There are two schools of thought when it comes to an extended warranty for your Land Rover. Some Land Rover owners simply would not own a Land Rover without it being under some form of and extended warranty or service contract. Many other owners choose to “self-warranty” their Land Rovers and accept the risk of potential out-of-pocket repair costs.
Below is a list of warranty providers that list Land Rover vehicles on their online quote forms. If you are rejected by any of these warranty providers based solely on the fact that you own a Land Rover, please contact us and we will remove their listing. We cannot specifically recommend or vouch for any of the following companies.
Your Local Land Rover Retailer – Most (if not all) Land Rover dealers have partnerships with extended warranty providers and should be able to provide quotes for several levels of coverage based on your needs and circumstances. As with all extended warranty providers, vehicle age and mileage limits will apply.
Your Insurance Company – Some insurance companies offer mechanical breakdown protection. For example, Geico offers a Mechanical Breakdown Insurance (MBI) program that is available for cars that are less than 15 months old and with less than 15,000 miles. The MBI coverage can be renewed for up to seven years or 100,00 miles.
Potentially protected against major mechanical repair costs. Depending on the details of your extended warranty contract, you will likely be covered against the repair costs of most major mechanical items on the vehicle (e.g. engine, transmission, etc). If you purchase a $3,000.00 extended warranty and six months into it you need a new engine, chances are you just saved yourself some money. Any claim for the remainder of your warranty is essentially money in your pocket.
Extended warranties can provide peace-of-mind. Land Rovers have a well-known reputation for spotty reliability. Unfortunately, this reputation does not come undeserved. Land Rover vehicles routinely score lower in reliability studies. No small part of this is due to their extensive equipment packages; there’s more to go wrong. If this bothers you, but you still want all the benefits of owning a Land Rover, you may enjoy the peace-of-mind that comes with an extended warranty.
Spread the cost of repair. If you are making payments on your extended warranty and make a significant covered claim, you will effectively spread the cost of that repair out over the payment term of your warranty, rather than having to pay out of pocket or put the repair on credit.
Coverage is limited. No extended warranty offers complete coverage for every vehicle component. There will be a list of items which are excluded from the contract (and some of these items may be rather significant). Before purchasing any extended warranty contract, be sure you understand what is and what is not covered and under what circumstances. If the item is not mentioned in the contract, assume that it is not covered. Due to the wide range of specialized equipment found on modern Land Rover vehicles, it is very important you know what is and what is not covered by your policy.
Limited term of coverage. Extended warranties generally feature mileage and time limitations which can be rather short given the cost involved. Your extended warranty may not be transferable or terminated early, depending on the terms of your contract.
Up front costs can be substantial. The up front cost of an extended warranty is usually in the thousands of dollars. Some extended warranty providers will allow you to make payments. If buying an extended warranty from a Land Rover dealer at the time you purchase your used vehicle, you may be able to roll the extended warranty coverage into your regular monthly payment.
Limited availability. Some extended warranty providers, including many of the leading companies, will not provide coverage for Land Rover owners, regardless of the year, model, or condition of your vehicle. It can also be difficult and/or expensive to find coverage for higher-mileage vehicles.
Your vehicle may need to be inspected. Just like health insurers, extended warranty providers do not want to pay for ‘pre-existing conditions.’ Many warranty providers require you to have your vehicle inspected prior to approving your application. This will likely be at an extra cost to the warranty itself.
The idea behind a self-warranty is that you take the money you were going to spend on an extended warranty and put it into an accessible interest bearing account. You pull money from this account whenever you need to make a repair. If you never have to make a repair, you are not only in the money you would have spent on the extended warranty, but you have also earned interest on those funds.
The underlying theory is the knowledge that no extended warranty company will sell you a warranty thinking that it will lose money on the account. Extended warranty providers have data that tells them that, on average, if they sell you a $3,500.00 policy, they will pay out less than $3,500.00 in claims over the lifetime of the contract (which is a very simplistic example, of course).
You may never have to pay. Depending on many factors, such as how you use your Land Rover, how long you keep your Land Rover, your maintenance schedule, and of course your luck, you may never have to pay out for a major repair. Some owners go well into the 100,000+ mileage range and only pay for maintenance and trivial repairs. Others, honestly, have barely made it out of the dealership lot before suffering from a breakdown.
You may have to pay. If you have a major mechanical failure, you may be out significantly more money than what you would have been if you had purchased an extended warranty. If an extended warranty costs $3,500.00 and you end up making several claims on major components, you can easily save thousands over the life of the contract.