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Chevys usually outlive their warranties, which means their owners are often unprotected against expensive auto repairs bills. Chevrolet extended warranties are good investments and can help you save time and money on costly repairs.
To learn more about extended warranties, and why you should consider a third-party warranty, read on. The CARCHEX experts will show you how to find the most comprehensive coverage for your Chevrolet at the most affordable price.
When considering an extended warranty for your Chevrolet, the original protection plan and expected lifespan of those parts should be considered. New Chevy vehicles come standard with the manufacturer’s warranty that includes:
Chevy offers bumper-to-bumper protection for three years or 36,000 miles. This basic coverage option covers most parts between your bumpers as well as defects in glass, seating fabric, interior trim, and more.
Chevrolet trimmed its five-year powertrain warranty for the 2016 model year from 100,000 miles to 60,000 miles. More recent models are also covered for five years or 60,000 miles.
The powertrain warranty covers the engine, transmission, and drivetrain. Also, its coverage is completely transferable to new owners at no charge. Powertrain coverage doesn’t cover as many components as bumper-to-bumper coverage, but it lasts a lot longer.
Unfortunately, not everything is covered by powertrain and bumper-to-bumper warranties. Before you consider an extended warranty, it’s important to know what isn’t covered under your original Chevrolet warranty. Note that Chevrolet’s manufacturer warranty does not cover the following:
It’s also important to note that anything not original to the vehicle or any part that is not an authorized Chevy part is not covered by this warranty.
When your manufacturer’s warranty doesn’t cover all of your vehicle’s parts, it can be challenging to afford the cost of necessary repairs. Take a look at a few common Chevrolet repair estimates provided by RepairPal:
With an extended Chevy warranty, you have extra protection for repairs and damages that could potentially be extremely expensive.
Research shows that the average age of the cars on our roadways is a record-high of 11.8 years—or more than twice that of the standard powertrain warranty offered by Chevrolet. This means that most Chevy drivers won’t have coverage once their factory warranty expires.
Since the average repair cost for Chevrolets over a 10-year period is $8,800, it is recommended that Chevy drivers get protection against expensive repairs to keep them on the road for a longer period of time.
CARCHEX offers several levels of extended coverage for Chevrolet vehicles, with a number of plans within those levels. The chart below outlines the five coverage levels:
When purchasing your new Chevrolet, it’s very common for the dealer to offer extended warranty products. Chevrolet offers extended warranty packages called Protection Plans that can be purchased from your local Chevy dealer. There are two plan options (Platinum and Silver), and terms are available up to five years or 60,000 miles.
However, the extended warranties sold by dealers will usually come at a higher price. In fact, Chevrolet extended warranty coverage for two years and 24,000 miles starts at $1,567.
Chevrolet also offers what they call an Extended Limited Warranty. It’s exactly what it sounds like: an extension of your three-year, 36,000-mile limited warranty to five years or 60,000 miles, whichever comes first. Keep in mind that Chevrolet Extended Limited Warranties are an additional purchase and are only available when you buy your new car.
Consider purchasing your extended warranty from a third-party warranty provider like CARCHEX to get an affordable vehicle protection plan with great coverage. We offer the following benefits:
Car dealerships frequently mark up the cost of their vehicle protection plans while third-party providers are incentivized to find the best price on your extended warranty.
At CARCHEX, for instance, we use our power in the warranty marketplace to provide affordable prices on extended warranties. Our personalized quoting process finds the right plan for your car and budget.
In addition, CARCHEX offers many more plan and term options compared to Chevrolet’s Protection Plans.
Getting an extended warranty for your vehicle can increase your selling price. If you’re hoping to sell your Chevy Traverse or other Chevy model in the near future, look for a third-party extended warranty that is transferable from owner-to-owner, like the Extended Vehicle Protection Plans offered by CARCHEX.
Many factory warranties stipulate that you can only have your car serviced at specific dealerships and repair shops. With third-party companies like CARCHEX, however, you can have your Chevy repaired at your choice of over 30,000 repair facilities—allowing you to find the best mechanic for your needs.
In addition to affordable coverage options and flexible repair locations, CARCHEX offers:
CARCHEX makes it easy for consumers to find extended warranties for Chevrolets at an affordable price. We work with the top providers in the business to ensure that you get excellent coverage at the right price. In fact, the average monthly coverage cost of a CARCHEX Vehicle Protection Plan for a 2007–2014 Chevrolet is just $75.**
Our protection specialists can answer any questions you may have about our warranty offers and will provide guidance to help you find the best coverage for your car.
Get an instant free quote from CARCHEX on our extended warranty offerings for Chevrolet vehicles today by calling us at 866-261-3457.
Consumer Reports http://www.consumerreports.org/car-reliability/car-brands-reliability-how-they-stack-up/
Automotive News: http://www.autonews.com/article/20150312/RETAIL/150319950/gm-to-cut-chevy-gmc-powertrain-warranty-to-60000-miles-from-100000
USA Today: http://www.usatoday.com/story/money/2015/07/29/new-car-sales-soaring-but-cars-getting-older-too/30821191/
IHS Markit: https://news.ihsmarkit.com/prviewer/release_only/slug/automotive-average-age-cars-and-light-trucks-us-rises-again-2019-118-years-ihs-markit-
*Refund methods vary by state. See extended service plan for complete details, including refunds, exclusions, and limitations.
**Figure accurate as of May 2017. Average monthly coverage cost is based on the average total price of the Vehicle Protection Plan over a four year coverage period. Actual monthly payments will vary per plan’s payment policy. Individual pricing is subject to change based on the combination of make, model, year, and mileage as well as coverage level and term length.
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