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Are used car warranties worth the price?
I’ve been a car owner for a while but I’ve always bought new vehicles with extended warranties. I just purchased a used car and I’m wondering if I should get a warranty for it.
Pat Roache · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I hope your used car treats you as well as your previous vehicles! Generally speaking, used car warranties are not worth the price. These warranties can run upwards of $3,000 or more, which can easily outweigh the cost of potential repairs during the warranty’s validity period.
Granted there are times that a used car warranty could be
worth it for your situation
, but here’s what you should consider:- Limited warranties run cheaper and cover specific areas of concern that you might have
- Car warranties at a lesser, reasonable price could be justified for the potential costs of repairs during the validity period
- The manufacturer’s warranty might still be active on your used vehicle—so compare the manufacturer’s standard against the age and mileage of your car
- The car’s reviews can give you an idea of reliability and potential repair expectations
When it comes down to it, you likely won’t need a warranty for your used vehicle when you consider the costs. But you will need
car insurance
, which typically runs higher for older cars. Jerry
can help you find the most affordable policy for your coverage needs—in less than a minute and without all the usual hassles that come with comparison shopping.View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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