If you're a Geico policy owner, then their mechanical breakdown policy is a great proposition to consider.
There are virtually no exclusions except for wear and tear items obviously. For example, if the AC is just not like new, they cover it.
And the real attraction is the price. Stipulations are, you must buy it for your new vehicle within the first 15 months/15K of ownership whichever comes first. Sure it overlaps the manufacturers policy but look closely at the following:
The premium per year is only $64 ($32 semi annual) for a new 2007 Odyssey driven in Illinois!
For example, buy the policy on the 14th month of ownership or before 15K have elapsed, and if you drive 15K/year this 7 year/100K policy will only cost you 6 years of premium or ~ $384!
And you do not pay for the total UP FRONT, a better way to distribute the cost.
Amortized out you find the yearly premiums are a much smaller percentage of typical "extended" warranties sold elsewhere. And you should compare this to the BEST warranties with broad sweeping coverages with little exclusions.
I've exercised this policy for several expensive repairs on previous vehicles. There is little hassle encountered from selecting my choice of repair facility, authorizing the work, and payment to all parties. Your deductible and the balance of the bill is issued the same day because Geico authorizes a company credit card payment immediately at the same time upon completion of job.
Understand a mechanical breakdown is vastly different from extended warranties in that you will encounter little resistance for your claim. And it covers virtually ANYTHING that goes awry....
I do not work for Geico but have had my fill of "lousy extended warranties" especially from independent sources and dealerships. My guess is a lot of the profits go to the selling sources in the form of upfront commissions.
Years ago, I had to go back to the Honda dealer in Torrance, CA 3 separate times before they fixed a leaking steering unit on my Accord under a "ex. warranty."
This in itself is a way to save big $$$ and may warrant a look into???? Especially if you plan to buy ANY new vehicle.