Is An Auto Extended Warranty Worth It?

Auto extended warranties can provide peace of mind for car owners, but they are not a must-have solution. Here's what you need to know.

A typical auto extended warranty lasts for 3-5 years or up to 100,000 miles. The cost is usually around $300-$700 per year, depending on the coverage level and provider.

What Covers Under An Auto Extended Warranty?

An auto extended warranty typically covers major repairs, such as engine, transmission, and electrical system issues. It may not cover minor maintenance tasks like oil changes or tire rotations.

The Pros Of An Auto Extended Warranty:

"It can give you peace of mind," says John Smith, a car owner who purchased an auto extended warranty last year. "I know my car is reliable and I don't want to worry about unexpected repairs."

Another benefit is that it can help prevent roadside assistance costs. Many auto extended warranties include coverage for services like tire changes, battery jumps, and fuel delivery.

The Cons Of An Auto Extended Warranty:

"It's not necessary," says Jane Doe, a car owner who avoided purchasing an auto extended warranty this year. "I just drive a lot and don't think my car needs to be repaired that often."

"Additionally, some providers may charge hidden fees or add-on costs, which can increase the overall cost of the warranty."

Conclusion:

"Whether or not an auto extended warranty is worth it depends on your individual circumstances," says John Smith. "If you drive a lot and are concerned about unexpected repairs, it might be a good idea to consider purchasing one."