In 2012, the average new car costs over $30,000, according to a national study. This represents an increase of price of about $2,000 from the previous year. Surprisingly enough, used cars have also increased in price due to their high demand in today’s economic recession.
With the way things are going, it’s not only expensive to own a car but also to maintain it. As if our wallets were not strained enough, the price of repairs have drastically increased in recent years.
In a nutshell: More expensive parts + Labor rates at a record high = One heck of a repair bill.
With extended auto protection, drivers need not worry about repair bills. Our Endurance coverage comes in the form of a vehicle service contract. These contracts are a promise to pay for specific repairs on your automobile depending on policy coverage. So why exactly does this concern you?
The Top 3 Reasons Why Every Driver Needs Extended Auto Protection:
Everyone Needs Coverage
There is bound to be a handful of you that will say, “Well, my car is just fine, I don’t need any coverage”. And while your car may be fine today, what about tomorrow, or the next day, or a year from now? There is no better time to get coverage for your vehicle than when it is in perfect condition. Because vehicle service contracts do not cover pre-existing conditions, you will qualify for the best coverage and be fully protected.
You’ll Save Money
Why should you have to pay for costly repair bills when someone else can take care of the bill for you? A rebuilt transmission can run you upwards of $1,600 and water pump replacement will set you back a minimum of $560. Of course, with the nation’s average hourly labor rate skyrocketing as high as $103.40 an hour, there is no better time to protect your car AND your wallet. With extended auto protection, you would only have to worry about your standard $100 deductible.
Gives You Peace of Mind
The well-known saying, “When it rains, it pours” comes to mind on the subject of car repairs. Oftentimes, if one component is going out, others are likely to follow suit. With a vehicle service contract, you will no longer have to worry about anything on the road. Each of our policies include 24/7 roadside assistance, rental car access during repairs, and so much more. The same way that insurance gives you peace of mind if you get into a collision, a vehicle service contract with Endurance does the same for repairs.
If you wait too long to protect your automobile, you might be too late. Because cars weren’t meant to last forever, with time they will all eventually break down. Car insurance won’t pay for your vehicle repairs, but Endurance will. To find out more about our coverage and policies give us a call today!
*A Vehicle Service Contract (VSC) is often referred to as an “extended warranty”, but is not a warranty. A VSC does, however, provide repair coverage for your vehicle after the manufacturer’s warranty expires. A VSC is a contract between you and a VSC provider or administrator that states what is a covered repair and what is not. Endurance is an administrator of VSCs and does not sell warranties.*