In This Article
Key Points:
- Olive is one of the few companies that offers quotes 100% online
- Olive’s modern website makes it easy to compare plans at a glance
- Olive offers three plans and can cover up to 185,000 miles on the odometer
Once you visit Olive’s website you can tell it stands out. The company’s modern site was built for the digital generation. It’s easy to compare coverage options and get a quote in a few clicks. But is Olive the best option for a plan? We’ll cover Olive in detail and compare it to some of the best extended car warranty companies.
Our Top Pick
After reviewing 20 companies, we’ve determined that Endurance is our preferred option for extended car warranties.
- Unlimited Miles for Cars Under 20 Years
- Maintenance Coverage Available
- Salvage or Rebuilt Cars Are Covered
- 24/7 Roadside Assistance
- Direct Administrator of Claims
What Is Olive Warranty?
Olive is a relative newcomer to the warranty industry—it was founded in 2019. The company is a subsidiary of Repair Ventures, based in California. Repair Ventures has an A+ rating with accreditation from the Better Business Bureau (BBB), which is nice to see considering the younger company’s history.
Olive offers vehicle service contracts through an easy-to-use website. Vehicle service contracts cover mechanical breakdowns after your factory warranty expires. While they aren’t technically warranties, vehicle service contracts cover many of the same components. You can get a plan from Olive in any state. In California, the company offers mechanical breakdown insurance with the same coverage plans.
Is Olive a Direct Warranty Provider or Broker?
Olive is a broker, not a direct warranty provider. This means another company besides Olive approves repairs and pays claims. Olive’s claims administrator is QBE Administration Services, Inc.
Our Olive Warranty Rating
Before we go any further, here’s how we rated Olive across categories:
| Research Category | Toco Rating |
|---|---|
| Coverage | 4.0 |
| Cost and Buying Experience | 4.7 |
| Reputation | 4.6 |
| Customer Service | 3.8 |
| Overall Rating | 4.3 |
Olive Warranty Coverage Breakdown
Olive offers three warranty plans:
- Complete Care: This comprehensive plan covers all factory-installed parts except for exclusions. It’s similar to a manufacturer’s warranty.
- Powertrain Plus: This option covers 10 systems including the engine, transmission, drive axle, fuel system, steering, front suspension, brakes, electrical, and air conditioning.
- Powertrain: This basic option covers the engine, transmission, drive axle, and fuel system.
You can see breakdowns of each Olive coverage plan on its website. If you want more information, look for the Terms and Conditions options on the site. This is where you’ll find the full sample contract. We recommend reading this entirely to understand what is and isn’t covered.
Considering its three plans, Olive doesn’t give you as many choices as other companies. For example, Toco offers four plans, Everything Breaks offers five, and Endurance offers six. Still, Olive’s three plans span a decent range of coverage and are enough for most vehicle owners.
Olive Car Warranty Benefits
Extended warranties cover some benefits in addition to repairs. Olive warranty plans come with towing and rental car reimbursement:
- Towing: Olive reimburses you $100 for towing if you have a breakdown and the repair is covered under the warranty.
- Rental car reimbursement: Olive reimburses up to $35 per day for five days when your car is in the shop for a covered claim. Olive adds two days if it has to send someone to inspect the vehicle.
Compared to other companies, Olive’s benefits are minimal. All our other top picks include rental car coverage, trip interruption, and full roadside assistance which includes towing.
What Does Olive Warranty Not Cover?
No extended warranty company covers every single part, and Olive’s plans have lists of exclusions. Below are some examples.
- Damage from lack of maintenance
- Scheduled maintenance services
- Parts expected to wear out like brake pads, bulbs, and filters
- Aftermarket modifications, lift kits, or commercial-use vehicle
- Unauthorized repairs
- Pre-existing conditions
- Diagnostic costs when the repair isn’t covered
- Cosmetic repairs
These exclusions are typical for the industry. The only thing to note is that some providers offer add-ons for covering lift kits and commercial vehicles, while Olive doesn’t.
Other Olive Auto Warranty Terms and Conditions
As you compare warranty contracts, be sure to check terms like waiting periods, guarantees, and transfer options.
- Waiting period: None
- Money-back guarantee: Full refund within 30 days
- Deductible options: $100, $250, $500
- Transfers: You can transfer the contract to a secondary buyer by letting Olive know within 30 days of selling the car
- Cancellation: Cancel any time (prorated refund after 30 days)
Olive is one of the few providers in the industry to offer no waiting period. With most other companies, you have to wait for 30 days or 1,000 miles before filing a claim. Olive covers breakdowns right away. That said, it still excludes pre-existing conditions.
Olive Warranty Cost and Buying Experience
Olive is convenient and easy to use, but we found its prices can be a bit higher than the industry average. Quotes we received ranged from about $120 to $171 per month with a $500 deductible. If we chose a $100 deductible, prices would be about double.
You can see the quotes we received from Olive below.
| Plan | Term | Monthly Cost | Down Payment | Total Cost |
|---|---|---|---|---|
| Complete Care | 3 years/185,000 miles on odometer | $171.40 for 36 months | First month | $6,170.40 |
| Powertrain Plus | 3 years/185,000 miles on odometer | $128.55 for 36 months | First month | $4,627.80 |
| Powertrain | 3 years/185,000 miles on odometer | $119.98 for 36 months | First month | $4,319.28 |
*Plans include a $500 deductible.
Olive’s easy online process stands out when purchasing a plan. You can get an instant quote on the website by providing a few pieces of information including your vehicle’s model, age, and its mileage. In our experience with it Olive took about five minutes to go through the quote form and find prices. We never received any robocalls from Olive after completing the form, which was nice.
What Affects How Much an Olive Car Warranty Costs?
You’ll find different prices from the quotes above because rates are customized to each vehicle. What you pay for a vehicle service contract depends on:
- Your car’s make and model
- Your car’s age
- The deductible you select
- The coverage level you select
In general, warranties cost more for older vehicles and models that have high average repair costs.
Olive Extended Warranty Claims
Having a breakdown is never fun, but you can have some peace of mind that repairs can be covered with Olive. Here’s what to do if you have a breakdown:
- Contact Olive to find a licensed repair shop near you
- Take your car or have it towed to an approved facility
- Have the mechanic diagnose the issue and contact Olive for approval
- If the claim is approved, you’ll pay your deductible to the repair shop
- Olive pays the shop directly for covered claims
Who Accepts Olive Warranty?
You can take your car to any licensed mechanic for repair. Olive also has a preferred network of mechanics through RepairPal Certified shops. It’s easy to find a certified shop by using Olive’s website or calling the company. A RepairPal Certified shop guarantees repairs for 12 months. Olive also reduces your deductible by $100 if you visit a RepairPal Certified shop.
Olive Pros and Cons
| Pros | Cons |
|---|---|
| Easy online process for shopping and purchasing a plan | Only offers three warranty plan levels |
| A+ rating on the BBB | Doesn’t include full roadside assistance or trip interruption |
| Wide range of deductible options to choose from |
Olive Reputation
Olive Car Warranty Reviews
Olive has an overall rating of 2.1 out of 5 from customer reviews on the BBB. However, there are only 11 reviews overall, so this might not be representative of the company’s service as a whole.
Positive Olive reviews show Olive pays claims for customers. In one review, the customer had a $750 air conditioning repair that was covered minus their deductible. In another, a customer was happy with how quickly Olive covered a $7,000 transmission repair.
Negative Olive reviews show some customers have had issues getting repairs covered. One customer had a claim denied because their car had been modified with a lift kit. Another had an infotainment repair denied because of the way the part failed. The part was covered in some situations but not others. These issues can happen with any extended warranty company and they show how important it is to read all the exclusions carefully.
Our Top Pick
After reviewing 20 companies, we’ve determined that Endurance is our preferred option for extended car warranties.
- Unlimited Miles for Cars Under 20 Years
- Maintenance Coverage Available
- Salvage or Rebuilt Cars Are Covered
- 24/7 Roadside Assistance
- Direct Administrator of Claims
Olive Vs. Competitors
Below, you can compare Olive with our other picks for the best extended warranties. As we covered above, other companies can offer more plan options and added benefits.
| Maximum Mileage | Sample Monthly Payment | Number of Plans | Added Benefits | |
|---|---|---|---|---|
| Endurance | Unlimited | $138 | 6 | Roadside assistance, rental coverage, trip interruption plus Elite benefits |
| Toco | 250,000 | $79 | 4 | Roadside assistance, rental coverage, trip interruption |
| Everything Breaks | 250,000 | $108 | 5 | Roadside assistance, rental coverage, trip interruption |
| autopom! | 150,000 | $110 | 3 | Roadside assistance, rental coverage, trip interruption |
| Olive | 185,000 | $120 | 3 | Towing, rental car coverage |
Who Should Buy an Olive Warranty?
Conclusion: Is Olive Warranty Worth It?
Olive Warranty Review FAQs
Here are a few common questions about Olive:
How We Rank Extended Warranty Providers
We take a methodical approach to rating warranty companies. Here’s what that includes:
- Coverage: We consider things like the number of plans, mileage limit, maintenance coverage options, and added benefits to score companies in this area.
- Cost and buying experience: We get quotes from providers and pay attention to the experience with customer service. We also consider a company’s transparency during the buying process through sample contracts and clear coverage descriptions.
- Reputation: This category includes a company’s longevity plus its rating on the BBB and whether or not it has BBB accreditation.
- Customer service: To rate customer service, we look at BBB customer ratings plus Trustpilot scores. We also note whether the company is a direct warranty provider.
Brogan Woodburn
Advertiser Disclosure: Consumer Review Center might earn compensation from the companies featured on this page. This compensation could affect the placement, order, and visibility of products, but it does not affect the recommendations made by the editorial team. Not every company, product, or offer has been reviewed.
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