Top 10 best extended car warranty companies

After your factory coverage expires, purchasing an extended car warranty can provide you with peace of mind. And, after doing an extensive review of the warranty market,  Endurance, Carchex, Protect My Car, CarShield, and autopom! are the finest extended car warranty companies.

This post will go over the top five providers and their offerings in depth. We’ll also include five additional extended car warranty providers that stand out from the crowd. We analyzed each company’s reputation, coverage options, price, and customer experiences when performing our industry-wide assessment.

After your factory warranty expires, an extended car warranty, also known as a vehicle protection plan or vehicle service contract, pays for damage caused by defective materials and workmanship. Instead of paying for repairs out of cash, contract holders acquire a contract and only pay a deductible when a repair is required.

What are the best 10 extended car warranty companies?

We choose these ten organizations as the best-extended car warranty companies on the market after thoroughly investigating every major vehicle service contract provider. On a 10-point scale, each supplier is assessed.

Endurance: Most Comprehensive Coverage

In our industry-wide best-extended car warranty assessment, Endurance ranks first. The organization is a direct supplier, which means that all client claims and contracts are handled in-house. It provides six coverage plans with term limits of up to eight years or 200,000 miles.

Plans range from basic powertrain protection to exclusionary coverage. During our research, we discovered that an Endurance warranty typically costs between $546 and $612 per year of coverage, with total costs ranging between $2,990 and $3,990 depending on the service plan selected. For the term of the contract, all extended automobile warranty options include roadside assistance, towing, travel disruption compensation, and rental car reimbursement.

The Better Business Bureau has assigned Endurance a B- rating (BBB). While this may appear to be a red indicator, poor BBB ratings among warranty providers are not uncommon, and the company has an average customer rating of 3.2 out of 5.0 stars on BBB’s website. This suggests that dissatisfied consumers account for a small proportion of the provider’s contract holders. Endurance was contacted for comment on its BBB rating, but we did not receive a response.

Endurance also has a 4.3-star Trustpilot customer review rating. Many customers praise the knowledgeable Endurance service staff and the rapid claims approval process. Endurance’s free year of Endurance Elite Benefits, which is offered with all contracts, is a unique bonus. This program offers benefits such as key fob replacement, tire repair or replacement, and total loss protection.

Availability: All states except California
Year established: 2006
Headquarters: Northbrook, Ill.

Endurance Warranty Levels

Supreme – A most comprehensive plan, covering almost all mechanical and electrical components aside from a few exclusions

Superior – Highest level of stated-component coverage

Secure Plus – Covers the powertrain as well as the brakes, air conditioning, steering, and some electrical components

Secure – Most budget-friendly car warranty plan, protecting the engine, transmission, and water pump

Select Premier – A plan tailored to high-mileage vehicles that cover the powertrain, electrical, cooling, air conditioning, heating, and fuel systems

EnduranceAdvantage™ – Combines prepaid maintenance and stated-component warranty coverage

Carchex: Great Industry Reputation

Carchex has some of the market’s longest-term contracts, with term restrictions of up to 250,000 kilometers. We rank them as one of the finest extended car warranty companies for used vehicles based on its wide offerings. Carchex has been in business for over 20 years and is supported by industry heavyweights such as CARFAX, Kelley Blue Book, Edmunds.com, and RepairPal.

Carchex holds accreditation and an A+ rating from the BBB as well as a 3.1-star customer review score on Trustpilot. As one of the industry’s most reputable extended car warranty companies, the provider works with insured administrators like American Auto Shield to offer competitively priced contracts. The company’s easy claims process, competent service staff, and capacity to address concerns swiftly are regularly mentioned in customer reviews.

Availability: 50 states
Year established: 1999
Headquarters: Hunt Valley, Md.

Roadside assistance, travel interruption coverage, and rental car coverage are among the benefits offered by Carchex. According to our study, the company offers five plan options that range in price from $120 to $170 per month. Here’s an overview of Carchex service plans:

Titanium – Exclusionary coverage for most vehicle components

Platinum – The highest level of stated-component protection, covering hundreds of parts

Gold – Protects all major systems and is best suited for high-mileage vehicles

Silver – Covers powertrain components and a few other key systems

Bronze – Protects the engine and transmission

Protect My Car: Most Maintenance Plans

Protect My Car is a good alternative for long-term financing because it allows contract holders to make low monthly payments for up to 60 months. This, however, may result in Protect My Car contracts costing drivers significantly more in the long run. However, they may be the greatest solution for folks with modest monthly auto budgets. One limitation of Protect My Car’s coverage options is that vehicles older than 13 years old are not eligible.

Availability: All states except Alaska, California, Hawaii, Missouri, Oklahoma, and Washington
Year established: 2005
Headquarters: Saint Petersburg, Fla.

With its warranty plans, Protect My Car provides additional services such as roadside assistance, rental car reimbursement, oil changes, and tire rotations. Ambassador Maintenance Plans are five prepaid maintenance plans offered by the supplier. Unlike Protect My Car’s extended warranties, most automobiles are eligible for these contracts.

Protect My Car has an A+ rating from the Better Business Bureau and a customer review rating of 4.22 out of 5 stars. Customers also gave Protect My Car a 4.6-star rating on Trustpilot. The provider’s prompt customer service personnel and simplicity of communication are frequently mentioned in reviews.

Our team attempted to contact Protect My Car for comment on its pricing and vehicle criteria but received no response. Protect My car lease is for 10 years/125,000 miles. Each level of coverage includes the following:

Supreme – Similar coverage to a vehicle’s original factory warranty

Select – Best suited for vehicles over 50,000 miles and offers coverage a step below the Supreme plan

Driveline – Powertrain protection for older vehicles between four and 10 years old with more than 80,000 miles

CarShield: Most Affordable

CarShield is our top pick for cost-conscious drivers. According to warranty company quotations, CarShield routinely offers some of the most reasonable contracts, with costs ranging from around $89 to $130 each month.

CarShield has an F rating from the BBB and a 4.0-star rating from Trustpilot users. The low BBB rating of CarShield reflects previous customers’ difficulty in canceling coverage and having claims dismissed. Claims denials are a typical issue in the warranty sector, so read each contract thoroughly to ensure you understand the coverage before committing to any warranty provider.

When our review team contacted CarShield for feedback on its unfavorable ratings, we received the following response: “In the last three years, we have had 2,210 BBB complaints, but we have sold 1,118,296 contracts.” “As a result, only 0.21 percent of our clients complained.” If you’re seeking low-cost coverage, CarShield has some of the best deals on the market. However, if you want to assure a positive client experience, another extended warranty business may be a better fit.

Other CarShield contract holders report pleasant interactions with customer service agents and high satisfaction with the overall value of their contracts.

Availability: All states except California
Year established: 2005
Headquarters: Cottleville, Mo.

Customers can select from six coverage plans that cover up to 300,000 miles, the industry’s longest. The following is a breakdown of CarShield’s extended vehicle warranty plans:

Diamond – Exclusionary coverage for almost all mechanical and electrical components.

Platinum – Best suited for high-mileage vehicles, protecting the engine, transmission, air conditioning, electrical system, starter, water pump, fuel pump, and more.

Gold – Protects the engine, transmission, water pump, alternator, starter, air conditioning, and power windows.

Silver – A most affordable contract that covers the engine, transmission, and water pump.

Aluminum – Protects electrical and high-tech components, including the engine control module, starter, alternator, and navigation system.

Motorcycle & ATV – Multiple coverage tiers for motorcycles, all-terrain vehicles, and other non-standard vehicles.

autopom!: Excellent Customer Service

The last company on our list of the best-extended car warranties is autopom! which stands for “automotive peace of mind.” We recommend this provider if you’re seeking someone to help you with the extended warranty claims process. Autopom! representatives assist consumers through the claims processes of its administrators. Each package includes 24-hour roadside assistance, payment for rental cars, trip interruption reimbursement, and tire protection.

Autopom! has high industry and customer service ratings when compared to competitors. The provider has certification and an A+ rating from the BBB and a 4.5-star customer review score. In addition, it has had extremely few consumer complaints during the last three years. Similarly, autopom! has a 4.6-star average customer review rating on Trustpilot.

The following coverage options, which can last up to 7 years/150,000 miles, are available from the company:

Exclusionary – Covers all mechanical and electrical components unless listed as excluded.

Mid-Level – Stated-component coverage for the engine, transmission, drive axle, steering, brakes, air conditioning, and electrical components.

Powertrain Plus – Covers the powertrain and the air conditioning system

In Summary

Extended car warranties safeguard you from having to pay for certain vehicle repairs or part replacements for your new automobile after normal wear and tear. Warranties, unlike certain auto insurance policies, do not cover collisions, environmental damage, theft, or vandalism. They also do not typically cover standard maintenance services such as oil changes or normal wear and tear parts such as brake pads.

Drivers can obtain additional coverage through their vehicle manufacturer or an independent supplier. In this article, we have given the top extended warranty companies you should consider. Five of them were explained and the other five are also good options.

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