Yes, Mercury offers mechanical breakdown insurance for new or used cars that are less than 7 years old, with less than 100,000 miles and under their original manufacturer's warranty coverage. Mercury 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.
However, mechanical breakdown insurance will not pay for routine maintenance, wear and tear, or damage caused by an accident. Other exclusions to Mercury mechanical breakdown coverage include tune-ups, non-mechanical items, normal wear and tear and poor maintenance, among others.
Mercury Mechanical Breakdown Insurance Cost
The cost of Mercury mechanical breakdown insurance varies depending on the car, but the average MBI policy costs around $100 a year.
Mechanical breakdown insurance from Mercury 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 Mercury MBI is worth it, check out WalletHub’s complete guide to mechanical breakdown insurance.
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