It’s a delicate game that we play with our cars as they age and things start to break, but today’s car repair insurance providers can help mitigate any losses caused by massive mechanical failures on your aging rig. These companies help protect you wallet by covering minor and major automotive repairs—sans wear and tear—with only a small, fixed deductible coming from you. With the demand for these types of insurances growing, it is no surprise there are hundreds to choose from. We’ll help you wade through them all by laying out the five most popular ones.
1. AAA Insurance
The American Automobile Association (AAA) has been a leading provider of automobile insurance for many decades. Its customer satisfaction is second to none and always delivers both quality of policy coupled with incredible benefits for being a member. It offers many different kinds of insurance policies as well as car repair insurance. AAA gives its policyholders the freedom to choose where they want their work done, but it also provides a list of repair shops it works with. Most of the time, this list will contain the shop you want to use anyway.
If you watch a decent amount of TV, then you have no doubt seen that cute—albeit a tad annoying—GEICO gecko at least a zillion times. Most folks think of collision insurance when they hear that tiny Aussie gecko talking on TV, but GEICO has also taken the leap into the car repair insurance game with its Mechanical Breakdown Insurance offering.
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3. Warranty Direct
Another leading provider of short term car repair insurance and limited warranties is called Warranty Direct. This is a financially sound company that has been providing new and used warranty service for many years. One of the pitfalls when working with an insurance company is whether or not it will honor its policies or have a lot of different fine print clauses. Warranty Direct seems like one of the most honest ones, as it is a leader in customer satisfaction.
4. Endurance Warranty
Endurance is one of the newer companies in the car repair insurance game. This company is most recognizable by the direct mailers it sends out to people that look quite official and make you think that some warranty on your vehicle is set to expire. Despite its grey-hat marketing schemes, Endurance's A+ rating from the BBBactually suggests that it delivers good service.
5. CARCHEX Insurance
The CARCHEX Insurance company is also one of the more popular insurance companies that receive the greatest customer satisfaction rewards. It works with each new customer to help tailor a customer insurance policy that will reflect their needs instead of a generic policy. In an industry that generally gets a lot of complaints, CARCHEX is near the top in delivering a great experience for its policyholders.
The decision between risking a repair that could run into the thousands of dollars on your used car, buying a new car, or shelling out a monthly payment on a car repair insurance policy can be a tough one. However, with the five most popular companies offering these cost-mitigating policies in hand, you are now better prepared to perform the research you need to make the best decision.