Couple of factors to consider in answering your question:
1) Is any insurance worth it? Yes, it your have something bad happen to you (medical insurance), your house, your car, life, earthquake, flood, renters insurance, etc.
But however, if you were lucky and lived your whole life without a house insurance claim, the thousands, or for many the "more than $10,000" most spend on house insurance during your lifetime, well we have just wasted the $10,000+. But all that house insurance money could have replaced your house if you had a total house fire.
2) Which then leads to the second question more directly to your thread, which is if you have a major auto claim, say your transmission blows up at either just beyond our warranty's mileage or time limits, can you afford the roughly $4,000 to pay for a new one out of pocket, or will your extended warranty "already have paid for that new transmission" yet still be available for other claims during your first ten years?
So the question of whether an extended warranty is worth is comes down to predicting (most of us are lousy at that), what are the chances of incurring a car claim that would cost us over the cost of our extended warranty compared to what we could sort-of-comfortably afford if something on our car went wrong at the wrong time.
As a personal example, I do not have extended warranty on my WRX, nor will I have one on my upcoming wife's daily driver (Mazda 3 GT), but I do have an extended warranty on my 2015 Z06 -- because replacing its replacing its motor alone is $30,000 a cost that would reek havoc in our life.
BTW, two other things I think are important for all to consider:
1) For many brands, though I do not know about Subaru, you can bid out the purchase of extended warranties between dealers in most states (I saved $800 when I bought the identical GM coverage for my Z06 by bidding it out to four dealerships compared to my "home dealership"); and,
2) Third party warranty (insurance bought other than from a dealership) are most of the time, a major rip off because when it comes down to filing a claim, somewhere in their many page document, they most of the time seem to find a reason why your particular warranty claim is not covered.
Hope some of this is helpful to you and/or other forum members.
1) Is any insurance worth it? Yes, it your have something bad happen to you (medical insurance), your house, your car, life, earthquake, flood, renters insurance, etc.
But however, if you were lucky and lived your whole life without a house insurance claim, the thousands, or for many the "more than $10,000" most spend on house insurance during your lifetime, well we have just wasted the $10,000+. But all that house insurance money could have replaced your house if you had a total house fire.
2) Which then leads to the second question more directly to your thread, which is if you have a major auto claim, say your transmission blows up at either just beyond our warranty's mileage or time limits, can you afford the roughly $4,000 to pay for a new one out of pocket, or will your extended warranty "already have paid for that new transmission" yet still be available for other claims during your first ten years?
So the question of whether an extended warranty is worth is comes down to predicting (most of us are lousy at that), what are the chances of incurring a car claim that would cost us over the cost of our extended warranty compared to what we could sort-of-comfortably afford if something on our car went wrong at the wrong time.
As a personal example, I do not have extended warranty on my WRX, nor will I have one on my upcoming wife's daily driver (Mazda 3 GT), but I do have an extended warranty on my 2015 Z06 -- because replacing its replacing its motor alone is $30,000 a cost that would reek havoc in our life.
BTW, two other things I think are important for all to consider:
1) For many brands, though I do not know about Subaru, you can bid out the purchase of extended warranties between dealers in most states (I saved $800 when I bought the identical GM coverage for my Z06 by bidding it out to four dealerships compared to my "home dealership"); and,
2) Third party warranty (insurance bought other than from a dealership) are most of the time, a major rip off because when it comes down to filing a claim, somewhere in their many page document, they most of the time seem to find a reason why your particular warranty claim is not covered.
Hope some of this is helpful to you and/or other forum members.
