Do I Need Mechanical Breakdown Insurance On A New Car?

What is Mechanical Breakdown Insurance?

Mechanical Breakdown Insurance (MBI) is a type of auto insurance that covers the cost of repairs for mechanical failures that occur after the manufacturer's warranty expires. While auto insurance typically covers the cost of repairs due to accidents, MBI covers repairs due to mechanical failures. Typically, MBI is offered by automobile dealerships when you purchase a new car, but it can also be purchased from other sources.

Do I Need Mechanical Breakdown Insurance On A New Car?

When purchasing a new car, it is important to consider the cost of repairs and maintenance. While a new car will often come with a warranty that covers the cost of repairs due to mechanical failures, these warranties are typically only good for a limited period of time. After that period has expired, the cost of repairs can become quite costly. As such, it is important to consider the purchase of Mechanical Breakdown Insurance (MBI).

MBI can be an invaluable asset for new car owners, as it covers the cost of repairs for mechanical failures that occur after the manufacturer's warranty has expired. Not only does MBI cover the cost of repairs, but it can also cover the cost of towing and rental vehicles should the need arise. MBI is typically offered by the dealership when purchasing a new car, but it can also be purchased from other sources.

Benefits of Mechanical Breakdown Insurance On A New Car

There are several benefits to having Mechanical Breakdown Insurance (MBI) on a new car. First and foremost, MBI can save you a great deal of money if you experience a mechanical failure after the manufacturer's warranty has expired. By having MBI, you can have peace of mind knowing that the cost of repairs due to mechanical failures will be covered.

In addition to covering the cost of repairs due to mechanical failures, MBI can also cover the cost of towing and rental vehicles should the need arise. This can be especially beneficial if the mechanical failure renders your car inoperable, as you will be able to have a replacement vehicle while yours is being repaired.

Conclusion

Mechanical Breakdown Insurance (MBI) can be an invaluable asset for new car owners, as it covers the cost of repairs for mechanical failures that occur after the manufacturer's warranty has expired. Not only does MBI cover the cost of repairs, but it can also cover the cost of towing and rental vehicles should the need arise. As such, it is important to consider the purchase of MBI when purchasing a new car.