Auto Warranty
Top Companies in 2024
CARCHEX vs Penn Warranty Corporation
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- Relationship with multiple VSC
- Trip interruption reimbursement
- Flexibility of warranty options
- Refund upon contract cancellation
- Choose your own repair shop
- Nationwide coverage
- 24/7 customer support
- Roadside assistance
- Rental car reimbursement
- Does not cover all cars
- May be more expensive than others
- They are brokers, not administrators
- Information on plans not available on website
- Contract terms are not transparent
- Complicated claims process
CARCHEX boasts a great reputation and excellent customer service, among their many advantages. CARCHEX has been helping people protect their vehicles since 2004. They have an A+ rating from the Better Business Bureau and have been consistently ranked as one of the best extended warranty companies in the industry. If you own a vehicle with high mileage, CARCHEX is an especially good option for you.
Penn Warranty Corporation is known for their commitment to customer service and providing reliable coverage options. They offer different plans to accommodate varying needs and budgets, allowing customers to choose the level of coverage that suits them best. Like other companies in the extended auto warranty industry, Penn Warranty aims to assist drivers in managing and mitigating the financial impact of unexpected vehicle repairs. They are an extended auto warranty company that has been in business for over 30 years. They offer a variety of plans to fit most budgets.
They are backed by an A-rated insurer, but they have a complicated claim process. They have received numerous conflicting reviews, ranging from positive to negative, with most customers expressing dissatisfaction with their experiences. According to some of the good reviews, customers appreciate the lower cost, the option to choose their own repair business, and roadside help. The negative feedback, on the other hand, varied from restricted coverage and bad customer service to customers believing their contracts were dishonest.
- BBB Rating : A+
- Cancelation Option : Available
- Maintenance Coverage : Unavailable
- Money-Back Guarantee : Yes
- Number of Plans Available : 5
- Repair Shop Choice : Yes
- Term Limits : Up to 10 years
- Waiting Period : 30 days
- Operating Status : Active
- Business Started : 1999
- Online Quote : True
- BBB Rating : A+
- Cancelation Option : Available
- Maintenance Coverage : Undisclosed
- Money-Back Guarantee : Undisclosed
- Number of Plans Available : 5
- Repair Shop Choice : Yes
- Term Limits : Undisclosed
- Waiting Period : 30 Days
- Operating Status : Active
- Business Started : 1988
- Online Quote : False
- Services backed by industry standard-bearers like Kelley Blue Book, CARFAX, RepairPal, and Edmunds.com
- Covers cars with up to 250,000 miles on them
- Choose your own repair shop
- Trip interruption reimbursement
- Available in California and all states
- Long contract terms of up to 10 years
- Offers coverage for new, remanufactured, aftermarket, and sometimes used parts, depending on their cost and availability
- Phone
- FAQs
- Help Guides
- Live Chat
- Mobile Application
- Ticket
- Phone
- FAQs
- Help Guides—Undisclosed
- Live Chat—Undisclosed
- Mobile Application—Undisclosed
- Ticket
- Major Credit Cards
- Major Debit Cards
- Cash
- Check—Undisclosed
- ACH Transactions
- PayPal
- Apple Pay
- Google Pay
- Money Order
- Wire Transfer
- *Not all payment methods are available in all states
- *Some payment methods may incur additional fees
- Major Credit Cards
- Major Debit Cards
- Cash
- Check
- ACH Transactions—Undisclosed
- PayPal
- Apple Pay—Undisclosed
- Google Pay—Undisclosed
- Money Order—Undisclosed
- Wire Transfer—Undisclosed
- *Not all payment methods are available in all states
- *Some payment methods may incur additional fees
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