Do extended car warranties make sense? In the week leading up to Black Friday and Cyber Monday, top providers are offering great deals on auto warranties. In an effort to help you find the best extended car warranty provider, we've researched what they have to offer.
Here are three of the leading car warranty companies offering deals during Thanksgiving weekend. Following that, we will discuss whether extended warranties are worth the money.
On Black Friday and Cyber Monday, here are the best places to buy car warranties
These are the vehicle service contracts you should consider during your holiday shopping, with discount codes and markdowns.
Total Auto Protect
Carchex
Protect My Car
In our review of the industry’s top auto warranty companies, we recognized Total Auto Protect as the Best Provider in 2022. With plans available in every state, Total Auto Protect offers several coverage levels and service contracts that protect everything from the turbocharger to the air conditioning. You can also purchase several add-on options at a relatively low cost.
As for holiday deals, Total Auto Protect is offering up to $750 off and 2 Free Months on any plan purchased on Cyber Monday. Here’s a quick overview of the three plans covered by the Black Friday sales event:
Total Plus: Exclusionary coverage, which covers almost every component between your front and rear bumpers
Total Convenience: The highest level of stated-component coverage
Total Premier: Shortest waiting period (30 days or 1,000 miles)
Carchex
Due to its comprehensive coverage options for used cars with up to 250,000 miles, CARCHEX is a top provider. In addition to its excellent reputation among customers and industry experts, the company has earned a stellar reputation among consumers.
This holiday season and through the end of the year, CARCHEX is offering Black Friday and Cyber Monday discounts on their vehicle protection plans. You can find out what type of sales they are offering by going online and entering your information. CARCHEX plans are as follows:
Titanium: An exclusionary policy that covers the majority of a vehicle's components and systems
Platinum: Comprehensive coverage for the car's electrical components
Gold: Provides coverage for all major car systems and is particularly suitable for vehicles with high mileage
Silver: Only covers the most important parts of your vehicle
Bronze: Coverage of powertrain components such as engines, drive axles, and transmissions
Protect My Car
If you're looking for a Black Friday and Cyber Monday auto warranty deal, Protect My Car is another great choice. We recognized it as having great coverage in our industry review.
Despite not having the lowest prices among top auto warranty providers, Protect My Car offers other benefits. Older cars with high mileage may qualify for excellent long-term financing options, as well as maintenance coverage.
This holiday season, you can save a bunch of money by purchasing a plan from Protect My Car. Here are the three plans Protect My Car offers:
Supreme: Covers most major parts and systems, but with more exclusions than a bumper-to-bumper warranty
Select: Includes all parts except turbochargers and high-tech equipment in the Supreme plan
Driveline: Includes components (such as the powertrain) and major systems (such as the air conditioning) on cars over 80,000 miles in age.
Enter your information online to find out what types of sales they are offering
Extended warranties: what are they?
Vehicle service contracts, or extended warranties, cover repair costs and specific parts and components. Many drivers are relieved to know they won't have to spend a fortune on repairs after the factory warranty on their new cars expires with this type of warranty.
The use of genuine parts and factory-trained technicians are guaranteed by extended warranties from manufacturers such as Dodge, Honda or BMW, but third-party providers are generally able to offer more flexible coverage. If you need repairs, instead of just taking it to the dealership, you can choose the mechanic of your liking.
One of the most common benefits offered by extended warranty providers is 24/7 roadside assistance. There are many levels of vehicle protection available, ranging from bumper-to-bumper coverage to covering only the most essential components. It is important to understand what you need and what you prefer when it comes to coverage levels.
Does it make sense to buy an extended auto warranty?
Many drivers can benefit from extended car warranties. It is impossible to put a price on peace of mind. Even though extended warranties cost money, they are less expensive than out-of-pocket repair costs. Black Friday and Cyber Monday auto warranty deals can save you a lot of money up front.
Final Question: Which company offers the best Extended Warranty?
The dealership or a third-party provider like Total Auto Protect can sell you an extended warranty or vehicle service contract. Your choice of extended warranty provider will depend on a number of factors, such as your driving habits, the use of the vehicle, and the cost of the warranty.
The best extended warranty is the one that provides comprehensive breakdown coverage that is comparable to your factory warranty, along with additional benefits. It is important to consider benefits like rental car coverage and 24 hour roadside assistance when your vehicle is in the shop for repairs before choosing a warranty company.
It is a good idea to research your options before you decide on a vehicle protection plan. Make sure the policy meets your budget and protects you from costly repairs by asking questions and requesting a free quote.
Check out our top 10 picks and extended warranty program reviews to learn more about extended warranties and service contracts.