Toyota Camry extended warranty: cost, coverage and plans
Why an extended warranty could make sense
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Toyota Camrys are known to have above-average reliability, but an extended warranty offers extra protection against unexpected repairs as the vehicle ages. This is particularly true for big-ticket items like the transmission, electrical components and wiring repairs.
We’ll break down what a Toyota Camry warranty covers, how much it costs, what your options are and whether a warranty is worth it in the long run.
All new Toyota Camrys come with a three-year/36,000-mile bumper-to-bumper warranty and a five-year/60,000-mile powertrain warranty from the factory.
Jump to insightQuotes we received for an extended auto warranty on a 2021 Camry ranged from $648.85 to $1,028.16 a year. That’s less expensive than the average cost of an extended warranty.
Jump to insightToyota has above-average reliability compared with other vehicles.
Jump to insightGetting an extended warranty on a Camry gives you peace of mind and protection against repair bills once the factory warranty expires.
Jump to insightToyota Camry extended warranty coverage
An extended auto warranty is an optional, paid extension of the factory warranty your Camry comes with. For context, Toyota Camrys come with the following warranties from the factory:
- A three-year/36,000-mile bumper-to-bumper warranty
- A five-year/60,000-mile powertrain warranty
Factory warranties follow the vehicle, not the owner. So if you buy a 2-year-old car with 20,000 miles on it, you still have one year or 16,000 miles worth of factory bumper-to-bumper warranty remaining.
For an extended warranty on your Toyota Camry, you have two options:
- Buy the official Toyota extended warranty, called Toyota Extra Care.
- Buy a plan from a third-party extended warranty company, which allows you to take your car to any ASE-certified mechanic for repairs.
Only 41% of Americans have enough in savings to pay for a $1,000 car repair out of pocket, and 13% say they have no way to handle a bill that large — even by borrowing.
Regardless of whether you go with an extended warranty from a dealer or a third-party provider, you’ll typically get the most value by purchasing whichever plan offers comprehensive, exclusionary protection (often called bumper-to-bumper or Platinum). These plans cover 90% or more of the parts on your vehicle. Less comprehensive Gold, Silver and powertrain plans are less expensive, but the coverage they provide may leave you no option but to pay out of pocket for pricey repairs.
Auto warranties only pay for repairs and replacements of specifically covered parts that fail from normal wear and tear, not from damage or accidents. Repairs generally aren’t covered under warranty if you don’t properly maintain the vehicle or you make aftermarket modifications.
In general, here are the differences between what a bumper-to-bumper warranty and a powertrain warranty cover:
| Warranty type | Typical coverage | Not covered |
|---|---|---|
| Bumper-to-bumper | ||
| Powertrain | Parts that create power and deliver it to the wheels | Parts not related to the engine, transmission or drive axle |
Note that some extended auto warranty plans fall somewhere between bumper-to-bumper and powertrain coverage.
» LEARN: What to know about manufacturers’ extended warranties
How much does a Toyota Camry extended warranty cost?
We were quoted $648.85 a year from olive for three years of bumper-to-bumper coverage for a 2021 Toyota Camry registered in Austin, Texas, with 40,000 miles. From Endurance, the quote for similar coverage was $1,028.16 annually for 30 months of coverage for the same vehicle with the same mileage. Both quotes assumed a $100 deductible. Note that both of these are third-party extended auto warranty companies.
The “official” Toyota extended warranty is called Toyota Extra Care, and it may cost less than a third-party option. Be sure to get a quote from your local Toyota dealer to compare your options.
In general, quotes for extended auto warranties vary based on coverage, vehicle, deductible, location and other factors. A 2022 Camry with zero miles typically has cheaper extended warranty options than a 2020 model with 50,000 miles, for example.
Compare quotes from multiple providers to be sure that you're getting a good deal on an extended warranty.
For context, the average cost of an extended warranty is around $1,000 per year of coverage. The quotes we collected for our hypothetical 2021 Toyota Camry were less expensive by comparison.
While you may get a lower quote for a powertrain plan, the downside is your coverage will be significantly less comprehensive. If the damaged part doesn't create power and deliver it to the wheel (e.g., engine, transmission, drive axle), you'll likely have to pay out of pocket for repairs.
Remember that some extended warranty plans, particularly those from manufacturers, start from the date that the original owner purchased the car. In such a case, if you're getting a "seven-year/100,000-mile" warranty and the factory warranty is three-year/36,000 miles, you're really paying for four years or 64,000 miles (whichever comes first) of additional coverage.
Is a Toyota Camry extended warranty worth it?
Yes, a Toyota Camry extended warranty is worth it. In general, an extended auto warranty is worth it if any of the following are true:
- Your vehicle has a bad reputation for reliability.
- The warranty costs less than you expect to spend on repairs.
- A big repair bill could hurt you financially.
- You don’t mind paying for peace of mind.
Toyota as a brand has above-average reliability, with J.D. Power ranking Toyota 2nd out of 29 car brands for overall dependability. As for the Camry specifically, RepairPal gave it a 4.0 out of 5.
Toyota Camry maintenance isn’t too expensive and they’re reliable cars. Still, an extended warranty for your Camry is very inexpensive compared to most vehicles, so the peace of mind that comes from purchasing a protection plan might be worthwhile.
Article Sources
ConsumerAffairs writers primarily rely on government data, industry experts and original research from other reputable publications to inform their work. Specific sources for this article include:
- J.D. Power, “Vehicle Dependability Slumps as Rate of Deterioration Increases, J.D. Power Finds.” Accessed Aug. 14, 2024.
- RepairPal, “Toyota Camry Reliability Rating.” Accessed Aug. 14, 2024.
