AmTrust’s Specialty Risk Surveys Consumers About Vehicle Protection Plans With new automobile technologies, many of which were showcased at CES 2019, cars are becoming extensions of a smart home. Buying a car is a big investment no matter the age of the customer, and consumers are looking for additional ways to protect their new purchases. In an effort to learn more about changing customer needs, AmTrust Specialty Risk commissioned a survey of 853 U.S. adults who currently own or lease a vehicle to learn more about their attitudes towards buying and using a vehicle service contract in our Vehicle Protection Plan Survey.
Vehicle Protection Plan Survey Findings A vehicle protection plan, also known as an extended warranty, provides consumers with additional protection on their newly purchased vehicle. It provides users with the confidence that their vehicle is protected from untimely and costly repairs associated with mechanical, electrical and electronic breakdown that may not be covered by the vehicles’ original manufacturer’s warranty.