Auto Repair Insurance for Older Cars: How Does It Work
The right plan can protect your vehicle as if it was new.
Even if your car is old, you still want to take care of it. In fact, some people prefer their old car and wouldn’t trade it for a new one even if they could. In any case, there are ways to have unexpected repairs paid for, very much like insurance. You might think of this as auto repair insurance for older cars. Get the details on used car repair insurance, so you’ll understand how this works.
Let’s Get the Name Right
There’s a lot of confusion out there about auto repair insurance for older cars. Why? Because it’s not really insurance. Insurance pays for the damage to a car due to things like an accident, vandalism, or natural disaster. If you have a sudden, unexpected breakdown, however, your auto insurance doesn’t pay for the repairs.
Extended Vehicle Protection Does Pay
Instead of insurance, other plans exist for the unexpected car repair scenario. These are extended vehicle protection plans. Some also call them extended warranties or auto repair insurance for older cars.
These prepaid plans protect your older car like it was new. For qualified vehicles, the cost of repairs can be covered as if the vehicle was still under the factory warranty. At most, you will pay a deductible when you pick up your vehicle. That’s much more affordable than shelling out hundreds or thousands of dollars to repair your used car, truck, or SUV.
Powertrain Coverage – A Popular Option for Auto Repair Insurance for Older Cars
Many older car owners might opt just for powertrain coverage, which pays for repairs to the engine, transmission, axle, and drivetrain. These repairs are expensive, so getting auto repair insurance for older cars can save you hundreds or thousands of dollars.
Your powertrain warranty could save you:
- Approximately $4,000 to rebuild the engine.
- Over $3,000 to rebuild the transmission.
- $900 or more to repair the axle.
- $1,000 or more to repair the drivetrain.
If you don’t have the money sitting in the bank, waiting to be spent, you need to protect yourself with auto repair insurance for older cars.
Bumper-to-Bumper Coverage – Another Option for Auto Repair Insurance for Older Cars
While a powertrain warranty might be the most common, you can add an extra layer of protection by getting bumper-to-bumper coverage for used vehicles. Once thought to only be available for new cars, trucks, and SUVs, used car owners can now protect almost everything between the bumpers with a used car bumper-to-bumper warranty.
This auto repair insurance for older cars covers:
- Electrical Systems
- Air Conditions
- Water Pump
- Fuel Pump
- Fuel Delivery
- And So Much More!
These systems are more likely to break down as your vehicle gets older. Fortunately, your extended warranty will cover parts and labor, so you can get back on the road quickly without having to find a way to pay your mechanic.
Protect Expensive Technology with a Tech Package
Vehicles used to be pretty basic. You turned a key, put the car in drive, and went to your destination. Now, even used vehicles are loaded with technology. Your vehicle might have:
- Backup Cameras
- Parking Sensors
- Ambient Interior Lighting
- Keyless Entry
- Smartphone Integration
This is just a small list of the numerous technological features in vehicles. What will you do if something happens to your vehicle’s technology? It’s expensive to repair, so unless you have a way to pay for it, you’ll have to live without those features that you love. Do you really want to drive around town without your navigation system or try to back up without your camera showing you the road?
Fortunately, you can use auto repair insurance for older cars to cover the cost. This extended vehicle coverage will allow you to get the problem fixed as soon as it occurs, without scrambling for money.
Auto Repair Insurance for Older Cars Covers the Indirect Costs of Breakdowns
Did you know that auto repair insurance for older cars can even cover the indirect costs that you experience when your vehicle breaks down? When your vehicle stops running, you’re out money for:
- Roadside Assistance
- A Rental Car
These costs might not be as expensive as the repairs, but they make the situation more stressful. Fortunately, auto repair insurance for older cars can cover these costs, as well.
Auto Repair Insurance for Older Cars – How the Process Works
When you get auto repair insurance for older cars, the process is really simple. If you’re on the road and your vehicle breaks down, call the roadside assistance number provided by your warranty company. Regardless of the time of day or night, help will come your way immediately. Just sit tight and wait.
If it’s a simple problem like you ran out of gas, roadside assistance can fix it if you have the proper coverage.
Most often, it’s not a simple problem, though, but you don’t need to worry if you have an extended warranty. Roadside assistance will tow your vehicle to a repair shop. You get to choose the shop, so you can stick with your trusted mechanic if you wish. You can also change mechanics if you prefer. The choice is completely yours.
When your vehicle arrives at the mechanic, show the office your extended vehicle protection plan. Your mechanic will work directly with the warranty company, so you don’t have to worry about the paperwork at all.
This is true, even if you have an expensive problem, such as a:
- Faulty Transmission
- Damaged Engine
Then, you will receive a rental car to use while your vehicle is in the shop. Just like the cost of repairs, this benefit is free to you. It’s completely covered, so you will still have the freedom to drive without worrying about expensive costs holding you back.
Once your vehicle is repaired, you return the rental car and grab your vehicle. If your plan includes a deductible, you will pay it, but that’s all. Then, you’ll be back on the road in no time!
As you can see, these plans provide a fast and easy repair process, and you can keep trucking along the roads while your car is fixed. You won’t have to worry about trying to find rides or sitting at home when your car is repaired.
Can you afford to drive without an extended car warranty? If you don’t have thousands of dollars to hand over to a mechanic, it’s time to shop for extended car warranty plans.
Lock in Repair Costs Today
Have you noticed how repair costs seem to rise every year, if not more? Labor costs are on an upward trend, so that means you can expect to spend more each time you take your vehicle to the repair shop.
That’s pretty stressful, isn’t it?
When you buy one of the plans for auto repair insurance for older cars, you lock in the price upfront. Your warranty price does not go up as long as it’s active, so you don’t have to worry about the rising costs of repairs. The repairs will cost the same for you, no matter how much your mechanic charges.
That means you’ll only pay your deductible, no matter what.
Your mechanic can increase the rates by 100 percent, and it won’t affect you. Your friends and family might complain about how expensive repairs are getting, but you will just smile, knowing that you won’t pay anything each time you take your vehicle to the shop.
Used Luxury Vehicles
If you owned a used luxury vehicle, you know you can drive it for miles and miles. These vehicles were built to last, but that doesn’t mean they don’t have problems. Like any other car, truck, or SUV on the road, your luxury vehicle will require repairs from time to time.
Unfortunately, when you take your luxury vehicle to the shop, you can expect extremely expensive repair costs. It costs much more to repair a Lexus ES 350 than a Toyota Camry, so you can expect significant sticker shock when the mechanic hands you the bill.
Avoid this by purchasing one of the auto repair insurance for older cars. These warranties can be used for any make or model, including:
- Mercedes Benz
- Range Rover
Without a used warranty plan, your vehicle could end up in the garage instead of on the road. Your luxury vehicle is meant to be shown off, so don’t make the mistake of failing to protect your investment.
Extended Warranties After the Factory Warranty Expires
There’s a myth that once a manufacturer’s warranty expires, it’s too late to get an extended warranty. However, it’s never too late to get an auto insurance repair plan. You can even buy one after purchasing a used vehicle from a dealership or third-party seller. That’s true even if your parents give you a used car to tool around town.
Not only is it not too late, but it also makes perfect sense to get a superior protection plan.
Choosing a Plan
There are so many variables that go into selecting the right auto repair insurance for older cars. You need to think about:
- Average Cost of Repairs
- Type of Vehicle
- Driving Style
These variables can make it hard to know which type of plan you need. While some companies only offer cookie-cutter plans based on templates, you can have a plan customized to your exact needs.
You’ll talk to an auto warranty specialist to go over your needs. Then, the specialist will design a plan just for you. It won’t be based on a template, and it won’t look like the next plan the specialist creates. Instead, it will be fully customized based on your driving style and needs. Get your own customized plan by getting a free quote today!
Paying for a Plan
You know that you need auto repair insurance for older cars, but you aren’t sure about the payment. Can you afford this coverage?
When you get a quote, the repair specialist will help you find the most affordable extended warranty for cars. That way, you will not overpay for coverage.
But that’s not all. The specialist will also provide you with payment options. If you want to make one payment and forget about it, you can pay for the entire warranty upfront. Then you won’t have to worry about keeping up with your payments.
Don’t worry if you can’t pay for the plan upfront, though. You also have the option of making low monthly payments. Simply keep up with the payments to ensure your warranty stays active. As long as your payments are current, you can take your vehicle to the repair shop of your choosing.
What Happens if You Sell Your Used Vehicle?
Are you worried about committing to an extended warranty plan for your used car because you might sell it later? You don’t want to pay for something that you might not use for the entire duration.
Even if you’re thinking of selling your vehicle down the road, you should consider an extended vehicle warranty plan. Most plans are transferable. They stay with the vehicle, so the person who buys your used car can use the warranty, as well.
This is ideal when selling a used vehicle. When your vehicle has an extended warranty, you can:
- Sell your car for more money.
- Find more interested buyers.
- Prove that you take care of the vehicle and it has the necessary repairs.
Be Confident About Your Older Car
If you want to think of it as insurance, that’s fine. The truth is that extended vehicle service contracts give you a similar confidence about your vehicle. If it breaks down, you’re not stuck with the bill. So keep rolling!
You can even proceed with confidence when selecting your plan since it’s so easy. First, submit a request for a quote online. A vehicle repair specialist will call you back shortly to get started. Answer some questions, so the specialist can create your plan.
Then, choose if you want to make low monthly payments or pay for the plan at once. Make your payment and get the plan. It’s honestly that easy.
Are you too excited to wait to get started? Instead of submitting an online quote, you can call a vehicle protection specialist right now to learn more about auto repair insurance for older cars. Then, you can get your quote within minutes.