Best Extended Auto Warranty Companies in Lafayette, LA

What is an extended auto warranty?

Louisiana’s extreme weather and constant stop-and-go traffic cause damage to your vehicle over time. Considering the amount of driving the average Lafayette resident does every year, the chances of an unexpected mechanical failure are high.

Extended auto warranties offer drivers in Lafayette coverage for unexpected repairs after the vehicle manufacturer’s warranty ends. Extended auto warranties are available for new and used cars and keep owners from worrying about expensive, life-changing repairs.

What does an extended auto warranty cover?

An extended auto warranty in Lafayette is different than a service plan from an automotive manufacturer or your car dealer. It’s also not car insurance. Extended auto warranties cover repairs on damaged or malfunctioning mechanical systems and equipment within your vehicle, while car insurance covers repairs and liability from accidents.

Common types of extended auto warranties in Lafayette include:

• Corrosion or rust warranties that cover vehicle damage caused by corrosion or rust
• Powertrain warranties that cover your engine, transmission and driveshaft against malfunctions or damage
• Bumper-to-bumper warranties that cover everything on your car except for items that are meant to wear out, like tires, fluids and bulbs

How much does an extended warranty cost in Lafayette?

On average, drivers in Lafayette pay anywhere from $1,800 - $4,000 for an extended auto warranty. Warranty providers usually break this price down into monthly or yearly payments to make it more manageable.

The final price Lafayette drivers pay depends on a number of factors, including the:

• Make and model of your vehicle
• Current mileage
• Age of the vehicle
• Selected deductible
• Coverage level

While an extended auto warranty in Lafayette may seem expensive, the price is a fraction of what you might pay for parts and service if you need significant vehicle repairs.

Are extended car warranties worth it?

Lafayette drivers considering an extended warranty should think about whether they have the financial means to cover repairs when their car eventually breaks down.

For people in Lafayette without significant savings, an extended auto warranty means they can get their car fixed immediately rather than waiting to save up for repairs. Extended auto warranties are also helpful if you have a car that is unreliable or expensive to work on, like a used luxury car.

For example, if you purchase a used car in Lafayette with a limited vehicle history, you might be in for a series of unexpected repairs to fix what the previous owner ignored. An extended car warranty is a useful tool for anticipated-but-unexpected vehicle repairs.

Certain plans also offer additional perks such as roadside assistance or rental car services, so factor that into your decision.

How to choose an extended auto warranty

When choosing an extended auto warranty plan in Lafayette, consider the following:

• Deductible. You must pay a certain amount before your warranty kicks in. Look for low deductibles to make sure you get the maximum benefit from your extended car warranty.
• Coverage dates. Will your warranty cover problems that existed prior to coverage? This is critical if your car currently has unresolved issues.
• Repair network. Can you select a repair shop in Lafayette or do you have to use technicians in the provider’s network? How large is the network? Are the locations convenient for you?
• Limitations. Is your warranty measured in days, years or mileage? Whatever the case, plan ahead. How long will you have this car? Will your financial situation change in the future? Make sure that what makes sense now also makes sense later on.
• Repair fee structure. Do you have to pay for repairs before getting reimbursed or will the company pay for the repairs outright?

Beware of auto warranty scams in Lafayette. Common red flags for extended auto warranties include unreasonable plan limits or fees along with constant robocalls and manipulative marketing tactics.