When you buy a new car, they typically come with a 3-5-year manufacturer’s warranty. However, when that warranty expires, it’s down to you to decide whether or not to take out additional cover. If you couldn’t afford to fix the vehicle if something were to go wrong, taking out additional cover is highly recommended. However, with so many different types of cover out there, how do you know which vehicle warranty is right for you? Here, you’ll discover more about the varying levels of vehicle warranty and how to choose the best one for you.
What are the different levels of cover?
Although a lot of different types of warranties are available, the two main ones to choose between include comprehensive and mechanical breakdown. Ideally, you’ll want to opt for a comprehensive car warranty as this tends to provide the most cover. However, it’s still worth noting that not all comprehensive policies offer the same level of cover. For this reason, it’s always worth reading the small print on different policies to compare them and ensure you’re choosing the right level of cover.
Another thing to consider is that some comprehensive policies won’t cover mechanical breakdown costs. That is if your vehicle experiences mechanical issues such as a broken heater, brakes, valve replacements or electrical system issues. So, you may want to invest in both types of cover if the cost of repairs from a mechanical fault would be unaffordable.
Things to look for in a new policy
Now that you know a little about the different types of cover, what should you look for when choosing the best policy for you? As different policies cover different things, it’s worth checking the small print for the following information:
- Wear and tear
- Claim limits
- Mileage limits
- Maximum labor costs
If you’re buying a used car, wear and tear cover is definitely something to consider. It’s usually offered as an extra with manufacturer warranties. You’ll also want to check what the claim and maximum labor cost limits are with each policy. How much will the insurer pay before you’re expected to chip in? Some insurers also place a mileage limit on their cover. All of these factors need to be considered when you’re choosing the right policy for you.
Overall, there are several types of car warranties on offer, and each provides a differing level of cover. The above are just some of the things to consider when you’re looking for the right vehicle warranty for you. Above all else, always make sure you read the small print before agreeing to take out a policy.