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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?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
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!
View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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