, thanks for the recommendation.
I filled out the get-a-quote info at their web site, https://www.concordautoprotect.com/
, this morning. A few minutes later, I was phoned by one of their reps, Harry Collins.
After a discussion, he proposed (and sent in an email, while we were talking) for our Macan S a Premium policy, with $500 deductible, with a coverage of 5 years or 100,000 miles, for $2,500. This coverage period, he stated, starts at the conclusion of the factory warranty (and until that time, yes, they will have use of our money, and we get bubkis). In our case, that would be a start of about two years from now: we've had the car, since new, for about 15 months now, with about 20,500 miles, so I figure in just about two more years we'll hit the 50,000 mark.
He was pretty insistent, and threw in a few more miles, some minor extras, and $100 off for veteran/AARP/senior qualification(s?), but I said that I wasn't ready just yet, and told him he could call me on Monday.
Concord's contact form is at https://www.concordautoprotect.com/
, the coverage summary page is https://www.concordautoprotect.com/protection-plans/
, and the policy page is https://www.concordautoprotect.com/service-agreement/
. This is, he stated, a 30-day full-refund period.
I'll do some searching for reviews, but so far it sounds good to me.
, thanks for the email address for Troy.
, I sent an email to him on 1/7, asking for quotes, per a brief description of my preferences; unlike
, I haven't heard anything back yet.
I have read some dissatisfied reviews of Fidelity, but, you know, the 'net tends to magnify bad experiences, so you have to take that with a grain or two of salt; as Abraham Lincoln said, "You can't believe everything you read on the internet." But Fidelity seems more expensive than, say, Concord, regardless.
summed it up nicely (post #43
), re "it depends." Beside putting c. 17,000 miles per year on a car, my wife and I tend to keep a car for a decade or so. (And, possibly relevant, I financed about half of the car, for five years at 2.9%.)
We've never purchased an extended warranty before for a car, and we're talking half a century of car buying. But neither have we ever purchased a car this expensive before, nor with such expensive components as the PDK, transfer case, or engine. When, as I estimated above, our warranty runs out in a couple years, and if we were to need a new engine, or transmission, or transfer case, I can't see spending more on a car than, say, its book value at the time (which would be pretty low, given our likely mileage). We would probably be able to afford expensive repairs, but would we want to, would it be prudent, etc.?
I have very high uninsured/underinsured coverage on my auto and bike policies, as an example, and hopefully I will never need those. And I have an umbrella policy, in addition to home-owner's; same hopes. But that's the whole point of insurance (above any minimum statutory requirements), i.e., to minimize risks and to cover eventualities.
As I said, I've never had an add-on car policy, but I'm seriously thinking about one now.