices is attributed to personal factors such as the type of vehicle, the provider chosen, the length and level of coverage, and other variables.
An extended warranty can provide value by covering the cost of repairs related to mechanical or electrical breakdowns. It offers financial savings and peace of mind, particularly when obtained from reputable companies. While Endurance, ForeverCar, and Olive are highly recommended, it is advisable to request quotes from other providers such as Concord Auto Protect to find the best option.
While it is essential to select a trustworthy company and steer clear of fraudulent schemes, opting for an extended warranty from a reputable provider can be a prudent investment. An extended warranty serves as a safeguard by covering the expenses associated with repairs for mechanical or electrical component failures.
Car warranties primarily cover repairs resulting from mechanical breakdowns, while car insurance typically focuses on damages caused by collisions and environmental factors. For instance, if a basic powertrain component malfunctions, it will not be covered by your insurance company, but many extended car warranties provide coverage for such situations.
Used cars are frequently sold without any attached warranty, unless you opt for a certified pre-owned vehicle from a dealership. To safeguard against breakdowns that wouldn’t be covered otherwise, purchasing an extended warranty can provide comprehensive coverage. These vehicle service contracts are typically applicable to used cars, including those with high mileage exceeding 100,000 miles.
Your vehicle manufacture can tell you that, you might need to provide your vehicle identification number.
An extended warranty, also referred to as an aftermarket car warranty or service plan, is an optional agreement that provides coverage for specific repairs or replacements once the manufacturer’s warranty has expired. While the manufacturer’s warranty is included in the purchase, an extended warranty comes at an additional cost.
You have the option to cancel an extended warranty on a car at any time, although a full refund is typically only available within the first 30 to 60 days, depending on the provider. To cancel, it is usually necessary to contact the contract administrator in writing and provide a notarized odometer statement.
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