GITNUX MARKETDATA REPORT 2024

Statistics About The Average Car Warranty Cost

The average car warranty cost per year typically falls within the range of $300 to $700.

Statistic 1

"Extended warranties on hybrid and electric vehicles can be up to 30% higher than for standard gasoline vehicles."

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Statistic 2

"The average monthly cost of a car warranty is about $80."

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Statistic 3

"The average cost of an extended car warranty ranges from $1,000 to $3,000."

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Statistic 4

"Manufacturer warranties typically cover between 3 to 5 years or 36,000 to 60,000 miles."

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Statistic 5

"Approximately 60% of new car buyers purchase an extended warranty."

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Statistic 6

"42% of extended car warranties sold are never used by consumers."

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Statistic 7

"High-mileage vehicles may have higher warranty costs, often ranging from $2,000 to $4,000."

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Statistic 8

"The highest rates for extended warranties are found in states with higher living costs, like California and New York."

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Statistic 9

"The average labor cost covered by warranties is around $100 per hour."

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Statistic 10

"Luxury cars tend to have higher warranty costs compared to non-luxury vehicles."

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Statistic 11

"Car warranty prices can vary significantly based on the make, model, and age of the vehicle."

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Statistic 12

"On average, a 5-year warranty for a new car typically costs between $1,500 and $2,500."

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Statistic 13

"Extended warranties typically require a deductible ranging from $0 to $200."

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Statistic 14

"Admin fees for warranties can add an extra $100 to $300 to the overall cost."

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Statistic 15

"The length of warranties varies extensively, with some lasting up to 10 years or 100,000 miles."

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Statistic 16

"Many extended warranties do not cover wear-and-tear parts like brakes and tires."

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Statistic 17

"Dealerships typically offer extended warranties with a 20%-50% markup over third-party providers."

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Statistic 18

"The market for extended auto warranties in the United States is valued at approximately $34 billion."

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Statistic 19

"Repairs covered by warranties can save on average $500 to $1,000 per major repair."

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Statistic 20

"The most expensive extended warranties can reach up to $5,000."

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