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        home > guides > Car Warranty > Cheap Car Warranty

        Cheap Car Warranty

        TDB Staff
        Dec. 01, 2021
        Featured Extended Warranty Companies
        We reviewed every major warranty company for coverage, affordability and more. Here are our recommendations.
        Endurance
        Endurance
        Best Provider
        Our first choice for comprehensive coverage.
        (855) 721-4060
        GET PRICING
        CarShield
        CarShield
        Best Value
        Our research shows that CarShield has some of the lowest warranty rates available.
        (855) 339-9006
        GET PRICING
        Protect My Car
        Protect My Car
        Best Financing
        Get extended warranty coverage or a maintenance plan for your vehicle.
        (888) 430-0227
        GET PRICING

        Affiliate Disclosure

        In this guide, we’ll review some of the cheapest car warranties on the market and provide recommendations for ways to get lower prices on an extended car warranty.

        Cheap Car Warranty Deals

        Below are our picks of the most affordable extended car warranties to fit your budget:

        Cheapest Car Warranty: CarShield

        CarShield is a major extended warranty provider that currently covers over a million cars on the road. The provider stands out for letting its customers work with any ASE-certified mechanic. Additionally, CarShield’s plans have no deductible, so drivers do not have to worry about having enough money when they need a repair.

        CarShield warranties are excellent for drivers who want short term, pay as you go coverage. Unlike other extended warranty companies, CarShield offers month-to-month coverage starting as low as $99 per month. Before purchasing an extended warranty from CarShield, we recommend exercising caution and doing your research on this company. According to the BBB, there has been a pattern of customer complaints regarding poor customer service and failure to cover repairs.

        Runner-Up, Best Provider
        Industry leader with one of the highest mileage limits of any extended warranty provider.
        CLICK TO CALL
        (866) 365-6130
        Get Quote

        Best Value Extended Car Warranty: Endurance

        Endurance is an extended warranty brand that truly lives up to its name, standing out for offering a wide range of plans. Overall, Endurance has plans that fit any needs and budget, allowing drivers to stay on the road. Each of the plans offered by Endurance are designed to meet drivers’ particular needs, ranging from coverage that is comparable to a new car factory warranty all the way to used car coverage for vehicles with up to 150,000 miles. The basic “Secure” plan provides standard coverage that protects cars against some of the most expensive repairs. The company’s top plan, “Select Premier”, covers the smallest repairs.

        One thing that stands out about Endurance warranties is that all of it’s plans are secured by AmTrust Financial Services. This is important because it ensures that your claim with the company is guaranteed to be paid out even if Endurance fails financially. With that said, despite being financially secure and having such a wide range of coverage plans, Endurance only earned a “C” rating from the BBB, a factor which could bring the company’s reliability into question for some.

        Best Provider
        Our first choice for comprehensive coverage.
        CLICK TO CALL
        (855) 721-4060
        Get Quote

        Affordable Extended Auto Warranty From Top Provider: CARCHEX

        Although they aren’t the cheapest extended car warranty company, CARCHEX is one of the best low-cost options from our list of best extended car warranty companies. One of the ways CARCHEX gets the lowest prices is from its “compete model”, where it serves as a broker that serves as a platform for car warranty companies to compete over your business (and thus lower your price. CARXEX extended car warranties are backed financially and written by reputable providers like Royal Administration Services, American Auto Shield, and Allegiance administrators. Along with helping the company provide more affordable car warranties, this also makes CARCHEX more secure than many providers.

        With 5 levels of coverage levels and contracts ranging from 12 to 84 months, CARCHEX is one of the best extended warranty providers out there. Along with the specific items covered in each package, every CARCHEX warranty includes added benefits like 24/7 roadside assistance, rental reimbursement, trip interruption, and towing service. Also, every CARCHEX warranty provides at least powertrain coverage. Unlike Endurance, CARCHEX doesn’t administer it’s own plans. Instead, CARCHEX serves as a broker and it’s plans are administered by companies like Royal Administration Services, Allegiance Administrators, American Auto Shield, and others, allowing CARCHEX to be one of the most secure providers.

        Runner-Up, Best Provider
        Industry leader with one of the highest mileage limits of any extended warranty provider.
        CLICK TO CALL
        (866) 365-6130
        Get Quote

        Low Cost Extended Car Warranty Runner-Up: Protect My Car

        Protect My Car offers extended warranty plans for both new and used vehicles. The provider has plans for all types of vehicles, including cars with over 125,000 miles. Plans feature flexible payment terms, and 24/7 roadside assistance comes standard with all Protect My Car plans. Overall, Protect My Car is an excellent provider that anyone considering an extended warranty plan should consider using.

        While cars over 13 years old cannot take advantage of PMC extended warranties, PMC does offer Ambassador maintenance plans, which provide guaranteed discounts between 25 and 50 percent. In addition, while Ambassador plans don’t provide as much protection as its regular plans, they do come with rental reimbursement, 24/7 roadside assistance, and more.

        For its regular warranties, all PMC plans come with 24/7 roadside assistance and access to PMC rewards, which can help loyal customers by providing shopping and dining discounts. Another thing that helps Protect My Car stand out is its flexible payment terms, as its monthly plans last between 36 and 60 months. This allows you to finance your coverage over many years.

        Founded in 2005 in St. Petersburg Florida, Protect My Car is a top choice for extended car warrantees. The company looks very attractive on the surface, as it has hundreds of 5 star customer reviews on BBB and thousands on Trustpilot. All PMC plans have a $100 deductible, as $0 deductible options aren’t available.

        Best Long-Term Financing
        Get extended warranty coverage or a maintenance plan for your vehicle.
        CLICK TO CALL
        (888) 430-0227
        Get Quote

        Cheap Extended Warranty For Used Cars: autopom!

        autopom! has four different coverage levels to choose from, each of which that has multiple extended warranty plan options from various providers. autopom!’s powertrain plan covers the basic parts of a vehicle that make it run plus the power door locks and windows. With a small number of exceptions, the company’s exclusionary offers cover every component on the vehicle. In addition to the coverage provided in its plans, autopom! warranties also include added perks like rental car assistance and tire protection.

        Although plans offered by Concord aren’t unique compared to competitors, the company is still a viable option considering the quality and breadth of its offerings. Along with grading well for it’s customer service, every plan by the company also includes 24-hour roadside assistance, trip interruption coverage, lockout service, battery re-charging, and gas delivery. Unfortunately, unlike some of its competition, Concord isn’t financially backed by outside companies, meaning the company lacks a safety net to hedge its customers against the possibility of a company failure.

        Founded in 2013, Concord is a relative newcomer to the industry that boasts a B rating from the Better Business Bureau. Along with its high customer ratings, Concord also has many positive customer service reviews, including a 4.7 rating from Trustpilot and a 4.73 rating from the BBB, customer reviews that are higher than any other provider in the industry.

        While the fact that Concord doesn’t offer a bumper-to-bumper plan may dissuade some drivers from choosing the company, the varying levels of coverage provided by the company’s 3 offerings is good enough for most drivers. In terms of pricing, Concord is cheaper than many competitors. The quotes obtained during our research process were consistently lower than much of the competition. You can save substantial money on a Concord plan by choosing your payment in full. If within your budget, this is an excellent choice.

        Best Claims Process
        The claims process is simple with this provider's top-notch customer service.
        CLICK TO CALL
        888-691-2354
        Get Quote

        Cheap Auto Warranty Basics

        An extended car warranty covers the cost of unexpected repairs in the event of a mechanical breakdown. However, it is important to note that although the extended auto warranty discounts cover repairs for your vehicle, they do not usually cover repairs for the whole vehicle. A car warranty covers only the essential or agreed-upon parts of the car for a certain number of years or miles. Although it may take a while before you finally get to benefit from a cheap extended warranty, it usually comes in handy when you least expect it. IIn such scenarios, cheap car warranty deals come in handy since you won’t have to worry about footing the repair/service bill if your car has a warranty.

        Think through both costs and select the one you feel would serve you best.f you do a thorough job researching your warranty plan and provider before purchasing in order to balance affordable cost with a level of coverage that fits your needs, a cheap car warranty may prove to be worth it. Since used cars have a history of repairs and breakdowns, drivers may not know when or where their vehicle will break down. The cost of repairs may also be on the higher side, depending on what is to be repaired. Therefore, taking out an extended warranty will benefit you as the warranty will alleviate you of the financial risk that comes with vehicle repairs.

        Factors That Affect Extended Warranty Cost

        The cost of an extended car warranty depends on factors like the level of coverage, length of the coverage period, and the make, model, age and mileage of your vehicle. Generally, coverage for older vehicles is more expensive than coverage for newer vehicles because they are more likely to suffer a mechanical breakdown. Additionally, premium plans and plans with lengthy coverage periods will also cost more. If you are looking for a cheaper car warranty, it is best to get a warranty sooner before your vehicle continues to rack up more miles and age. Additionally, those who choose cheaper car warranties will likely have to sacrifice some coverage in exchange for a lower price. For those looking to get basic coverage while keeping costs low, a powertrain warranty can be a good option because it covers your vehicles major systems, which breakdown less often but are more costly to repair when they do.

        How To Get A Good Deal On A Car Warranty

        When shopping for an extended car warranty, there are several steps you can take to ensure that your costs are low. Below are our recommendations for how to shop for a car warranty so you get the lowest price that fits your needs:

        • Get Quotes From Multiple Companies: We recommend getting quotes from at least three providers, as this will give you a solid general idea of how much it costs to cover your vehicle and a better chance of getting a cheaper quote.
        • Purchase The Warranty Directly From The Provider: Because dealerships tend to mark up prices for commission, you’ll almost always get a lower price if you purchase the warranty directly from a reputable provider.
        • Read The Contract: Sometimes the overall cost of your car warranty will be higher than the prices you are quoted. To cut costs, make sure to read the fine print so you are aware of hidden costs like additional fees or deductible policies that aren’t straightforward.
        • Ask About Discounts: Most providers have discounts with varying eligibility requirements. Examples that are common include discounts for veterans, police officers, seniors, or those who purchase contracts for multiple vehicles.
        • Avoid Financing: Avoid traditional payment plans that include interest. While this may seem like it saves you money in the short term, you’ll end up paying much more for the loan at the end of the day. To avoid this, look for a provider with an interest-free payment plan.
        • Choose The Optimal Payment Structure: Generally, longer payment terms mean you’ll pay more overall. To lower the cost of your extended car warranty, choose a shorter payment period and consider options with a higher down payment. If you aim for lower monthly costs and more spread out payments, you should choose a longer payment plan with a lower down payment.
        • Don’t Be Afraid To Negotiate: In order to get a lower price, don’t be afraid to haggle with the provider for a cheaper car warranty.
        • Don’t Put It Off: The longer you wait to get your vehicle covered, the more you will end up paying because your vehicle will be older and have more miles.

        Advantages of an extended car warranty.

        1. The most significant advantage of an extended warranty is that it might help you save money if your vehicle requires an expensive repair that is covered by your contract. Instead of paying the full cost yourself, you’d only be responsible for the deposit, and the remainder would be covered by the warranty provider, as covered in the contract of service.
        2. If thinking about how you’ll pay for a repair keeps you awake at night, having an extended warranty can help.

        Disadvantages of an extended car warranty

        1. Coverage- An extended warranty doesn’t cover repairs for all issues of a vehicle. They usually only cover the essential or agreed-upon parts. Before signing the papers, be sure to read and understand which parts of your car are covered by the extended warranty.
        2. You may actually never get to use your extended warranty, and if you do, the cost of repairs will most likely be less than the total cost of the warranty, so you may want to think it through before signing off on one.
        Featured Extended Warranty Companies
        We reviewed every major warranty company for coverage, affordability and more. Here are our recommendations.
        Endurance
        Endurance
        Best Provider
        Our first choice for comprehensive coverage.
        (855) 721-4060
        GET PRICING
        CarShield
        CarShield
        Best Value
        Our research shows that CarShield has some of the lowest warranty rates available.
        (855) 339-9006
        GET PRICING
        Protect My Car
        Protect My Car
        Best Financing
        Get extended warranty coverage or a maintenance plan for your vehicle.
        (888) 430-0227
        GET PRICING

        Cheapest Car Warranty: Conclusion

        In this article, we provided our list of the most affordable extended car warranties and ways to get a better deal on a car warranty.Taking an extended warranty depends on so many factors, and you should do proper research to select the right one for you. Speak to your car manufacturer or dealership as they will provide useful advice that will enable you to select the best extended car warranty for your vehicle.


        Affordable Car Warranty: FAQ

        What is the cheapest monthly rate for an extended car warranty?

        Our reviews have found that with discounts and the proper approach, you should easily be able to find a powertrain extended car warranty under $100, provided your vehicle doesn’t have extremely high mileage.

        How much does an extended car warranty cost overall?

        In our cost reviews, we found that you can get an affordable extended car warranty for around $1,800 from if you do your homework and follow the processes outlined in this review.

        Who has the most affordable car warranty?

        CarShield is the cheapest provider on the market. This interview also identified Endurance, CARCHEX, Protect My Car, and autopom! as companies that have affordable car warranties.


        Methodology

        The Detroit Bureau collects data from every major car warranty provider to formulate rankings of the best warranty companies. Our in-depth rating system takes into account coverage, pricing, transparency, customer satisfaction and ratings from industry experts. Each provider is given a weighted score in five categories, as well as an overall score out of 10.0.

        We recommend auto warranty companies based on these rankings, but we also encourage you to perform your own research and compare quotes to find the best coverage.

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