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Should I get a Honda extended warranty?
I’m going to the Honda dealership this weekend to check out some new cars. I may drive off the lot with one, but I’m wondering if there are any warranty options I should take advantage of. Is it worth getting a Honda extended warranty?
Maxine Boyko · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Good luck with your search! Whether you should get a
Honda
extended warranty or not is completely up to you, but we will go over some basics to consider. First things first, when it comes to the long-term costs of your vehicle, experts advise that extended warranties are typically a bad deal. According to a Consumer Reports survey, 55% of drivers who purchased an extended warranty for their car never used it. And for those who did use it, they saved less on the repairs than what they had paid for the warranty in the first place.
That said, if it offers you any peace of mind, maybe it’s worth it to you. Just keep in mind that the average annual repair and maintenance costs for a Honda typically average $428. If you want to avoid unexpected repairs that will cost you much more than that, then it might be worth purchasing—but don’t forget to take a look at what your insurance policy will cover.
Adding onto your car insurance plan may cover as much or even more than what a typical extended warranty covers. Before agreeing to anything extra or special when it comes to your Honda’s warranty, you should check out your car insurance options with Jerry.
Jerry
is a licensed broker and insurance shopping super app designed to compare quotes across top-rated insurance companies. Once you find the rate that works for your budget, Jerry will help you enroll in your new coverage and cancel your old policy. Plus, the average user saves more than $800 per year.View full answer
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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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