Land Rovers are considered to be luxury vehicles. This means that most people will expect that everything related to them from parts to service, to warranties, might be more expensive than for other vehicles.
Luxury cars have a luxury markup in most cases, and this almost always makes the cost of their warranties increase to meet this markup. Parts can also be hard to source for these vehicles, which can lead to increased costs for warranty protection as well.
The extended warranty for Land Rover vehicles will cost you $1,200-$1,400 per year of coverage. Most of these warranties are sold for a range of years at a time, and common warranty terms are 4-7 years.
This means that the total cost for your warranty for 4 years will be $4,800-$5,600. If you want to understand more about why these extended warranties cost so much, read on and we will discuss this cost further!
- How Much Do Land Rover Repairs Cost?
- How Much Are Land Rover Extended Warranties Direct From The Company?
- How Much Will You Pay in Mark Up When You Are Looking for an Extended Warranty?
- What Are the Deductibles on These Warranties?
- Does Your Location Affect Your Repairs Cost?
- Land Rover Extended Warranties Are Usually Worth the Cost
How Much Do Land Rover Repairs Cost?
This is a factor that might cause you to decide that you do not want to have extended warranty coverage for your vehicle. Land Rovers are expensive vehicles to buy and their parts are spendy as well.
It can be tough to source these parts for repairs, and there are also a lot of mechanic shops that will not work on Land Rovers. If you are thinking about getting this extended warranty for your Land Rover, you should probably be aware of what you would be paying for repairs without the warranty in place.
This can help you to determine if the extended warranty is worth your money.
|Repair||Cost with Labor|
|Suspension System Failure||$2,000-$2,200|
|Vehicle Height Sensor||$180-$250|
If you think about the costs of these repairs, you can see how an extended warranty would help you handle these common problems with ease. While the cost of the extended warranty might seem steep when you are looking at it by itself, the costs of repairs are clearly offset by these warranties.
There are various kinds of warranties that cover different items depending on which company you are shopping with. You should consider that these are the most common problems that you could run into and look for warranties that offer coverage for all the common problems.
The other factor that you need to consider is that some models of Land Rover are more prone to some of these issues than others. You might want to focus your search on warranties that cover common problems for your make and model of Land Rover if you think that you are likely to have specific repair needs for this vehicle.
Sometimes a more broad spectrum warranty will exclude more advanced repairs or repairs for large parts of the engine or the car itself.
How Much Are Land Rover Extended Warranties Direct From The Company?
The cost for these kinds of warranties is often higher than what you might pay for the coverage that you buy from a broker. This might be because there are more repairs included in the warranty but it can also just be dealer markup for these kinds of items.
You can expect to pay around $1,400-$1,600 a year for a factory warranty for your Land Rover. The nice part about working with the dealer for this process is that you will know for sure what is covered and there will be specific allowances made for the cost of labor that dealers might want to mark up.
How Much Will You Pay in Mark Up When You Are Looking for an Extended Warranty?
This is one of the factors that people are not commonly aware of when they are looking at the cost of their extended warranty products. You will find that some brokers charge quite a large markup when compared to other entities.
The standard markup for extended warranty policies is $200-$500. The fair market price of many of the most robust extended warranties is around $5,500.
This means that you might spend $6,000 to get this policy through a broker. This cannot usually be avoided, but it might make you more aware of the need to shop around for the right price if the cost seems really high to you.
Some brokers will charge a large markup and some will gravitate toward the lower end of the spectrum.
What Are the Deductibles on These Warranties?
One of the costs you will need to consider when looking at these policies is the deductibles. While this is not an actual purchase cost of the warranty, this is a cost that you will have to pay when you use your warranty.
Deductibles are a commonly overlooked portion of the process of selecting an extended warranty based on cost. Many of the policies that are on the market have deductibles of $100. This is a small fee for the benefit of having these large repairs covered fully by the insurance policy.
There can be some variety when you are looking into the warranties that Land Rover offers directly, and some owners report deductibles that range from $0 to $300.
Most of the services that we have discussed are far more than even the $300 deductible, but you might still think that $300 is too high a price to pay for an expensive warranty to be used.
Some policies offer different increased deductibles if your Land Rover is old or is a certain make or model that has common issues that will need lots of attention over time. What Are Some Other Items That are Covered With an Extended Warranty?
There are some other items that might be covered under your extended warranty. You might not have considered these items, but they can be a big saving to you if those smaller items decide to fail on your Land Rover over time.
|Part||Cost of Repair With Labor|
|Blind Spot Monitor||$850-$1,200|
As you can see, nearly every repair on your Land Rover will be quite expensive. Not every policy will cover these additional items, but it might be worth it to look at a more comprehensive policy if you wish to have access to coverage for these items as well.
Some people just assume that their policy will cover engine replacement, but that is not common. Make sure that you ask specific questions of your broker or even the dealership and look carefully at the exemptions that are listed on the policy. Any item that is exempt will not be covered by your policy.
This is why you need to carefully consider the costs of all of these repairs to determine if you can afford to cover the items that are not included in your policy out of pocket.
Does Your Location Affect Your Repairs Cost?
There are some limited locations where your cost of repairs might be higher than average. Your extended warranty might have some limitations on the total cost for these repairs.
This usually only happens if you are getting your work done in a large city, or in locations that do not have access to services for this kind of vehicle. The warranties that you can buy for these services usually keep in mind that labor is more expensive at Land Rover dealerships.
That being said, in some locations, labor overall for car repairs can cost two or three times as much as what is expected. There may be caps to this part of the cost covered by your warranty and you should inquire about these details before you select a policy.
In large city centers as well as areas that do not have access to local Land Rover Dealerships, labor per hour can be as much as $200 an hour when compared with the industry average of $70. This is something that really drives up costs, particularly on the replacements of large items like engines.
This might only come into play if you are not working with a Land Rover-issued warranty. The more that you know about the cost of repairs and labor in your area, the more likely you are to find the right extended warranty for your needs.
Land Rover Extended Warranties Are Usually Worth the Cost
Land Rovers are expensive vehicles to care for. Once your factory warranty has run out, almost every repair that your vehicle will need could be as much as $1,000-$2,000. This can really add up, especially if you drive your Land Rover a lot.
This is where extended warranties can really save the day. Make sure that you do your research into the details of the warranty and what is covered by it. If you locate a quality warranty, this is probably a great choice to make for your Land Rover repair needs during the time that you own this car. You may be interested in our guide on Range Rover Air Suspension System Repair Cost