Car warranty versus car insurance
What is the difference between my car's warranty and my car's insurance policy? Mike Goodman here, agency principal at Goodman Insurance Solutions. Today, what I want to address is the difference between the two and what each product is designed to do.
So simply put, your car's warranty is designed to protect you as the consumer up to a certain period of time or up to a certain number of miles. That is usually against what that manufacturer expected that vehicle to do. So if the engine goes out, transmission goes out, different maybe heating and cooling or electronic systems within the car. If those things fail before they were expected to be good enough through, then a lot of times that manufacturer will guarantee that they will replace those types of things.
Now, on your vehicle insurance policy, what that policy's going to do is to protect you against damages that you could do to someone else. Whether that be damages to their vehicle or damages to them as the driver or passenger. Then also, if you decided to buy comprehensive and collision coverage for your car, then you're going to have protection for comprehensive things maybe like a hail storm. Maybe you are driving down the road in the middle of the night and you have a deer run out in front of you. Maybe you have a rock from the roadway that hit you.
Then on the collision side of things, maybe you do run into another vehicle and you are at fault for that accident. Then obviously you have protection not only for damages to the other person's car, but as well as your own. Or maybe you just simply run into another form of property. So a lot of times we get the question of, "Hey, my engine went out and my transmission went out. I had maybe even a tire blowout." There's different electronic things that maybe go out just simply for wear and tear that are not going to fall under those causes of loss, such as comprehensive and collision. Because those things just simply went out over time because of normal wear and tear.
So I hope I cleared up the difference between the two. If you've got further questions, feel free to reach out to us. You can reach us any time at 620-531-0261, or find us on most social media platforms. Thank you.