It’s not the same: the difference between car insurance and warranties
It’s not the same: the difference between car insurance and warranties When you purchase a car, you’ll likely hear quite a bit about a warranty. Before you jump to any conclusions about it being the same as car insurance —we’ll tell you right now they’re definitely different. What is a car warranty? The Federal Trade Commission ( FTC ) defines it as a contractual promise to fix certain defects or malfunctions in your vehicle for a set period of time after you purchase the vehicle. Now, how that differs from a car insurance policy is what we’ll help clear up in this article. Our HiRoad team is going to spell out the differences between insurance and warranties so that you know which applies when something happens to your vehicle. Let’s get started. What is the difference between warranties and insurance? Car warranties and car insurance are both types of financial protection for your vehicle, but there are striking differences between the two. To help you unders...