Do I Need Car Repair Insurance for Used Cars

Used car repair insurance is an absolute necessity for anyone who has an older car. Some people think that as long as you take good care of your car, that there's no point to getting a policy to cover it. Unfortunately these people often find that even after keeping up with maintenance appointments, oil changes, tire rotations, and inspections, their old car needs repairs sooner or later. That's where insurance comes in.

While some people choose not to get a policy, others know it is the wise thing to do. It is a worthwhile process to get a quote, read over the terms, and decide on the coverage that is right for you.

Why a Used Car Repair Insurance Policy is Important

Without a policy, you run the risk of having to pay excessive repair costs when the time comes to get things replaced or fixed. This happens after your initial car warranty ran out, when such bills are no longer helped by the special protection offered by the maker or dealership. Most used cars fit into this category after 30 to 90 days. Some never come with such a warranty or only include limited coverage.

Extending the coverage helps to protect your finances and car. With lower costs, you can more easily afford any mishaps that occur throughout the life of your car. It also protects your car by allowing for repairs to be done in a more timely manner than may have otherwise been possible without a policy. The longer you wait for repairs to be done, the worse of a situation you may be faced with down the road.

Frequently Asked Questions

There are some common questions that people seeking used car repair insurance are wondering. This FAQ section will help you get some of the answers you need, as soon as possible. You will discover whether or not you are a good candidate for a policy, as well as how much it might cost you. There are also answers regarding how much is covered and what kind of discounts may be found.

Do I Need a Policy?

Honestly, anyone with a used car needs to consider getting car repair insurance. Policies are for people who take their automobile and finances seriously. Without coverage, you face potential consequences. If you are unable to pay in full for necessary repairs, you may be out of luck when you don't have the ability to file a claim. That's why it's important to get coverage sooner rather than later.

How Much Does Used Car Repair Insurance Cost?

Costs escalate according to a number of factors. Your specific costs can usually be more accurately determined by getting a price quote. Since coverage takes care of potential situations like needing an engine overhaul or new transmission, you can expect insurance costs and deductibles to reflect potentially expensive repair scenarios.

You may also be faced with hidden taxes, surcharges, claim fees, and processing fees. It's important to read over the full list of terms of a policy before you agree to a particular one. This will give you a good idea of the exact costs you may be faced with in the future.