Best Extended Car Warranty Plans for 2022


Extended warranties can relieve older vehicles that no longer qualify for factory warranties. Getty

Owning a car can be stressful, although many call this stress “pleasure”. No matter where you fall on the spectrum of vehicle ownership, however, there will come a time when your trusty four-wheeled steed won’t feel so dependable. Age, wear and yes, your abuse can affect even the most reliable vehicle.

That’s where extended warranties come in to help avoid the pitfalls (and costs) of owning an aging vehicle. All new models have a factory warranty that protects owners against manufacturing defects and other issues. Yet, once a vehicle exceeds age or mileage limits, it is up to the owner to handle these issues themselves. Extended warranty companies exist to fill this gap and help owners pay for vehicle repairs outside of factory warranty parameters.

Car warranty companies have gotten bad press over the years, thanks to a few nefarious actors following no-call rules on landlines and cellphone networks. The reality is that most companies are, in fact, legit and offer real relief to people considering expensive auto repairs. That said, not all warranty companies are created equal.

We researched the best warranty companies to find the best plans. Using our “Best Car Warranty Companies” rating, we dig deep into each provider’s plans to find the best extended coverage available today.

Here are the three best extended warranty plans for 2022:

1. Cover Carchex Titanium

Carchex’s Titanium coverage plan offers some of the longest and broadest coverage options for used cars among current plans. The company requires a waiting period, but once passed, the vehicle can be covered for up to 10 years. Carchex claims that Titanium level contracts offer the best coverage and come closest to the protection offered by a factory warranty. The plan can be considered exclusive because it lists only a small number of excluded items.

Pair this plan with the company’s reputation for prompt and thorough customer service and it’s an easy choice. Additionally, the plan provides coverage for sometimes obscure vehicle components, including struts, ball joints and HVAC parts.

Carchex also offers easy and flexible payment options, so you don’t have to shell out the full price of a guarantee up front. It consistently ranks highly for customer service and has a good reputation for honoring its warranties. That said, the company does require you to give personal information to get a quote, so it’s not as easy as grabbing a quick quote online.

CarChex

Advantages:

  • Flexible payment options
  • Covers more obscure car components
  • Top level customer service

The inconvenients:

  • Obtaining a quote requires giving personal information
  • Waiting limit required
  • May limit coverage on more expensive cars

2. Olive Complete Care

Olive’s comprehensive care plan landed on this list thanks to its easy online setup, quick purchase process, and the company’s no-wait philosophy. The Comprehensive Maintenance Plan is the most comprehensive coverage Olive offers, but make no mistake: just because there’s no inspection or waiting period doesn’t mean you can. bend the rules with a shoddy car. The company is crystal clear about what it allows and what it doesn’t, and anything outside of the allowed components or conditions won’t be covered.

Olive takes a unique approach to auto warranties in that most of the company’s operations take place online. Although it has been in business since 2000, the digital side of the business took off in 2020 and brought one of the best websites in the extended warranty industry. It’s simple, easy to understand, and provides great information without having to dig for it.

olive

Advantages:

  • No waiting period or pre-inspection
  • Simple website for easy quotes
  • Clear coverage plans

The inconvenients:

  • Strict restrictions on covered components and pre-existing conditions
  • Few additional options
  • Not like established customer service

3. Supreme Stamina

If your car has less than 150,000 miles on the odometer, Endurance Supreme coverage is hard to beat. It offers almost complete coverage with only a few exclusions worth noting. Endurance says it’s close to the coverage offered by a factory warranty and boasts that the Supreme plan beats the protection offered by its other plans. The company has hundreds of positive, satisfied reviews and reports of good customer service interactions to prove it.

Endurance is also one of the best extended warranty providers for add-on coverage options. It offers 24/7 roadside assistance, key fob replacement, and comprehensive tire coverage. The company will even reimburse you up to $1,000 for the purchase of a new vehicle. Endurance is one of the only companies to offer a mobile app, providing an easy way to interact with customer service and complaints.

Endurance Car Warranty

Advantages:

  • Ideal for low mileage cars
  • Few exclusions
  • Good customer service interactions, plus there’s a mobile app

The inconvenients:

  • Getting a quote can take time
  • Some free perks expire and must be purchased to continue

Extended Car Warranties: Frequently Asked Questions

What is an exclusion warranty?

Exclusive warranties bear the name because they cover almost everything. Only items not covered are listed.

Why aren’t my tires and brakes covered by my extended warranty?

Tires, brakes and other items like fluids are not covered by extended warranties as they are considered “wear items” or components designed to wear out with use. These items need to be replaced periodically and may or may not affect other components when they fail.

Is there a difference between warranty extensions and service contracts?

Marketing talk is the difference between the two. In most cases, you purchase a service contract labeled as an extended warranty. Warranties are included in the purchase price of an item, while service contracts are extra. There is no real difference between the two other than the name.

Is an extended warranty worth it?

The question of whether a the extended warranty is worth it depends on your personal preferences and the vehicle. Peace of mind can’t be ignored, so if a guarantee ensures that a potential financial pitfall can be avoided, it can be worth its weight in gold. On the other hand, a newer vehicle with a high reliability score may never need the coverage provided by an extended warranty.

Will an extended warranty cover a burnt out engine?

In many cases, yes. The vehicle should be covered as long as the warranty covers the internally lubricated engine components and the powertrain is included in the plan. The downside here is that an engine can fail for a variety of reasons, so replacement will only be covered if the cause is on the approved failure list.

Previous Toledo Public Schools Transportation Officials Stress Importance of Safety With New School Year, New Routes Set to Begin
Next Return classic and vintage car exhibition at Hedingham Castle