Our review staff takes great delight in providing consumers with factual and unbiased information. On order to compile our rankings of the best service providers in the market, we collected information from numerous extended vehicle warranty businesses. Companies are rated in each of the following categories and given an overall score out of 5.0:
- Customer service: An extended warranty provider’s degree of customer service and care is a key factor to take into account. Our review staff sorts through consumer feedback and grievances from reliable websites like Trustpilot and the Better Business Bureau (BBB). Based on our study of the secret shoppers, we also take the responsiveness of each company’s customer support team into account.
- Price: Because there are so many variables that affect costs, comparing suppliers can be challenging. We use a secret shopper analysis using various automobiles, mileages, warranty plans, and locations to calculate this score.
- Coverage: To accommodate consumers’ various needs, a broad range of coverage is necessary. We consider the quantity of available extended auto warranty policies, period restrictions, exclusions, and supplementary features.
- Customers value open and honest communication when it comes to vehicle servicing contracts, thus transparency is important. The availability of money-back guarantees and sample contracts is taken into consideration by our experienced staff.
- Reputation: Reputable extended warranty suppliers routinely deliver top-notch services. When determining this number, our team considers the BBB ratings and the company’s track record of dependable service.
In This Article...
Q & A
Yes. Your car will be covered by a Toyota extended warranty for up to 10 years or 125,000 miles, whichever comes first. For both new and pre-owned Toyotas, Toyota offers three warranty programs. You can choose between basic coverage and bumper-to-bumper protection for the critical components and systems in your Toyota.
It’s worth it to spend a little monthly price for a Toyota extended warranty if you’re concerned about having to make expensive repairs. You will only have to pay a deductible for repairs at the time of service. Roadside assistance and reimbursement for lost or damaged rental cars are frequently included with extended auto warranties.
Three coverage options are available from Toyota for extended warranty plans, each of which covers a different part of your car. The Powertrain Plan focuses on protecting your car’s most expensive parts, such the engine, while the Platinum plan offers complete, bumper-to-bumper coverage.
What should the cost of a Toyota extended warranty be?
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- Customers claim to have paid between $1,500 and $2,500 for a Toyota extended warranty.
- The Toyota factory warranty offers 5 years/60,000 miles of powertrain warranty coverage in addition to 3 years/36,000 miles of bumper-to-bumper coverage.
- The length of a Toyota extended warranty can be increased to ten years.
Do extended service contracts make sense?
Consider the price of the goods at the time of purchase as well as the expected cost of repairs when determining if an extended warranty or service contract is worth the extra money. If repairs aren’t anticipated to be necessary or expensive, an extended warranty or service contract may not be worthwhile. Look at product review websites to check if other customers have complained that the item you purchased frequently needs pricey repairs. Read the service contract or extended warranty’s fine print. Does it provide more coverage than the original product’s warranty? Otherwise, it isn’t a decent bargain.
- Claims. The value of having coverage can be diminished by a challenging claims process or by waiting for reimbursement. Who is responsible for repairs? How do you assert something? Do you have to bring the item back to the shop where you purchased it? Even if you’ve moved away, you might need to visit the local seller or dealer if the contract is offered locally.
- Costs. Examine the original cost of the service contract or extended warranty as well as any potential hidden costs, such as deductibles or charges you must pay each time the product is serviced. Does the cost of shipping the item to a repair facility apply? Is there a cost involved with transferring the service contract or extended warranty to another person? Are there any financial restrictions imposed by the extended warranty or service agreement? For instance, auto repair agreements could not entirely cover costs associated with towing or car rentals.
- Reputation. A service contract or extended warranty is only as valuable as the firm providing the coverage. Examine the reputation of the business and its length of operation before you sign a contract. To find out if there are any unfavorable reviews of the business, conduct an online search using the company name and words like “review” or “complaint.” To determine if the company has been the subject of any complaints, contact the consumer protection office in your state.
- what is protected. Not every circumstance or repair will be covered by an extended warranty or service contract. Find out what restrictions are in place before deciding if one is a good value. Does it include unintentional damage? When it comes to routine maintenance, for instance, might the corporation refuse to provide coverage? Does it only cover certain product components or certain repairs? Assume that something is not covered if it isn’t mentioned in the contract.
- how much time it lasts. You can determine the contract’s annual or monthly cost by knowing how long the coverage will last.
Do extended auto service contracts make sense?
In a Consumer Reports poll, 55% of those who bought an extended warranty never used it, and of those who did, the majority saved less on repairs than they paid for the contract. Therefore, extended warranties are often “a lousy value” when it comes to the long-term cost of your car.
Additional negatives include:
- Exclusions: The fine language in every contract outlines how the warranty may be applied. For instance, the provider can refuse to pay for issues brought on by regular wear and tear or lower the claim settlement in light of your car’s depreciation.
- Limitations: You might need to bring your automobile to a repair facility that has been approved by the warranty instead of choosing your own technician.
- A Consumer Reports poll found that 55% of those who purchased extended warranties never used them.
- Overlap: If you already have coverage from the manufacturer’s warranty or a mechanical breakdown insurance policy, you may not need the extended warranty. In that situation, Gillis claims that “the additional coverage is not worth the premium.”
- Additional costs: A deductible and the remainder of the repair charge may be covered by some extended warranties.
Can you subsequently purchase a Toyota extended warranty?
Toyota, like the majority of automakers, doesn’t disclose the price of their extended warranties on its website. However, according to our study, the typical price range for Toyota extended warranties is $1,0001,500.
Anytime up until the factory warranty expires, which is either 3 years or 36,000 miles, whichever comes first, you can buy a Toyota extended warranty. After the Toyota original warranty ends, you can also buy a third-party warranty plan.
The Vehicle Service Agreement, or VSA, is the name of the extra warranty offered by Toyota. Toyota offers the Platinum Protection, Gold Protection, and Powertrain Protection plans as its three VSAs for both new and used cars.
Your car is protected in the event of a mechanical malfunction or component failure by a Toyota extended warranty. Depending on the level of plan you select, different sections are covered. Up to 10 years and 125,000 miles of coverage are provided by a Toyota extended warranty.
Can I revoke my extended Toyota warranty?
Within 30 days, you can cancel your VSA and receive a complete refund less a $50 processing fee (as permitted by state law). If cancellations are requested after 30 days, they will be prorated. For information on the cancellation procedures in your state, contact your dealer.
What is covered by the Toyota 100,000 mile warranty?
7-year/100,000-mile Limited Powertrain Warranty Covers all internally lubricated parts as well as main engine and gearbox components. provides travel insurance with payment for housing and meals while traveling more than 150 miles from home.
What is covered by the Toyota 5-year warranty?
5 year Mirai Fuel Cell Guarantee Under normal operation, the Mirai warranty covers any flaw that can be traced to a manufacturing or assembly error for a period of five years or 60,000 miles, whichever comes first. The first year has no mileage restrictions.
Why buying extended warranties is a bad idea?
Unfortunately, extended warranties are not all they’re cracked up to be, as the Ramsey Solutions blog argues, and there are a number of reasons you should avoid them.
According to the blog, one of the main reasons to stay away from extended warranties is the likelihood that you won’t actually utilize yours. That’s because the businesses that offer them “did the math” and usually make sure the warranties expire before the majority of the parts are expected to fail.
The extended warranties normally have several coverage exclusions, according to Ramsey’s site, so they are generally not worth the money. You’d be wasting your money by purchasing one because the guarantee might not cover the most frequent problems. The warranty provider could possibly go out of business before you can use it, in which case you would have paid ahead for nothing in return.
Ramsey further cautions that most extended warranties are costly and are a big source of revenue for both the businesses and the salespeople who upsell them to unwary customers.
Why should I avoid extended warranties?
Before buying, be aware of the manufacturer’s warranty. According to federal law, you must have access to the manufacturer’s warranty before making a purchase. When reading it, take notice of the warranty’s duration (usually 90 days or so), the items it covers, and if the seller would make a repair, a replacement, or a refund.
When a problem arises, it is important to get in touch with the manufacturer because some companies still fix products even after the warranty has expired. Remember that some extended warranties just repeat the protection that the manufacturer’s plan currently provides.
Verify if you already have extra protection with a credit card. Check to see if the card issuer extends the warranty if you purchased the item with a credit card. Many people do so for a year or longer. Call customer support to find out if your card offers such a benefit if you are unsure. Alternately, use an app like Sift, which will inform you of the warranty’s duration before you make a purchase with a particular card.
Check the small print. Your perception of extended warranty coverage may not be accurate. Extended warranties may have several exclusions that reduce the value of the service. According to the Federal Trade Commission, insurance firms may be allowed to reject a claim if you haven’t adhered to their recommended maintenance schedules or accidental damage may not be covered by the policy.
You can also be required by the warranty to employ a certain repair facility or service provider. According to Richard Alderman, director of the Center for Consumer Law at the University of Houston, “you may have to carry the product to a site that isn’t convenient, especially if you don’t reside in a big city. “You may have to mail it somewhere, even though shipping isn’t included.
One out of every five customers who use an extended warranty is not happy with the repair, and getting it corrected can take a while or many attempts. The possibility of the warranty provider going out of business exists as well.
However, repairs are typically not too pricey. Going without one isn’t a major risk because the cost of needing a repair without an extended warranty isn’t very high.
Also take into account the location of the product’s purchase. Find a store that accepts returns for damaged goods. Even years after the initial purchase, stores with the friendliest return policies will take broken items. Bob Hunter, the Consumer Federation of America’s director of insurance, asserts that not all businesses have your best interests in mind.