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Should I buy a Genesis warranty extension?

nicad 09/12/2021 769

Genesis offers an extended warranty, known as Genesis Protection Plan vehicle maintenance contracts. P>

The Genesis Extended Warranty provides coverage for up to a total of 10 years from the in-service date of your vehicle.

You can find more coverage options and longer contract lengths with a top third-party extended warranty provider.

Genesis vehicles are backed by one of the longest factory warranties in the industry. But is it worth extending that coverage with a Genesis Extended Warranty?

In this article, we'll look at the ins and outs of the Genesis Extended Warranty, including coverage details, exclusions, and contract durations. We will also discuss some of the best third-party alternatives for extended Genesis protection.

Our team reviewed the best extended car warranty companies, looking at factors like coverage, cost, industry reputation, and more. . Click below to start comparing free, custom quotes from our top recommended providers.

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

Introducing the Genesis Extended Warranty

Genesis Extended Warranty Exceptions & Exclusions

Do you need an extended warranty?

Genesis Extended Warranty Cost

Benefits of a Third-Party Extended Warranty

Genesis Extended Warranty Overview

The Genesis Extended Warranty can provide increased coverage for up to 10 years from your car's in-service date. This warranty extends the Genesis New Vehicle Limited Warranty and must be purchased before your factory warranty expires. Genesis also offers two maintenance plans, Prepaid Scheduled Maintenance Plus and Term Protection Plus.

Genesis Extended Warranty

Cover conditions

Vehicle maintenance contract

10 years/120,000 miles

Prepaid Scheduled Maintenance Plus

up to 5 years/75,000 miles

Conditions of protection More< /p>

up to 4 years/60,000 miles

The Genesis Vehicle Service Agreement is a bumper-to-bumper plan that will pay to repair or replace the majority of Genesis parts, such as:< /p>

Shocks

fuel system

Braking system

steering system

Electrical systems

Air conditioning system

Front and rear suspension

Navigation, audio and high-tech parts

Powertrain (engine, transmission, drive axles)

In addition to covering your vehicle's major parts and systems, all Genesis extended warranties include the following benefits when your vehicle breaks down or needs a covered repair:

Towing

24/7 roadside assistance

Re reimbursement of the car up to $35 per day for 10 days

Trip interruption coverage up to $200 per day for 5 days

Additionally, if you purchase a plan and end up selling your vehicle to an individual buyer before your coverage expires, the Genesis Extended Warranty may be transferred to the new owner.

Genesis Extended Warranty Exceptions & Exclusions

The Genesis Extended Warranty covers most vehicle parts, with exclusions for the following parts and conditions:

Appearance elements like trim and upholstery

Wear-and-tear items such as brake pads, fuses and bulbs

Damage caused by lack of maintenance or a pre-existing condition

Accidents caused by collision, accidents, theft, bad weather, animals or vandalism< /p>

Remember, to use your Genesis Extended Warranty, you must take your car to a Hyundai or Genesis dealership for repair. In addition, to keep your coverage valid, you will need to maintain your vehicle according to the factory recommended maintenance schedule at your expense. This is a standard stipulation for extended warranties.

Do you need extended warranty coverage?

New Genesis vehicles include one of the longest factory warranties in the industry, which means extended warranty protection may not provide value for a number of years. The Genesis warranty includes:

5-year/60,000-mile bumper-to-bumper warranty

A 10-year/100,000-mile powertrain warranty

Pre-Certified Genesis Owned (CPO) vehicles are backed by a six-year/75,000-mile bumper-to-bumper warranty and whatever remains of the original 10-year powertrain warranty.

However, for older Genesis vehicles, extended warranty coverage may be worth it, as the likelihood of an electrical or mechanical malfunction increases as your vehicle ages. If you plan on owning your car for a long time, a Genesis Extended Warranty may be a good idea.

Two things to consider when deciding whether to purchase extended warranty coverage are vehicle reliability and how long you plan to keep it. keep your car. A vehicle that is particularly reliable or that you intend to sell before the expiration of the manufacturer's warranty will not necessarily qualify for Genesis extended warranty coverage.

To review Genesis vehicle reliability, we trust RepairPal, a site that compares brand reliability based on driver-reported data, such as average annual repair costs and frequency of unscheduled repairs.

Genesis is the relatively new luxury division of Hyundai Motor Company. Because it's so new, RepairPal hasn't yet collected enough data to earn a reliability score. However, it does give reliability ratings to parent company Hyundai, which can be a good indication of how reliable Genesis is.

Overall, Hyundai has a RepairPal reliability rating of 4.0 out of 5.0 stars and ranks fourth out of 32 brands for reliability. Other reliability scores are shown in the table below.

Average Hyundai

Industry average

Average annual repair cost

$468

$652

Average visits per year to the repair shop

0.3visit per year

0.4visit per year

Probability of needing a serious repair*

10%

12%

*RepairPal defines a “severe” repair as any repair that costs more than three times the average annual repair cost for all models.

Hyundai scores very well in terms of reliability. Of course, Hyundai is not the same as Genesis. Before going into its own brand, Hyundai made a Genesis model. According to RepairPal, the average annual repair cost for a Hyundai Genesis is $565 per year. That's a bit higher than the Hyundai average but still below the average for all brands.

In the 2020 JD Power U.S. Vehicle Reliability Study

SM, Genesis ranked first among the 32 brands surveyed. Genesis vehicles had the lowest number of issues per 100 vehicles - just 89, well below the industry average of 134.

With such high reliability ratings and a long manufacturer's warranty, most drivers are unlikely to need to purchase a Genesis extended warranty. However, if you plan to own your Genesis for a long time and want peace of mind, an extended warranty may be worth it for the right price.

Genesis Extended Warranty Cost

Like most manufacturers, Genesis does not advertise pricing on its website. This is likely because the cost of a Genesis warranty extension varies from vehicle to vehicle and depends on factors such as:

Your financing conditions

The franchise you choose

The warranty period you choose

The cost of your Genesis Extended Warranty is likely to be negotiable at the dealership.

Benefits of a Third-Party Extended Warranty

If you are interested in a warranty extension but your vehicle's original factory warranty has already expired, you will not be able to purchase a Genesis warranty extension from the dealership. However, you can purchase a vehicle maintenance contract from a third-party provider at any time.

Even if your Genesis is still eligible for a manufacturer's warranty extension, a third-party plan might still be the superior option. You'll need to compare cost and coverage options based on your individual offerings to be sure, but generally third-party vehicle maintenance contracts have the following advantages over extended manufacturer warranties:

Often cheaper

May cover older vehicles

Offers longer coverage times

Offers more coverage options

Can be purchased at any time

Are accepted within a larger repair network

Offer several franchise and financing options

For your Genesis extended warranty needs, we recommend you check out three of our top-rated vendors: Endurance, CARCHEX, and CarShield. These companies stood out in our industry-wide review for their customer service, high-quality coverage, and affordability. You can see how much a warranty from each vendor would cost you by requesting free quotes below. If you can't decide between these providers, read our Carshield vs. Endurance, CARCHEX vs. CarShield and Endurance vs. CARCHEX.

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

Stamina

CARCHEX

Select Auto Protect

Get a quote

Get a quote

Get a quote p>

(866) 990-3410

(866) 950-7122

(860) 294-4933 p>div>


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