Transmissions, Motors, and Drive Trains, Oh, My!

What do transmissions, motors and drive trains all have in common? They are parts of your vehicle that are expensive to repair. When your auto mechanic says things like, “To get to that part, we will have to pull the motor,” you can immediately feel the hemorrhage in your bank account. The good news is that you can, sometimes at least, head off those major car repair expenses with a breakdown insurance policy.

Breakdown Insurance Policies

Breakdown insurance isn’t for every vehicle. There are some specific restrictions on it that include the age of the vehicle, the mileage and the timing on acquisition. The good news is that it usually isn’t a prohibitively expensive policy, and it can certainly save your bank account on those big repair bills. In most cases, your vehicle needs to be less than 15 months old, have fewer than 15,000 miles on it and still be under warranty at the time you first take out the policy. The good news is that if you do that, the breakdown insurance will be likely to outlive the warranty on your vehicle – up to around seven years of age for your car or truck, 0r 100,000 miles, whichever comes first.

Benefits of Breakdown Insurance

Breakdown insurance won’t cover everything. It doesn’t take care of ordinary maintenance such as oil changes or tune-ups, and it isn’t collision coverage. But if you drive up to a stop sign and discover that your vehicle is stalled and will not go forward, then there is a good chance that such a repair is going to be covered by your breakdown insurance. Often such an event is caused by a failed U-joint or a transmission problem, both of which are expensive repairs.

Getting to the Shop

Check your breakdown policy carefully. Some have limited amounts of roadside assistance rolled into the policy, such as a one-time tow over a limited distance to get your vehicle into the shop. If such a perk is not included, you might want to add a roadside assistance policy. Roadside assistance includes towing, help with flat tires, battery recharging, and similar small things that will not be included in your breakdown policy. If it is vital to keep your vehicle on the road and running, both types of insurance are exceptionally advantageous.

What If My Vehicle is Too Old for Breakdown Insurance?

Insurance companies work on probabilities. Those mileage and age numbers aren’t something they pick out of thin air. They are based on statistical evidence that it is around that time that most vehicles begin to have mechanical problems. In that case, roadside assistance will still be a good option for you. It covers ordinary events such as running out of gas, having a flat, or locking your keys inside your vehicle. It will also include towing, which is handy to have no matter the age of your vehicle.

For the major mechanical repairs, your options are somewhat limited. You can ask your mechanic how much motor or transmission repairs are running currently and try to keep that amount of money in your bank account. Incidentally, such repairs are often equivalent to a good down payment on a new car. You could trade your vehicle in on a newer model. Whether you keep your current vehicle, or you trade it in might depend on how much you love the car or truck and the way it drives.

Summing Up

For a newer car, breakdown insurance can give you a lot of peace of mind for a moderate price. Roadside assistance will give you limited amounts of help when you need it. Both are very good things to have when you are away from home.