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7-year Extended Warranty Quote

1672 Views 8 Replies 9 Participants Last post by  Drdos
Received a quote from my dealer for $3,432 (payable over 24 mos.) for 7 years of covering all repairs to my 2019 Premier Volt except for things having to do with brakes, tires, batteries, or anything covered by my regular insurance policy. Warranty coverage provided by Zurich. Any advice?

Thanks, Gary B.
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I bought a GMEPP 48M/40K mile ZERO deductible for $1450 from a dealer on the Corvette Forum for my 2017 last month. I perfer the GM branded warranties, but that's me.
 

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Received a quote from my dealer for $3,432 (payable over 24 mos.) for 7 years of covering all repairs to my 2019 Premier Volt except for things having to do with brakes, tires, batteries, or anything covered by my regular insurance policy. Warranty coverage provided by Zurich. Any advice?

Thanks, Gary B.
They are generally a waste of money...
 

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When I purchased my 2011 Volt I was interested in the GM Protection Plan because of its coverage and ease of use. I don't know if it still applies but at that time any GM dealer could sell you a GMPP policy, and the costs they quoted varied a lot. I ended up purchasing a policy from a Cadillac dealer in New York, it showed up on my service record at my local Chevy dealer but happily I never had any serious issues with my Volt.
 

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Received a quote from my dealer for $3,432 (payable over 24 mos.) for 7 years of covering all repairs to my 2019 Premier Volt except for things having to do with brakes, tires, batteries, or anything covered by my regular insurance policy. Warranty coverage provided by Zurich. Any advice?

Thanks, Gary B.
The most important item on the Volt and most expensive item to replace is the traction battery. You get 8 years/100K miles warranty on that already. Then you also get 3 year/36K bumper to bumper, 5 year/60K miles on the powertrain.

I assume that the 7 year extended is from your purchase date, not from the dates that the built-in warranties expire. So you're only getting an extra 2 years on the power train, 4 years on the basic, and nothing on the traction battery warranty. Doesn't seem like a good deal to me.
 

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Edmonds estimates that you'll spend $711 for repairs in the first 5 years. Double the year 5 value (361) for year 6, and double it again for year 7, and you'll still have spent less than $2900. Put the $3400 in a bank account and withdraw from it when you need to pay for a repair. You'll likely have money left over after seven years.
 

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I know a lot of people feel that extended warranties are a waste of money but I think the piece of mind is worth it.

With my '17 Volt, I purchased an extended service plan from the dealer (GMEPP) for around $1500 that basically doubled the bumper to bumper warranty from 3/36 to 6/72. As someone who puts about 16,000 miles a year on the car, I knew I'd be over the factory warranty based on the mileage way too soon.

Glad I purchased it because right after the 3/36 expired, I had two door lock actuators fail at the same time (a third previously failed but was replaced under warranty). The repair of the two actuators plus some software updates (backfire fix, etc...) pretty much justified the cost of the extended warranty.
 

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Gary, I got my new 2018 Volt Premier in July 2019, when I picked the car up I purchased a 100k 10-year bumper to bumper warranty for $1,500 directly from the Chevy dealer. Maintenance items like brakes, tires, etc are not covered.
 
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