Mechanical Breakdown Insurance (MBI) in 2024 (Coverage Explained)
Mechanical breakdown insurance protects drivers from costly repairs not covered by standard auto policies. With rates as low as $200/month, MBI coverage is an affordable option for those seeking extra protection. Consider mechanical breakdown coverage to avoid high repair bills and keep your vehicle running smoothly.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Oct 28, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 28, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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By understanding these key elements, drivers can make informed decisions about their mechanical breakdown insurance options, ultimately protecting their investment and enhancing their driving experience. See if you’re getting the best deal on car insurance by entering your ZIP code above.
Mechanical breakdown protection covers various system issues, but there are still some things you’ll have to pay for out of pocket.
What is Covered Under Mechanical Breakdown Insurance
| What is Covered | What's Not Covered |
|---|---|
| Engine | Air filters |
| Drivetrain and powersystems | Spark plugs |
| Brakes | Brake pads |
| Transmission | Tires |
| Exhaust systems | Some fluids, including coolant, wiper fluid, etc. |
MBI covers issues with your vehicle’s engine, drivetrain, transmission, brakes, exhaust, and power system. All you need to do is report issues to your insurance company and file a claim to resolve them. If you’re wondering whether auto insurance covers transmission repair, mechanical breakdown insurance is the answer.
Auto Insurance Cost by Provider
Insurance Company Monthly Rates
$230
$200
$240
$220
$210
Depending on the mechanical breakdown car insurance coverage you purchase, your policy may also cover steering, air conditioning, and your vehicle’s fuel system.
Unfortunately, MBI doesn’t cover filters, spark plugs, brake pads, tires, fluids like coolant and windshield washer fluid, or repairs considered normal vehicle maintenance.
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Mechanical Breakdown Insurance vs. Extended Warranty: Key Differences
Mechanical breakdown insurance coverage and extended warranties work similarly, but MBI coverage is often more robust than a vehicle warranty. Read about the recommended auto insurance coverage levels for additional information.
Mechanical Breakdown Insurance vs. Extended Warranty
| Summary | Mechanical Breakdown Insurance Stats | Extended Warranty Stats |
|---|---|---|
| Average Cost | Up to $100 per Year | Between $1,000 and $3,000 |
| Coverage Limits by Miles or Years | Up to 7 years or Up to 100,000 | Warranty Lasts for 2 to 7 Years |
| Deductible | $250 to $500 | $0 to $250 |
| Payments | Pay Per Month | Must Be Paid in Full |
| Vehicle Eligibility | New Cars and Used Cars with 15,000 miles or less | New Cars and Select Used Cars from the Dealership |
A mechanical breakdown protection plan is often less expensive, and you can purchase coverage through your existing insurance company. If you search for car breakdown insurance for older cars, MBI coverage may work, while an extended warranty wouldn’t.
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An extended warranty often costs anywhere from $1,000 to $3,000, and you must pay for the coverage upfront. However, MBI coverage allows you to pay as you go, and you can drop the coverage if you decide it’s not worth the investment. If you have an MBI rather than an extended warranty, you’ll probably pay a higher deductible whenever you file a claim.
Cost of Mechanical Breakdown Car Insurance
So, how much is MBI insurance? On average, mechanical breakdown auto insurance premiums costing around $100 annually or $8 per month. MBI coverage is typically only available for new or relatively new vehicles.
Mechanical breakdown insurance quotes ultimately depends on your vehicle’s age, make, model, value, and policy length. If you have a car that costs more to repair — like a luxury car or electric vehicle — your MBI insurance costs will be higher than average.
Evaluating the Value of Mechanical Breakdown Auto Insurance
Wondering if mechanical repair coverage is worth it? Mechanical breakdown insurance may be a good option, depending on the scenario. However, the vehicle repair costs must exceed your policy’s cost and car insurance deductible for it to make sense to purchase MBI. Unfortunately, you don’t know whether you’ll need the coverage until it’s too late.
A mechanical breakdown insurance policy is worth it if you have a major system failure, like a blown transmission. On average, the cost of repairing a transmission is anywhere from $2,200 to $5,000. Compared to this cost, paying $8 per month and $250 for your deductible would be a much better deal.
While MBI could save you a lot of money if your car has a major breakdown issue, you don’t know whether it’ll happen before purchasing the coverage. So if MBI coverage will help your peace of mind, it could be a wise investment.
Things to Consider Before Getting MBI Coverage
If you’re considering MBI, consider a few things beforehand. Research how likely your car will need major repairs on the engine, transmission, or other parts before 100,000 miles.
Additionally, consider these questions before buying coverage:
- What does MBI coverage exclude?
- How much is the MBI deductible?
- How do I file a claim with my MBI?
- Is the MBI coverage transferable?
- Do I have to pay for anything upfront?
- What does the company consider an authorized repair shop?
- How do MBI renewals work?
You’ll learn quickly which mechanical breakdown insurance options will work best for you. As you research, inquire about overall costs, specific coverage exclusions, and anything else that seems important to you.
Top Providers for Mechanical Breakdown Insurance
Finding the best mechanical breakdown insurance in your area requires research. However, you can our online comparison tool below to get free quotes for mechanical breakdown insurance from different companies. This way, you can see how much each company charges and determine whether any options in your city will work for you.
Some of the best mechanical breakdown insurance companies include:
- Allstate Auto Insurance
- American Family Auto Insurance
- Geico Auto Insurance
- AAA Car Insurance
- Mercury Auto Insurance
If you already have an insurance policy with one of the companies listed above, you can call and speak with a representative to see how much it would cost to add MBI to your current insurance plan.
If you have an auto insurance policy with a different company, call your insurance company and see if mechanical breakdown coverage is available.
Mechanical breakdown insurance policies may differ from one company to another. So it’s a good idea to compare breakdown insurance options and prices from several companies before making final decisions on MBI.
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Insurance Requirements for a Broken-Down Car
When a car breaks down, understanding the insurance requirements becomes crucial for navigating the situation effectively. Knowing what coverage you need can help protect you from unexpected costs and ensure you’re prepared for roadside emergencies.
There are positives and negatives to owning a mechanical breakdown insurance policy. Some of the benefits of MBI coverage include:
- MBI coverage may help with more parts and issues than a standard extended warranty option.
- Mechanical breakdown insurance often costs less than an extended warranty through a dealership.
- With MBI coverage, you can choose where to take your vehicle for repairs.
- If you sell your vehicle, the new owner can continue paying for the same MBI coverage.
- You can cancel mechanical breakdown insurance at any time to avoid wasting money.
- You don’t have to make any large, lump-sum payments for MBI coverage.
If you’re wondering how to insure a car for one month, adding MBI coverage may increase your monthly auto insurance rates slightly. However, mechanical breakdown insurance typically costs around $8 per month. For those driving a new car, this coverage could be a worthwhile investment, as it can save you from paying for costly repairs out of pocket.
To sum up, knowing the insurance requirements for a broken-down automobile can help you not only deal with the difficulties of auto repairs but also guarantee that you will be covered financially in case of unanticipated events. For peace of mind when driving, be ready and have an updated insurance policy.
Predicting Potential Car Breakdowns
You can consider a few things to estimate whether you’ll need MBI insurance. First, assess how long you’ll likely keep your vehicle. If you plan to keep it for five years or more, you may want to invest in MBI. Newer cars are much less likely to break down. Find out how to compare auto insurance quotes.
Mechanical breakdown insurance provides peace of mind, covering costly repairs that typical auto policies often exclude.Jeff Root Licensed Insurance Agent
Remember that certain insurance companies will only cover a vehicle with MBI up to a certain mileage. For example, Geico mechanical breakdown insurance reviews say the company only covers vehicles up to 100,000 miles. So if you’re near that mileage before purchasing the coverage, there may not be a point in getting mechanical breakdown coverage.
You should also assess your vehicle’s reliability when determining whether you need MBI. For example, if you have a car that tends to break down more easily, an MBI plan would likely be in your best interest. You can research your vehicle online to learn about its reliability if you aren’t sure.
Lastly, remember that mechanical breakdown coverage won’t cover minor repairs. Since minor repairs are more likely, you may find that MBI isn’t worth the money, as it won’t help with the things happening most often with your vehicle.
What You Need to Know About Mechanical Breakdown Insurance
You may need mechanical breakdown insurance on a new car, especially if your extended warranty has expired. However, you may not need mechanical breakdown insurance for used cars, especially if it’s a certified, pre-owned vehicle with warranty coverage. Whether you should purchase MBI coverage depends on your car’s age, where you live, what vehicle you drive, and more.
You may live in an area like California, where you can’t purchase an extended warranty. Mechanical breakdown insurance in California can be a helpful and wise alternative if that’s the case. For more information, learn what proper auto insurance covers.
The best option for mechanical breakdown coverage helps you feel safe on the road and pays for itself after a major repair. If you’re worried about wasting money, MBI coverage may not be for you. Still, mechanical breakdown insurance may be a great option if you want peace of mind and don’t mind spending $8 every month. See if you’re getting the best deal on car insurance by entering your ZIP code below.
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Frequently Asked Questions
What is MBI insurance?
MBI insurance, or mechanical breakdown insurance, covers car repairs due to mechanical failures that occur outside of accidents. Unlike standard auto insurance, which primarily focuses on damages from collisions, MBI provides specific protection for issues that may arise as vehicles age.
How is car breakdown insurance different from regular auto insurance?
Car breakdown insurance is specifically designed to address repairs resulting from mechanical failures, while regular auto insurance covers damages due to accidents, theft, or vandalism. This distinction is crucial for drivers who want to ensure comprehensive coverage for their vehicle’s mechanical health.
What is the best mechanical breakdown insurance for new cars?
The best mechanical breakdown insurance for new cars varies depending on individual needs, such as coverage limits and premiums. Companies like Geico and AAA often provide top-rated plans, making them popular choices for new car owners seeking additional protection. Discover more about the different types of auto insurance.
Is breakdown car insurance necessary if I have a warranty?
While having a warranty can offer some protection, breakdown car insurance can complement it by covering repairs once the warranty expires. This can be especially beneficial for drivers who plan to keep their vehicles for an extended period.
What is mechanical breakdown coverage, and how does it work?
Mechanical breakdown coverage is designed to pay for repairs caused by the failure of key vehicle components, such as the engine or transmission. This type of coverage is crucial for preventing unexpected expenses and ensuring that drivers can maintain their vehicles effectively.
Can I get mechanical breakdown insurance for older cars?
Yes, many insurance providers offer mechanical breakdown insurance for older cars, though premiums may be higher due to increased risk of repairs. This coverage is especially valuable for owners of older models that may be more prone to mechanical issues. Learn more about getting cheap auto insurance for older vehicles.
What is the difference between MBI insurance and an extended warranty?
MBI insurance provides broader coverage for mechanical failures than a traditional extended warranty, which often has more limited protections. This means that MBI can cover a wider range of repairs and offer more flexibility in terms of what is included.
How does MBI insurance for used cars differ from standard MBI policies?
MBI insurance for used cars typically comes with higher premiums and stricter eligibility requirements compared to standard MBI policies. These differences reflect the increased likelihood of repairs needed for older vehicles that may have a history of mechanical issues.
Does auto insurance cover mechanical breakdown repairs?
No, standard auto insurance does not cover mechanical breakdowns; this type of coverage is specifically addressed under an MBI policy or car breakdown insurance. Drivers must seek out these additional policies to ensure protection against unexpected mechanical failures. Find out if auto insurance covers transmission repair.
What mechanical breakdown insurance companies offer the best rates?
Mechanical breakdown insurance companies such as Geico, Mercury, and Progressive are known for offering competitive rates alongside reliable coverage options. It’s advisable for consumers to compare quotes and reviews to find the best fit for their needs.
Explore your car insurance options by entering your ZIP code below and finding which companies have the lowest rates.
How does an MBI policy work compared to traditional car insurance?
An MBI policy specifically covers repairs for mechanical failures, such as those occurring in the engine or transmission, while traditional car insurance primarily focuses on damages resulting from accidents or theft. This distinction makes MBI a valuable option for long-term vehicle maintenance.
What is MBI extended warranty and how does it differ from standard warranties?
An MBI extended warranty provides extensive coverage for a wider range of mechanical repairs than standard warranties, often at a lower cost. This type of warranty can offer added peace of mind for car owners who want comprehensive protection for their vehicles. Learn how to find auto insurance quotes fast.
Does auto insurance cover mechanical breakdowns caused by normal wear and tear?
No, standard auto insurance does not cover mechanical breakdowns due to normal wear and tear; these situations typically require MBI auto insurance or mechanical breakdown coverage. Drivers should consider purchasing MBI to safeguard against these common repair needs.
Can I get mechanical breakdown insurance for older cars with high mileage?
Yes, some insurance providers offer mechanical breakdown insurance for older cars with high mileage, though the cost and availability may vary based on the vehicle’s condition. It’s essential to research options and get quotes from multiple providers for the best coverage.
How does MBI auto insurance protect against costly repairs?
MBI auto insurance covers major mechanical failures, such as issues with the engine or transmission, thereby shielding drivers from significant out-of-pocket repair expenses. This protection is especially valuable as vehicles age and are more susceptible to breakdowns. Find out if auto insurance cover engine failure.
What is mechanical insurance for older cars and is it worth it?
Mechanical insurance for older cars helps cover repairs for mechanical breakdowns that may become more frequent as a vehicle ages. For many owners, investing in this type of insurance can be worthwhile to prevent financial strain from unexpected repair costs.
How is MBI car insurance different from a typical car warranty?
MBI car insurance offers more flexible and comprehensive coverage compared to a typical car warranty, which often comes with specific limitations. This flexibility means that drivers have greater peace of mind regarding potential repairs and can choose the coverage that suits their needs.
How much does MBI insurance cost for an average vehicle?
MBI insurance cost varies significantly based on factors such as the make, model, age, and mileage of the vehicle, with average premiums generally ranging from $30 to $100 per month. It’s wise for consumers to compare rates and terms from various insurers to find the best deal. Find out the average auto insurance cost per month.
What is MBI coverage and why should I consider it?
MBI coverage protects against unexpected repair costs arising from mechanical failures, providing drivers with financial relief and peace of mind. This type of insurance is especially beneficial for those who wish to keep their vehicles in optimal condition as they age.
What auto insurance companies offer mechanical breakdown coverage?
Auto insurance companies like Geico, Mercury, and Allstate are known for providing mechanical breakdown coverage as part of their extended policy options. Exploring these options can help consumers find comprehensive coverage that meets their needs.
What is auto insurance mechanical breakdown coverage?
Auto insurance mechanical breakdown coverage is a type of insurance that helps cover the cost of repairing major mechanical issues that are not related to accidents. Unlike standard car insurance policies that cover collision or comprehensive claims, mechanical breakdown insurance (MBI) provides protection against repairs for issues like engine or transmission failures.
Does car insurance cover breakdown repairs?
Standard car insurance typically does not cover breakdown repairs. While your policy may cover damages from accidents or other incidents, repairs due to normal wear and tear or mechanical failure are not included. For this reason, some drivers opt for auto insurance mechanical breakdown coverage, which specifically covers these kinds of repairs.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.