the main points:
- Mechanical breakdown insurance (MBI) Looks like Extended car warranty In it covers Repair costs Related to faulty components or manufacturing.
- MBI plans They are regulated by state insurance commissions, whereas… Extended warranty plans incorrect.
- Your car must be less than 15 months old to be eligible Geico MBI.
In addition to the standard types of Car insurance, Geico It also offers a product called Mechanical breakdown insurance (MBI). Geico MBI Available to most customers and can be added to existing policies at a fairly low price. But do you need MBI?
Mechanical breakdown insurance Looks like Extended car warranty It helps cover the cost of repairs if your car breaks down unexpectedly. Our review team has taken a closer look better Extended car warranty Options in the market, while MBI Policy Not exactly the same Extended warrantyThey both provide similar coverage. Read this review to see how MBI policies Compare b Extended warranties And find out if Mechanical breakdown insurance from Geico It is a good investment.
What is Geico Mechanical Breakdown Insurance?
Mechanical breakdown insurance from Geico It kind of is car insurance It covers repairs of some car parts after they break down due to normal use. MBI policies It is one way to protect your wallet from heavy objects Repair costs If your vehicle is defective Mechanical parts Or defects in workmanship. In this way, they are similar Car warranties.
Geico It is one of the only summit Insurance companies Which offers additional Mechanical breakdown coverage to Auto Repair. during Geico, Mechanical breakdown insurance Available for rent or New vehicles Which is less than 15 months old and has less than 15,000 miles on the odometer. Coverage is renewable for up to 7 years/100,000 miles. Covers Geico MBI All car parts and systems, with a small list of Exceptions.
Geico Mechanical Breakdown Insurance Exceptions
Some items not included in Geico MBI coverage We are:
- normal Maintenance Services like Adjust, Wheel balancingAnd Suspension alignment
- Maintenance parts such as filters, LubricantsCoolant and fluids
- Wearable parts that naturally deteriorate over time, e.g Spark plugstires, and Brake pads, Brake shoesAnd Liners
Only damage resulting from normal use is covered. Geico’s MBI Policy It does not cover intentional damage and damage resulting from misuse or misuse Improper maintenance. In addition, insurance will not cover damage resulting from collision, vandalism or weather – you will need to collide and comprehensive car insurance Policies for those incidents.
how to use Geico MBI
If you need a repair it is covered under Mechanical breakdown insurance from GeicoYou can take your car to Repair facility Of your choice and your submission MBI Policy number. Geico We will then begin your authorization MBI claim. If your claim is approved, Geico He will pay Repair and maintenance shop Right off the bat, minus $250 For discount Which you will need to pay out of pocket.
Geico mechanical breakdown insurance cost
Gieco doesn’t list the cost of this Mechanical breakdown insurance Connected. But like what kind of car insuranceprice for Mechanical breakdown insurance from Geico It will vary from person to person. It usually is addition for you Car insurance policy, and various factors can affect the cost. Some of these factors include:
- Vehicle make and model
- The age of the car
- Your age
- Where do you live
- Your driving history
Is Geico mechanical breakdown insurance worth it?
a Geico Mechanical Breakdown Insurance Policy It may be worth it for some drivers, but not all. If you are able to secure a low annual rate, MBI It can give you added Peace of mind On the road, knowing you’re protected in the event of an unexpected breakdown.
However, it does offer a lot of coverage MBI Policy It is already included with your car Manufacturer warranty. normal New car warranty Coverage lasts for three years, so you’re unlikely to get any value out of it MBI Policy Even after that time. This means that if you wait until… GeicoThe maximum age of the car is 15 months, you will pay for it MBI coverage For about two years before you see any benefit from your investment.
However, if you only pay a low rate per year for the extra Insurance coverageit could be worth it sincere The cost of renewing your policy in the long term. If you keep your policy for the full seven years of coverage, it will end up costing much less overall than a typical extended car warranty.
Mechanical breakdown insurance vs. Extended auto warranties
Mechanical breakdown insurance Looks like Automatic extended warranty, although they are not exactly the same. The table below shows some of the key similarities and differences between what Mechanical breakdown insurance covers compared to Extended warranty.
Geico MBI against. Extended car warranty: Main differences
One important difference between Mechanical breakdown insurance And Extended vehicle warranties Is that MBI policies It is regulated by the state insurance commissioner. This extra level of safety may be a deciding factor for drivers who are on the fence Extended car warranty coverage.
MBI policies They also tend to be less expensive than Extended warranties. However, it does not provide coverage for the elderly, Used cars. with Geico, Mechanical breakdown insurance Must be purchased while you are there Manufacturer’s warranty It may still be valid.
Even with this in mind, a MBI Policy It is likely to be cheaper than Extended car warranty at the long term. but, Mechanical breakdown insurance from Geico Comes with top For discount Of the most Extended vehicle warranties. If your car experiences a number of inexpensive breakdowns, your policy may end up not covering many repairs.
Keep in mind that as vehicles age, the potential for unexpected malfunction increases. So while MBI Policy from Geico May be a better option for newer vehicles Extended car warranty It will probably be more useful for an older car that has high mileage and is subject to need Major repairs.
Geico Mechanical Breakdown Insurance: Our Choice
Geico It is one of the only major ones Car insurance companies To view MBI. MBI It could be a good option for New car Owners who want affordable coverage for Peace of mind On the road.
However, if your car is more than 15 months old, it’s too late to buy Mechanical breakdown insurance from Geico. To protect vehicles similar to Geico MBI Policyyou can think about Extended car warranty. As with insurance, the best way to find the right price and policy for your needs is to shop around and compare providers.
Recommended alternatives
Two companies we highly recommend are Endurance and Carchex. After evaluating and reviewing dozens of… Extended warranty These two companies have set themselves apart from the pack with their high-quality coverage and outstanding customer service.
Endurance: Best overall
Endurance warranties come with some of the most Comprehensive coverage options In industry. In addition to the standard Powertrain warranty And Bumper to bumper warranty Options Endurance provides all customers with extensive benefits including:
- Car Rental Payment
- 24/7 Roadside assistance
- Trip interruption coverage
- One year of Endurance Elite benefits
The Endurance Elite Benefits Program includes full loss protection, identity theft services, key fob and tire replacement, and a collision discount, among other benefits. You can renew your membership for an additional fee after the first year.
Overall, we rated the provider 4.7 out of 5.0 stars on our site Endurance warranty review. We gave it high marks for reliability, coverage plans, pricing, transparency, and customer experience. Learn more by reading our full review, and click below for a free personal quote to find out how much an endurance warranty will cost for your vehicle.
Carchex: Best reputation in the industry
Carchex has one of the best reputations among Extended car warranty Service Providers. It is endorsed by industry leaders such as Kelley Blue Book, Carfax, and Edmunds.com. Like Endurance, a set of Carchex trolley Service contracts Available for new and used vehicles. Carchex also provides useful additional benefits such as:
- 24/7 Roadside assistance
- Towing a car Payment
- Car Rental Payment
- Trip interruption coverage
Carchex is accredited by the Better Business Bureau (BBB), and has… A+BBB ratingIt received 4.5 out of 5.0 stars on our website CarChecks review.
Find out for yourself how much a Carchex plan costs by reaching out for a free, no-obligation quote.
Geico Mechanical Breakdown Insurance: Frequently Asked Questions
Here are some frequently asked questions about Mechanical breakdown insurance from Geico:
How do we evaluate car warranty companies?
Our review team researches extensively Extended car warranty Providers to provide informed and unbiased reviews of leading companies. We evaluate several key rating factors that matter to consumers to determine which providers are the best in the industry:
- credibility: Escrow providers that have strong ratings from the Better Business Bureau (BBB), work with reliable partners and administrators, and have a long history in the escrow industry score well in this category.
- Coverage plans: We take a closer look at the coverage plans available through each provider, including the number of plans offered, maximum term, and plan. ExceptionsAnd more. We also evaluate additional benefits that companies include with their warranty plans, e.g Roadside assistance And the benefits of interrupting the trip.
- Pricing: Our team performs a secret shopper analysis of a variety of vehicles and coverage plans to learn about average provider costs. See how each company prices, For discount Options and discount opportunities compared to competitors when determining this score.
- Transparency: We evaluate the availability and transparency of each company’s contracts, as well as whether each provider offers a money-back guarantee.
- Customer experience: We take into account customer reviews and complaints from sites like the BBB and Trustpilot. Our team also communicates with customer service representatives during mystery shopper analysis to learn about customers’ experience with each company.