{"id":415,"date":"2023-10-23T12:04:16","date_gmt":"2023-10-23T12:04:16","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=415"},"modified":"2023-10-23T12:04:19","modified_gmt":"2023-10-23T12:04:19","slug":"best-car-warranty-companies-reviewed","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/car-insurance\/best-car-warranty-companies-reviewed\/","title":{"rendered":"Best Car Warranty Companies For 2023: Reviewed"},"content":{"rendered":"

Owning a car is great until it\u2019s time to fix it. This is why the best and most reputable car warranty companies must have strong industry reputations, plenty of coverage options, affordable costs, transparency in their processes, and positive customer experiences. <\/p>

Newer vehicles come with warranties that cover defects and failures, but once that is done, the owner is on their own. Parts and labor are expensive, and costs can add up quickly. Even the most reliable car will eventually break down, and that\u2019s where extended warranties can help.<\/p>

According to AAA, the average car repair bill can easily run from $500 to $600. Some repairs cost even more. Further, the average cost of owning and operating a vehicle is more than $8,500 per year. With this, it is easy to see how pricey repairs can add up. <\/p>

While you can set aside cash in a savings account to pay for upcoming car repairs, another strategy involves buying an extended auto warranty. This type of coverage can pay for repairs and component replacements when your car breaks down, with affordable and predictable premiums.<\/p>

Unfortunately, not all auto warranty companies are reputable. With that in mind, you\u2019ll want to do some research before you invest in an extended auto warranty for your car.<\/p>

What is a car warranty?<\/strong><\/span><\/h2>

A car warranty is a service contract that covers vehicles against certain mechanical malfunctions or manufacturer defects that manifest within an agreed-on timeframe or number of miles driven.<\/p>

Brand-new cars come with manufacturer warranties that cover repairs for at least three years or 36,000 miles. Car owners have the option to purchase an extended car warranty that will cover their vehicle after the manufacturer’s warranty has expired.<\/p>

Warranty companies all offer different coverage options. This is why it\u2019s best to compare the most reputable providers to find the best car warranty for your vehicle and budget.<\/p>

Types of extended car warranties<\/strong><\/h2>

Extended car warranties often feature the following coverage tiers or levels:<\/p>