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Toyota Extended Warranty Cost (2021)

nicad 12/11/2021 1817

Toyota's extended warranty provides up to 10 years of vehicle protection.

Customers report paying between $1,500 and $2,500 for an extended warranty from Toyota.

The Toyota factory warranty provides 3 years/36,000 miles of bumper-to-bumper warranty coverage and 5 years/60,000 miles of powertrain warranty coverage.

When you buy a Toyota from the dealership, you may be offered a Toyota extended warranty. But how much does a Toyota extended warranty cost, and is the coverage worth the price?

An extended warranty can protect your wallet against potentially expensive repairs down the road, but if the price of coverage is too high, you're better off saving up for the cost of repairs yourself. In this article, we'll explain the average Toyota extended warranty cost by looking at what customers said they paid for their contracts. We'll also explain what coverage is included with each new Toyota and other extended warranty coverage options.

Since extended warranty costs depend on many factors, the only way to know how much you'll pay is to request a custom quote. It's also a good idea to compare the prices of independent coverage providers when getting a quote from a manufacturer. You can start getting free quotes from some of the best car warranty extension companies below.

Featured warranty extension companies

We've reviewed the best car warranty extension providers in the industry, and here are our top picks.

Best overall

Best for used cars

Low cost plans

Endurance

CARCHEX< /p>

Select Auto Protect

Get a quote

Get a quote

Get a quote

(866) 990-3410< /p>

(866) 950-7122

(860) 294-4933

How much does a Toyota extended warranty cost?

Toyota Factory Warranty

Is a Toyota warranty extension worth it?

How to Buy a Toyota Extended Warranty

Top Recommendations for Automobile Warranty Extensions

CARCHEX: the best for used cars

CarShield: the most affordable

How much does a Toyota extended warranty cost?

The cost of your Toyota car warranty extension will depend on your vehicle model, age and mileage. Based on online customer reports, you can expect to pay between $1,500 and $2,500 for eight years of Platinum protection, which is Toyota's most comprehensive extended warranty. The low end of this figure is a bargain for an extended warranty, while the high end is average for a manufacturer's extended warranty.

Generally, the sooner you purchase an extended car warranty, the cheaper it is. will be. However, new Toyotas are already covered by the manufacturer's warranty for 3 years/36,000 miles, so an extended warranty will not provide any value until that coverage expires.

The protection plan, coverage period and deductible will also affect the final price. There are three Toyota Vehicle Service Agreements to choose from, with terms up to 10 years/120,000 miles. Here's an overview of Toyota's extended coverage options, also known as Vehicle Maintenance Agreements:

Platinum: highest level of coverage that includes the majority of vehicle components and is most similar to new vehicle coverage

Gold: Covers many vehicle components beyond the powertrain, including air conditioning and brakes, but is not as comprehensive as the Platinum Vehicle Protection Plan

Powertrain: Provides powertrain protection for the engine, transmission and drive axle, and related components

Finally, the average Toyota Extended Warranty cost may differ from dealer to dealer. To find out how much a Toyota warranty extension will cost you, you will need to contact your local Toyota dealer. In most cases, you will need to purchase this warranty when you purchase your vehicle or before the Toyota New Car Warranty expires (3 years/36,000 miles).

Toyota Factory Warranty

When deciding if the Toyota Extended Warranty cost is worth it, consider that every Toyota comes with a factory warranty. Even used cars can still be covered. If you don't plan on owning your Toyota for longer than the factory warranty coverage, you probably don't need an extended warranty.

The Toyota warranty is included at no additional cost with any new Toyota and is transferred to subsequent owners if coverage is still valid when a vehicle is sold. She understands:

3-year/36,000-mile base warranty: Covers most vehicle components, minus a short list of exclusions

5-Year/60,000-Mile Powertrain Warranty: Covers powertrain components like engine, transmission and drivetrain

5-year/60,000-mile Restraint System Warranty: Covers restraint system parts like seat belts and latches

5years/unlimited miles Corrosion Warranty: Will replace sheet metal body parts if they corrode or rust. vehicle reliability and Toyota maintenance costs. Overall, Toyotas are known for their reliability. RepairPal ranks the brand eighth out of 32 manufacturers for reliability. According to data from RepairPal users, the average annual cost of maintaining and repairing Toyotas is $441 per year.

A Toyota extended warranty can provide peace of mind knowing that certain repairs will be covered. While you shouldn't expect a major part failure as long as you keep your vehicle well-maintained (a condition of most extended warranty contracts), such a disaster isn't impossible. Extended warranties have saved many customers thousands in repairs.

Plus, all of Toyota's extended warranty plans come with benefits to supplement coverage in the event of a mechanical breakdown. These include:

Roadside assistance and towing services

Trip interruption coverage if you break down away from home

Reimbursement of the rental car while your vehicle is in repair shop

That said, the cost of an extended warranty is unlikely to exceed the cost of covered repairs or these additional services. If you can afford it, you might be better off saving on the cost of repairs yourself.

How to Buy a Toyota Extended Warranty

If you choose to purchase an extended warranty, you can purchase it from your local Toyota dealership or from an independent supplier. Toyota extended warranties must be purchased from a dealership, while third-party alternatives can be purchased online. You can use the tool below to get free quotes from top rated warranty companies.

Featured Extended Warranty Companies

We've reviewed the best extended car warranty providers in the industry, and here are our featured picks.

Best Overall

Best for used cars

Low cost plans

Endurance

CARCHEX

Select Auto Protect

Get a quote

Get a quote

Get a quote

(866) 990-3410

(866) 950-7122

(860) 294-4933

Top Recommendations for Automobile Warranty Extensions

Independent extended warranty providers generally offer longer lengths of coverage than manufacturers. Dealership warranties may also include price markups and mandate that all repairs be done at the dealership only, while third-party companies have more competitive prices and allow you to use the certified repair shop of your choice.

Two extension warranty providers we recommend are CARCHEX and CarShield. Learn more about these companies below or compare them directly in our CARCHEX vs. CarShield.

CARCHEX: the best for used cars

CARCHEX offers vehicle maintenance contracts that cover your car for up to 250,000 miles. There are five CARCHEX contracts, each offering a different level of component coverage. Some plans are designed specifically for older vehicles. CARCHEX even has endorsements from industry leaders like CARFAX, Kelley Blue Book, and Edmunds.com.

We contacted CARCHEX for several extended warranty quotes to give you an idea of ​​CARCHEX warranty costs. Of course, your own rates may vary depending on your vehicle and state. Each quote below comes with a $100 deductible per repair.

Vehicle

Vehicle mileage

CARCHEX Guarantee Plan

Duration of term

p>

Monthly payment

Deposit

2018 Toyota Camry

28,000 miles

Titanium (exclusive coverage)

5years/100000miles

$136.17 for 18 months

First month payment

2013 Honda Accord

90000miles< /p>

Silver (powertrain coverage)

5years/75000miles

$116.09 for 24 months

First month payment

For more, read our full CARCHEX review. Or, get your own free CARCHEX quote by clicking below.

Best for used cars

Get a quote

(866) 950-7122

< p>Top-rated provider with unparalleled customer service and affordable coverage

CarShield: the most affordable

There are six CarShield extended warranty plans, including a contract for motorcycles and ATVs. CarShield has been featured on CNN, HGTV, ESPN and TBS, and it has a high rating on Trustpilot - 4.1 stars out of 5.0 based on over 18,000 reviews.

When we contacted CarShield for Secret Customer Quotes, we were offered some of the lowest monthly rates we've seen. See the table below to get an idea of ​​CarShield contract costs, but keep in mind that your own rates may vary. The quotes we received included a $100 deductible.

Vehicle

Vehicle mileage

CarShield Warranty Plan

Duration of term

Monthly payment

Deposit

2018 Toyota Camry

28,000 miles

Diamond (exclusive coverage)

< p>5years/100000miles

$83.28 per month for 18 months

First month payment

2013 Honda Accord

90000miles< /p>

Gold (powertrain cover)

Unlimited

$99.99 per month

First month payment

Learn more in our full CarShield review, or see how much a CarShield warranty could cost for your Toyota by clicking below.

The most affordable

Get a quote

(877) 265-5123

Well-known provider with wide coverage and favorable price


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