Should You Get An Extended Warranty On Your Chevy?

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The American car brand Chevrolet is known for it’s longevity of its vehicles. A Chevy car, truck or SUV will almost always make it over 100,000 miles and even up to 200,000 miles. With that being said, your Chevrolet is going to outlast the factory warranty provided by Chevy when you buy the vehicle.

So what comes after that factory warranty has expired? Many Chevy owners opt to get an extended warranty on their vehicles after the factory warranty has run out. An extended warranty is a good idea for a number of reasons and can help you save thousands of dollars on car repairs.

Some of the top reasons you should get an extended warranty for your Chevy include:

  • No Catastrophic Repair Bills
  • Makes monthly budgeting easier
  • Extended warranties are not as expensive as you think
  • You can negotiate your policy cost
  • You don’t have to handle the repair details
  • Having an extended warranty is a great selling point for the vehicle

Now let’s get into what the factory warranty looks like from Chevy, how long it lasts and why you should absolutely consider an extended warranty from a direct warranty provider.

What’s The Difference Between A Basic Warranty And An Extended Warranty?

There tends to be a lot of confusion on the different types of warranties, so let’s get some clarity on this!

Limited Warranties Are “Included” As Part Of Buying Your Vehicle

A manufacturer warranty, new car warranty or limited warranty are all names for the same thing, the warranty that comes with a new car when you purchase it. These warranties are not yours, but the vehicles so if you decide to sell the car within that warranty range the warranty will transfer with the vehicle.

Most manufacturer warranties are what are considered “implied” warranties, meaning there is no contract, it is just the car brands word that they will repair your car if anything happens. None the less, you should still get to take a look at the verbiage of the warranty.

Manufacturer warranties are regulated by the Magnusson-Moss Warranty Act, and are legally required to be provided to you for reading and as such are legally required to be available for you to read before you buy, even if you’re shopping online. Coverage varies, so you can compare the extent of warranty coverage just as you compare the style, price, and other characteristics of products.

The main difference between a manufacturer warranty and an extended warranty is the cost. A manufacturer’s warranty is included in the purchase price.

If the warranty is an add on, you’re buying an “extended warranty”. We will talk more about extended warranties below, but you should know that there are tons of providers for extended warranties and buying from the dealership on these is usually a bad move.

Only a manufacturer can produce a manufacturers warranty, which seems kind of silly to say, but here is why this is important. Manufacturer warranties will have different legalities associated with them than an extended warranty.

The other main difference is with coverage. A limited warranty is typically bumper to bumper, everything covered other than wear and tear items like oil, fluids, tires and wiper blades. Some extended warranties will offer you this much coverage, but the truth is that you don’t really need it most of the time and you’ll end up spending more than what it is worth.

In many cases, an extended warranty will cover fewer components than a limited warranty, but they cover the most expensive parts on a car.

Extended “Warranties” Are Extra Add Ons

Extended warranties, vehicle service contracts or vehicle protection plans are all terms for the same thing, a warranty that you PURCHASE on a vehicle. So the main difference between and extended warranty and manufacturer warranty is that the manufacturer warranty is included and the extended warranty is a service that you purchase.

If you are buying a new or used car from the dealership and the staff is offering you the opportunity to get an additional warranty, know that this is an extended warranty that they are offering.

Typically, it is not a smart decision to buy an extended warranty from a dealership. This is because there are a ton of direct warranty providers that allow you to mix and match your coverage and customize a plan to your specific needs and vehicle. It is generally a good idea to shop around for a warranty after the fact, and you can always go back to the dealership if they are the warranty that best suits your needs.

Voids in a warranty are another key difference between extended warranties and manufacturer warranties. The government puts a tighter leash on the manufacturers and it is very difficult for them to get out of paying for your repairs. This is all thanks to the Magnusson- Moss Warranty Act which regulates manufacturer warranties.

Extended warranties are considered a service in the eyes of the law so they aren’t held accountable under this act. However, this doesn’t mean that these extended warranties are shady or won’t pay out your claim. It does mean that you have to be more responsible when it comes to maintenance and documentation of said maintenance on your vehicle.

Most extended warranty providers want to see you consistently maintaining your vehicle. If you want more information regarding what can void your extended warranty, you can click that link and it will tell you everything that you need to know.

As we discussed earlier, car manufacturers are the ones who produce manufacturer warranties. The final difference between these and extended warranties is that extended warranties are provided by a 3rd party company. Most of these companies tend to be insurance and finance companies, which makes sense.

There are a ton of options when it comes to extended warranties which is why it is so important to do your research and shop around. Another thing to know about extended warranties is that they have direct and indirect providers. This is crucial knowledge when deciding on a warranty.

Direct Warranty Providers VS Indirect

A direct warranty provider is a warranty company that not only functionally sells their own warranties, they also pay out and handle all of their own claims and handle customer service. This is by contrast to indirect warranty companies who sell policies for other companies.

Indirect warranty companies tend to make promises that they have no control over because they are not the ones you are contracted with after the sale. Other downsides include claims taking much longer to be paid out, and the policies themselves costing more money.

This is to be expected because there are two companies sharing funds on the same policies. A good example of an indirect warranty provider is Carshield who sells warranties for American Auto Shield. When you buy a policy with Carshield, they then transfer the responsibility for your future claims to the 3rd party company. They get paid, and then that finance company that you didn’t choose becomes the legal entity responsible for paying your claims.

Direct providers can offer lower prices for their plans and better customer service because everything is handled in house. 

We’ve been in business over 14 years, everyone will tell you that choosing a direct warranty provider is the best way to go. You’ll avoid getting a run around from claims agents, and instead will get help from a real person who wants to see you off smiling.

Chevrolet Extended Warranties

As we discussed, extended warranties are sold by many providers. One of the companies that offers an extended warranty is Chevrolet. A car owner has the option to buy directly from Chevy when they purchase the vehicle new. So the new car will then have both a manufacturer warranty and an extended warranty for when the manufacturer warranty runs out.

The extended warranty is going to be more comprehensive than what many other warranty providers may offer, but that comes at a price. An extended warranty from Chevrolet takes the original bumper to bumper manufacturer warranty and extends it to 5 years or 60,000 miles, whichever comes first.

There is no deductible on this policy and it offers the same level of coverage as the manufacturer warranty. However, unlike the manufacturer warranty, the extended warranty will cost you.

How Much Does The Chevrolet Brand Extended Warranty Cost?

The extended warranty from Chevy must be purchased at the time of vehicle sale and will cost you a little under $1,600 for 2 years or 24,000 miles.

This is obscenely expensive. An extended warranty for your Chevrolet can be purchased from third-party providers like Protect My Car for far less . Protect My Car warranties can be purchased at any time and are available to drivers in most states.

What Does A Chevrolet Factory Warranty Cover?

The most important thing to know about a warranty, other than the cost, is what it will cover.

Warranty TypeWarranty Length
Bumper-to-Bumper Limited Warranty3 years / 36,000 miles
“Extended” Limited Warranty*5 years / 60,000 miles
Powertrain Limited Warranty5 years /60,000 miles
Chevy Protection Plans (All Tiers)Up to 150,000 miles. No year limit.
*only avalible on vehicles 2018 or newer. Optional extension.

Bumper-to-Bumper Limited Coverage

The bumper to bumper coverage which is good for 3 years and 36,000 miles will repair any item on your vehicle that breaks due to manufacturing error.

So for example any damage caused by a car accident, or an animal or extenuating circumstance won’t be covered, but if your engine randomly blows up, the company will pay for the repairs.

Powertrain Limited Coverage

Chevy currently offers a powertrain warranty of five years or 60,000 miles, whichever comes first. Powertrain warranties are those that cover the engine transmission and the drivetrain which tend to be the most expensive parts of the vehicle.

The powertrain warranty lasts for longer than the bumper to bumper coverage of the limited warranty, but of course doesn’t cover as much.

Corrosion Warranty

Chevy’s corrosion warranty refers to the undercarriage of the vehicle and will cover any damage to the sheet metal for three years or 36,000 miles, whichever comes first.

The corrosion warranty also covers rust for six years or 100,000 miles.

Be aware that corrosion caused by surface damage like dings from rocks or other substances will not be covered by the corrosion warranty

Accessory Warranty

All Chevrolet accessories have a 12 month unlimited mile warranty from the date of purchase.

Emissions Control System Warranty

The emissions control system warranty covers parts of the exhaust including the catalytic converter. The warranty is two years or 24,000 miles and eight years or 80,000 miles 

Additional Coverage for the Chevrolet Bolt EV, Volt, and Malibu Hybrid

These electric and hybrid vehicles will have the same bumper to bumper coverage as the rest of the cars in Chevy’s lineup, in addition certain car parts specific to the green energy cars will be covered for 8 years or 100,000 miles, whichever comes first.

What Is Not Covered by Chevrolet’s Warranty?

Not all damage is covered by a Chevy warranty, in fact many individuals are often confused between the difference between warranties and insurance and what each will cover. It is important to know that there are scenarios where damage to your car will not be covered by General Motors.

  • Damage resulting from accidents,
  • Damage from vehicle misuse
  • Damage from aftermarket alterations
  • Damage caused by weather or natural disaster
  • Damage caused by fire
  • Damage caused by improper maintenance
  • Damage caused by using the wrong fuel grade
  • Any damage to third-party electronics (DVD players, wireless headphones, etc.)
  • Damage caused by truck bed liners
  • Issues caused by environmental elements, chemical treatments, or aftermarket products like sealants

Any aftermarket upgrades will obviously not be covered by the warranty provided by Chevrolet, but may be covered by the parts manufacturer.

Is a Chevrolet Extended Warranty Worth It?

Asking yourself if a warranty is worth it? The truth is, not everyone needs an extended car warranty. For some individuals, a warranty is a beautiful thing because it decreases the stress and anxiety of unexpected repairs. For others, who don’t worry as much about unexpected repairs and who work on their cars themselves a warranty makes less sense.

Before we get into who should and shouldn’t get an extended warranty for their Chevrolet, let’s first take a look at how expensive car repairs can be.

The average repair cost over a 10-year period is $8,800, it is recommended that Chevy drivers get protection against expensive repairs . If you have the cash on hand to handle these large repairs, you likely don’t need a warranty. If a repair like these would severely impact your emergency fund, a warranty is something you should really consider.

PartCost
Engine and cylinders$7000- $10,000
Transmission$5000- $5000
Diesel Particulate Filter$2000- $4000
Airbags$2000- $4000
Suspension$2500- $3500
Engine Control Unit$3000
Camshaft$1500- $3000
Head Gasket$2000
Catalytic Converter$1500
Brake Line Repair$1000
Fuel Pump$700- $2000
Timing Belt$500
Air Conditioning Compressor$500
Fuel Injectors$500

Here is who should and shouldn’t buy an extended warranty from PMC or one of the other reputable direct warranty provider in the market.

Who Shouldn’t Get An Extended Car Warranty

  1. Have a car with fewer than 36,000 miles that is less than 5 years old.
  2. Have a car that was made before 2000.
  3. Don’t drive that often.
  4. Do your own car repairs.
  5. Aren’t worried about your check engine light.
  6. Have a plan to pay for costly repairs when they happen.

Who Should Get An Extended Car Warranty

  1. Have over 36,000 miles on your car.
  2. Drive a car that’s the year 2000 or newer.
  3. Want to protect your used car investment.
  4. Don’t want to worry about your check engine light.
  5. Are afraid of getting taken advantage of by your mechanic.
  6. Don’t want to pay thousands of dollars for breakdowns that aren’t your fault.
  7. Want the peace of mind to keep your car even as the miles climb.

With an extended warranty, you have extra protection for repairs and damages that can be extremely expensive.

Where Can I Find The Best Chevrolet Extended Warranty?

As we’ve discussed above, there are tons of companies to choose from when purchasing an extended warranty for your Chevy vehicle. The best warranty provider is going to be the one who suits your needs well. We recommend finding a company that allows you to customize your plan and coverage. In addition, selecting a warranty provider that

Protect My Car offers multiple levels of extended coverage for Chevrolet vehicles. The chart below outlines what those levels cover and how much the deductible will cost.

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Top Extended Warranty Providers Compared

 Protect My CarEndurance Auto WarrantyCarchexCar Shield
Cost Per Month$70.56/ month$89/month at promotional price     $122.00/ month otherwise$198.56/ month$129.99/ month
Deductible$100 dollars$100 dollars$100 dollars$100 dollars
Additional ChargesNone$200-dollar admin fee, 5% due at signing (promotional), or 10%NoneNone
Policy Term4 Years / 60,000 Miles5 years / 60,000 miles6 years / 125,000 milesMonth to month
CoverageEngine, Transmission, Drive Axle, Transfer Case, Brake Components, Steering, Electrical Components, Air Conditioning, Front and Rear Suspension, Fuel System, Cooling SystemEngine, Transmission, Drive Axle, Transfer Case, Brake Components, Steering, Electrical Components, Air Conditioning, Front and Rear Suspension, Fuel System, Cooling SystemEngine, Transmission, Drive Axle, Transfer Case, Brake Components, Steering, Electrical Components, Air Conditioning, Front and Rear Suspension, Fuel System, Cooling SystemEngine, Transmission, Axle Steering, AC Components, Steering, Electrical Components, Air Conditioning, Front and Rear Suspension, Fuel System, Cooling System
Major ExclusionsWear and tear items*Wear and tear items*Wear and tear items*Wear and tear items*

Prices Of Top Warranty Providers In Their First Year

Company1st Year Contract Cost
Protect My Car$846.72
Endurance Auto Warranty$1068 with promotion, $1464 without, plus $200-dollar administrative fee due at signing.
Car Shield$1559.88
Carchex$2382.72

Never Get Yourself Into Debt Over Car Repairs Again

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Car repairs can be absurdly expensive, and you can expect those unexpected repairs before too long no matter what vehicle you drive. 

If you have to replace the engine block it could cost you more than $10,000. 

Depending on your vehicle it could cost you up to $10,000 dollars to make repairs to components like the transmission and suspension. 

If that seems absurd to you, luckily you aren’t alone.

A vehicle service contract from Protect My Car can help cover the cost of these excessive repairs. In fact, you could pay as little as $100 dollars for that $5,000 engine replacement.

Yes, you heard that right.

For less that the cost of a cup of coffee each day, you can get coverage for:

  • Steering
  • Suspension
  • Engine
  • Transmission
  • A/C and Heating
  • Navigation and Electronics
  • …and so much more.

When you walk into the repair shop with a coverage plan from PMC, you can rest assured that you will never pay for these repairs listed here. You pay a $100 deductible, just like insurance and we pay the rest.

Does that sound like a fair deal to you?

If it does, just fill out the form below for a free quote, and see how great it can be to never have to pay for car repairs ever again.

About Protect My Car

Protect My Car is an extended auto warranty company. Our goal here at Protect My Car is to eliminate your worry of being financially responsible for an expensive mechanical breakdown. With our extended auto warranty, you don’t have to worry about being fully burdened with the cost of a covered repair.

Want to protect your vehicle?

Or give us a call at Orange telephone handset icon.1-800-253-2850