Is Chevy Extended Warranty Worth It? (Review 2021)

• There are two Chevrolet Extended Warranty options.
• Chevy offers several additional benefits with each of its insurance plans.
• Compare multiple extended vehicle warranties to find the best coverage for your vehicle and budget.

If you're a Chevrolet driver looking for peace of mind on the road, you might be considering a Chevy Extended Warranty. But are Chevy service contracts worth the investment?

In this article, we'll take a detailed look at Chevy's extended warranty, including coverage options and cost. We'll also discuss average annual repair costs for Chevy vehicles and look at the Chevrolet factory and certified pre-owned warranties.

After carefully researching the extended warranty industry, our review team has ranked the best extended warranty providers for cars available in 2021. We encourage you to click below for free, no-obligation quotes from our top recommended companies.

The Best Extended Warranty Companies We've looked at the best extended warranty providers for cars, and here are our top picks.

Best Overall	Best for Used Cars	Most affordable
Endurance	CARCHEX	CarShield
Get a quote	Get a quote	Get a quote
(877) 374-1840	(866) 254-0205	(800) 563-2761

Chevy Extended Warranty Overview

There are two options for the Chevy Extended Warranty: the Chevrolet Extended Limited Warranty and the Chevrolet Platinum Protection Plan. Both options protect you from unexpected repair costs after the factory warranty expires, but for different periods and with different added benefits.

Chevrolet Extended Limited Warranty

Chevrolet's Extended Limited Warranty extends the New Vehicle Manufacturer's Limited Warranty for 2018-2020 models by two years or 24,000 miles, whichever comes first. This means it gives you a total of five years or 60,000 miles of bumper to bumper warranty.

Because this Chevy Extended Warranty mimics the original bumper-to-bumper warranty, you cover any repairs caused by defective parts or manufacturing errors. This plan is backed by the manufacturer, which means you'll also have access to Chevrolet Certified Service Technicians.

However, the Chevrolet Extended Limited Warranty is only available for purchase at the time of vehicle purchase. Once you've pulled out of the lot, Chevy's only extended warranty option is the manufacturer's Platinum Protection Plan.

Chevrolet Platinum Protection Plan

The duration of the Chevy Platinum Protection Plan ranges from two years or 24,000 miles to five years or 60,000 miles, whichever comes first. Chevrolet previously offered a Silver Protection Plan, but this is no longer available.

According to the sample contract on Chevrolet's website, the Platinum plan is an exclusive warranty that covers over 1,000 parts. This extended Chevy warranty can be voided at any time or transferred to a new owner if you sell your vehicle before the warranty expires.

Here are some of what the Platinum Protection Plan covers:

• brakes
• Engine
• Steering
• Electrical
• drive axle
• Transmission
• Transfer case
• Air conditioning
• Seals and gaskets
• Improved electrical
• Turbocharger / Supercharger

Fringe benefits

The Chevrolet Protection Plan provides several additional benefits, including:

• towing services
• Blocking services
• Lost Key Reimbursement
• Rental car reimbursement
• Travel interruption compensation

These are standard benefits that come with most extended car warranties.

What is not covered by the Chevrolet Extended Warranty?

The Chevy Extended Limited Warranty covers all parts and labor, but excludes routine maintenance and repairs not related to normal use. Drivers from California, Minnesota, Maine, and Florida are not eligible for the Chevy Extended Warranty.

The Chevrolet Platinum Plan does not cover:

• Exterior finish
• Exhaust system components
• Tire pressure sensors
• Services
• Tires, wheels and rims
• Brake discs and drums
• Batteries and battery cables
• Some Emission Components
• Lenses, sealed beams and bulbs

Chevy Extended Warranty Cost

You'll need to find out the cost of Chevy's Extended Limited Warranty when you go to a Chevy dealership to purchase a car, but the manufacturer offers an online cost estimate for its Platinum Protection Plan.

The company allows customers to fund Chevy's extended warranty with a monthly payment plan or pay a small discount up front. Below we've outlined how much the Platinum Chevy Extended Warranty Plan will cost for a 2020 Silverado 1500 with 30,000 miles on the odometer.

*These monthly payment plans also include a $99 down payment.

The Chevy Extended Warranty includes $0, $100, and $100 deductible deductibles.

Is Chevy Extended Warranty Worth It?

Overall, Chevy's extended warranty is worth it if paying for coverage is cheaper than paying Chevrolet repair costs outright. To get reliable information about the expected repair costs, we contact RepairPal. RepairPal uses customer reports to estimate average repair costs for certain manufacturers, including Chevrolet.

On average, Chevrolet vehicles cost $649 a year to service and repair. Here's how RepairPal breaks that cost down and how Chevy's reliability ratings compare to industry averages:

*RepairPal defines a "major" repair as a repair cost more than three times the industry average repair cost, or $1,956.

Based on these numbers, Chevrolet's extended warranty might be a smart investment, especially given the likelihood that your Chevy will need major repairs.

Before deciding on a Chevy Extended Warranty, you should also consider what coverage you already have. Below we have outlined the basics of the Chevrolet Manufacturer's Warranty and the Chevrolet Used Certified Warranty (CPO).

Chevrolet Factory Warranty

Existing coverage will affect the cost-effectiveness of the extended warranty plan. The Chevy warranty offered by General Motors includes bumper-to-bumper coverage for three years or 36,000 miles and transmission coverage for five years or 60,000 miles. This coverage plan includes 24/7 roadside assistance with start-up, blocking services, emergency towing, emergency fuel delivery, and tire puncture services. Chevrolet also includes tire coverage for the first year of your vehicle's life.

Chevrolet Certified Used Vehicle Warranty

After passing a 172-point test, CPO Chevrolets receives a six-year or 100,000-mile powertrain warranty that begins on the day the vehicle is driven. Chevrolet also provides CPO drivers with 1 year/12,000 miles of bumper-to-bumper coverage and roadside assistance.

Chevy Third Party Extended Warranty Benefits

A manufacturer-supported plan isn't the only option for your Chevy extended warranty needs. You can also purchase coverage from independent reputable companies with extended vehicle warranties. Buying from an independent supplier provides several benefits, including:

• There is no need to buy warranty coverage at the same time as buying a car.
• You can choose from additional coverage options. Our top rated providers offer five or six plans that last up to 250,000 miles, depending on the company.
• You can choose your own repair shop. Many manufacturers require drivers to cover repairs made at the dealership. With a third party warranty provider, you have a choice of repair shops.

When purchasing an extended vehicle warranty, be sure to compare prices between providers. We recommend contacting Endurance and CARCHEX.

Endurance: Best overall

In our Automotive Warranty Review, we ranked Endurance as the number one vendor. For each of our research categories—reach, industry position, accessibility, and customer service—Endurance scored 4.5 or better out of 5.0.

Endurance is one of the few leading service providers that works directly with clients rather than an independent contract administrator. Here are some more important facts about the provider:

• You can choose from six coverage plans with time limits up to 200,000+ miles.
• Endurance service contracts are available to customers in all US states except California.
• Endurance is working with repair shops and dealerships across the country to give its customers more options.
• Endurance has sample contracts online so customers can better understand the company's reach before asking for a quote.

Read our full Endurance Warranty Review for more information and click below for a free supplier quote.

CARCHEX: The Best for Used Cars

CARCHEX offers plans in every state in the US and has been in business for over 20 years. It has a long history of providing first class customer service and is currently rated A+ by the Better Business Bureau (BBB).

Here is a CARCHEX review:

• Five service plans are offered with up to 10 years and 250,000 miles.
• The supplier is backed by industry leaders such as CARFAX, Kelley Blue Book and Edmunds.com.
• CARCHEX offers some of the best options for high mileage older vehicles and covers vehicles up to 20 years old.
• CARCHEX offers contract templates online for customers who want to know how their insurance coverage works before they sign on the dotted line.

If you want to know more, check out the full CARCHEX review. You can also get a free personalized CARCHEX quote by clicking below.