Vehicle Protection Services: Safeguarding Your Investment On Wheels
Vehicle Protection Services: Safeguarding Your Investment On Wheels
Blog Article
What Are Vehicle Protection Services?
The Vehicle Protection Service provide coverage and security for your vehicle beyond the standard warranties and insurance policies. These after plans supplement the factory coverage and take care of unexpected repairs from mechanical breakdown or wear and tear. Protection plans offer extra peace of mind by covering repairs that other policies may exclude due to age or mileage thresholds.
Key Benefits of Vehicle Protection
Mechanical Breakdown Coverage
Warranties from the automaker only last 3 years or 36,000 miles on average. After that expires, repairs for expensive components like engines, transmissions, AC systems can cost thousands. Vehicle protection plans kick in where warranties end to cover repairs for mechanical failures due to normal use. This can save significant repair bills over the 5-7 year coverage period.
Roadside Assistance
Accidents or breakdowns on the road are inconvenient and sometimes expensive to deal with. Vehicle protection memberships include services like towing, jump starts, fuel delivery, flat tire changes, and lockout assistance. This valuable benefit saves hassle and repair costs when problems occur away from home or dealership.
Rental Car Reimbursement
Covered repairs take time and being without transportation can disrupt schedules and lives. Membership plans provide rental car allowance of up to $35-50 per day to use while the vehicle is in the shop for covered repairs. This keeps customers mobile during repair turnaround.
Transferable Coverage
Unlike factory warranties, upgraded protection plans can maintain existing coverage when the vehicle is sold to a subsequent owner. Transfer fee applies and consent is required but this adds resale value when selling a used vehicle still under plan.
Significantly Lower Repair Costs
Instead of paying retail labor rates of $100-150/hour at independent shops, protection plan members pay nominal deductibles of $0-100 per repair visit. This keeps repair bills 70-90% lower than if paying out of pocket and makes maintenance budgeting easier.
How Do Vehicle Protection Service Plans Work
Once purchased, the plan is activated and remains in effect for the chosen coverage period, usually 5-7 years from the original purchase date or 100,000 miles. Members simply contact the administrator for pre-approval before repairs and present their membership ID at the authorized repair facility. Qualified mechanical breakdowns and wear items are covered subject to limitations and exclusions in the contract terms.
Should I Consider Vehicle Protection
Having a vehicle protected is highly recommended in the following scenarios:
- Vehicles past the factory warranty expiration, that are more than 5 years old or have high mileage. This lowers repair costs when components start to wear out.
- For those who drive over 15,000 miles annually putting added strain on the vehicle. Higher usage means more prone to unexpected repairs.
- If the vehicle is a luxury brand, performance vehicle or has complex new technologies under the hood. Imports can be expensive to maintain and repair.
- For fleets or those who need to rely heavily on their vehicle for work or business use. Unplanned repairs cost downtime.
- If budgets cannot easily absorb a $2,000-5,000 repair bill for a transmission/engine replacement. Protection spreads those costs over time.
- For peace of mind when reselling a used vehicle. Coverage can be transferred adding to resale value.
Comparing Vehicle Protection Plans
Not all plans are identical. Some key factors to compare include coverage exclusions, term lengths, deductibles, repair facilities authorized and additional services offered like rental cars or towing. Reading reviews can highlight administrator reputation. Pricing depends on vehicle make/model and should fit well within the existing vehicle budget. With a variety of providers, comparison shopping online finds the best value.
Vehicle protection services deliver long term savings and security beyond manufacturer warranties at predictable monthly costs. For those wanting freedom from unexpected large repair bills further down the road, extended coverage pays off in protecting this major financial investment. Researching options is recommended for vehicles out of warranty or high mileage drives to get the right plan.
Get more insights: Vehicle Protection Services
For More Insights Discover the Report In language that Resonates with you
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
copyright src="chrome-extension://fpjppnhnpnknbenelmbnidjbolhandnf/content_script_web_accessible/ecp_regular.js" type="text/javascript"> Report this page