A car warranty is like a safety net for your car, covering the cost of certain unexpected problems that aren't your fault. Whether you’ve got a brand-new car or a trusty second-hand runaround, a warranty could save you from hefty garage bills.
What is a car warranty?
A car warranty is a type of cover separate from car insurance that pays for the cost of fixing certain faults in your car. If something breaks down unexpectedly, for example, if there's an electric fault, your warranty can save you from footing the repair bill. Warranties often come with new cars, but you can get one for a used car too. They're usually only valid for a certain about of time.
If your car is written off, having a warranty won’t apply. But it can help cover specific costly repairs that might be because of manufacturer faults.
Do I need a car warranty?
A car warranty isn’t a legal requirement, but it can come in handy. Repairs can be pricey, and a warranty might save you money in the long run. If your car is getting older or has clocked up the miles, a warranty might give you peace of mind.
Types of car warranties
There’s a warranty to suit most drivers. Here are the main types:
- Manufacturer’s warranty: This comes with a new car, usually lasting 3 to 7 years.
- Used car warranty: Bought for second-hand cars, covering wear and tear.
- Extended car warranty: Adds more cover after your original warranty ends.
- Car warranty insurance: A separate policy that can protect you against big repair bills.
What’s covered by a car warranty?
Warranties usually cover mechanical and electrical parts. This includes the engine, gearbox, and electrics. Each policy is different, so always check the details to see what’s included.
In order for your car warranty to cover these things, you'll need to have a regular car service and avoiding things like car modifications which may void your warranty altogether.
Routine maintenance, like tyre changes and oil, is rarely covered.
What is an extended car warranty?
An extended car warranty gives you extra cover once your original warranty runs out. It’s a great way to keep your car protected as it ages. Think of it as a safety net for certain unexpected repairs.
What does an extended car warranty cover?
Extended warranties often cover:
- Engine and transmission
- Suspension and steering
- Cooling and fuel systems
Again, check the small print. Some warranties exclude high-mileage cars or specific repairs.
Choosing the right car warranty for you
Picking the right warranty depends on your car and budget. If you’ve got an older car, look for a used car warranty that covers common faults.
What’s the difference between a warranty and car insurance?
A car warranty and car insurance are two very different things. A warranty is designed to cover mechanical and electrical faults with your car, often due to manufacturing defects. For example, if your engine or gearbox develops a fault, a warranty might help cover the cost of repairs.
On the other hand, car insurance is a legal requirement for driving on public roads. It covers things like theft, damage caused by an accident, and if your car is written off. But car insurance generally won’t cover mechanical issues – that’s where a warranty can come in handy.
Insurance protects you from accidents and mishaps, while a warranty keeps you covered for faults and failures under the bonnet. Both serve important purposes but work in different ways.
How much can car warranties cost?
The cost depends on the car, its age, and the cover level. Extended warranties for luxury cars are usually more expensive. While some warranties might seem pricey, they might still be a lot cheaper than unexpected repair bills. For example, repairs for electric cars can be particularly expensive, so a warranty might be especially worthwhile.
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