Best Car Warranties of 2024

The top car warranties for 2024 include Hyundai, Kia, Genesis, and Mitsubishi, all offering robust coverage that stands out in the automotive market.

When it comes to car ownership, one of the most critical decisions you'll make is whether to invest in a warranty. Did you know that nearly one in three drivers experience a mechanical breakdown each year? This startling statistic underscores the importance of having a solid warranty plan in place. In 2024, the best car warranties offer extensive coverage, peace of mind, and protection against unexpected repair costs.

Understanding Car Warranties

Car warranties are essentially contracts between you and the manufacturer or a third-party provider that cover certain repairs and services for your vehicle for a defined period or mileage. Choosing the right warranty can help maximize your car's value by ensuring it remains in excellent condition throughout its lifespan.

Key Types of Car Warranties

Basic or Bumper-to-Bumper Warranty: Commonly lasts 3 years or 36,000 miles, covering nearly all parts except for regular wear items (tires, brakes, etc.).

Powertrain Warranty: Often lasts 5-10 years or 60,000-100,000 miles, covering essential components like the engine, transmission, and drivetrain.

Corrosion Warranty: Typically 5-12 years, protecting the car from rust that could cause holes in the body panels.

Roadside Assistance: Usually offered for 3-5 years, providing services such as towing, fuel delivery, and battery jump-starts.

Emissions Warranty: Required by U.S. law, covers specific emissions-related parts for up to 8 years or 80,000 miles.

Extended Warranty: Optional coverage purchased separately to extend protection beyond the manufacturer's warranty.

Top Car Warranties of 2024

When searching for the best new car warranty, several automakers stand out for their extensive coverage and customer satisfaction that are available this year:

Best Warranties

These automakers offer the most comprehensive coverage, exceeding typical industry standards in both bumper-to-bumper and powertrain protection.

1. Fisker

• Bumper-to-Bumper & Roadside Assistance: 6 years or 60,000 miles
• Powertrain & Battery: 10 years or 100,000 miles, covering at least 75% battery capacity retention

2. Hyundai, Genesis, Kia

• Bumper-to-Bumper: 5 years or 60,000 miles
• Powertrain: 10 years or 100,000 miles
• Roadside Assistance: 5 years with unlimited mileage (60,000 miles for Kia)
• EV & Hybrid Components: 10 years or 100,000 miles, with 70% battery capacity retention

3. Mitsubishi

• Bumper-to-Bumper: 5 years or 60,000 miles
• Powertrain: 10 years or 100,000 miles
• Roadside Assistance: 5 years with no mileage cap
• Outlander Plug-in Hybrid: Includes powertrain and drive battery coverage, though without battery capacity guarantees

4. Rivian

• Bumper-to-Bumper & Roadside Assistance: 5 years or 60,000 miles (4 years or 50,000 miles for non-quad-motor variants)
• Powertrain & Battery: 8 years or 175,000 miles (quad-motor); 8 years or 150,000 miles (dual-motor); 8 years or 120,000 miles (Standard battery), all with at least 70% capacity retention

Above-Average Warranties

These warranties offer strong coverage in one or more categories, just shy of the best in the industry.

1. Acura

• Bumper-to-Bumper & Roadside Assistance: 4 years or 50,000 miles
• Powertrain: 6 years or 70,000 miles
• EV Battery: 8 years or 100,000 miles (ZDX EV)

2. Cadillac

• Bumper-to-Bumper: 4 years or 50,000 miles
• Powertrain & Roadside Assistance: 6 years or 70,000 miles
• EV Battery: 8 years or 100,000 miles with 75% battery retention

3. Jaguar

• Bumper-to-Bumper, Powertrain & Roadside Assistance: 5 years or 60,000 miles
• EV Battery: 8 years or 100,000 miles, with 70% battery retention

4. Lexus

• Bumper-to-Bumper: 4 years or 50,000 miles
• Powertrain: 6 years or 70,000 miles
• Hybrid Components: 8 years or 100,000 miles
• Hybrid Batteries: 10 years or 150,000 miles
• Roadside Assistance: 4 years with no mileage cap (first owner only)

Industry-Average Warranties

These brands offer standard coverage—sufficient for most, but not particularly exceptional.

1. BMW, Audi, Mercedes-Benz, Volvo

• Bumper-to-Bumper & Powertrain: 4 years or 50,000 miles
• Roadside Assistance: 4 years with no mileage cap
• EV & Hybrid Batteries: 8 years or 100,000 miles (battery retention specifics vary)

2. Chevrolet, Ford, Honda

• Bumper-to-Bumper: 3 years or 36,000 miles
• Powertrain: 5 years or 60,000 miles
• EV/Hybrid Battery: 8 years or 100,000 miles

3. Subaru

• Bumper-to-Bumper & Roadside Assistance: 3 years or 36,000 miles
• Powertrain: 5 years or 60,000 miles
• Hybrid & EV Components: 8 years or 100,000 miles with at least 70% battery capacity retention

Best Extended Warranty Providers

If you're considering an extended warranty to protect your investment further, several third-party providers excel in this area.

1. Endurance

Endurance is known for its extensive coverage options tailored to individual needs.

• Coverage Options: Multiple plans ranging from basic powertrain protection to comprehensive bumper-to-bumper coverage.
• Claims Processing: Fast and efficient claims processing ensures minimal downtime.

Endurance is often highlighted as one of the best providers for extended warranties due to its flexibility and customer service excellence.

2. CARCHEX

CARCHEX specializes in providing flexible plans that cater specifically to high-mileage vehicles.

• Coverage Options: Various plans designed to meet different needs based on vehicle age and mileage.
• Customer Service: Highly rated customer service that assists with claims and questions.

CARCHEX is recommended for its adaptability and comprehensive options that cater to older or higher-mileage vehicles.

Electric Vehicle (EVs) Warranties

As electric cars gain popularity, specific warranties have become essential for EV owners.

1. Tesla

Tesla offers some of the longest warranties in the industry, appealing to those concerned about battery performance over time.

• Battery Warranty: Up to 150,000 miles depending on the model.
• Powertrain Coverage: Comprehensive coverage that includes all major components.

Tesla's commitment to long-term reliability makes it a standout choice for EV owners looking for peace of mind.

Comparing Coverage Lengths and Additional Perks

When evaluating different warranties, consider not just the length of coverage but also additional perks such as roadside assistance or complimentary maintenance services. Here’s a quick comparison:

Factors to Consider When Choosing a Car Warranty

When selecting a car warranty, several factors should influence your decision:

Coverage Needs

Consider how long you plan to keep your vehicle. If you're keeping it long-term, an extended warranty may be beneficial.

Vehicle Type

Different vehicles may require different types of coverage. For instance, luxury cars might benefit from more comprehensive plans due to their higher repair costs.

Budget

Evaluate your budget not only for purchasing the warranty but also for potential out-of-pocket expenses if repairs arise outside of warranty coverage.

Customer Reviews

Research customer reviews and ratings for both manufacturers and third-party providers. This can give you insight into claim processes and overall satisfaction levels.

Conclusion

Selecting the right car warranty is crucial for protecting your investment and ensuring peace of mind while driving. In 2024, Hyundai leads with its exceptional coverage options followed closely by Kia and Genesis. Whether you opt for a factory warranty or an extended plan from a third-party provider like Endurance or Carchex, understanding your options will help you make an informed decision.