Progressive, a well-known car insurance company, offers more than just typical insurance offerings. They also provide the option for mechanical breakdown insurance (MBI), also known as the Good Sam Extended Service Plan. In this article, we will explore MBI from Progressive, detailing what it covers, how much it costs, and whether it is worth the investment. Additionally, we will provide recommendations for other top car insurance companies that offer MBI based on our research.
Progressive’s MBI covers major mechanical failures that occur outside of an accident. This means that if your car experiences a breakdown due to a major mechanical issue, such as a transmission failure, Progressive’s MBI will cover the repair costs. In addition to covering repairs, MBI from Progressive also includes perks such as choosing deductible options, using any repair shop in the U.S. or Canada, rental car and trip interruption coverage, and the option to pay monthly or annually.
When it comes to qualifying for Progressive’s MBI, there are different requirements for buying a new policy versus renewing an existing one. For new policies, vehicles must be 15 model years or newer with less than 100,000 miles. However, existing policies can be renewed for up to 18 model years or 150,000 miles. Progressive’s MBI is available in all states except New York and Indiana, making it accessible to a wide range of customers.
Mechanical breakdown insurance is designed to cover the costs of major repairs to your vehicle that are not related to an accident. Major repairs can be expensive, with the average repair cost estimated at around $4,000. MBI provides peace of mind knowing that if a major issue arises, you will be covered financially. It is especially beneficial for those who do not have a significant amount of money set aside for unexpected car repairs.
When comparing MBI to extended car warranties, there are some key differences to consider. MBI typically has longer coverage terms than extended warranties and is often more affordable. Progressive’s MBI policies range from $125 to $1,200 per year, depending on the vehicle type and deductible chosen. While the cost may be slightly higher than other options, the comprehensive coverage and longer service contracts make it a worthwhile investment for many drivers.
In conclusion, Progressive’s Mechanical Breakdown Insurance is a valuable option for those looking to protect themselves from unexpected car repair costs. While it may cost a bit more than some alternatives, the coverage and benefits provided by Progressive make it a solid choice for those seeking peace of mind on the road. Additionally, we recommend exploring other top car insurance companies that offer MBI, such as Geico and Allstate, to find the best coverage for your needs.