Understand the Difference Between Car Insurance and a Car Warranty
For every motorist, it’s important to understand the types of coverage for cars so that you’ll know what kind of protection you need. From your vehicle to your family to your finances, you want to make sure everything has adequate protection. In the case of car warranty vs. car insurance, it’s better to be aware of the difference between the two than be unpleasantly surprised later.
New Car Warranty
A new car warranty is the vehicle manufacturer’s promise to help pay for replacement parts or covered parts during your specified warranty period. The warranty will come with your new car, but the dealership may offer you an extended warranty so that your vehicle is covered for years and more miles. Each dealership and vehicle will have its own regulations, but generally, items that commonly wear out (wiper blades, tires, and brake pads) are not covered.
Car insurance is designed to protect your finances if your vehicle is damaged in a collision or another covered peril, such as theft, fire, or a natural disaster. It also provides:
- Liability coverage – May help to pay for someone else’s medical bills or damage to their property by an accident at which you were at fault.
- Collision coverage – Repairs or replaces your car if it’s damaged in a crash with another vehicle or object, regardless of fault.
- Comprehensive coverage – Repairs for damage to your vehicle caused by things other than a collision, such as fire, theft, vandalism, or falling objects.
- Medical payments coverage – Covers medical expenses for you and your passengers in the event of an accident.
- Uninsured motorist coverage – If a driver hits you with no or too little insurance, this coverage aids your car repair expenses.
Keep in mind that even the most protective policy isn’t a license to stop taking care on the roads. For quality auto insurance, contact the team at Chambers & Company Insurance Brokers who can tailor a policy for your needs.