CARCHEX falls below the average annual cost of an extended warranty. The average annual cost of an extended auto warranty from CARCHEX is $5,195, or $433 a month.
CARCHEX can cost as little as $4,962 per year, or $346 a month. The higher-end warranties are approximately $5,770 per year, which is less expensive than offerings from autopom!, Concord, Toco, and Omega.
Keep in mind that costs are conditional on the type of car you drive. The year, make, and model drive the price of your warranty, as well as the plan you select. Compare quotes from multiple providers to ensure that you are getting the best coverage for the price.
How to Lower the CARCHEX Warranty Cost: Discounts
CARCHEX doesn’t offer a discount for students or military members. However, it regularly has a special on its website that will give you a discount. For example, in January 2023, use the code “GET400” to get started for $99 for the first month, and take $400 off the total warranty cost.
A 30-day money-back guarantee comes with all CARCHEX warranties. During this time, you can cancel the extended warranty and get a full refund. Keep in mind that you are still in the waiting period during this time, so you won’t be able to use the warranty to see how it works before the 30 days are expired.
You can cancel a warranty at any time during the contract. There is a $50 cancellation fee due upon cancellation. You will receive a prorated refund of any payments made less the $50 cancellation fee. You may cancel by calling 888-984-3941 or by using the online contact form at https://www.carchex.com/connect-with-us/cancellations/.