Explore expert insights on carchex vs olive warranty comparison to drive smarter and stay informed.
Explore expert insights on carchex vs olive warranty comparison to drive smarter and stay informed.
A dependable warranty and good car insurance is important when you invest in a car. An automobile is one of the largest purchases millions of Americans will make.
New cars come with factory warranties. These cover malfunctions and defects within a certain period or miles driven. Most are for 3 years/ 36,000 miles. Whichever is first. But some plans are longer than others.
Once the factory warranty expires, vehicle owners can buy a vehicle service contract. This will take care of major breakdowns, giving peace of mind. We explore two of the best extended warranty service providers and what they offer:
Auto service contracts cover repairs, saving Americans thousands of dollars each year. Many personal financial experts believe extended warranties are not worth it. The industry has suffered a bad rap with unscrupulous operators.
Some reasons the industry has gained a poor reputation include unscrupulous sales ploys. Plus, many contracts are confusing. But there are ethical operators offering excellent products, keeping your wheels healthy.
Two extended warranty service providers with an excellent reputation are Carchex and Olive. Find out more about these two reputable extended warranty providers. Make an informed decision based on facts. Never let a breakdown give you sleepless nights again. And don’t let personal financial advisors put you off the cover you need.
Carchex is based at 118 Shawan Road in Baltimore, Maryland. It is a well-established service provider of vehicle warranties to all Americans.
Armed with a strong reputation in the industry, Carchex has earned a good name. Carchex’s excellent coverage plans include cover for repairs, maintenance, and other expenses.
Accredited since 2009, Carchex has been helping clients resolve a multitude of automotive questions. They also offer pertinent advice.
Over and above the usual protection plans on offer, Carchex offers solid advice. They do this via their website.
Some of their articles cover history reports, auto finance, and vehicle inspections. Other articles are tips from Goss’ Garage and general auto advice.
Carchex compares against other top brands like Audi, Mopar, Honda, Dodge, and Chevy. The comparisons highlight benefits of their extended warranty plans. This helps motorists make smart, informed decisions.
Carchex operates with transparency, emphasizing customer satisfaction. They use common terms like extended warranty, vehicle service contracts, and warranty. These are all aligned with consumer understanding and clarity.
Carchex’s website enables visitors to review coverage plans, deductibles, and car rentals.
Read up some of Carchex reviews and find out why this service provider is the talk of the town.
Carchex offers consumers 5 plans. These range from the basic Powertrain warranty to comprehensive plans. The wide range caters to all budgets, offering tailored warranties. Coverage is up to 10 years/ 250,000 miles, depending on the plan and vehicle specifics.
Costs of plans range from $137 to $140 a month. Annual costs range from $1,320 to $1,440.
Some of Carchex’s benefits include fuel delivery, trip interruption insurance, and towing. Other perks are rental cars, alternative transport, and 24/7 roadside assistance. There is no waiting period for these perks. But, there are exclusions, as with all service providers. Plans do not cover general maintenance like oil charges.
Carchex plans have a 30-day money-back guarantee with a full refund. Thereafter refunds are pro-rated.
Carchex’s basic plan is both affordable and inclusive. It lists all the parts covered. They changed the name from the Bronze plan. Carchex’s Powertrain plan covers major components of your gas or diesel engine. It also includes cover for transmission, drive axle, cooling systems, and more.
There are some exclusions and limits. Read the contract thoroughly to find out if this is the right cover for you. Carchex’s Powertrain plan is ideal for high-mileage cars. It provides cover for up to 5 or 6 years, depending.
The Powertrain plan, originally the Silver plan, covers new and used cars. Charchex’s Powertrain Plus plan covers more parts than the Powertrain plan (Bronze plan). The Powertrain Plus plan is the perfect balance between comprehensive cover and affordability.
You get up to 6 and 7 years of cover. It is a brilliant option for cars over 100,000 miles on the clock.
Carchex’s most comprehensive cover is the Platinum Plan. This plan offers inclusionary cover of hundreds of parts with excellent service terms. Service terms are from 5 to 10 years. Categories added over and above the lower plans include audio and emissions. It also covers brakes, suspension, and steering, to name a few.
Some parts covered under this plan may not be available under other provider’s protection plans. Or offered as optional packages. Find out if this coverage is the one for you.
Carchex’s highest plan lists parts excluded from cover rather than those included. The plan is not dissimilar to the manufacturer's bumper-to-bumper warranty. Expect coverage from 7 to 10 years.
Get coverage for parts over and above the regular manufacturer's Powertrain warranty. Parts covered include cooling systems, electrical systems, suspension, fuel systems, and more. The Extra Care Coverage plan is ideal for newer cars. Does this cover suit your needs? Find out more by visiting the Carchex website.
Carchex is the number one choice for many Americans. When your manufacturer’s warranty expires, find the plan that suits you best.
Olive is a somewhat newcomer to the warranty sector. Their headquarters are in Chicago, Illinois. Olive has offered excellent coverage plans to Americans since 2019. The company is a subsidiary of Repair Ventures of California. Repair Ventures boasts an A+ rating with accreditation from the BBB.
You can get an Olive plan in any of the US states. In California, Olive offers mechanical breakdown with the same plans.
Olive is not a direct warranty provider. Olive operates as a broker. QBE approves repairs and pays for claims on behalf of Olive. Olive’s warranty solutions are all underwritten by QBE Administration Services, Inc, an international provider.
So few plans should not put consumers off. After all, it’s about quality, and not quantity. All Olive’s plans are fuss-free and designed for easy online selection options.
The 3 plans provided by Olive are:
The Olive Powertrain plan covers all the most expensive components. Parts covered under this plan are the engine, drivetrain parts, and transmission. This plan is perfect for coverage of the most crucial car components.
Olive’s Powertrain Plan lasts about three years. In certain instances, Olive covers cars up to 12 model years/ 185,000 miles. This is the same for all the Olive plans offered. Pricing varies depending on terms and conditions and the vehicle. Average monthly premiums range from $30 to $50.
The Olive Powertrain Plus plan builds its foundation on the Powertrain plan. Extra components included are air conditioning units, electrical components, and fuel systems.
This plan is ideal for individuals seeking more comprehensive coverage. The cost per average ranges from $40 to $70 a month.
Olive’s Complete Care plan is the most comprehensive coverage. It is like a manufacturer’s bumper-to-bumper warranty. The plan covers all factory-installed parts except parts listed as exclusions.
The plan covers almost every part of your car. Olive Complete Care Plan covers parts like the suspension, steering and brakes. The Olive Complete Care plan includes roadside assistance. Roadside assistance includes towing, jump-starts, tire changes, fuel delivery, and more. You will pay between $60 to $80 for this cover. It is Olive’s top of the range plan and is also the most costly of the three options.
Rental car reimbursement: $35 daily for up to 5 days when your vehicle is in the shop, or for covered claims.
Towing: When covered by one of the Olive plans, up to $100 daily for towing.
Service providers don't cover everything. Always read the small print on your contract. If you are not sure, ask questions.
If your car breaks down, take it to the nearest repair shop. Contact Olive to file a claim. You can also search for the nearest repair shop and book your car through the RepariPal app or website. Olive enjoys a partnership with RepariPal Certified shops.
Can’t find a RepairPal Certified Shop near you? You can service your car at any shop provided the technician is state-licensed. When you arrive at the shop, ensure you connect with Olive for authorization. Once authorized, Olive settles the bill. You will only have to pay for the deductible.
Olive offers 3 deductible options. These are $100, $250, or $500. There is no $0 deductible option available from Olive. Every time you take your car in for repair, you pay a deductible amount. A higher deductible reduces your monthly premium.
Is an extended car warranty worth it for you once your factory guarantee expires? You will need to weigh up the various options. Carchex vs Olive. Find out about these and thousands of other service providers. Do this with ease on our easy-to-use platform. Reading reviews and finding out everything about your options will give you a good idea.
Both Olive and Carchex are excellent choices. Both have pros and cons. It’s all about affordability and personal preferences. How much are you willing to spend? How reliable is your car? Does your car have many miles on the clock, or is it out of a factory guarantee?
Get thousands of quotes in seconds. There is no need to give your name, number or email to get a quote. Whether you are keen on a digital first company like Olive, or one of the old stalwarts in the industry. It comes down to personal preference. Get recommendations based on vehicle needs to make that informed decision.
