Find the Best Extended Auto Warranty Companies in Lexington, KY

What is an extended auto warranty?

An extended auto warranty is like an insurance policy on the components of your vehicle.‌ If a part fails unexpectedly, the warranty kicks in and covers the cost of repairs. For Kentucky drivers, this means having peace of mind and knowing that you won't be liable for costly transmission problems or engine trouble.

In Lexington, there are a few different factors that shorten the lifespan of your vehicle. Salt on the roads in winter, stop-and-go traffic downtown and daily commutes from Wilmore or‌‌ Versailles all wear on a car. An extended warranty offers protection even if your vehicle has higher mileage.

What does an extended auto warranty cover

Unlike warranties from your car’s manufacturer or a service plan from the dealer, consumers in Lexington purchase extended auto warranties directly. Extended auto warranties usually extend past the expiration of a manufacturer or dealer warranty. These plans are also distinct from car insurance, which protects you in case of an accident. Think of an extended auto warranty as more of a service contract that covers repairs for damage caused by wear and tear.

What exactly your auto warranty covers depends on which plan you choose. Common options in Lexington include:

• Powertrain: These warranties cover both the engine and the transmission, as well as any other part that provides power or movement to the vehicle.
• Drivetrain: Similar to a powertrain warranty, the drivetrain includes the transmission and everything else that helps the vehicle move excluding the engine or anything providing power.
• Bumper to bumper: These warranties are the most comprehensive and cover almost everything except wear items like brakes, tires or windshield wipers.
• Maintenance: Maintenance warranties cover oil changes, tune-ups, filter changes and other routine maintenance items.

How much does an extended warranty cost in Lexington?

The price of extended auto warranties in Lexington ranges from $1,800 to $4,000, which consumers may pay in installments. Most providers offer multiple plans, with basic warranties running around $80 per month and comprehensive warranties costing as much as several hundred dollars each month. The higher your monthly payment, the lower your deductible.

Other factors that impact your cost include your:

• Deductible
• Level of coverage
• Vehicle's age, mileage and type

Are extended car warranties worth it?

Extended auto warranties in Lexington protect you from paying for unexpected auto repairs, whether you're purchasing a new vehicle or driving a higher-mileage car. However, there are both benefits and negatives to extended auto warranties.

How to choose an extended auto warranty

There are quite a few extended auto warranty providers in Lexington. As you begin to compare them, look out for these coverage features:

• Deductible: If the deductible is too high, the plan may not be worth the investment.
Claims process:‌ Does the company pay the auto shop directly?‌ Or, do you pay and they reimburse you later?
• Mechanic network: It generally costs extra to choose your own mechanic. Instead, the warranty provider refers you to a repair shop in its network.
• Limitations: There's usually a mileage or age limit on covered vehicles. For example, some policies might last until the vehicle reaches 6 years old or 100,000 miles.
• Waiting period: In lieu of vehicle inspections, many providers impose a waiting period before coverage kicks in. Waiting periods are usually 30 days, during which time you can often get a refund if you desire.
• Company reputation: Do warranty holders seem pleased with the company’s customer service and claims processing? Read reviews to find testimonials from Kentucky drivers like you.