Yes, you can get MBI for a used car, although it is quite difficult unless the car is only lightly used. Generally, if a used car has more than 15,000 miles on it, it will not qualify for mechanical breakdown insurance coverage, and many insurers refuse to offer MBI on used vehicles altogether.
While your used vehicle might not qualify for MBI, you can still purchase similar protection through a vehicle service plan or an extended warranty. However, you should only purchase an extended warranty or service plan if you want peace of mind, not guaranteed savings. Generally, these coverage options are not worth the cost, as most people save less on repairs than they pay for their contract.
Yes, AAA offers mechanical breakdown insurance for cars that are less than 15 months old and have less than 15,000 miles on them. AAA mechanical breakdown insurance (MBI) is a policy add-on that insures a vehicle against mechanical problems, such as transmission or engine failure, which are not covered by standard car insurance policies.… read full answer
However, mechanical breakdown insurance will not pay for routine maintenance, wear and tear, or damage caused by an accident. Other exclusions to AAA mechanical breakdown coverage include filters, spark plugs, tires, fluids (coolant, oil, wiper fluid, etc.), repairs categorized as normal maintenance and intentional damage.
AAA Mechanical Breakdown Insurance Cost
The cost of AAA mechanical breakdown insurance varies depending on the car, but the average MBI policy costs around $100 a year. Customers will also need to pay a deductible of $100, reduced to $50 at any AAA authorized auto repair and $0 at any ClubOwned repair facility, before AAA MBI goes into effect.
Mechanical breakdown insurance from AAA is a good alternative to an extended warranty from the vehicle manufacturer, which might provide the same type of coverage but will usually cost around $1,500 total. For more information on whether AAA MBI is worth it, check out WalletHub’s complete guide to mechanical breakdown insurance.
Mechanical breakdown insurance covers the major systems in your car, like the engine, transmission, and brakes, which aren’t covered by standard car insurance. For example, mechanical breakdown insurance (MBI) would cover a blown transmission or head gasket—repairs that even full coverage car insurance leaves out.
MBI is like an extended warranty, but it offers more coverage and has a low monthly fee, rather than a large upfront cost. As the name suggests, MBI only covers breakdowns of the mechanical and electric components of your car and will not pay for preventative or routine maintenance like tire rotations or oil changes.
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