The world of car insurance is dominated by countless companies that just want to take advantage of the needs of owners to be covered against what might go wrong. Statistics show us that vehicle complexity is getting higher and higher as time passes. This automatically means that car repairs become pricier every single year.
It is enough to take a look at car loan statistics to figure out that this is the case. The length we normally see with such insurance policies is around 68 months. In a 5-year ownership period, the average breakdowns/repairs cost is around $2,000 to $3,000. This is why a deal like olive’s has to be taken into account.
Who Is Olive?
Olive is the name of the company behind Olive Insurance Solutions. This is an insurance provider that has been around for almost 15 years now. The firm, together with the affiliates have been offering mechanical breakdown coverage for a really long time now and the company wants to change the way in which the industry works.
What is very interesting is that we are looking at an insurance company that keeps evolving and constantly changes its offering so that it best suits the clients. This can clearly be seen through its specialized packages, like the Ford warranty deal that is meant to cover specifically the problems that are associated with this brand. Coverage is available for the most common of the models and specific deals can be arranged for others.
There are countless different insurance companies that you can contact when you need extended car warranties. However, most of the policies on the market at the moment are not at all great. They include countless loopholes that exist and that have to be taken into account. With olive, things are different as their process is fully optimized so it can be handled through the internet.
When you want to buy an insurance policy from olive, you go through the following steps:
- Free Online Quote
All you have to do is visit the website offered by olive and request a free online quote after creating an account. This is very easy to do from practically any location and device that is connected to the internet.
- Customize The Plan
There are countless different plans available to cover absolutely all adventures. This includes various things ranging from low-mileage weekend trips to high-mile commuting.
- Get Covered
After signing the documents you are sent, you are covered for everything included in the policy.
As you can see, the process is very simple and you do not have to worry about any hidden parts. Car repairs are higher and higher all around the US and there is no sign that this is going to change. Just think about the Ford example mentioned above. With such a vehicle, labor costs for Ford cars cost around $100 per hour. Add the money you pay for costs and you can quickly see how olive can help you.
One thing that many do not know is that when you buy an extended warranty coverage for a used vehicle, you normally agree to what is covered and what is not. If you do not have this insurance, you basically cannot do much since you end up paying thousands out of your own pockets. With olive, you are covered and all the repairs are taken care of.
Olive’s process is transparent and straightforward. This brand is changing the insurance industry by relying on an online experience. Those that want coverage for their vehicles get a quote online and then they are insured if they agree to the deal. This is very beneficial.