The best mechanical breakdown insurance is from Allstate, Mercury, and Liberty Mutual. These companies cover the most vehicle components at the lowest prices, and their mechanical breakdown insurance policies apply to cars for much longer than plans from competitors.
Best Mechanical Breakdown Insurance Companies
In general, Allstate’s Extended Vehicle Care plan is the cheapest option and covers the most components, while Mercury’s Mechanical Protection lasts the longest. Liberty Mutual, on the other hand, offers two different policy options that customers can choose between.
Mechanical breakdown insurance (MBI) is a type of coverage that pays to repair your car when it suffers from a major mechanical failure. Because it is a specialty add-on, MBI is not offered by all major insurance companies.
Some insurance companies market their mechanical breakdown coverage as a vehicle service plan or extended warranty, which may offer broader coverage than traditional MBI. Most insurers specify an age and mileage limit for their MBI policies and service plans, too, so it’s possible that your car may not qualify for coverage.
The specific cost of mechanical coverage will vary based on factors such as your vehicle’s make, model, age, and mileage. Most insurance companies allow you to pay monthly, though AAA and Mercury both require a lump-sum payment for up to four and seven years of coverage, respectively.
To learn more, check out WalletHub’s guide to mechanical breakdown insurance.