How Much Does a Jeep Extended Warranty Cost?
A Jeep extended warranty covers the cost of repairs and replacements in the vehicle after the manufacturer’s warranty has expired. An extended warranty for a Jeep often goes beyond the basic limited warranty of 3 years/36,000 mile warranty that provides bumper to bumper coverage. With a Jeep extended warranty, the owner is provided with benefits in the event of aftermarket vehicle failure.
How much does it cost?
- On average, most Jeep extended warranties are going to be around $1,1000 to as much as $2,700 for a policy. Popular policies, such as the 12-year/120,000 warranty can cost around $1,800, for example.
- According to DiscountWarranties.com, a Jeep extended warranty can cost between $800 to $1,400 for a 36-month plan coverage. The rate may vary depending on options such as the $0 deductible.
- According to MyNewCarPurchase.com, the cost of an extended warranty should be somewhere between $800 and $1,120. Typically, the manufacturer sells the warranty to the dealer for 2.3% to 3.5% of the vehicle’s MSRP. However, dealers often sell the warranty for 60% more, bringing the extended warranty costs between $1,280 and $1,760.
- On JeepForum.com, a user stated that he paid around $1,800 for his Jeep warranty that lasted up to 12 years. Another claimed that he paid $1,480 for a 7-year, 100,000 mile warranty.
What is going to be included?
- The need for an extended warranty for a Jeep depends on a number of factors. These include: the age and mileage of the vehicle; the reliability record of the model; miles you drive; risk tolerance; financial ability for unexpected repairs; and how long you intend to own the vehicle.
- Depending on the package chosen, warranties will cover the engine, transmission, steering, air conditioning, suspension, electrical, brakes and anything power related. Again, every package will cover different parts of the car, so it is best to make sure that you read the fine print to know what is going to be covered and how to make a claim.
- A Jeep extended warranty is usually offered by the manufacturer and often sold through the dealership, which is also referred to as aftermarket extended warranty. The warranty may come with stipulations stating that services should only be performed at authorized repair facilities or at a dealership.
- Chrysler offers three types of coverage packages that cover the basic powertrain, while the other two add in premium options.
- Most warranties will come with a deductible that has to be satisfied, which is usually less than $100. Warranties can last anywhere from 36 months to the lifetime of the car.
What are the extra costs?
- Some premium add-ons, such as the MultiShield protection plan, can cost upwards of $500. Something like this can protect the cosmetic portion of the car, such as the paint, dings, scratches, etc.
- If the Jeep has 4-wheel drive, if it is an older model, or if it has a lot of miles, the price can be higher.
- If a rental car is required when the car is in the shop, a warranty can provide one for as little as $30 or more a day.
Tips to know:
- Regardless of where you buy a Jeep extended warranty, always make sure to read the fine print. Be aware of the items covered and those that are not.
- Consider choosing a plan from an authorized vendor of Chrysler Service Contracts that allows you to take your Jeep into any dealership wherever you may be. Such providers offer similar coverage to clients no matter where they purchase the plan.
- Check with your insurance company regarding whether or not they provide extended warranty. If it satisfies your mileage and time requirements, provides coverage for a number of repairs and replacements, and pays for vehicle repairs before you take it home, and is not too costly, consider purchasing the plan. Most often, doing so is a sensible choice.
- Want an official quote? Visit Chryslerwarrantys.com for your quote.
- Purchasing an extended warranty is always a gamble. You may spend the money for it and never use it, meaning that you have paid for nothing and wasted your money. However, if you do not purchase it and then have car troubles, you may be paying a lot more.
How can I save money?
- One way to obtain a good deal on an extended service contract is by looking for top-rated warranty plan providers. These third-party services, such as Extended Car Warranties, usually provide protection at lower rates than store-brand warranties.
- Never pay for a Jeep extended warranty that costs 20% more than the purchase price of the vehicle. There is no standard price for extended warranties, so it is best to negotiate your way to a suitable price for you.
- Purchase a Jeep extended warranty before the manufacturer’s warranty expires. The earlier you buy extended plan coverage, the less it will cost you.
- Do not be afraid to haggle! There is actually some wiggle room when dealing with the dealership.
- If you cannot afford the payment up front, consider signing up with a financing plan.