Has anyone used this insurance for repairs on older cars? Did they find it worked and saved money? I guess like most insurance you have to contact them to get a quote. But from what I have read around the internet, it's not cheap. Wondering if it's worth it. Are there better options?
My SUV is 5 years old and I plan to hold on to it for a while.
My Tacoma had a sensor go bad, making it unable to pass inspection. It had 165000 miles on it and it was a $2500 repair. Completely insane. I traded it in instead but wondered in retrospect if I should have signed up for a warranty, driven it a few more months and then made a claim.
I just inherently don't trust aftermarket warranty companies.
I think its a lot smarter to decide how much per month a plan will cost a d just put that into your own little savings account.
Assuming they’re legit (some are barely legit) they have all the data on what breaks on your car and when. Guess what’s not likely covered?
It comes down to you betting that what breaks on your car will: A) be covered; and B) cost them more than your policy costs you. And you’re making this bet with a company that makes big money making this same bet with others. And as I said, they have the data on auto repairs.
You’re way more likely to come out ahead just setting aside what would be a payment to them into an emergency car repair fund for yourself.