Some estimates suggest that we could all save 50% on our car warranties by buying them online. Why is it that so few people take this course of action, despite the obvious benefits?
Most new cars sold in the UK come with a manufacturers warranty that lasts for the first 3 years. During this period, the manufacturer should cover the cost of any repairs that are required as a result of mechanical failure or breakdown.
After the initial 36 month period, car owners are very much on their own. It's for this reason that many UK consumers look to purchase what is known as extended vehicle warranty.
An extended warranty acts in a similar way as the agreement that was previously in place with the manufacturer. During the period of the extended agreement, you would expect to have the cost of any repairs covered.
Many people believe that such policies need to be bought from car dealerships. So, for example, there is a belief that Ford warranties can only be purchased from Ford main dealerships.
This confusion helps to explain why many UK car owners are paying too much for their cover.
The reality is that there are numerous specialist car warranty companies in the United Kingdom, all offering policies for a wide range of vehicle makes and models.
Since many of these companies are trying to sell their products online, they've been able to cut their costs and hence pass those savings on to customers.
All of which is great news for consumers, as long as we take the time to take a look at what's available online.
The easiest approach to getting a good deal is to look at the various policies on offer and make sure that you know what sort of cover you will need.
You can then get a free, no obligation quote online. You may be pleased to see that online car warranty sales companies can often do a better deal than you are used to.
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