October 13, 2021
| On 2 months ago

5 Most Reputable Extended Car Warranty Companies (2021)

Reputable extended car warranty companies can sometimes be hard to come by. Unfortunately, plenty of extended warranty providers have ambiguous contracts and questionable claims policies.

Searching almost any provider reveals a number of dissatisfied customers. To help avoid potential scams, we’ve reviewed the best extended auto warranty companies by analyzing price, industry reputation, customer service, and coverage plan options. This article takes a closer look at five of the most reputable extended car warranty companies in the business.

 

Reputable Extended Car Warranty Companies
Best Coverage Best Service Best Financing
★★★★★ ★★★★★ ★★★★1/2
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(888) 650-5952 (866) 254-0205 (888) 430-0227

 

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5 Most Reputable Extended Car Warranty Companies

  1. CARCHEX: Best Service
  2. Endurance: Best Coverage
  3. autopom!: Best Customer Experience
  4. Protect My Car: Best Financing
  5. ForeverCar: Great Customer Reviews

After performing extensive research into reputation, coverage, price, transparency, and customer service, it’s clear that these five warranty companies are among the most trustworthy in the business. Here’s a closer look at our top picks for reputable extended car warranty companies:

Provider Year Founded BBB Rating Trustpilot Rating Our Score
CARCHEX 1999 A+ 3.3 4.8
Endurance 2006 C 4.4 4.9
autopom! 2010 A+ 4.0 4.4
Protect My Car 2005 A+ 4.6 4.5
ForeverCar 2011 A+ 4.8 4.1

#1 CARCHEX: Best Service

CARCHEX is a no-brainer for a list of the most reputable extended car warranty companies. It has been in business since 1999, has a strong industry reputation, and holds endorsements from Kelley Blue Book, Edmunds.com, and CARFAX.

CARCHEX is transparent about its warranty contracts, offers a 30-Day Money Back Guarantee during the waiting period, and has a fast and simple quotes process. Customer reviews are mostly positive, which is impressive given the company’s size. Overall, we believe CARCHEX provides drivers with peace of mind by offering the Best Service on the market.

CARCHEX Coverage Plans

  • Titanium: Exclusionary coverage that’s relatively similar to a manufacturer’s warranty
  • Platinum: Limited bumper-to-bumper coverage for hundreds of parts
  • Gold: CARCHEX’s comprehensive service plans for used cars
  • Silver: Powertrain warranty with additional coverage for air conditioning, fuel systems, and electrical systems
  • Bronze: CARCHEX’s most affordable auto repair plan covering major systems along with the drivetrain and transmission

To learn more about this third-party provider and plan administrators such as American Auto Shield, check out our CARCHEX review.

★★★★★
Our research found this provider to have the Best Service.

#2 Endurance: Best Coverage

Endurance was the only car warranty provider to make the 2020 Inc. 5000, which ranks the nation’s fastest-growing private companies. It’s not too hard to see why after looking at the provider’s extensive plan choices and low overall car warranty costs.

With six levels of coverage, you can find an Endurance extended warranty that covers almost anything. Endurance coverage comes with extensive perks, including tire repair and replacement, roadside assistance and towing, trip interruption coverage, rental car reimbursement, and even key fob replacement.

Our price analysis found that prices are competitive, especially for older vehicles with many miles, and Endurance customer satisfaction is very high. Customers report that Endurance salespeople are neither pushy nor rude cementing its status as one of the most reputable extended car warranty companies.

Endurance Coverage Plans

  • Supreme: Endurance’s highest level of coverage, similar to the warranty coverage included with new cars
  • Superior: High-level bumper-to-bumper warranty that covers everything from the rear suspension to the engine
  • Select Premier: Stated component coverage for high-mileage vehicles and used vehicles
  • Secure Plus: Covers critical parts in addition to steering, turbochargers, and brakes
  • Secure: Endurance’s affordable powertrain coverage option
  • Advantage: Covers routine maintenance and offers extensive car repairs in the event of a mechanical breakdown

Endurance is also unique in that it administers all of its extended car warranty plans directly, making it a direct provider. For more information, see our Endurance warranty review.

★★★★★
Endurance is our pick for Best Coverage, with its comprehensive warranty options.

#3 autopom!: Best Customer Experience

It’s easy to include autopom! among the most reputable extended car warranty companies. The company holds an A+ rating with the Better Business Bureau (BBB), and customer reviews are overwhelmingly positive, with an average BBB customer rating of 4.6 stars. Though autopom! has been accredited with the BBB for 10 years, there is only one posted customer complaint.

While autopom! does not cover all luxury vehicles, it does offer some high-value exclusionary contracts. Exclusionary contracts usually offer the most expansive coverage, as they are guaranteed to cover everything except parts that are explicitly listed. With such contracts, it’s very easy to know exactly what is covered.

autopom! Coverage Plans

  • Exclusionary: Similar to the coverage you get on a new vehicle from the dealership
  • High-Level: Extensive named component coverage that backs important systems
  • Mid-Level: This warranty covers the powertrain along with the air conditioning, suspension, and electrical systems.
  • Powertrain Plus: Backs the powertrain, including the engine, transmission, and drive axle

Read more about your options in our autopom! review.

★★★★½
autopom! is our pick for Best Customer Experience.

#4 Protect My Car: Best Financing

Not only is Protect My Car one of the most reputable extended car warranty companies, but we believe it offers some of the best long-term coverage options. Protect My Car prices are average to low for the industry, and for long-term contracts, the company offers some of the lowest monthly payment plans.

You’ll find that most Protect My Car reviews are positive. The company closed more than 150 complaints with the BBB in the past three years, which isn’t very many complaints to begin with for an extended warranty provider. Responses to complaints are fast, and many customers feel satisfied with the resolutions.

Protect My Car Coverage Plans

  • Supreme: Coverage that rivals the factory warranty included by a car’s manufacturer
  • Select: Stated component coverage for older cars—excludes navigation systems and turbochargers
  • Driveline: Offers powertrain coverage along with climate control systems and electrical parts
  • Ambassador Plans: Handles many repair costs on older vehicles but also includes regular maintenance such as oil changes

To learn more, read our Protect My Car review.

★★★★½
Protect My Car is our number one pick for Best Financing.

#5 ForeverCar: Great Customer Reviews

ForeverCar has the highest Trustpilot rating among the providers on our list of reputable extended car warranty companies. Though it has not been in business as long as its competitors, ForeverCar has made a name for itself as a top-tier warranty provider.

The company makes a serious effort to resolve customer complaints. Only 1 percent of Trustpilot reviews are “Bad”, and ForeverCar has responded to nearly every issue. Positive reviews such as the one below praise ForeverCar for its knowledgeable staff and simple claims process.

“I have a 2015 Altima, and I needed to use ForeverCar twice, and I’ve always been pleased with the process. The cost of the labor and the repairs exceeded at least four times the annual amount that I pay for the coverage. From the time I entered the program, the staff was very clear and efficient about explaining the process and the coverage.”

– Robyn via Trustpilot

ForeverCar Coverage Plans

  • Platinum Plus: Exclusionary coverage with the add-on of routine maintenance for engine tune-ups, brake pads, and more
  • Platinum: Extensive stated component coverage
  • Gold: Includes powertrain components, fuel systems, and multiple vehicle sensors
  • Silver: Basic powertrain coverage that also backs electrical components, steering, and air conditioning

For more information, take a look at our ForeverCar review.

How to Find Reputable Extended Car Warranty Companies

Extended warranty providers that don’t pay out claims when something goes wrong or try to nickel-and-dime customers can be a nightmare. You don’t want to pay for extended warranty coverage, only to be faced with a stressful claims process every time your car needs a repair.

Years in Business and Endorsements

Age isn’t everything, but it certainly helps to know the provider you are doing business with has experience in the industry. Check out a company’s history to find out how long it has been in business. Then, look for industry endorsements and accolades.

A reputable provider may carry awards, have the support of legitimate spokespeople, or receive endorsements from auto industry leaders such as Kelley Blue Book.

Look At Customer Reviews

Another way to find reputable extended car warranty companies is to check a company’s reputation by reading customer reviews. Two good websites to start with are the BBB and Trustpilot, which track customer complaints and feedback.

Look for reviews by customers who had their claims denied. Read carefully to see why the customer’s claim was denied and try to determine for yourself if this was fair. A denied claim may be the result of a mistake, but reputable extended car warranty companies will work to resolve the matter.

Read Sample Contracts

Another method to search for reputable extended car warranty companies is looking at sample contracts, which the most transparent companies will provide online.

If a contract is too confusing and has pages of fine print, that’s a bad sign. We found that the average contract length is just under 20 pages. Most contracts will detail exactly what’s covered, list out exclusions, and state the terms of coverage. A good extended warranty plan covers at least the powertrain components.

What Is an Extended Warranty on a Car?

Plans from the most reputable extended car warranty companies cover repair costs for defective components on drivers’ vehicles. Extended warranties often add peace of mind on the road and may help many motorists to manage their car repair budget.

You may be wondering how filing a warranty claim actually works, though. Here’s a general breakdown of the claims process:

  1. If you experience a covered breakdown, have your car taken to a repair facility within your provider’s network.
  2. Once your car arrives at the repair shop, provide the necessary information for the technician to contact your warranty company.
  3. An administrator will review the vehicle’s diagnosis to make sure it is covered under the driver’s warranty contract.

If approved, the only upfront cost for customers is their deductible, while the most reputable extended car warranty companies will handle the rest. Keep in mind that these third-party providers are actually selling vehicle service contracts. Only automakers can offer an extended warranty. 

How Does Extended Warranty Pricing Work?

Pricing for coverage plans differs among even the most reputable extended car warranty companies. There’s no set guideline for warranty prices, but here are few factors most providers look at when deciding costs:

  • Your vehicle’s make, model, and condition. Older cars or ones in poor condition may face higher rates for coverage.
  • The mileage on your car. If your car has high mileage, it may be more likely to fail.
  • The desired level of coverage. More extensive coverage plans lead to increased upfront costs.
  • Your deductible amount. The higher your deductible, the lower your monthly rate.

States such as California have stricter laws for auto warranty companies and the contracts they sell, so drivers there may face higher monthly costs.

Conclusion

The providers listed above are not the only reputable extended car warranty companies you’ll find, but they’re a solid start. When you believe you’ve found a few providers you can trust, be sure to compare free quotes to find the best price for vehicle protection.

Reputable Extended Car Warranty Companies
Best Coverage Best Service Best Financing
★★★★★ ★★★★★ ★★★★1/2
Get Quote Get Quote Get Quote
(888) 650-5952 (866) 254-0205 (888) 430-0227

Q & A

Here are some frequently asked questions about reputable extended car warranty companies.
Who has the best extended car warranty?
Ultimately, the best extended car warranty companies vary by the needs of specific car owners. Some of the most reputable extended car warranty companies include CARCHEX, Endurance, autopom!, Protect My Car, and ForeverCar.
Is CarShield a ripoff?
We didn’t include CarShield as a top provider due to the company’s F rating from the BBB, but that doesn’t mean it should be entirely discounted. CarShield offers the same levels of comprehensive coverage as the providers we profiled and receives strong reviews from many customers.
What is the average cost of an extended car warranty?
A good price for an extended car warranty depends on your vehicle and the terms of your warranty contract. The average price range for an extended warranty is between about $600 and $1,000 per year. However, your price could be higher or lower depending on your coverage term and financing period.
Can you buy an extended warranty after a purchase?
If you're looking for an extended warranty from your car's manufacturer, it must be bought before the end of your new vehicle limited warranty. Third-party extended warranty providers, on the other hand, let drivers purchase coverage at nearly any point.
Where do I find how to cancel an extended warranty on a car?
Generally, drivers need to send a letter to their extended warranty provider or administrator to cancel a policy. There may also be a small fee associated with the cancellation process.