New to the group first post!

I would like to query the group on extended warranty costs.

To start off, I heard that the costs of these plans in somehow regulated and dependent on the state you are in. If it matters I'm in Florida.

I opted to reject the dealers offer which was over $2K for 6yr/100k!

I found what I think is a better deal n the net at WarrantyDirect. I opted for their 5yr/125,000 (I commute 100 mi/day) w/$100 deductible for $1300. This warranty claims to coverage everything except the air bags that is not covered by the Honda factory warranties.

I saw a thread from back a few years that had cost for similar coverages for about half what I was quoted. Did I get a bad deal? If so, can anyone point me in the direction of a better deal?

If there is an FAQ or sticky on this please point me there.

Thanks
Dean

 

Armed with the price from http://www.bernardiwarranty.com/ Bernardi Honda genuine Hondacare warranty showing the 96 month/120,000 miles, $0 deductible for $1000 thedealer where we bought here in Dallas met the price when we purchased about 2 months ago.

 

This is where I bought mine a few years ago.

http://www.myhondawarranty.com/

I tried to price one for you, but I got this message:

The 6yr/100k is $725 miles when using CO as the state or residence. (That is for the $0 deductible.)

 

I judged the price of the warranty against whatever it may cost to fix something should it break.

This is a Honda, not a Bentley, and I chose to keep my money and take my chances.

 

Well, I wouldn't pay retail for an extended warranty, but those prices are so cheap.

 

I think you are hosed in FL. Your lawmakers want to protect you from fraud (and fly-by-night companies), so they don't allow you to make an independent decision on extended warranties. I think dealers are the only place for HondaCare extended warranty for FL residents. And of course, the FL dealers know this and hike up the prices accordingly.
It's a shame. Blame the bad companies, and gullible residents, but mostly blame the lawmakers for protecting you from yourself.

 

the myhondawarranty.com folks don't seem to cover CA either...

 

Thanks everybody!

Gotta love the government for "helping" us out!

I looked closer at the WarrantyDirect policy and it is underwritten by a firm doing business in Florida. Looking at the bright side I got a much better deal than the dealer was offering!

All the best,
Dean