Should I buy an extended warranty for my car?

I've read differing reviews and opinions about extended warranties for cars, and I’m not really sure what the right choice is. Should I buy an extended warranty?

Answer
Extended warranties can be a good move for some people, but not all. About 55% of the buyers of these policies report that they never filed an extended warranty claim—meaning that if you don’t use your extended warranty, you could lose a significant amount of money.
The real situation comes down to whether or not you can afford to pay expenses out of pocket. If you think an extended warranty would be necessary, or would come in handy, you should still consider it, but you should also consider other options, too. For example, putting money away in an emergency fund might be cheaper in the long run than purchasing an extended warranty. You may also want to consider mechanical breakdown insurance.
If you do want to get an extended warranty, you make sure you get the best possible deal for it. The easiest way to do this is through the Jerry app—we’ll get you customized quotes from top providers so that all you need to do is choose the policy you prefer.
Best of luck, and happy shopping!
Eric Schad
Answered on Nov 01, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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