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If you're interested in protecting your vehicle long-term, you may be interested in an extended car warranty. But how much does an extended car warranty cost, and is it worth the investment?

In this article, we'll help you decide on the best extended warranty for your vehicle by reviewing average extended car warranty costs from industry-leading providers. We'll also give tips on how to find cheaper coverage.

As costs can vary by location, vehicle make and model, and more, we recommend getting personalized quotes from several companies and weighing all of your options before signing any contracts. You can start getting free quotes from our top recommended providers below.

 

 
 

In this article:

 

What's The Average Extended Car Warranty Cost?

Based on our research, the average extended car warranty cost is about $2,800. Instead of having set rates, manufacturers and third-party providers use factors such as your vehicle make, model, age, and mileage, the level of coverage you choose, and your deductible to determine your extended car warranty cost.

 


 

Bumper-to-Bumper Extended Car Warranty Cost Comparison

Drivers looking for the same kind of comprehensive coverage offered by their factory warranty should look into a bumper-to-bumper warranty. We reached out to four of the top reputable extended car warranty companies for quotes for a 2016 Honda CR-V with 45,000 miles and received the following prices. Each bumper-to-bumper plan came with a $100 deductible.

Warranty Company

Bumper-to-Bumper Plan 

Monthly Extended Car Warranty Cost

Down Payment

Total Cost

Endurance

Supreme for 5 years/100,000 miles

$84.21 for 36 months

$181.45

$3,213.01

CARCHEX*

Titanium for 5 years/125,000 miles

$194.00 for 18 months

First month’s payment

$3,492.00

CarShield

Diamond for 4 years/125,000 miles

$85.62 for 21 months

$195.00

$1,993.02

Protect My Car

Supreme for 4 years/100,000 miles

$92.00 for 44 months

First month’s payment

$4,048.00

 

*CARCHEX Titanium plan is its highest level of coverage and is similar to a bumper-to-bumper plan

As you can see, CarShield provided the most affordable overall price for a vehicle service contract. It's important to keep in mind, though, that each of these coverage plans comes with a different term length that has both a year and mileage cap. A comprehensive coverage plan through Endurance or CARCHEX has a steeper price tag, but you would get an additional year of coverage.

 


 

Powertrain Extended Car Warranty Cost Comparison

If you're just looking to protect the most essential components of your vehicle, you might consider a powertrain warranty, which covers the engine, transmission, and drivetrain. We reached out to the same providers above for quotes for a 2013 Toyota Camry with 92,000 miles and received the following prices. Each powertrain plan came with a $100 deductible.

Warranty Company

Powertrain Plan 

Monthly Extended Car Warranty Cost

Down Payment

Total Cost

Endurance

Secure for 6 years/75,000 miles

$110.85 for 30 months

$195.00

$3,520.50

CARCHEX

Silver for 5 years/60,000 miles

$190.00 for 18 months

First month’s payment

$3,420.00

CarShield

Gold with an unlimited term

$109.00 monthly

First month’s payment

Varies

Protect My Car

Driveline for 4 years/75,000 miles

$65.82 for 48 months

$90.00

$3,249.36

 

Of the four providers listed above, Protect My Car offered the lowest overall extended car warranty cost. The company has some of the longest financing terms on the market, so you can space out your payments over several years if that's how you would like to pay.

The unlimited plan from CarShield may be cheaper than Endurance and CARCHEX on a monthly basis, but because there is no specified time at which your monthly payments would stop, if you have the plan for a few years, you could actually end up paying much more in the long run. With Endurance and CARCHEX, your plan is paid off within 18 to 30 months. This is just one aspect to consider when determining which extended warranty is right for your lifestyle and budget.

 

 

 

What Factors Affect Extended Auto Warranty Cost?

Your vehicle make, model, age, and mileage will all affect the cost of your extended car warranty. Your price will also increase or decrease depending on the provider and level of extended warranty coverage you choose, as well as your deductible. In general, a higher deductible means lower monthly payments, and vice versa. If your vehicle is covered under its original new car warranty at the time of purchase, the contract will also be less expensive.

 


 

What To Consider When Shopping For Coverage

Comparing extended car warranty costs can be confusing, especially when one provider offers you coverage for three years and another offers coverage for six years. Here are the most important numbers to consider:

  • Total price
  • Monthly payment
  • Down payment
  • Deductible
  • Cost per year of coverage

Comparing the total price of an extended warranty from one provider to the next is easy, but what will your monthly payment be? A $2,400 plan could be paid at $150 over 16 months or $100 over 24 months. So is it more important to you to pay off your warranty sooner or have a lower monthly payment?

A down payment is the amount you will pay upfront when you start your plan. Down payments are often negotiable and may be waived. If you call in for a quote, you may be offered a discount if you are a first-time caller, are purchasing multiple warranties, or even if you mention that you're comparing extended car warranty costs between multiple companies. However, there is no guarantee.

Every extended warranty plan comes with a deductible. This is the amount you will pay when you use your warranty for a covered car repair. If your repair costs $800 and your deductible is $100, your warranty company will pay $700 to the auto repair shop and you will pay $100.

Perhaps the most important consideration when comparing extended car warranty costs is the cost per year of coverage. Just because you see a lower total price doesn't mean that you have found the best auto warranty. Here's a closer look at the cost per year of coverage for the bumper-to-bumper warranty quotes we mentioned above.

Warranty Company

Cost Per Year of Bumper-to-Bumper Coverage 

Endurance

$642.60

CARCHEX

$698.40

CarShield

$498.26

Protect My Car

$1,012.00

 

CarShield had the lowest extended car warranty cost for the Honda CR-V in terms of total price. When we divided the total price by the number of years you'd be covered, we found that CarShield still offered the most affordable rate.

Now, let's take a look at the powertrain plans.

Warranty Company

Cost Per Year of Powertrain Coverage

Endurance

$586.75

CARCHEX

$684.00

CarShield

Varies

Protect My Car

$812.34

 

When we looked at powertrain warranty costs, Protect My Car had the lowest price overall, but if you look at the cost per year of coverage, you can see that you're actually paying more for each of the four years included with a Driveline plan. Endurance and CARCHEX offer longer terms and, as such, actually have the best price per year of coverage.

Keep in mind that every warranty plan comes with a specified time and mileage term, so if you hit your mileage limit first, it won't matter what you paid per year of coverage.

 


 

Which Provider Has The Cheapest Extended Car Warranty Cost?

Because pricing is affected by so many different factors, the cheapest vehicle protection plan for your neighbor might not be the same for you. We recommend reaching out to several providers and getting multiple quotes for extended warranties for different levels of coverage. Also, know that an extended warranty from the dealership is usually more expensive than a third-party option.

In our CarShield review, we found that the popular provider offers the Best Value in the industry. CarShield has been in business for over 15 years and offers coverage for vehicles with up to 200,000 miles on the odometer. The company's six coverage tiers include a plan specifically for high-tech vehicles.

Protect My Car is a great choice for drivers who prefer long payment terms. Our Protect My Car review found that the warranty company can cover cars up to 125,000 miles under an extended warranty or cover older vehicles with maintenance contracts. And you can see from the quotes above that Protect My Car sometimes has the lowest total extended car warranty cost among top providers.

We also recommend looking into Endurance and CARCHEX. These providers both scored highly in our industry-wide review thanks to their comprehensive coverage and benefits, competitive costs, and exceptional customer service. Learn more in our full Endurance warranty review and CARCHEX review.

Use the buttons below to start getting free, personalized quotes from our top recommended providers.

 

 
 

In addition, we recommend that you read online sample contracts for each provider you are considering. The value of a provider’s extended car warranty depends not only on cost, but also on the quality of coverage and exclusions.

 


 

FAQ About The Cost Of An Extended Warranty

Is an extended warranty worth it for cars?

Many drivers find an extended warranty is worth it for the added peace of mind and potential to save hundreds or even thousands of dollars on vehicle repairs.

How much do extended car warranties cost for used cars?

Extended car warranties cost about $2,800 for used vehicles. Your extended car warranty cost will depend on your vehicle's age and mileage, as well as make and model, so you may end up paying a higher extended car warranty cost if you have an older used car.

Who has the best extended car warranty?

In our review of the nation's top extended car warranty companies, Endurance was recognized for having the Best Coverage overall. We recommend Endurance for its strong benefits – towing, rental car reimbursement, roadside assistance – and exceptional customer service.

 


 

Methodology

In an effort to provide accurate and unbiased information to consumers, our expert review team collects data from dozens of extended auto warranty companies to formulate rankings of the best providers. Companies receive a score in each of the following categories, as well as an overall weighted score out of 5.0 stars.

  • Industry Standing: Warranty providers with a history of strong business practices and endorsements from experts receive the highest scores in this category.
  • Coverage: This rating is based on types of extended warranty plans available, coverage terms, and added benefits like roadside assistance.
  • Cost: Our research team reviews sample quotes for a variety of plans and vehicles. Companies with lower prices per year of coverage receive the best scores.
  • Transparency: This score takes into account contract transparency and the availability of a money-back guarantee.
  • Customer Service: We comb through customer reviews and perform our own shopper analysis to get a sense of the responsiveness and helpfulness of each warranty company.

 

 
 

Read our guides to other warranty providers: