Car insurance and an extended car warranty both provide financial coverage when there's a problem with your car, but the coverages rarely overlap.
Car insurance
Your car insurance pays the bill for repairs to your vehicle after a covered incident or accident. Depending on your coverage, a covered incident may include damage from a storm, an accident you caused, or an accident caused by someone else.
Car insurance also provides liability coverage if you (or someone driving your car with your permission) cause unintentional damage to someone else's property.
Extended warranty
An extended warranty picks up where your car's manufacturer warranty left off. A manufacturer's warranty covers mechanical breakdowns during the first few years you own your car or the first few thousand miles you drive your car. An extended warranty provides similar vehicle service coverage after your manufacturer's warranty expires.
An extended warranty for used cars can help pay for necessary but expensive repairs to your vehicle. Without an extended warranty, many drivers may not be able to afford to fix their cars. If expensive car repairs prevent you from driving, you may have a hard time getting to work. An extended warranty can help you have the confidence to investigate potential problems before they become serious issues. With an extended warranty, a covered repair could cost you a lot less than it would without the warranty.
Can You Get An Extended Warranty For A Used Car Over 100k Miles?
Yes. Getting an extended warranty for cars over 100k miles can be a smart way to help decrease the costs of repairing a vehicle with mechanical problems. Cars on the road today are an average of 12.1 years old. Crossing the 100k mile threshold is common. Modern cars are more durable and have better technology than ever.
An extended warranty may help fix these 12 common car problems
While performing routine maintenance to your vehicle can help you avoid some of the most common car problems, sooner or later every driver has to face a repair bill. Here are 12 common problems that an extended warranty may help you repair:
- Engine misfiring or sputtering
- Check engine light illuminated
- Declining fuel economy
- Weak or dead battery
- Grinding brakes
- Flat tire or tire with a slow leak
- Malfunctioning starter
- Starting issues due to alternator failure
- Shaking steering wheel
- Overheating engine
- Transmission malfunction
- Emissions system problems
An extended warranty for cars helps decrease repair bills
The cost to fix these common problems could be as low as $100 or it could cost several thousand dollars. For example, a car battery lasts between two and five years. It costs (on average) $50 to $120 to replace. Specialty batteries may cost much more.
If you have problems with their car's transmission, you may face a repair bill ranging from $300 to $1,500. For example, replacing the clutch in a manual transmission costs an average of $800 to $1,500.
An extended warranty may be the ideal solution if you have a limited budget and worry about how you'll pay the car repair bill if your vehicle breaks down. An extended warranty offers peace of mind; if you have a problem with your car, your warranty could help you cover the costs of necessary repairs.
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With Ridesure, you'll have an extended warranty that comes with an easy claims process, so you can be prepared for the unexpected
