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Whether you purchase a Corvette or a Suburban, all new Chevrolet vehicles leave the dealership protected by a factory warranty that lasts for your first few years of ownership. But when this coverage expires, is it a good idea to purchase a Chevrolet extended warranty?
In this article, we’ll break down your Chevy extended warranty options, taking a look at how they cover your vehicle after mechanical breakdowns and the pros and cons of that extra protection. We will look at both Chevy’s own extended warranty, as well as warranties from third-party providers as well.
We recommend comparing prices from multiple providers to get the best price on an extended auto warranty. You can get a quote from Chevrolet by contacting your dealership. To see how much you would pay for third-party coverage, click below to get free, no-obligation quotes from a few extended car warranty companies.
In this article:
- Chevrolet extended warranty overview
- How much does a Chevy extended warranty cost?
- Do you need a Chevrolet extended warranty?
- Pros and cons of independent warranty companies
- Frequently asked questions
Chevrolet extended warranty overview
Chevrolet offers three extended coverage plans to keep cars protected after the factory warranty ends: the Extended Limited Warranty and Chevrolet Platinum and Silver Protection Plans. The first is an extension of the bumper-to-bumper factory warranty, whereas the others are standalone service plans.
|Chevrolet Extended Warranty||Warranty Terms|
|Extended Limited Warranty||5 years/60,000 miles from original in-service date|
|Chevrolet Platinum Protection Plan||Up to 5 years/60,000 miles from warranty purchase date|
|Chevrolet Silver Protection Plan||Up to 5 years/60,000 miles from warranty purchase date|
Chevrolet Extended Limited Warranty
The Chevrolet Extended Limited Warranty plan works a little differently than most manufacturer extended warranties. New Chevy vehicles come with a 3-year/36,000-mile Bumper-to-Bumper Limited Warranty as part of the factory warranty package. The Extended Limited Warranty increases this coverage term to 5 years or 60,000 miles, whichever occurs first.
The downside is that you can only add on this Chevrolet extended warranty option at the time you purchase your vehicle. Plus, if you roll the cost of coverage into your car’s monthly payments, you’ll have to pay interest on it, which increases the overall price.
Chevrolet Platinum Protection Plan
Chevy’s premium extended warranty is the Platinum Protection Plan. This warranty is an exclusionary plan, meaning it covers all vehicle parts except those explicitly listed in the contract — such as the battery, upholstery, and audio equipment. It covers repairs on over 1,000 parts, including everything listed in the lower-tier Silver Protection Plan and additional components like:
- Blind-spot sensors
- Power tailgate lock
- Heated seats
Chevrolet Silver Protection Plan
This comprehensive plan includes both bumper-to-bumper protection and a powertrain warranty. Covered parts include:
- Air bags
- Steering components
- Seals and gaskets
- Electrical systems
- Factory-installed turbocharger/supercharger
Unlike the Extended Limited Warranty, the Platinum and Silver plans can be bought at any time before your car hits 9 years/80,000 miles, even after the expiration of your car’s factory warranty. Chevy doesn’t disclose deductible options for its warranties, but a sample contract states that the deductible will be $100 if another amount is not specified.
What’s not covered?
Opting for a Chevrolet extended warranty may give some extra peace of mind when it comes to repairs, but you still won’t have coverage for the entire vehicle. Here are some exceptions listed on the Chevy website:
- Emissions components like the catalytic converter, solenoids and air pump
- Battery and battery cable
- Key fobs
- Tire pressure sensors
- Trim items
- Tires and wheels
- Routine maintenance
If a mechanical issue is covered under the Chevrolet extended warranty, you can have your car serviced by any General Motors Co. dealership. That includes authorized Chevrolet, Buick, Cadillac and GMC locations.
It’s also important to note that Chevy’s Extended Limited Warranty isn’t available in California, Florida, Hawaii, Maine, Minnesota or Missouri. The Platinum Protection Plan is unavailable in California, Florida, Iowa and Maryland.
Outside of repair services, there are a few built-in benefits of Chevrolet extended warranty coverage. Most benefits assist customers during a covered repair, but others relate to the logistics of owning an extended warranty:
- Towing and road service: Customers get $150 per occurrence if a tow or other road services are needed.
- Rental car coverage: GM will pay $40 per day (maximum of $280) for rental car services during a covered repair.
- Trip interruption: GM offers customers up to $200 per day (maximum of $800) if a covered breakdown happens more than 100 miles from home.
- Lost key and lockout services: If your keys are broken, lost or locked in your vehicle, GM will reimburse you for locksmith expenses up to $35.
The Chevrolet extended warranty is transferable in the event a vehicle is sold with remaining coverage. Subsequent owners can have the warranty transferred to their name for a $75 administrative fee.
Customers unhappy with their extended warranty coverage can cancel at any time. Unless you’ve filed a warranty claim, you can get a full refund if you cancel within 60 days. Those that cancel after 60 days or had a prior claim will receive a prorated refund, minus claims paid and any cancellation fees.
How much does a Chevy extended warranty cost?
Chevrolet has a pricing tool on its website if you’re looking for a specific cost on an extended warranty. For an idea of pricing, we used the tool to get an estimate for a Platinum Protection Plan for a 2018 Chevy Impala that’s accrued over 30,000 miles.
|Chevrolet Extended Warranty Term||Single Payment*||Monthly Payment|
|2 years/24,000 miles||$2,320.85||$99.12 down payment, then $176.42 per month for 14 months|
|3 years/36,000 miles||$3,102.70||$99.20 down payment, then $150.80 per month for 21 months|
|4 years/48,000 miles||$3,728.75||$99.01 down payment, then $182.19 per month for 21 months|
|5 years/60,000 miles||$3,912.10||$99.02 down payment, then $191.38 per month for 21 months|
*Price does not include sales tax.
Your own Chevrolet extended warranty costs may differ depending on factors such as:
- Vehicle model
- Vehicle mileage
- Coverage limits
- Deductible amount
Do you need a Chevrolet extended warranty?
Before committing to an extended auto warranty, you should assess both the vehicle reliability and your personal finances. Longer coverage can help you avoid paying for potentially costly repairs as your car ages, but paying for car repairs out of pocket may cost less overall than an extended warranty.
The reliability of Chevy vehicles is slightly above par for the auto industry. J.D. Power’s 2021 U.S. Vehicle Dependability StudySM ranks vehicles based on the number of mechanical issues owners experience. The study determined the industry average was around 121 mechanical issues per 100 vehicles. Chevrolet performed slightly better, as owners reported just 115 mechanical issues.
The GM subsidiary got a few nods from J.D. Power as well. The Chevrolet Tahoe ranked highest for most dependable Large SUV, and the Suburban came in second in that category. The Silverado HD topped the Large Heavy Duty Pickup category. The Camaro also nabbed the Midsize Sporty Car title, and the Chevy Cruze earned the runner-up slot in the Compact Car division.
The repair cost estimation website RepairPal gives Chevrolet middle-of-the-road ratings. The average maintenance cost for a Chevy will run you about $649 per year, according to RepairPal. The industry average is $652 per year.
Here are a few common Chevrolet repairs and what they cost:
|Common Chevrolet repair||Average cost|
|Fuel pump replacement||$675 to $737|
|Blower motor resistor replacement||$67 to $77|
|Air conditioning compressor replacement||$642 to $669|
|Door lock actuator replacement||$235 to $250|
(Data from RepairPal)
Keep in mind that you’ll be paying out of pocket for any repairs once your Chevy factory warranty expires unless you decide to purchase an extended protection plan.
What coverage do you already have?
Depending on when you bought your vehicle, you may still have some level of factory coverage. Under the Chevrolet warranty, repairs and replacements of defective components or materials that suffer from poor workmanship are covered by the manufacturer.
Here are the main warranties wrapped into the Chevy factory warranty:
- Bumper-to-bumper warranty: This 3-year/36,000-mile warranty covers repairs on nearly all mechanical vehicle parts between the front and rear bumpers.
- Powertrain warranty: The engine, drivetrain and transmission are covered under this 5-year/60,000-mile warranty.
- Electric and hybrid warranty: Vehicles with electric or hybrid engines are covered for 8 years/100,000 miles from the original in-service date.
The Chevrolet factory warranty includes one maintenance visit for a tire rotation, oil change or multi-point vehicle inspection that can be used during the first year of ownership. Additionally, 24-hour roadside assistance is available to new owners at no cost.
Some vehicles may also be covered under the Chevrolet certified pre-owned (CPO) warranty. The qualifiers for a CPO Chevy include being fewer than six model years old, having fewer than 75,000 miles on the odometer, passing a 172-point vehicle inspection and having a clean title.
Cars that qualify get a 6-year/100,000-mile powertrain warranty, as well as a 1-year/12,000-mile bumper-to-bumper warranty in addition to any remaining factory coverage. The plan includes a $0 deductible and is transferable to subsequent owners.
Pros and cons of independent warranty companies
If you’re seeing the extended coverage offered by Chevy and thinking it doesn’t meet your needs, you might want to consider a third-party warranty company. Independent providers can give vehicle owners more choices when it comes to coverage.
Whether you own a new car or a vehicle from 2010, independent providers let you buy service plans at almost any mileage. One popular provider, CARCHEX, offers plans for vehicles up to 250,000 miles. Third-party providers aren’t subject to the markups that dealerships can impose on warranty coverage, and there is no interest on coverage. (When you purchase an extended warranty from the dealership, the payments can be rolled into your vehicle financing.)
Finally, independent warranty companies provide a variety of choices when it comes to repair facilities — including dealerships, national chains and mom-and-pop shops. It’s common for third-party providers to authorize repairs at shops certified by the National Institute for Automotive Service Excellence (ASE®). Drivers considering a Chevrolet extended warranty already have a lot of options for repair shops because Chevrolet is a part of GM, but that isn’t always the case with automakers.
A downside of independent coverage is that you are not guaranteed the use of genuine parts or factory-trained technicians.
Finding the best rate on coverage typically means taking time to compare quotes from multiple sources. You can use the tool on Chevrolet’s website to get a free quote from the dealer. To start comparing prices from leading third-party providers, click below.
Frequently asked questions
Does Chevrolet offer an extended warranty?
There are three Chevrolet extended warranty options to choose from: the Extended Limited Warranty, Platinum Protection Plan and Silver Protection Plan. Each plan provides mechanical breakdown coverage for up to 5 years or 60,000 miles, whichever comes first.
How much does a GM extended warranty cost?
The cost of a GM extended warranty will depend on your vehicle make and model, the length of coverage and the deductible you choose. During a secret shopper analysis, our team received estimates for a 2018 Chevy Impala that ranged from $2,300 to over $3,900 depending on the coverage term.
Is a GM extended warranty worth it?
Chevy vehicles are relatively average when it comes to annual repair costs, but the brand’s extended auto warranty is on the short side compared to other carmakers. Ultimately, the value of an extended warranty will depend on how reliable your vehicle is and what makes sense for your personal finances.
What is covered under the Chevy extended warranty?
The Extended Limited Warranty, Platinum Protection Plan and Silver Protection Plan all offer comprehensive coverage that includes the engine, transmission, electrical systems, climate control and more.
*Data accurate at time of publication.