Find the Best Extended Auto Warranty Companies in Colorado Springs, CO

What is an extended auto warranty?

An extended auto warranty, also called a vehicle service contract or aftermarket warranty, covers the cost of car repairs after the original manufacturer’s warranty runs out. If your vehicle breaks down and you have an extended auto warranty in Colorado Springs, you can take it to any authorized repair facility. You pay a deductible, and the rest is covered.

An extended auto warranty can save vehicle owners hundreds, even thousands of dollars in Colorado Springs, where cars break down from constantly sitting in traffic and operating in snow and ice.

Extended auto warranties are available for most makes and models of vehicles, including those with high mileage or old model years. An extended auto warranty is usually renewed annually and covers a vehicle for a certain period of time or number of miles.

What does an extended auto warranty cover

Extended auto warranty coverage depends on the plan you purchase. Most extended auto warranty companies offer different plans, ranging from coverage of only the most essential systems and parts (e.g., engine, transmission, drive axle) all the way up to coverage similar to a vehicle’s original factory warranty.

Depending on the plan you select, an extended auto warranty in Colorado Springs may cover:

• Engine
• Transmission
• Drive axle
• Transfer case
• Fuel system
• Air conditioning
• Cooling system
• Electrical components
• Suspension
• Steering
• Brakes
• Gaskets

An extended auto warranty is different from car insurance, which is required for vehicle owners in Colorado. An extended auto warranty covers mechanical breakdowns and is an entirely optional purchase. Car insurance covers liability, theft and weather damage.

How much does an extended warranty cost in Colorado Springs?

The total cost of an extended auto warranty in Colorado Springs is usually between $1,000 and $4,000, with annual costs averaging $350 - $700. Extended auto warranty cost depends on:

• What’s covered
• Vehicle make and model
• Vehicle age
• Vehicle mileage
• The deductible
• Your driving habits

Extended auto warranty companies offer monthly payment plans to make coverage more affordable. It is common for providers to offer a money-back guarantee if you change your mind after purchasing and before coverage takes effect (usually 30 days after purchase).

Are extended car warranties worth it?

There are pros and cons of extended car warranties in Colorado Springs.

How to choose an extended auto warranty

When choosing an extended auto warranty in Colorado Springs, look for a well-reviewed company with insurance-backed plans that cover your make and model of vehicle with the level of coverage you want. Get quotes from multiple companies to compare options. As you read over a plan, make sure you understand the following:

• What is covered and what isn’t covered
• Plan benefits and limitations
• The deductible amount
• How long the plan lasts
• The cost and how you will make payment(s)
• Whether there is a waiting period before coverage takes effect
• How to make a claim
• Where you can take your car for repairs
• Whether the warranty company pays the repair facility directly or reimburses you
• Cancellation policy and money-back guarantee
• If the contract is transferable if you sell the vehicle