Car warranties, traditionally, required car owners to pay up front or make a large down payment for years of coverage. This format resulted in car owners have to spend hundreds or even thousands of extra dollars when they made a car purchase. Toco decided to create an auto repair protection service that functions the same way as a utility bill. With Toco, customers pay a small amount each month to ensure that their vehicle is protected.
- Plan options
- Plan benefits
Assuming the vehicle meets Toco service requirements, there is a plan that will provide the coverage needed to protect you. Each plan was created to protect vehicles based on mileage and age. There are four different plans available through the Toco platform, including:
- Orange – designed for vehicles under 60k miles and five years of age. This is the most comprehensive Toco plan.
- Yellow – designed for vehicles under 100k miles and 10 years of age. This plan features additional technology coverage.
- Green – designed for vehicles under 100k miles and 10 years of age.
- Blue – designed for vehicles under 175k miles and 20 years of age.
Regardless of what plan a vehicle is covered under, all Toco customers receive similar benefits. Applied benefits include: no down payment, affordable monthly payments, pay as you go options, simple claims process, and nationwide repair facilities. Additionally, there are benefits outside of car repair that customers can take advantage of. These additional benefits include: 24-hour roadside assistance, trip interruption coverage, rental car benefit, and hotel/motel discounts.
While there are some differences in plan coverage, the major discrepancy between plans will be the monthly costs. That means that all of the Toco vehicle service contracts cover: engine, electrical, transmission, cooling system, drive axle, and air conditioner repairs.
Differences in plan coverage do exist. Some VSC plans will cover repairs in additional categories on top of the regular coverage. With a more comprehensive plan, customers can receive coverage for: transfer case, turbo/supercharger, steering, brakes, fuel system, suspension, electronic high tech, technology package, modern features package, and applicable taxes and fluid.
In the even that a Toco customer purchases a new vehicle while coverage is still in effect, the ability to transfer is available. Specific documentation will be required along with a transfer fee in order to switch over coverage, but customers will not have to cancel their current plan and apply for a new one with the transfer capabilities.
- Cancellation fees
- Vehicle Requirements
- Unavailable areas
There are no long-term commitments, but cancellation prior to the contract ending may result in a cancellation fee having to be paid. Contracts are generally three years, but there is also a mileage limit. The contract expires at the end of the agreed upon year or whenever the mileage limit is hit. While you can technically cancel the contract at any time, a fee of $50 or 10% of the vehicle service contract price may apply.
Each Toco plan only accepts certain vehicles based on a couple of factors. However, vehicles have to be eligible for a Toco plan to begin with. The car must have fewer than 175,000 miles and must be less than twenty years old in order to get a plan. If your car exceeds either of these limits, it will not qualify for a Toco plan.
Even though Toco is a national warranty provider, there are still states that do not accept their services. Residents of Alaska, Missouri, and Washington will not be able to purchase a Toco plan because their services are currently not available in those states.
Frequently Asked Questions
How much do Toco plans costs?
Each service contract cost will vary. There are a number of factors that go into determining the cost, including: make, model, year, and mileage. Free quotes are available to find out how much you can expect to pay each month.
Are all repairs covered?
Not all repairs are covered, but those that are can be found within the terms of your contract. It will explicitly detail what is covered and what is not. Check the exclusions section of your vehcile service contract to see what repairs are covered.
Is there a waiting period?
All Toco plans require a waiting period before coverage goes into effect. The waiting period typically lasts 30 days, but will ultimately depend on your driving habits. The mandatory waiting period exists to ensure that Toco can trust your car is in working order.
Is there a deductible?
There is a deductible for repairs. Each deductible amount is listed on the registration page of your vehicle service contract. Once a part is repaired or replaced under the terms of your contract, and your initial deductible is paid, you will not be required to pay a deductible for any future repairs to that same vehicle part.
Can I use any mechanic?
Whether you use your local mechanic or go through the dealership, coverage will still apply. The only requirement is that the mechanic/dealership is a state-licensed repair facility.