Hondacare warranties are available through any dealer. Your
local dealer should try to match the rates that folks like cdelena got in Dallas and I got in SF (880 for 7/75/0) I lucked out and got a 7/100/0 for the same price. I bought mine a few months ago.
http://honda-acura.net/forum/Forum21/HTML/002635.html
Good luck
Don

[Edited by SFDukie on 03-06-2001 at 11:52 AM]

 

thanks pinky. i think you might have sold me on it.

 

First the disclaimer - I have purchased an extended warranty.

However, when I consider that the only people who have access to the statistics that can truely answer the question "is it worth it" are the people at Honda- and they set the price. Are they going to price it so they lose money? I assume they look at the average claim $s and add their acceptable profit margin and that's what you pay for it. So it really can't be worth it.

Like I said, I bought one anyway. There is obviously something other than economics at work here.

 

Black99,
Point well taken. To elaborate-
The priciple with respect to insurance that a hard line economist would use is that one should only buy insurance to cover a loss one cannot afford. The idea being that actuaries can asess risk (for a group) better than an individual, and that insurers set things up with a profit margin. But, obviouly there is a value to peace of mind, and limiting ones losses- which is why arbitrage make money.
And in the case of our cars, no one, including HMC, knows what the faiure rate will be 6 years from now...