Why Buy a Warranty in the
First Place?
When it comes to protecting the investment you
have in your vehicle there is no better way than an extended warranty. Buying
an auto warranty is buying a service contract that guarantees the warranty
company will pay for expensive repairs and not you.
The first question most people ask is what if
my car never breaks? According to ConsumerReports.org, “the average three year
old car has 55 problems per 100 vehicles”. That’s not very surprising to anyone
who has ever owned a car.
It’s also not very surprising that car
repairs are expensive, and the newer and more sophisticated cars are becoming
increasingly more expensive to fix. The average cost to repair an air
conditioning system for example is $825. Over the next five years repair costs
are going to increase about 35%. So that $850 air conditioner repair today is
going to cost about $1,150 to repair when it breaks 5 years from now. One
covered repair can pay for the entire warranty!
Major
Component Average Costs to Repair
|
Component |
Average Cost |
|
Engine |
$2,300
|
|
Transmission |
$1,800
|
|
Brakes |
$1,050
|
|
Onboard Computer |
$875
|
|
Air Conditioning System |
$825
|
|
Starter |
$300
|
|
Oil Pump |
$450
|
|
Radiator |
$380
|
Not only do you save money on repairs but many extended warranties also include
added benefits such as 24/7 roadside assistance, towing, car rental
reimbursement, and travel interruption protection.
A much overlooked benefit of warranty coverage is a
vehicle still under warranty has a much higher resale value. This is an
additional added value that makes warranties financially more attractive.
Our goal is to provide automotive buyers quality warranty and insurance products
backed by the best service in the industry. Our products range from basic
powertrain coverage to comprehensive bumper-to-bumper coverage for up to 5 years
or 100,000 miles.