Honda is one of the most popular vehicle manufacturers on the market. The company is well known for making some of the most reliable vehicles on the road. But even the most reliable automobiles aren’t immune from costly repairs, which can be a nightmare for vehicle owners.
Although Honda’s warranty provides comprehensive vehicle coverage for the first few years of ownership, the company won’t protect your investment in a few years down the line, when the warranty expires. This is when an extended warranty comes in.
Let’s take a closer look at how a Honda extended warranty can save you thousands of dollars on out-of-pocket repair costs.
How Much Does Each Honda Warranty Cost?
When it comes to vehicle warranties, there’s one question you need to be concerned with, and that’s how much it’s going to cost. Here’s what you can expect:
Base Honda Warranty
The basic Honda Care warranty provides comprehensive coverage for your new car. Every new Honda includes a three-year, 36,000-mile bumper-to-bumper warranty and a five-year, 50,000-mile powertrain warranty. There’s also a five-year, unlimited-mileage warranty against corrosion.
For certified preowned Hondas, the dealer provides a one-year, 12,000-mile bumper-to-bumper warranty and a seven-year, 100,000-mile limited powertrain warranty.
These warranties will help protect you from issues you experience with your vehicle when you first purchase it. These warranties are included in the price of your new Honda.
There are also a variety of additional Honda Care services you can add at the time of purchase to supplement your warranty. These supplemental warranties pay for scheduled maintenance during the warranty term, and their cost is rolled into your financing agreement with the dealer.
The basic Honda Care warranty is considered one of the best in the business while it’s in place, but with only three years of comprehensive coverage, your warranty will expire before you know it. This is where a premium extended warranty comes into play.
Premium Honda Extended Warranty
Although Hondas are considered very reliable and come with comprehensive warranties for the first few years of ownership, they won’t protect you from out-of-pocket repair costs that you’ll incur if your Honda breaks down after its warranty period has ended.
With a premium extended warranty, you’ll have peace of mind knowing that covered repairs will be paid for through your warranty with little to no out-of-pocket costs for you. These warranties come into play when your factory warranty has expired and at a time when your car is at higher risk for needing costly repairs.
Depending on the warranty coverage level you select, some or all the repairs you’d have to pay for will be covered by your Honda extended warranty. Although a few different plans are available, most Honda extended warranties provide bumper-to-bumper or powertrain coverage, protecting you from the most-common kinds of repairs you’ll run into as a Honda owner.
So how much is a Honda extended warranty? Unfortunately, there’s no one answer to this question, since each car is different. The model, age and mileage of your vehicle can have a significant impact on the price of Honda extended warranty plans. As a general rule, most extended warranties cost about $350 to $400 per year of coverage.
Common Out-of-Pocket Repairs with Honda Models
When that check-engine light comes on, most people head to their favorite repair shop and hope for the best, knowing that their mechanic’s diagnosis may cost them a huge chunk of money. When it comes to Hondas, there are a few common repairs that these vehicles seem to be susceptible to.
As Hondas age, the engine’s head gasket is often one of the first components to go, and it can be exceptionally costly to fix. With a Civic, this repair alone can run you more than $1,000. With an Accord, this repair may end up costing upward of $1,500.
A starter is also a common component that needs to be replaced on virtually any automobile, at some point. Although this repair is considered to be relatively minor, it can still cost upward of $500 to have your Honda’s starter replaced.
Timing belts are another common repair that can be fairly expensive, depending on your model. Some Hondas such as the Odyssey, for example, can regularly cost upward of $750 for a timing belt replacement. Although Honda’s sedans and coupes tend to be a little cheaper when it comes to a timing belt replacement, you can still expect to shell out about $500.
These repairs are all relatively common, and many Honda owners will deal with one, two or all these common issues over the life of their Honda. Then there are less-common repairs such as the replacement of an engine or transmission. These repairs can be exceptionally costly, often running well north of $2,000.
For some drivers, the cost of this level of repair often exceeds their car’s worth. At this point, the question becomes whether it makes more sense to even keep your car on the road or whether investing thousands of dollars into a new vehicle is a better option. With an extended warranty, these aren’t concerns you’ll need to worry about.
How a Honda Extended Warranty Can Protect You From Thousands of Dollars in Out-of-Pocket Repairs
As you can see, repairs for your Honda—or any automobile—can get extremely costly. As your vehicle ages and becomes more likely to need maintenance and repairs, the cost of maintaining your Honda could cost well upward of $1,000 a year.
Because there’s no way to anticipate when your Honda vehicle is going to need a costly repair, the best way to keep yourself protected from these out-of-pocket costs is to invest in a Honda extended warranty.
With a Honda extended warranty, you’ll have the peace of mind that comes with knowing that someone has your back when you step into a repair shop, knowing that all covered repairs will be paid with little or no out-of-pocket costs for you to worry about.