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Last Updated: December 17, 2022
Buying a car might be the most significant investment of your life. You always rely on your vehicle to get to everything you want. Unfortunately, if your car stops working, you will be dealing with costly repair bills. If you have been shopping for car protection, you may have heard about olive car warranty coverage.
Olive car warranty claims that you can get a quote within less than 60 seconds, handle everything online without requiring human interaction, and purchase a package that fits well to your needs. But is it worth your money, time, and effort? Our unbiased Olive car warranty review will help you uncover every aspect of this online warranty platform.
When you buy a new vehicle, it is essential to have insurance to protect yourself from expensive repairs and accidents. But what if the car has some mechanical issues or breaks down outside its original warranty? Car repairs and breakdowns are about 50 times likelier than car accidents, resulting in financial burdens. You can avoid this unwanted situation by signing up for an Olive car warranty.
Olive.com is a brand-new online car warranty platform, but Olive and its affiliates have been in the business market for more than 12 years. Olive started its journey by offering mechanical breakdown insurance in California and then expanded to providing an extended olive warranty in the country's different states. Olive's vision is to help many drivers avoid unnecessary payments for car repairs. Surprisingly, Olive was considered one of the top-ranked car warranties of 2022 by ConsumerAdvocate.
Olive has gained massive penetration in the industry for numerous reasons. It provides customers with subscription-based billing that they can cancel at any time. The Olive auto warranty has a 4.7 stars rating from reviews on Google and A+ ratings from the Better Business Bureau (BBB).
Olive's extended warranty coverage is straightforward to use and understand. To get started, you have to complete a short quiz. The quiz results will help the company to customize your Olive auto warranty plans, giving you a personalized rate. The best part of Olive's extended warranty is that you don't have to wait for weeks to get started. After signing up, you'll be covered within 24 hours.
Olive offers three different plans to cover the needs of every customer. Depending on your needs and budget, you can get choose any of the following plans:
Olive's powertrain plan covers your car's most expensive parts, including lubricated transmission and engine parts.
Powertrain Plus covers more than just your car's main and expensive parts. It includes the coverage of your car's power steering, AC, brakes, and front suspension.
Olive's complete care plan covers almost every part of your car. It is one of the most comprehensive plans offered by Olive, but it does not provide coverage for tires and windshield wipers.
Aside from Olive's extended car warranty coverage, the company offers some extras to make breakdowns less expensive. For example, all the plans provided by Olive have towing reimbursement of up to $100 per breakdown. The company also provides rental car reimbursement with every program, including coverage up to $35 per day for five days.
Pros
On average, Olive's most extended warranty plans may cost between $30 and $80 per month. But the ultimate cost of your Olive car warranty depends on which plan you choose and the condition of your vehicle.
With $250 per year, Olive's vehicle protection plans are the most affordable ones in the market. A typical Olive warranty plan starts at $750 for three years, which includes a monthly payment of $64 and a total cost of $2300.
The olive warranty protects from the tidal wave of mechanical repair bills. Some of the thoughtful features of the Olive auto warranty include:
Olive only requires you to fill out lengthy and complicated forms. The company has no 30, 60, or 90 waiting day periods. Instead, it gives you flexible, quick, and hassle-free coverage.
Olive allows you to purchase your favorite package online without requiring human interaction. From your first click to the final payment, no salesperson will pressure you to buy what you don't need.
Olive enables you to choose your deductible so that you can have a more significant impact on the final cost of your coverage plan. The company even lets you see the effect your deductible will have before buying.
Olive auto warranty plans have three deductible options $100, $250, and $500. It means between three deductible and three pricing plans; Olive lets you choose from the nine total pricing points.
Olive does not provide coverage for everything like extended car warranty companies. For example, Olive's warranty plans don't cover pre-existing issues, whether car owners know about them. It is because the company neither has any waiting period nor requires any inspection before coverage.
Olive is very serious about pre-existing conditions. On every page of the official website, Olive makes a clear statement about the exclusion of pre-existing problems. In addition, the company is honest and clear about its offerings, coverage, and exclusions.
Besides pre-existing conditions, Olive warranty plans also don't provide coverage for the following situations:
Getting a quote from Olive takes no time, as you need to provide only the necessary information. Olive lets you go back during the process and update your information. The website also saves your data, so you can shop and return whenever possible.
After providing your information, you agree and make your first payment online. Coverage may start only after a few hours you signup for an Olive car warranty.
The claim filing procedure of Olive is relatively straightforward. The company lets you use any ASE-certified repair shop to repair your vehicles. Olive is a digital car warranty platform where you can claim repairs online. If your claim approves, you only have to pay the deductible.
You can also directly call Olive to file a claim. In that case, you don't need to pay up-front if your mechanic and Olive work together.
Olive has maintained an excellent standard among customers and experts alike. The car warranty coverage of the company has a 4.7 overall rating, making it one of the most reliable online car warranty providers. However, the company also has some negative customer reviews, which we have shared below to give you deeper insights into the effectiveness of the company.
"The professionals of Olive were straight up with the prices and they required no down payment to start. Olive gave me peace of mind about my vehicle repairs." (KELLY R. VIA GOOGLE)
"Thank you, Olive, you guys are a game changer. I've had my Olive warranty plan for about six months now and I'm satisfied with the coverage." (GREG W. VIA GOOGLE)
"Olive denied my claim because they said that my car's engine failure was pre-existing. How could anybody know that?" (MEL M. VIA GOOGLE)
Olive car warranty is ideal for drivers looking for that extra piece of mind when driving their cars. Olive is a legit digital-warranty company that is rated A+ by BBB. Above this, Olive car warranty reviews from different customers highlight its effectiveness and credibility.
With its instant coverage, hands-free signup process, and affordable plans, Olive is one of the most reliable companies you can trust to get a car warranty.
Our expert review team is committed to providing honest and objective information. Based on consumer data, we identified the following rating categories and did extensive research to determine the top extended auto warranty providers.
Steven Dillon
Author
Steven is the founder and product tested for The Car Data, that has extensive knowledge in automotive industry. While most of his free time he participates in typical "car guy" activities, his passion for cars, data analytics, and tech, always has his looking for the next cool tool, software, trend, etc. to share with his audience on The Car Data or on his Instagram.
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