What is the priciest car part or component to replace?

What is the most expensive car maintenance procedure? I'm starting an emergency fund for car maintenance, but to do so, I want to plan for repairs based on the most expensive car part replacement.

Answer
“Having an emergency fund for car maintenance is fiscally savvy!
The most expensive car part to replace is almost always the engine. If the engine fails, you can reasonably expect to pay $5,000 or more for the part plus expensive labor to get the job done.
Some of the other most expensive parts to replace include:
  • Transmission
  • Camshaft
  • Hybrid car battery
  • Air bags
  • Head gasket
  • Catalytic converter
Keep in mind that the prices of these parts will vary depending on the model of the car. If you have collision coverage, your insurance company will pay for repairs if the damage occurred as the result of an accident. If it occurred through normal wear and tear, you’ll have to have a used car warranty to ensure that you don’t have to pay anything out of pocket.
When budgeting for the surprise expenses of car ownership, keep in mind that any claims filed against your car insurance will raise your monthly premiums. If you worry your car insurance rates are too high, try using the Jerry app. Jerry will automatically review your policy every six months to make sure you’re getting the best coverage for the lowest rates. And the best part–Jerry does this for free.”
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Eric Schad
Answered on Aug 30, 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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