No, National General does not offer extended warranties. National General does not sell anything similar to an extended warranty, such as mechanical breakdown insurance, either.
On the other hand, drivers can buy extended warranties from AAA and Allstate, or mechanical breakdown insurance from insurers such as Geico and USAA. Like extended warranties, mechanical breakdown insurance covers damage to major systems in a vehicle, including the engine and transmission.
Extended car warranties are worth it if a driver doesn’t carry sufficient savings to pay for vehicle system repairs or is worried about their car’s reliability. But for most drivers, extended car warranties go unused, so the potential benefits are not enough to justify the upfront cost.
A good time to consider the value of an extended warranty is when the manufacturer’s warranty on your vehicle has expired or will expire soon. This typically happens after three years or 36,000 miles, depending on which comes first. If you plan on keeping your car beyond the manufacturer warranty’s expiration, then purchasing an extended warranty might give you peace of mind moving forward.
An extended warranty might also be worth it if you’re concerned about your ability to pay for major mechanical repairs in the future. Car repairs cost about $400 on average, which is less than the $1,500 average for an extended warranty. On the other hand, the least common and most catastrophic mechanical failures can often cost several thousands of dollars to repair. If your car isn’t very reliable and you’re not in the financial position to risk either paying for repairs or replacing the car yourself, it might be worth it to pay a higher upfront cost for protection through an extended warranty.
When An Extended Car Warranty Isn’t Worth It
For most people, an extended warranty is not worth the cost. If your car is reliable, not worth very much, or still covered by the manufacturer’s warranty, you don’t need to rush into purchasing an extended warranty. Similarly, if you already have enough money in an emergency fund to pay for major vehicle repairs, then you probably don’t need to invest in an extended warranty that you might not use.
Bear in mind that you don’t have to purchase an extended warranty when you buy your car. It’s likely a smart move for you to wait until the manufacturer’s warranty is about to expire to evaluate your situation and determine whether you want to pay for an extended warranty. To learn more, check out WalletHub’s guide to the best extended car warranties.
An extended car warranty costs $1,500 on average. The cost of an extended car warranty can be anywhere from $1,000 to $5,000 depending on several factors, including the condition of the car, the car’s mileage, and the amount of coverage included in the warranty.
An extended car warranty pays for repairs to a car’s major systems if they malfunction. If you drive an older car or a car with higher mileage, your warranty will be more expensive because your car is more likely to experience mechanical problems. Similarly, the more coverage that you include in your warranty, the more you’re going to pay.… read full answer
If you want to purchase an extended warranty for your car, you should get quotes from multiple sources in order to find the best price. You can purchase an extended warranty from your car’s manufacturer or a third-party company, and the pricing is generally the same between the two. However, customer satisfaction tends to be higher for warranties from the manufacturer.
Many insurance companies also offer an alternative to extended warranties called mechanical breakdown insurance (MBI). MBI provides similar coverage and only costs about $100 per year.
National General is cheap for responsible payers because it offers discounts like paid-in-full, paperless, and autopay discounts. But there are other insurance companies that might be cheaper than National General overall.
National General wasn’t among the 10 cheapest car insurance companies in our review, but it does offer a variety of discounts, like discounts for being a safe driver, having a low annual mileage, and being affiliated with certain organizations. Plus, National General rewards customer loyalty with discounts for insuring more than one car or bundling multiple policies, To get a personalized quote from National General, you can speak to a representative by calling 1 (800) 462-2123.… read full answer
Although some drivers can find cheap auto insurance from National General, the only way to confirm you’ve found the lowest price is to compare quotes from multiple insurance companies. Your final premium is based on a variety of factors, like your driving record, insurance history, the type of car you drive, and more, and all insurance companies can’t offer the same rates.
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