If you’re like more than 200 million Americans, you count on your car to get you places, to take care of the important stuff, to live your life. But when your car breaks down, it can really disrupt your life. At best, it’s an inconvenience. At worst, it drains your savings. It could even cost you your car. This is where a vehicle repair service plan could help.
According to AAA, the cost of owning a new vehicle in 2017 was approximately $8,500. This breaks down to about $700 a month. One costly repair could put this number well over $10,000 a year. You can expect, on average, that a new vehicle will cost you about $1,186 a year to maintain and repair. This number goes up the older a vehicle is.
What is a vehicle service plan?
When you first purchase a car, you may have received a warranty from the manufacturer. This covers your car and repairs it may need for a specified period of time. But as your car ages and you exit the warranty period, your car is likely to need future repairs. These car repairs could be expensive. A vehicle service plan provides protection for your vehicle beyond the warranty period.
Depending on the coverage you select, a vehicle service plan can cover comprehensive parts and labor for any needed repairs as well as:
- roadside assistance
- car rental reimbursement
- travel expense reimbursement
- towing services
You can also typically choose from various deductibles, which gives you control over how much you would pay out-of-pocket for a repair.
Does a vehicle repair service plan sound right for you? SafeAuto has teamed up with ForeverCar to offer vehicle service plans that can help save you money and provide peace of mind. Learn more and get a free quote online today.