These plans pay for mechanical breakdown repairs but aren’t considered insurance products. olive offers MBI in California and vehicle service contracts in most other states (except Florida).

Get matched today. Products like extended warranties and car repair insurance (also called mechanical breakdown insurance or MBI) can offer protection from surprise repair bills. But are they ...

Extended warranties can cost thousands of dollars, and for certain vehicles, mechanical breakdown insurance is as low as $10 per month," Sheets says. Ultimately, both types of coverage help you ...