Learn more about average prices and where to find the lowest extended car warranty cost.

 

For vehicle owners who decide that the value of an extended warranty for their automobile outweighs its costs, an important next step is to research extended warranty providers and the cost of their respective plans. In this article, we help you decide on the best extended warranty for your vehicle by reviewing the extended car warranty cost for three leading providers.

To get personalized cost figures, we recommend getting several quotes. Pricing varies by location, vehicle make and model, and more, so it's wise to weigh all of your options. Get free quotes to find the most affordable extended car warranty cost below:

 
 

In this article:

What's The Average Extended Car Warranty Cost?

Based on our research, the average cost of an extended car warranty is about $2,800. There are no set rates of extended warranties. Instead factors such as your vehicle make, model, age, and mileage, as well as the level of coverage you choose and your deductible cost can impact the cost of your extended car warranty.

 


 

Bumper-to-Bumper Extended Car Warranty Cost Comparison

Drivers looking for comprehensive coverage should look into a bumper-to-bumper warranty from one of the top reputable extended car warranty companies. We reached out to four leading providers 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

New Car 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

 

As you can see, CarShield provided the most affordable overall price for an extended warranty. It's important to keep in mind, though, that each of these plans comes with a different term length that has both a year and mileage cap. A bumper-to-bumper 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 to cover 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 offers 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 if you have the plan for a few years, you could actually end up paying much more because there is no specified time at which your monthly payments would stop. 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 Warranty Cost?

Your vehicle make, model, age, and mileage all affect the cost of an extended car warranty. Your price will also increase or decrease depending on the provider and level of coverage you choose, as well as your deductible. In general, a higher deductible means lower monthly payments and vice versa.

 


 

What To Consider When Shopping For Coverage

Comparing extended car warranty costs can be confusing, especially when one provider offers you coverage for four 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. This extended car warranty cost is often negotiable. 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 prices 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 repair. If your repair costs $800 and your deductible is $100, your warranty company will pay $700 to the 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 two vehicles we received quotes for 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 total price by years of bumper-to-bumper coverage, we found that CarShield still offered the most affordable rate per year of coverage.

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 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 a lower 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 then 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.

In our CarShield review, we found that the popular provider offers the Best Value in the industry. CarShield has been in business for 15 years and offers coverage for vehicles with up to 200,000 miles. Six different 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 earned positions one and two in our industry-wide review for 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 breadth of coverage and exclusions.

 


 

Frequently Asked Questions

Is an extended warranty worth it for cars?

An extended warranty can be worth it for many car owners both for its peace of mind and potential to save drivers hundreds or even thousands on vehicle repairs. An extended warranty company pays for covered repairs and you pay only a deductible.

How much do extended car warranties cost for used cars?

Extended car warranties cost about $2,800 for used cars. The price you get for your vehicle 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 a very old 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 as the best extended car warranty company for its strong benefits and exceptional customer service.

 

Read our guides to other warranty providers: