Toco Extended Car Warranty [Review + Guide]
I am a serial entrepreneur and a consumer advocate. When I’m not helping car buyers, I love working on ventures that have a positive impact.
I run a cause marketing agency and serve on the board of Vayu Global Health where we are disrupting the medical industry and preventing the needless deaths of mothers and babies during childbirth.
We’ve all been there: major repairs after the factory warranty expires. That’s when extended warranties from places like Toco step in.
Instead of making you wade through all the many options for third-party extended warranties, our expert editors are doing that for you. This time around, we’re putting Toco’s extended car warranty to the test.
Toco claims to change how we protect our vehicles. But do they hold up to this promise?
Today, we’ll share our honest opinion about Toco's extended warranties.
Table of Contents
- What Is Toco Extended Warranty?
- Toco Extended Auto Warranty Review – The Good & Bad
- Toco Extended Car Warranty: Is It Worth It?
- Which Toco Plan Should I Get?
- What Does Toco Cover?
- What Does Toco Not Cover?
- Toco Extended Car Warranty Costs & Savings
- Toco Warranty Coverage Plans
- Toco Extended Warranty Additional Benefits
- How to File a Claim with Toco
- How to Cancel Toco Extended Warranty
- Toco Customer Reviews & Complaints
- Alternatives to Toco Extended Warranty
- Best Car Deals by Category
- Frequently Asked Questions
Disclosure: I sometimes receive compensation from referrals to companies I mention, but that does not impact my opinions and helps keep this website going. And I only recommend providers that will genuinely benefit my readers.
What Is Toco Extended Warranty?
Founded in 2013, Toco is an extended warranty provider located in California. Their plans are fulfilled through AmTrust Financial Services.
Overall, they have a positive reputation in the industry and may be a solid choice for your extended warranty.
Can I Trust Toco?
Toco has a solid reputation, with a strong A+ rating from the BBB along with accreditation. They quickly address any complaints.
Additionally, they have 4.48 stars out of 5 on the BBB from customer reviews, suggesting that they offer trustworthy service overall.
How Does Toco Work?
Toco aims to provide affordable extended warranty service to all. They do not require a down payment and pride themselves on affordable monthly fees.
Is Toco Available in California?
As a California-based company, Toco does offer coverage in California. They do not provide vehicle service contracts but instead offer mechanical breakdown insurance in the state.
Toco Extended Auto Warranty Review – The Good & Bad
Toco Pros
- Covers many vehicles types and conditions
- Strong customer reputation
- Coverage in California (mechanical breakdown insurance)
- Does not require a down payment
Toco Cons
- Does not provide coverage in Missouri, Alaska, or Washington
- $50 cancellation fee after 60 days
Toco Extended Car Warranty: Is It Worth It?
A Toco extended warranty can certainly be worth it! The company offers multiple plan levels and demonstrates a commitment to customer service. They even offer mechanical breakdown insurance in California. Unfortunately, Toco does not provide coverage for EV or Hybrid batteries.
However, Toco is not necessarily the best choice for everyone. You should consider your vehicle age, make, model, and condition, as well as how long you plan to keep the vehicle, before getting an extended warranty.
If you determine that an extended warranty is right for you, you should compare several quotes to decide on the best provider for you.
Which Toco Plan Should I Get?
What Is the Best Toco Extended Warranty for New Cars?
The Orange plan is best suited for new cars or vehicles up to 5 years old/60,000 miles. It offers the most comprehensive coverage.
What Is the Best Toco Extended Warranty for Used Cars?
Toco has several options that can work well for used cars, depending on their age and condition. For significantly older vehicles with many miles, the Blue plan (basic powertrain coverage) is ideal. It’s an affordable option that can still protect your vehicle’s most essential parts.
What Does Toco Cover?
The coverage you can expect from Toco varies depending on which plan you choose. The highest tiered plan offers exclusionary bumper-to-bumper coverage, while the most basic plan offers only powertrain coverage. Here are some examples of commonly covered parts:
- Engine
- Transmission
- Main Electrical Components
- Drive Axle
- Brakes
- AC
- Cooling System
- Steering
- Steals & Gaskets
What Does Toco Not Cover?
Toco does not cover the same things that many other extended warranty plans won’t cover, including:
- Routine Maintenance
- Repairs for Prior Issues
- Weather Damage
- Normal Wear and Tear
- Collision Damage
- Tires & Wheels
- Cosmetic Issues
Toco Extended Car Warranty Costs & Savings
The cost of your warranty will vary depending on your vehicle details and the plan you choose.
Many customers praise the affordability of Toco extended warranties and their pay-as-you-go options. You won’t need to pay a down payment either.
While the actual cost can fluctuate significantly, the average cost is around $2,800.
Toco Warranty Coverage Plans
Toco has four warranty plan options. Here’s a breakdown of each:
Level I (Orange Plan)
The Orange plan offers exclusionary, bumper-to-bumper coverage. This means that it only lists the parts that are not covered. It’s the most similar to the factory warranty.
Level II (Yellow Plan)
The Yellow plan offers fairly comprehensive coverage. It lists out each covered part.
Level III (Green Plan)
The Green plan is “enhanced powertrain coverage.” It covers the powertrain and several other key components that are listed.
Level IV (Blue Plan)
The Blue plan is basic powertrain coverage, which is ideal for very old or high mileage vehicles.
Toco Extended Warranty Additional Benefits
Every extended warranty plan from Toco includes some additional benefits, including:
Rental car reimbursement for up to $35 for every 4 hours your car was being worked on (up to $175) per repair visit.- Trip interruption coverage, including lodging and meals for up to $100 per day for up to 3 days if the mechanical issue happens more than 100 miles from your home.
- Motel/hotel discounts on Hotel.com bookings and a 5% rebate if you send your receipt to Toco.
- Roadside assistance includes towing, flat-tire assistance, locksmith, and jump-starts.
How to File a Claim with Toco
Filing a claim with Toco is easy. Here’s how it works:
- Bring your vehicle to a state-licensed repair shop of your choice.
- The mechanic should assess the issue and contact Toco.
- You pay the deductible and Toco will pay the covered repairs directly to the facility.
How to Cancel Toco Extended Warranty
Toco’s refund policy lasts for 60 days. Within the first 60 days, you can cancel if you have not filed a claim. If you cancel within the first 60 days, you receive a full refund.
You can still cancel after the 60 day period, but you will receive a prorated refund and need to pay the $50 administration fee.
Toco Customer Reviews & Complaints
Many positive customer reviews talk about how quickly Toco covers the claims. Many customers praise the overall experience and good customer service.
Of course, there are still negative reviews. Some negative reviews express frustration that claims were denied that they believed should be covered.
Some negative reviews are normal for any company, especially in the extended warranty industry. It’s worth noting that Toco responds promptly and works hard to resolve complaints.
Alternatives to Toco Extended Warranty
Toco has a reputation for being flexible and affordable for extended car warranties, but it’s not the only option. Before choosing a provider, be sure to compare all o the top players. Here are some of the alternatives to Toco:
Endurance: Endurance is a well-known and respected extended warranty provider. They provide direct-to-consumer warranties and six plans to choose from. They also offer stellar benefits with each plan. Learn more in our full Endurance review.- CarEdge: CarEdge is a newer extended warranty provider that’s already earned a positive standing with consumers. They offer affordable plan choices and excellent customer service. Read our full CarEdge extended warranty review to learn more.
- Olive: Olive.com is also a newer provider. They are a digital company looking to disrupt the industry in a positive way for consumers. Read more in our Olive.com review.
