While new vehicles are typically protected under a factory car repair warranty for 3 years or 36000 miles once.

Is auto repair insurance worth it. Keep reading to determine if MBI coverage is worth it for you. Car repair insurance can be beneficial for some drivers but it isnt a necessity. Loosely speaking if the cost to fix is under 2000 it can be touch and go to claim it and if its over 2000 its worthwhile most of the time says Adam Mitchell president of Mitchell and.

The answer will depend on the quality of your policy but if you are following your vehicles maintenance schedule properly and addressing any potential issues quickly there is no reason why you couldnt just set aside a certain amount of money each month in the event of a major mechanical breakdown. Since you need to pay out of pocket for that amount anyways if the cost of the damage to your car is close to or less than your deductible it wouldnt be worth it to file a claim. Vehicle repairs can be very expensive.

The cost of car repair insurance will depend on the make and model of your vehicle. Your age location and annual mileage will also impact your MBI rate. Car repair insurance is worth it for many drivers as this type of coverage can save you from paying thousands of dollars for major mechanical failures.

Part of this readers question is also whether this car is worth too many more repairs. Typically the rate will increase as your car ages due to the higher risk of you filing a claim. Extended auto warranties help cover the cost of expensive repairs in these situations.

Car repair insurance may help you pay for costly maintenance and damage after your factory warranty expires. Jul 6 2021. Its sometimes a good idea to purchase an extended car warranty that provides coverage for repairs and.

But the value of car repair insurance depends on your cars age your driving habits and your existing car insurance policy. We reached out to our readers for advice from anyone who has carried this type of insurance. Is Mechanical Breakdown Insurance Worth It.