Fully insured vehicle service contracts cost more compared to even the most stable risk retention group. The samsclubization of our economy has brainwashed a majority of folks to shopping for cost alone. This will get you in to trouble when shopping for an extended warranty. Your cheapest warranty will find a way to wiggle out of any claim you file.
Low-priced is great, but not recomended for auto warranties. You get what you pay for. With high profile vehicle guarantee failures years ago, hopefully you learned the lowest warranty price tag quote contains the highest risk of a warranty organization failing and leaving you with worthless paper. Case in point, Ultimate Warranty. When they undersell the competition excessively, something has to give, and corporations with lowball quotes have to reject your claims to overcome the lower sales. Their normal operation is to under fund the guarantee claims reserve accounts to pay out for your vehicle warranty claims. So you better time your breakdown for when they had a good prior month in sales.
Do not buy the cheapest extended warranty that you can find, they won't be around to cover your automobile when you file claims. They use tomorrow's sales proceeds to shell out for today's claims until they crash and burn. There once was hundreds of fly by night corporations, but with the advent of the VPA they have mostly been weeded out. If you can't get any details on a car warranty firm via Better Business Bureau, then don't buy from them.
Cheapie warranties exclude lots of coverage, they make up ridiculous reasons to deny your warranty claim, leaving you with few covered repairs, or leave you to pay the repair shop first and then take months to reimburse you back.