There are numerous car warranty providers on the market today. However, not all can guarantee customer satisfaction. Each company differs in rates, services offered, and accessibility. These can affect the overall experience of the consumer. Although finding a good car warranty provider can be challenging, it’s not an impossible task.

An extended car warranty may seem like a waste of money, but there are various advantages you can get from these warranty plans. An extended car warranty can provide peace of mind, especially if you have an older or high-mileage car. It can help you save money on your car’s repair costs as well. Moreover, you can benefit from an extended car warranty if certain parts of your car are prone to breakdowns.

Before getting an extended car warranty, it is necessary to know the qualities of a reputable extended car warranty company. These qualities will be your criteria for deciding which warranty provider you should invest in. The list below discusses each of these qualities and why they are essential.

What are the Qualities of a Reputable Extended Car Warranty Provider?

Lengthy Term

A reputable warranty company should offer a lengthy-term when it comes to extended warranties. For instance, you purchase a vehicle and are planning to turn it in during its sixth year. The warranty provider should not offer you a coverage plan covering only eight years and 100,000 miles. A reputable company should provide you with maximum coverage so you can utilize your warranty for an extended period.

Versatile Coverage Options

In most cases, you can get an extended warranty either from a dealership or a third-party warranty provider. The right warranty company gives you plenty of coverage options when it comes to the extended warranty. An extended warranty usually comes in handy for covering repairs related to normal wear and tear. You can get a bumper-to-bumper extended warranty or only powertrain coverage.

You also have the option to choose stated-component coverage, which applies extended warranty only to specific car parts and systems. A reputable warranty provider can provide you with all these options.

Transferability

What if you bought a car and decided that it doesn't suit your driving style? What people usually do in these cases is sell their car then buy a new one. When this happens, it would be wise to transfer your current warranty to your new vehicle. That is why you should pick a warranty provider with flexible plans. This will allow you to have the freedom to make important decisions about your car, like selling and buying a new one, without any hassle.

Efficient Emergency Assistance

Unless you have supernatural powers and can foresee your car having a repair-free future, having a warranty provider with efficient emergency assistance will come in handy. In addition, a reputable extended warranty provider should help you in times of emergency.

For example, when your car breaks down and you need towing and roadside assistance, your warranty provider should be able to assist you. Unfortunately, many warranty providers don't offer roadside assistance. This is another reason to be more careful in choosing a warranty company.

Excellent Online Reviews

One of the easiest ways to determine a company’s reputation is by checking its online reviews. Reviews often hint at how a company works and if its clients are happy with its services. Looking at feedback from current clients is crucial before investing in a warranty provider because some companies only appear to be reputable.

You may also want to check the Better Business Bureau (BBB) and other business review websites. The BBB website allows consumers to submit reviews and file scam reports. You can also view these scam reports to ensure you don’t trust the wrong warranty provider.

Knowledgeable and Reliable Customer Service Representatives

While you’re deciding whether to get an auto warranty, it may also be useful to talk to warranty companies’ customer service representatives. These people should have extensive knowledge of the warranty plans they offer.

A knowledgeable representative knows everything about their services, has enough training and possesses confidence. He or she should also readily answer any and all questions you may have about extended car warranties. On a related note, customer service representatives should also be clear about what an extended warranty does not cover. For instance, an extended warranty usually does not cover routine maintenance and damage caused by weather or accidents.

If you see all these qualities, you can rest assured that you can rely on the warranty company and its expertise.

Value-for-Money Products

Many extended auto warranty providers offer very cheap warranty plans. This is all well and good if you can ensure that you’ll make full use of the extended warranty’s coverage. If not, you’ll just end up wasting your money.

Moreover, price should not be your most important consideration in getting an extended warranty. You should also determine if the extended warranty is worth its cost. Many companies will offer you extended car warranties that are worth the investment. You just have to check the reputation of these companies.

Takeaway

Just because an extended auto warranty provider offers you a very cheap plan doesn't mean you should automatically dive into the opportunity. It would be best if you also considered other factors, like repairs covered and term length. A reputable extended car warranty company should give you an excellent warranty experience for a reasonable price.