Omega Auto Care does not disclose how much its plans cost, since the prices vary by location, driver information, and vehicle type. Omega Auto Care sells vehicle service plans, which are similar to extended warranties and cover the cost of repairs to the car’s systems and mechanical parts.
Key Things to Know About Omega Auto Care Plans
Omega Auto Care plans cover your vehicle’s engine, transmission, transfer case, drive axle, seals and gaskets, fastening hardware, and hybrid parts.
Three different plans are available from Omega Auto Care, giving drivers options in terms of coverage and cost.
To qualify for a Omega Auto Care plan, cars must be less than 15 years old with fewer than 250,000 miles. Eligibility can also vary by plan.
Specific details may vary based on which Omega Auto Care plan drivers purchase, but this list is a good example of Omega Auto Care coverage.
It’s also worth noting that mechanical breakdown insurance from a car insurance company is often a cheaper alternative to a third-party vehicle service plan or extended warranty. For more information, check out WalletHub’s guides to mechanical breakdown insurance and extended warranties.
No, car insurance does not cover mechanical problems unless you carry mechanical breakdown insurance. Mechanical breakdown insurance is a policy add-on that covers the failure of major vehicle systems such as the engine or transmission.
Standard car insurance policies do not provide this coverage, so if you don’t purchase mechanical breakdown insurance, you will have to pay for the repairs yourself. Several major insurance companies, including … read full answerGeico and Allstate, offer mechanical breakdown insurance, which only costs about $100 annually.
It should also be noted that while mechanical breakdown insurance pays for system failures, it does not pay for major repairs related to normal maintenance or wear and tear.
No, insurance does not cover a car’s transmission, unless you have mechanical breakdown insurance coverage. Mechanical breakdown insurance is an auto insurance policy add-on that covers the failure of major vehicle systems, including a car’s transmission. Even mechanical breakdown insurance only covers sudden malfunctions, though, not normal transmission maintenance or damage caused by ordinary wear and tear.… read full answer
Several major insurance companies, including Geico and Allstate, offer mechanical breakdown insurance, which costs about $100 annually. If you have mechanical breakdown insurance and use it to fix a broken transmission, you will only need to pay your deductible. Most mechanical breakdown deductibles are about $250. By comparison, a new transmission can cost anywhere from $800 to $3,400.
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
Your car is reliable
Your car is not worth very much
Your car is still covered by the manufacturer’s warranty
You have a large enough emergency fund to pay for major vehicle repairs
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.
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