Honda Extended Warranty Options
Diving into the Extended Options for Protecting Your Honda vehicle.
Honda has earned a reputation for value and reliability that is hard to match. Their flagship sedan, the Accord, was awarded the 2018 North American Car of the Year. A perennial leader in the mid-sized sedan segment, Honda also produces the popular Civic compact, the capable CRV sport utility vehicle, and the family-friendly Odyssey minivan. For cars that look great, drive great and hold their value, drivers choose Honda as a favorite in many vehicle classes.
Why Purchase Extend Protection for Your Honda?
Honda drivers can be fiercely loyal, but that’s all the more reason to consider getting extended protection for your Honda after the factory warranty runs out. Many drivers want to protect their investment by making sure they are prepared to pay the repairs that will keep their Honda on the road long after other brands have bit the dust.
Hondas have a well-earned reputation for reliability. J.D. Power gives Honda vehicles a 4 out of 5 in Dependability. The latest CarMD Vehicle Health Index Make & Model Reliability Rankings rates Honda #2 overall in its list of Top 10 Most Reliable Makes, with the Civic singled out as the car model least likely to encounter engine trouble. The Accord came in fifth on that list. However, when it is time for servicing, those repairs won’t come cheap. Honda doesn’t even make the cut of CarMD’s list of Brands with the Lowest Average Repair Costs.
Diligent car owners know this means they’ll be responsible for any costly repair bills that may come their way. Read on as we break down the different extended coverage options to cover mechanical repairs on your Honda vehicle.
Honda Dealer Extended Warranty
Honda offers its own extended warranty plan, but there are some important catches. Honda will sell different versions of their extended service plan that vary by years of coverage and/or mileage, but all of them need to be purchased before your Honda hits three years or 36,000 miles, when the factory warranty runs out. Other third-party coverage providers allow you to purchase an extended vehicle service plan at any point during your ownership, permitted the car has no preexisting issues.
Drivers who opt to contract with Honda not only have no choice about the kind of coverage they can get—the dealer VSC is one-size fits all—they also have very little flexibility about when they can purchase it. What’s more, carmaker-branded service plans like Honda’s come at a premium. You’re paying for the name, over and above the actual repair costs. And with their plan structure, unless you’re willing to pay big bucks, you may not actually get the protection you really need.
On top of that, Honda dealer extended warranties limit the number of mechanics you can visit. For coverage to apply, you must take your vehicle to a Honda factory-trained technician who uses only approved parts. Such a measure helps Honda protect its brand, but it also vastly restricts mechanic options.
Third-Party Vehicle Service Contracts
What is a Vehicle Service Contract?
A vehicle service contract is often confused or mistakenly referred to as an extended warranty, but in fact a VSC is a product offered to supplement your manufacturer’s warranty. This type of coverage doesn’t technically extend the coverage of your manufacturer’s warranty, however – it’s actually a new service contract between the contract provider and the consumer. This means you can buy one at any time for your eligible vehicle, not just when the original warranty expires. As such, a more accurate name for this type of protection is “Vehicle Service Contract”.
Choosing the Right VSC Provider?
For many car owners, third-party vehicle service contracts, like the ones offered by Toco Warranty, provide a more cost-effective alternative to dealer warranties. A vehicle service contract is the easy, affordable way to make sure you're protected when covered breakdowns occurs. Essentially, VSCs work the exact same way as your original new car factory coverage functioned, paying for the parts, labor, and taxes for any covered repairs if your vehicle should ever break down. Benefits of a VSC include:
- Simple claims process
- Ability to choose from a broad national network of repair shops
- 24-hour roadside assistance
- Discounts on car rental and hotel stays in covered conditions
- No down payment
- Low monthly payments
- Pay as you go (cancellation fee may apply)
Simple claims process
24-hour roadside assistance
No Down Payment
Low monthly payments
Ability to choose from a broad national network of repair shops
Ability to cancel coverage at any time
Taking a Closer Look at The Cost of Repairs
When you consider what a typical repair bill can look like for an aging vehicle, a Vehicle Service Contract starts to look like a pretty smart bet.
Average U. S. Repair Costs
|Vehicle Repair||Uncovered Cost||Cost with Toco VSC|
|Replace Transmission and
|Replace Hybrid Battery and
Reprogram Engine Control Module
|Replace Transmission Assembly||$3980.92||$100|
|Replace Balance Shaft Gear||$3571.38||$100|
|Cylinder Compression Test||$2819.04||$100|
|Replace Cylinder Head Assembly
and Spark Plugs
|Replace Catalytic Converter||$1190.18||$100|
|Replace Fuel Injectors||$467.01||$100|
And when you take into account the typical repair costs for many of the most common problems with Honda vehicles as they age, the prospect of having no coverage looks risky indeed.
If you own a Honda vehicle that has aged out of its factory warranty, you might want to explore your vehicle service coverage options. For many drivers, a Vehicle Service Contract from Toco Warranty is the best way to ensure peace of mind when unexpected repairs occur.
While you may not be able to depend on a lifetime of trouble-free driving with your Honda, a Toco VSC can make sure that when breakdowns do happen, all your covered repairs are taken care of.
Honda is not affiliated with Toco Warranty Corp. and has not endorsed Toco Warranty