How much is car repair insurance per month?

Asked by: Terrance Rau PhD  |  Last update: June 4, 2025
Score: 4.7/5 (40 votes)

Auto repair shop insurance can cost as little as $25 per month¹ but the exact price will vary depending on your specific circumstances and needs.

How much is auto repair insurance per month?

Automotive businesses pay a median premium of less than $65 per month, or $778 per year, for commercial auto insurance. This policy can pay for third-party property damage and medical bills in an accident, along with vehicle theft, weather damage, and vandalism.

How much is monthly repairs on a car?

AAA encourages motorists to save at least $50 a month to cover routine maintenance and unexpected repairs. But because maintenance and repair costs can vary widely depending on vehicle make and model as well as location, Experian suggests setting aside closer to $100 per month to minimize unnecessary debt.

How much is CarShield a month?

CarShield plans typically cost between $149.99 and $169.99 per month.

What is the average cost of an auto repair?

According to Cars.com, the average cost of car repairs typically ranges from $300 to $500. While this is a good estimate, the real number depends on many different factors: the issue itself, the make of the car, your geographical location, how long you let the issue go before getting maintenance done and more.

Car Repair Insurance

21 related questions found

What car repair costs $1,000?

The 10 Most Expensive Car Repairs
  • Transmission. Estimated Cost: $1,000-$4,000. ...
  • Clutch Assembly Replacement. Estimated Cost: $1,000-$1,500. ...
  • Camshaft. Estimated Cost: $1,500-$3,000. ...
  • Engine Control Module (ECM) Replacement. Estimated Cost: $1,000-$1,500. ...
  • Hybrid Car Battery. ...
  • Catalytic Converter. ...
  • Head Gasket. ...
  • Suspension.

Does CarShield actually pay for repairs?

Does CarShield actually pay for repairs? Yes, CarShield is a legitimate extended car warranty provider that covers repairs according to the terms of your service contract. To better understand what is covered, review the sample of the recent CarShield claims.

How much does endurance cost a month?

Generally, a solid plan from Endurance costs between $70 and $120 per month. Factors influencing the cost include the vehicle's mileage, the specific plan you choose and your selected deductible level.

How old of a car will CarShield cover?

CarShield allows you to do just that. Whether your car is 5 years old or 10 years old; has 36,000 miles or 136,000 miles, CarShield has plans for it. Plans vary based on the age of the vehicle and the mileage, so it's best to purchase your Vehicle Service Contract when the Factory Warranty is about to run out.

How to afford car repair?

If you can't afford your vehicle's repairs, you can consider getting a loan to cover them. There are plenty of emergency loan options, such as personal loans, car title loans, lines of credit or credit cards. Asking a family member for a loan may also help. Also, don't rule out asking the repair shop for financing.

Is paying monthly for a car worth it?

Financing a car can be a good move if you don't have the cash to cover the cost of a vehicle or if you want to use your savings for other financial goals. However, the trade-off is that you will pay more in interest and be locked into a loan for an extended amount of time.

How much does a full car service cost?

Cost Of Major Service

On average, a major service costs $336 and takes approximately three to four hours to complete. However, the cost can range from $296 to $474, depending on the level of service provided.

How to get insurance to pay for car repair?

File a claim
  1. Call the police. If the damage to your car is a result of an accident, theft, or vandalism, call the police and have them file a report.
  2. Take pictures. ...
  3. File your claim. ...
  4. Assignment and tracking of the claim. ...
  5. Damage evaluation. ...
  6. Receive your claim settlement.

How much does a car repair plan cost?

On average, auto repair insurance can cost between $100 to $500 annually. This wide range depends on several factors, including the type of vehicle you drive and the level of coverage you choose. Example: A new car or a reliable used car might have annual rates as low as $100.

How much is the average monthly payment for car repairs?

Average cost of car repairs

According to AAA, car maintenance costs roughly $800 a year, or about $66 a month. This includes routine maintenance like oil changes, tire rotations, and multipoint inspections.

Is endurance cheaper than CarShield?

Endurance Cost

Expect to pay anywhere from $88 to $140 or more per month. That said, a bumper-to-bumper plan from Endurance costs about $351 per year of coverage, while the equivalent plan from CarShield costs about $1,440 per year of coverage.

Is endurance worth the money?

Endurance is a solid choice if you want peace of mind and vehicle protection for years to come. The company offers a combination of excellent extended car protection plans, strong customer service, affordable prices, and unique perks, like its year of free Endurance Elite benefits.

Does endurance deny claims?

While the instances involving denied claims at Endurance rarely happen, there is always the chance that a driver may experience one due to the use of aftermarket parts or modifications. This is why we always go over these precautions with potential customers, so they are fully aware of what they are getting into.

How much is CarShield per month?

How much does CarShield cost on average? CarShield plans typically cost between $150 and $170 per month. The price you pay will depend on your chosen level of coverage, deductible (there is typically a $100 deductible for each plan), and your vehicle make, model, age, and mileage.

What repairs are not covered by CarShield?

CarShield Exclusions

Mechanical breakdowns caused by lack of maintenance. Damage caused by unauthorized repairs. Parts that have been modified. Damage from work done at repair facilities that aren't ASE-certified.

Is car breakdown insurance worth it?

It may be worth it for some and not for others. For example, if you need to replace your engine, it might cost $4,000. That's significantly more than you are likely to spend on the insurance coverage and deductible. In that case, mechanical breakdown coverage could save you a lot of money.

Who normally has the cheapest car insurance?

Geico, Nationwide and Travelers are among the least expensive for car insurance. Americans are paying a lot for car insurance these days: Average annual rates for a full coverage policy are up to $2,638 per year, while minimum coverage averages $767 per year.

Is $100 a month too much for car insurance?

Paying $100 a month for car insurance is not particularly expensive. The average car insurance policy costs anywhere from $56 per month for state-minimum coverage to $176 per month for full coverage, and individual car insurance rates vary depending on factors such as your driving record, age and location.

What is the most expensive car insurance?

The average annual full-coverage premium now costs $2,329. California, Missouri and Minnesota could see car insurance costs increase by more than 50% in 2024. Maryland has the highest car insurance costs in the U.S., with an average full-coverage rate of $3,400 annually.