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Volvo Extended Warranty Plans
A Volvo extended warranty can be purchased at any time, even if your original warranty is still valid. Volvo dealerships refer to their extended limited service contracts as Volvo Increased Protection (VIP) Plans, which are available in four coverage levels up to 6 years or 120,000 miles, whichever comes first.
Service Contracts for Certified Volvos
If you own a Certified by Volvo vehicle (the brand’s version of a certified pre-owned, or CPO, program), a VIP Volvo extended warranty contract has a few key differences:
- Deductibles range from $0 to $100.
- Terms up to 10 years are available through the VIP Platinum plan.
- Rental car reimbursement is up to $100 per day.
- Towing reimbursement is up to $100 per incident.
What’s Included in a Volvo Warranty?
When you purchase a new Volvo car from the dealership, the manufacturer’s warranty covers repairs and replacements for most parts of the car during the initial ownership period. Here is what’s included in a typical factory Volvo warranty:
- Limited Basic Service Warranty (4 years/50,000 miles)—This warranty covers repairs due to defects in materials or workmanship or parts supplied by Volvo. Essentially, any repairs needed as a result of flaws in the manufacturing process will be covered.
- Powertrain Warranty (4 years/50,000 miles)—This warranty covers the car’s major parts like the transmission, engine, and drive system supplied by Volvo.
- Volvo Lifetime & Parts Labor Warranty—This warranty covers a long list of parts that are covered if installed at an authorized Volvo dealer, such as batteries, brake pads, timing belts, filters, wiper blades, spark plugs, and more. Keep in mind that it doesn’t cover accessories, wear items, or consumables.
- Corrosion Warranty (12 years/unlimited miles)—This warranty covers your Volvo’s sheet metal if it rusts or corrodes through and creates holes.
- Emissions Warranties—Depending on your state, these warranties range from 2 years/24,000 miles to 8 years/80,000 miles.
- Manufacturer’s Recommended Maintenance—This warranty covers regular maintenance at the 10,000-mile, 20,000-mile, and 30,000-mile marks, or up to 36,000 miles.
- Roadside Assistance Warranty (up to 4 years)—This warranty offers emergency roadside assistance, trip interruption services, and rental cars.
Your factory warranty period will eventually end, and you’ll be stuck paying for numerous repairs that cost hundreds, if not thousands, of dollars if your car isn’t covered by a Volvo extended warranty. That’s why the manufacturer and third-party providers like CARCHEX offer extended coverage for Volvos.
If your Volvo is used, check out our list of the best extended warranty companies for used cars here. To learn how to choose the right extended warranty for your used Volvo, click here.
Is a Volvo Extended Warranty Worth It?
While Volvos are considered to be some of the safest and most reliable cars, like all vehicles, they still experience an array of problems, especially as they age. Here are some common issues that Volvo owners experience and the average cost of each repair, according to YourMechanic.
- Alternator Repair—The alternator is essential to powering your vehicle. To repair it, you will have to spend $296.41 to $409.01.
- Timing Belt Replacement—Without a properly functioning timing belt, your engine will not run. The average cost to replace a timing belt is between $584.47 and $653.07.
- Power Steering Pump Replacement—Power steering is an important component of your vehicle and can cause safety issues if the steering wheel is slow to respond or feels stiff. The average cost of replacing your power steering pump is anywhere between $573.96 and $654.76.
- Transmission Replacement—A transmission is essential in getting your car to run. Many Volvo owners complained that the transmission failed. A replacement can cost $3,500 to $4,000, according to CarComplaints.com.
While four years may seem like a long time to be covered, keep in mind that more repairs will be needed as vehicles age and experience wear and tear.