Toco Warranty Review: Pros and Cons

If this is your first extended auto warranty, there is a lot to consider, from checking the coverage plans to the trustworthiness of the company. Toco Warranty is trustworthy, positively reviewed by consumers, and affordable. Read on for more.

About Toco Warranty

Toco Warranty Corporation is headquartered in West Hills, California. It has been providing people with service contracts since 2013, and they are backed by AmTrust Financial Services.

They differ from extended warranty companies because no upfront payment is required, meaning you'll have a low upfront payment. However, you'll instead be paying a monthly bill. They do not serve all 50 states; Alaska, Washington, and Missouri are not included. If you are a California resident, it is recommended that you read Toco's mechanical breakdown insurance instead of their extended warranty coverage.

The Better Business Bureau, or BBB, has accredited Toco Auto with an A+ rating. They hold a 4.48 out of 5-star rating from over 100 reviews, and any customer complaints they receive are addressed quickly.
 

Toco Warranty Coverage

They offer four plans based on the odometer of your vehicle; when you get a contract, it will state exactly what your plan covers; the following provides an overview of what each plan covers.
 

The Orange Plan

This plan works best for vehicles up to five years old that have under 60,000 miles on them.

The plan is exclusionary, which means they list the parts that are not covered by the contract in the exclusion section.

The plan covers the vehicle's:

• Engine
• Transmission
• Drive axle
• 4x4 transfer case
• Turbo
• hybrid vehicle option
• Electrical
• Cooling system
• Air conditioning
• Fuel system
• Brakes and steering
• Suspension
• High-tech electronic devices
• Technology Package
• Modern features package
   

The Yellow Plan

This plan covers vehicles up to ten years old with an odometer reading under 100,000 miles. They offer listed-parts coverage, which means your contract lists the parts that are covered, the ones that aren't, and other exceptions on which different situations can be covered or not.

The plan covers the vehicle's:

• Engine
• Transmission
• Drive axle
• 4x4 transfer case 
• Turbo
• Hybrid vehicle option
• Electrical
• Cooling system
• Air conditioning
• Fuel system
• Brakes and steering
• Suspension
• Electronic high tech
• Technology Package
• Modern features package
   

The Blue Plan

This plan is for vehicles up to 20 years old with under 175,000 miles. This plan also includes listed-parts coverage; you'll have to go through the schedule of coverage section of the contract to check all the parts that are covered in your plan.

The plan covers the vehicle's:

• Transmission
• Engine
• Drive Axle
• 4x4 Transfer Case
• Turbo/Supercharger
• Hybrid Vehicle Option
• Electrical
• Cooling System
• Air Conditioning
• Fuel System
   

The Green Plan

The Green Plan is for vehicles up to ten years old with less than 100,000 miles. This is listed-parts coverage that offers enhanced powertrain coverage for a number of essential components.

The plan covers the vehicle's:

• Transmission
• Drive Axle
• 4x4 Transfer Case
• Turbo/Supercharger
• Hybrid Vehicle Option
   

What's not covered? 

While their plans are comprehensive, they do not cover everything. These factors are not covered under any plan:

• Any pre-existing condition
• Any breakdown caused by negligence and misuse
• Any car accident, regardless of the cause,
• any customized parts
• Any damage or alterations to the odometer
• Any wear or tear
• Any breakdowns or repairs made outside the U.S. and Canada
• If the vehicle is used for towing
   

To be specific, there is no coverage for:

• Maintenance parts such as spark plugs and brake pads
• Carburetor
• Battery and battery cable or harness
• Standard transmission clutch assembly
• Friction clutch disc and pressure plate
• Distributor cap and rotor
• Safety restraint systems
• Glass, lenses, sealed beams, and light bulbs
• Fuses and circuit breakers
• Cellular phones, TV/VCR/DVD players, and game centers
• Speakers
• AM/FM radio/cassette/CD players exceeding $3000 repair or replacement costs
• Remote control consoles and radar detection devices
• Brake rotors and drums
• Shocks and struts
• All exhaust components
• The following emission components: EGR purge valves, solenoids, and sensors, a vacuum canister, a vapor return canister, and vapor return lines and valves, Air pump/lines/valves, Catalytic converter/filtering/sensors, Emission vapor sensors
• Gas cap/filler neck
• Weatherstrips, trim, and moldings
• Bright metal and chrome
• Upholstery and carpet
• Paint and outside ornamentation
• Bumpers, body sheet metal, and panels
• Frame and structural body parts
• Vinyl and convertible tops
• Any convertible top assemblies, hardware, or linkages
• Tires, wheels, and rims
• External nuts, bolts, and fasteners
   

Limits of liability

Toco Warranty has a limit on its liability throughout your contract; there will be a maximum amount of money set that limits how much they can pay per repair visit or in total.

• The liability cannot exceed the trade-in value of your vehicle.
• All the claims and benefits paid cannot exceed $15,000 in total.
   

Extra benefits

• Roadside assistance
• Rental car reimbursement
• Trip interruption benefits
• Hotel discounts
   

Toco Warranty Cost

The average cost of the Toco Warranty is $2,800, meaning you pay about $230 per month. The average costs are calculated by factoring in the vehicle's make, year, and model. Their monthly payments are affordable with the pay-as-you-go option; this makes their plans more flexible compared to other auto warranty providers. Plus, there are no down payments.
 

Can I cancel my Toco Warranty contract?

Toco Warranty has a refund policy, but it only gives you 60 days to decide if you are satisfied with the coverage. During that timeframe, if you decide to cancel it and you haven't filed a claim, you'll get a full refund. However, after 60 days, your refund will be prorated and will be subject to a $50 administration fee.
 

Can I transfer my Toco Warranty contract?

You don't need to get a new extended warranty plan if you buy a used vehicle that has a Toco Warranty; the coverage can be transferred. However, you will need to start gathering some documentation to start the process and pay a transfer fee.
 

Toco Warranty Customer Support

You can contact Toco customer support by calling their toll-free number, +1-855-298-8626, during their business hours.

Customer service hours:
Monday-Friday, 9:30 a.m.-5:00 p.m.

If you prefer to reach them by email, you can contact them at [email protected] Or you can submit a quote request form.
 

Conclusion

Toco Warranty is an excellent choice if this is your first extended auto warranty purchase. There is no down payment, and the monthly payments are affordable, easily fitting into your budget. Customer support is quick to reach out if you have any complaints; this is evident by the fact that they respond to most reviews, whether they are positive or negative, on the BBB website. While their plans are standard, they are comprehensive, and you get to choose any repair shop.