Are you looking for a car insurance policy that provides you with a little something extra?  If you are interested in a policy that will keep your vehicle fully protected, you might want to consider adding mechanical breakdown coverage to your policy. 

What is Mechanical Breakdown Coverage?

Mechanical breakdown coverage helps protect your vehicle against more than just theft, accidents, fire and other problems that are typically covered by an auto insurance policy.  In fact, it is similar to the type of coverage you typically receive from an auto warranty.  If your auto warranty is expired or it does not provide you with enough coverage for the mechanical failures you may encounter, you might want to add mechanical breakdown coverage to your policy.

Is Mechanical Breakdown Coverage Right for Me?

Whether or not mechanical breakdown coverage is right for you depends upon a number of different factors.  Of course, the most important thing to consider is how much the coverage will increase your premium costs as well as the deductible.  If your deductible is $1,000 or more, for example, having the coverage in place may not be worthwhile because most mechanical problems will cost less than $1,000 to repair.  Similarly, if your premiums are increased by a significant amount of money, adding the coverage to your policy may not be a wise economic choice.

When deciding whether or not mechanical breakdown coverage is right for you, you should also take a closer look at what is covered by the policy versus what is covered by the manufacture’s warranty.  In many cases, the policies offered by insurance companies actually cover more parts and services than what is covered by the warranties you can purchase.

How Do I Qualify for Mechanical Breakdown Coverage?

Most insurance companies that offer mechanical breakdown coverage have certain limitations and restrictions in place.  For example, you may be required to initiate the coverage while your vehicle is still fairly new or has a fairly low number of miles.  At this point, you may have sufficient warranty coverage in place.  Nonetheless, the initial investment may be worthwhile because it will guarantee your eligibility to continue the coverage as the vehicle gets older or takes on more miles. Or, you can save yourself some money when purchasing your new vehicle by bypassing the warranty coverage and getting mechanical breakdown coverage from your insurance company instead.