If you are buying a used car, or if your original factory warranty is over, you may choose to purchase extended warranty for your car. The costs of the warranty rely on many different factors like the car’s make and model, age, mileage, and other added features such as a turbo/super-charged engine, power steering, diesel engine, and the number of cylinders.

The car’s history is also a big factor when determining the cost and eligibility for warranty coverage. Also important is whether the car was used on a commercial basis—meaning that the car was rented or used as a service—and if it was assembled or built from scratch, as well as its purpose with the previous owners.

Before you request a quote from a warranty company and warranty brokers, it is very important to know your car. It is a must to give accurate and complete information to the company about your car, considering all of the information they ask for will have a determining factor on the quoted price. Forgetting to mention certain aspects in your car, such as a newly repaired tire rod or a previous accident can guarantee that it will not be covered by the warranty.

The quote will also be influenced by the length of the warranty coverage. The more months and/or miles the policy covers, the more it will cost. Since all policies are written in terms of whichever comes first, you should look into your driving habits when choosing the right type of warranty. The first thing you should do is determine how much driving do you do. An average person will drive 15,000 a year; therefore if you want to protect your car for three years, you should get coverage for a minimum of 45,000 miles.

There are many places where you could buy a warranty, but only a few places where they will give you a good price. Before you sign a contract, you should shop around. Looking at different companies and policies will guarantee that you will get your money’s worth. You should only deal with companies that have a high customer rating. This will assure that you do not get taken advantage of.