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As a car owner, it’s essential to ensure your vehicle is protected from unexpected repairs and breakdowns.
One of the best ways to do this is by purchasing an extended car warranty.
This blog will compare two popular extended car warranty providers – American Dream Auto-Protect and Toco.
With the growing demand for extended car warranty services, finding the right provider that offers the best coverage, pricing, and customer support can be challenging.
According to a recent study, extended car warranty sales in the US reached $18.36 billion in 2020, with a growing trend of consumers seeking additional protection for their vehicles.
So, buckle up, and let’s dive into the world of extended car warranties!
An Overview of Extended Car Warranties
An extended car warranty can provide peace of mind and financial security when keeping your vehicle on the road.
It is an optional coverage that can extend the manufacturer’s original warranty and provide additional protection against unexpected repair costs.
But what exactly is an extended car warranty, and how does it work?
First, let’s define what an extended car warranty is. A service contract provides repair coverage for your vehicle after the manufacturer’s original warranty has expired.
The coverage can range from essential powertrain protection to comprehensive coverage, including everything from the engine to the electrical and air conditioning systems.
Benefits
The benefits of an extended car warranty are numerous. For starters, it can provide peace of mind knowing that you are protected against the cost of expensive repairs.
In fact, according to a recent survey, 69% of people with an extended car warranty feel more secure about the financial aspect of owning a vehicle.
An extended warranty can also help you avoid unexpected repair bills, which can often be significant.
For example, the average cost of a transmission replacement is around $300 to $1,400, and a new engine can easily cost from $3000 to $4500.
What To Consider?
So, what should you consider when choosing an extended car warranty?
Firstly, it’s important to consider the coverage you need.
Do you want essential powertrain protection or comprehensive coverage that includes everything from the engine to the electrical and air conditioning systems?
Secondly, consider the length of the coverage.
The typical extended car warranty lasts between two and five years, but some policies can last up to ten years.
Lastly, consider the cost of the policy.
The cost of an extended car warranty will vary depending on the type of coverage, the policy’s length, and the vehicle’s make and model.
Companies
American Dream Auto Protect
American Dream Auto Protect is your one-stop solution for peace of mind regarding vehicle maintenance and repairs.
With over a decade of experience in the industry and an extensive network of over 50,000 ASE-certified mechanics, we are the trusted choice for extended auto warranty coverage.
Our mission is simple: to provide budget-friendly protection for your vehicle, so you can save money and avoid unexpected costs.
Our extended warranty lets you relax knowing that your car is covered for routine maintenance and unexpected repairs.
We understand the importance of reliable customer service and offer support 24/7, so you can get the assistance you need whenever you need it.
Our team of experienced professionals is dedicated to providing the best possible service and ensuring that your experience with us is positive.
So why wait?
Join the thousands of satisfied customers who have put their trust in us and experience the benefits of a worry-free driving experience.
Toco
Toco is a leading provider of extended auto warranty services that offers a range of protection plans to ensure your vehicle stays protected against costly repairs and maintenance.
With Toco, you do not have to worry about making any upfront payments.
Instead, they offer affordable monthly payments that make it easy for you to keep your car running smoothly.
Their simple claims process is designed to make your life easier.
They understand you have enough to worry about, so the company has streamlined its claims process to make it quick and painless.
All of the plans are sold and managed in-house by Toco, which means you get the best possible customer service and support.
Unfortunately, the service contracts are unavailable in AK, CA, WA, and MO. But, if you live in any other state, Toco is here to help protect your vehicle.
Plans
American Dream Auto Protect Plans
American Dream Auto Protect is proud to offer three extended auto warranty plans to keep your vehicle protected and running smoothly.
Whether you are looking for comprehensive coverage or just the basics, our plans are designed to meet your needs.
Let’s take a closer look at each one.
Platinum Plan: The Ultimate Protection
If you’re looking for the ultimate peace of mind, the Platinum Plan is for you.
This plan offers coverage for the engine, transmission, cooling, electrical, drive axle, brakes, fuel delivery, steering, navigation/GPS*, air conditioning, seals and gaskets, and suspension.
With this plan, you can rest assured that your vehicle will be protected against unexpected breakdowns and costly repairs.
And with our 24/7 roadside assistance, you will never have to worry about getting stranded on the side of the road.
Did you know that the average cost of engine repairs can range from $2,500 to $4,000? With the Platinum Plan, you will have peace of mind knowing that you’re covered against these costly repairs.
Gold Plan: Comprehensive Coverage
The Gold Plan offers comprehensive engine, transmission, cooling, electrical, drive axle, brakes, fuel delivery, and steering coverage.
This plan is perfect for those who want extensive coverage but only need some of the bells and whistles.
Like most people, you rely on your vehicle for work, school, and other vital tasks.
With the Gold Plan, you will be able to continue your daily routine without worrying about unexpected breakdowns and costly repairs.
Silver Plan: Basic Coverage
The Silver Plan offers basic coverage for the engine, transmission, cooling, electrical, drive axle, brakes, and fuel delivery.
This plan is ideal for those on a budget who want to protect their vehicle against the most critical parts.
With the Silver Plan, you will be able to continue driving your vehicle confidently, knowing that you are covered against some of the most common breakdowns and repairs.
Get in touch with us today to find out which plan is right for you!
Toco Extended Auto Warranty Plans
Orange Coverage
This is a top-tier plan and offers exclusionary coverage.
You will be protected against breakdowns of critical components such as your engine, transmission, axles, air conditioning, electrical system, and more.
However, some exclusions apply, including maintenance parts like spark plugs and shocks & struts.
This plan does not cover maintenance services, aftermarket alterations, or vehicles with non-normal title status.
Yellow Coverage
The yellow coverage option offers protection for a comprehensive range of components, including your engine, transmission, drive axle, fuel system, brakes, and more.
You will clearly understand what components are and are not covered, with all of the same exclusions as the Orange coverage.
Blue Coverage
The Blue level covers approximately half of what the Yellow level covers. This plan is perfect for those who want a balance of affordability and peace of mind.
Green Coverage
Toco’s Green level is the most basic coverage plan, offering listed-parts coverage.
You will be protected against breakdowns of key components such as your engine, transmission, drive axle, 4×4 transfer case, turbo, and more.
Protect Your Ride with American Dream Auto Protect
Are you tired of worrying about unexpected auto repair bills?
American Dream Auto Protect offers an extended auto warranty that can save money and give you peace of mind.
With over 50,000 ASE mechanics and 24/7 customer service, you can be sure you are in good hands.
Do not let auto repairs drain your budget!
choose American Dream Auto-Protect, a trusted and budget-friendly choice for over a decade.
Get started now and secure your ride for the future.
Frequently Asked Questions
What types of repairs are covered under Extended Auto Warranties Extended Car Warranty coverage?
The types of repairs covered under an Extended Auto Warranty vary depending on the specific policy and the provider.
Typically, they cover repairs to the engine, transmission, suspension, air conditioning, and other major systems and components. However, it’s essential to review the terms and conditions of a policy before purchasing to understand what’s covered.
Do Extended Auto Warranties cover parts, labor, and taxes?
Some Extended Auto Warranties do cover parts, labor, and taxes, while others may only cover parts or labor. It’s essential to check the terms and conditions of the policy before purchasing to know what’s included and what’s not.
Does Extended Auto Warranties extend the lifetime of my vehicle?
Most new cars come with a factory warranty, but they are limited to a certain period of time. You are able to extend the limits as long as you want with the extended warranties.
Are Extended Auto Warranties warranties backed by a third party?
Third-party insurance companies or administrators back many Extended Auto Warranties. It’s essential to check the specific policy and provider for more information on coverage and backing offered.
