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Olive Car Warranties Review
ConsumersAdvocate.org Rating: 3 / 5 (Average)
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olive.com is an extended auto coverage provider that pays for your vehicle repairs once your original warranty has expired. The company offers three plans and a flexible deductible to help car owners get mechanical protection that's within their means. The company is headquartered in Chicago, Illinois and has been in business since 2000. All of olive’s warranty solutions are underwritten by the international provider, QBE.
How is olive rated?
Breakdown
3.0/5
Plans & Service Contracts
3.0/5
Claims & Repairs
3.0/5
Reputation
Overall Rating: 3 / 5 (Average)
olive's vehicle repair plans are surprisingly flexible and offer three levels of coverage, so it's worth getting a quote if you're interested in either mechanical breakdown insurance or extended warranty solutions coverage. Doing so only takes 90 seconds and you can choose your level of coverage and your deductible to match your needs. In fact, there are 9 options, so customers can choose the combination of coverage and cost that best fits into your budget, while ensuring that your most important repairs will be covered.
A trusted mechanic is worth his or her weight in gold. One of the best features of olive's car warranty coverage is that you can choose the mechanic who performs any service on your vehicle. You have the option of visiting a car dealer or an independent shop.
In addition, you can purchase coverage by the month and cancel your warranty at any time without penalty. An olive warranty is also transferable to a new owner should you decide to sell your car during your coverage term.
Coverage Overview
Key Facts
| Plan Types | Powertrain Coverage Named Component Coverage |
| Types of Vehicles Covered | New Pre-Owned |
Coverage - 3 / 5
olive.com offers three plans. The olive Powertrain plan is its most affordable but still quite comprehensive. It covers all internal lubricated parts; cylinder block and cylinder heads; engine seals and gaskets; flywheels; oil pumps and oil pans; thermostats and housings; timing belts, gears, and sprockets; timing chains; turbochargers; valve covers and variable valve actuators; variable valve actuators; and water pumps.
olive's Powerchain Plus plan covers everything in the Powertrain plan plus harmonic balancers and bolts; metal fuel lines; and turbocharger wastegate actuators.
olive's Complete Care plan adds in coverage for oil pumps and rails for diesel engines; oil filter adapter housings; serpentine belt tensioners; and variable valve timing solenoids. covers most of the major vehicle components, including the powertrain, suspension, and brake and steering systems.
olive also offers some less common coverage options, like high-tech electrical component protection and hybrid and electric vehicle coverage. Nearly every vehicle nowadays features complicated electronic systems, which can be among the most costly systems to repair. olive is also a good place to turn to if you've joined the electric car generation.
What does olive cover?
Powertrain Coverage
- Engine
- Transmission
- Drive Axle Assembly
Specialty Coverage
- Hybrid / Electric Vehicle Components
- High Tech Electronic Components
Component Coverage
- ABS Brakes
- Factory Air Conditioner
- Brakes
- Engine Cooling System
- Electrical Components
- Front & Rear Suspension
- Fuel System
- Steering
Additional Benefits
- Substitute Transportation (Rental Car Coverage)
- Roadside Assistance (Out of Gas, Dead Battery, Towing, etc.)
Exclusions
For a full list of olive exclusions, check out this page.
Claims & Repairs
Claims
| Deductible Options | $100, $250, and $500 |
| Maintenance Records Required for Service? | No |
Repairs & Service
| Repair Facility Selection | Any Facility |
Claims & Repairs - 3 / 5
olive.com stands out among car warranty solutions providers in that the company enables you to visit any service facility that appeals to you. You don't have to worry about finding a repair shop that's in the provider's network. You can visit any mechanic you trust, including a dealership that sells your brand of car.
Like most other warranty coverage, olive's coverage comes with a deductible, but olive gives you several deductible choices. The higher your deductible, the lower your premiums will be. You have the opportunity to choose the deductible and premium combination that makes sense for your financial position.
olive Service Contract
Contract Details
| Contract Length | Quoted prices are locked in for 36 months. Coverage is available from month to month and you can cancel your olive policy at any time. |
| Vehicle Inspection Required for Contract? | No |
| Transferability of Warranty? | Yes |
Sample Contract
olive provides a sample contract for potential customers on its website: olive Sample Contract
Plans & Service Contracts - 3 / 5
olive offers vehicle owners a choice of three warranty plans, each offering various kinds of coverage and coverage limits.
olive's contracts are among the most flexible in the industry. They lock your rate in for 36 months so you don't have to worry about your rates rising during this time. You can cancel your policy without penalty at any time during your warranty term if you decide the company's coverage is not a good fit for you. You can also transfer your warranty to a new vehicle if you purchase another. Finally, olive gives you the option of transferring your coverage to a new owner should you decide to sell your car. That can make your old car more attractive in the used car market.
Company Reputation
Company Details
| Year Founded | 2000 |
| Vehicle Protection Association Member? | |
| Number of Employees | 201 to 500 |
| Company Backed By | QBE |
Customer Reviews
| BBB Rating | A+ |
| BBB Positive Reviews | 0 |
| BBB Neutral Reviews | 0 |
| BBB Negative Reviews | 0 |
| Date Collected | 2022-01-11 |
Reputation - 3 / 5
The company that owns olive.com Repair Ventures LLC, is accredited by the Better Business Bureau and earns an A+ rating from that organization. Neither olive.com nor its parent company is rated on Trustpilot.
olive.com warranties are backed by QBE, an insurer with $15 billion in global gross written premiums. QBE earns an A rating and is considered stable by AM Best, an independent organization that evaluates insurance companies for financial strength.
Contact & Additional Information
| Homepage URL | |
| Company Phone | (866) 279-3971 |
| Headquarters Address | 1981 N. Broadway, Ste. 210A, Walnut Creek, CA, 94596 |
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Our Partner
- Services cars with 145,000 miles or less
- Choose your own deductible
- Use the repair facility or dealership of your choice
- Locked-in rates for 36 months
- Transfer coverage to a new buyer anytime
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