Does Travelers offer extended warranties? This question is about Travelers Insurance

Does Travelers offer extended warranties?

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This question is about Travelers Insurance

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@WalletHub • 02/25/21 This answer was first published on 02/25/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, Travelers does not offer extended warranties. Travelers 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.

For more information, check out WalletHub’s guides to mechanical breakdown insurance and extended car warranties.

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Are extended car warranties worth it?

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.

When An Extended Car Warranty Is Worth It

A good time to consider the value of an extended warranty is when the manufacturer’s warranty on your vehicle has...

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How much does an extended car warranty cost?

An extended car warranty costs around $1,500. The exact cost of an extended car warranty depends on several factors, including the condition of the car, the car’s mileage, and the amount of coverage included in the warranty.

Factors That Affect Extended Car Warranty Cost

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...

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Does Travelers offer mechanical breakdown insurance?

No, Travelers does not offer mechanical breakdown insurance. Mechanical breakdown insurance (MBI) is a specialty type of car insurance coverage that is only available from some insurers, and it pays for repairs that are not related to routine maintenance, wear and tear, or an accident. For instance, MBI often pays for transmission failure or engine problems.

The cost of mechanical breakdown insurance varies depending on the car, but the average MBI policy costs about...

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