What Are the Typical Costs Associated With Repairing Your Vehicle?
More than one-third of all vehicles experience a failure in a given year. The average warranty holder will make 4-5 claims over the life of their warranty contract.
Car owners who do not have an extended auto warranty will frequently put off needed repairs until they can afford them. This delay often results in additional damage to the vehicle, and can create unsafe driving conditions.
Today's vehicles are extremely complex and contain many electronics, high tech sensors and computers that frequently need to be replaced due to failure. While engines and transmissions are more reliable than ever it's these other parts that most frequently fail. As vehicles get more and more "high tech", associated repair costs are forecast to rise dramatically.
Below Are Some Examples:
| Component |
Current Cost |
Cost in 5 Years |
| Engine |
$2400 |
$3254 |
| Transmission |
$1700 |
$2738 |
| Brakes |
$1050 |
$1525 |
| A/C System |
$900 |
$1322 |
| Power Steering System |
$950 |
$1456 |
| Fuel Injectors |
$1025 |
$1471 |
| Electrical System |
$525 |
$794 |
| CV Joints |
$350 |
$515 |
| Suspension |
$450 |
$686 |
| Oxygen Sensor |
$536 |
$692 |
| Radiator |
$380 |
$495 |
| Instrument Cluster |
$250 |
$392 |
