Toco is one of NerdWallet’s top picks for an extended car warranty. The company offers straightforward plan pricing and easy-to-get online quotes, and we were impressed with their representatives on the phone.
Toco’s exclusionary plan pricing was middle-of-the-pack for the higher-mileage car we shopped plans for, and on the high end compared to competitors for newer cars. Toco has higher average scores on major customer review websites than many of its competitors. The company also offers home warranties and employee benefit plans.
Toco’s contracts aren’t transferable to a new owner, but since they’re offered month-to-month, you can cancel for a prorated refund minus a $100 fee. Toco contracts aren’t available in four states: California, Massachusetts, Missouri and Washington.
🔎 Spotted by the Nerds: Toco is a direct claims administrator, unlike many extended-warranty providers. That means Toco is responsible for the entire claims process, which can make it easier for customers to get the coverage they paid for.
To give you a better idea of Toco’s offerings, NerdWallet’s editorial team investigated contracts, compared quotes for different vehicles and read dozens of customer reviews. Here’s what we found.
Why trust NerdWallet
Our Home Services Team reviewed nine extended warranty companies across 50 unique rating factors.
We've read hundreds of pages of service agreements to compare coverage, exclusions and policies.
We've researched more than just the biggest national extended car warranty companies.
The Nerds' take on Toco
Best for inclusive coverage
Cost comparison
$$$
Online quote
Yes
Plan choices
Good
What makes it shine: We really liked Toco’s easy, online quoting process and simple approach to coverage: One core plan breaks into four mileage ranges (orange, yellow, blue and green). What's covered depends on where your car's mileage falls at claim time. The higher the mileage, the more limited the coverage. Toco also earns higher average customer review scores than many of its competitors, including Endurance, Olive and CarShield. Month-to-month payment gives customers added flexibility.
What could be better: Toco's 90-day waiting period is three times longer than the standard 30-day wait most competitors require — and the longest we found among all the companies we reviewed. Toco's contracts also aren't transferable to a new owner if you sell your car, making it the only company we reviewed that doesn't allow transfers. Toco's coverage tiers are also determined entirely by your car's mileage, so you can't choose a higher level of protection than what your odometer qualifies for. This makes Toco a less flexible option for used-car owners who might want the most comprehensive exclusionary coverage but can't get it because their car has too many miles.
🚨 Nerd Alert: Toco Warranty Corp, former administrator of Toco US, finalized a Chapter 11 bankruptcy reorganization in June 2026. Toco US told NerdWallet that customers were unaffected by this change, and Toco’s vehicle service contracts are now supported by Verdoro LLC.
📌 Toco's extended car warranty plans
Toco’s plan structure is different from the other extended warranty providers we reviewed. The tier of coverage you get from Toco depends on your car’s mileage, and you can’t choose a higher-level or lower-level plan. Your repair coverage is based on your odometer reading at the time you file your claim.
All Toco plans include towing and locksmith services, 24/7 roadside assistance, rental car coverage, trip interruption coverage, and services for a dead battery and empty gas tank. These are Toco’s tiers, from narrowest to widest coverage:
Green: For cars with 200,000 to 250,000 miles. Covers the following components and systems:
- Engine.
- Transmission.
- Drive axle.
- Transfer case.
- Turbo or supercharger.
- Seals, gaskets and fluids necessary to complete an approved repair.
Blue: For cars with 150,000 to 200,000 miles. Covers everything in the Green plan, plus the following components and systems:
- Air conditioning
- Electrical.
- Fuel system.
- Cooling system.
Yellow: For cars with 100,000 to 150,000 miles. Covers everything in the Blue plan, plus the car’s technology and other modern features.
Orange: For cars with under 100,000 miles. This tier is Toco’s exclusionary coverage, which means the plan covers all parts and systems in your vehicle (with specific exclusions). This plan is intended to most closely replace an original manufacturer warranty. It covers everything except “wear and tear” items.
🤓Nerdy Tip
Extended warranties don’t typically cover wear-and-tear items like tires, brake pads and rotors. Car warranties, including Toco’s extended warranty plans, pay to repair or replace components and systems that malfunction because of mechanical or electronic failure. They don’t cover normal wear and tear, which means an item stops working because it's worn out.💸 How much Toco will cost you
These were the costs we were quoted for Toco’s exclusionary plan, adjusted to include down payments and likely contract terms.
- 2025 Toyota SUV with 5k miles: $71.64 monthly or 7.2 cents per mile.
- 2025 Audi sedan with 7k miles: $159.16 monthly or 13.4 cents per mile.
- 2017 Honda sedan with 80k miles: $90.92 monthly or 7.6 cents per mile.
The price you’ll pay depends on your car’s make, model, age and mileage. Payment is month-to-month. Toco has an online customer portal where you can make payments and file claims.
🔎 Spotted by the Nerds: Toco only reimburses your chosen repair facility directly once your claim is approved. Some other companies, like Endurance and CarShield, say they will either reimburse you personally or the repair facility.
How Toco's pricing compares to competitors
Toco's exclusionary plan lands above and below the average prices we found when shopping, depending on the vehicle you’re getting quotes for. These are the average costs we found when shopping for an exclusionary plan across all the extended warranty companies we reviewed:
- 2025 Toyota SUV with 5k miles: $63 average monthly (about $35 to $115 range), or 5.4 cents per mile.
- 2025 Audi sedan with 7k miles: $84 average monthly (about $40 to $175 range), or 7.69 cents per mile.
- 2017 Honda sedan with 80k miles: $102 average monthly (about $60 to $140 range), or 8.49 cents per mile.
Deductible cost
Toco quoted us a $100 deductible for all three cars we shopped plans for.
Deductibles across the companies we reviewed range from $100 to $500 per repair. Several companies charge a higher deductible ($500) for engine or transmission repairs, and a lower deductible ($250) for other repairs, and some let you choose a higher or lower deductible for an adjusted monthly payment.
💡 Toco membership perks are consistent
Like most other extended warranty companies we reviewed, Toco offers 24-hour roadside assistance including towing with a $100 reimbursement limit, and flat tires, lockout, battery and fuel/fluid delivery with a $50 limit. However, there are a few extra benefits you get with a Toco extended warranty. Here are our favorites:
- Rental car coverage. Toco pays up to $40 for every four labor hours for you to rent a car while your vehicle is under service, with a maximum payout of $200 per repair. This is about average; several companies pay more (CarShield’s and CARCHEX’s maximum is $420) and several others pay less (Endurance’s maximum is $150).
- Trip interruption. If your breakdown happens when you’re more than 100 miles from home, Toco will pay $100 per day for your hotel and restaurant expenses for three days ($300 maximum). Some companies, like Olive and Premier, don’t explicitly offer this type of coverage, while others, like CarShield and CARCHEX, offer up to $500 total. However, most other companies don’t set the 100-mile minimum to qualify for this coverage.
- Resulting damage. Toco covers damage to a non-covered part caused by a covered part. Several other companies don’t offer this coverage. Toco and other extended warranty companies don’t typically cover the opposite case: damage from a non-covered part to a covered part.
- Perk usage limit. You can use Toco’s roadside assistance services once per 72-hour period, which is generous compared to some of Toco’s competitors.
- Maintenance membership. All Toco plans include a membership to Openbay+, a company that offers discounts of up to 25% off routine car maintenance.
🚨 The catch with Toco
There are a few aspects of Toco’s coverage with limits to watch out for. Here’s what to know:
- Long waiting period. You’ll have to wait 90 days and 1,000 miles after purchasing a plan before you can make a repair claim with Toco. All of the other companies we reviewed have a 30-day and 1,000-mile waiting period except Olive, which has no waiting period.
- Towing usage limit. Towing is limited to 15 miles total.
- Not transferrable. You can’t transfer your Toco extended warranty to another person if you sell your car. Every other extended warranty we’ve reviewed is transferable, though some charge a $50 fee.
- Aggregate limits. Toco sets a $15,000 aggregate limit per 12-month term for all coverage tiers, meaning they won’t pay more than that amount in total for all of the repairs and benefits they offer. Several other extended warranties we reviewed set aggregate limits at the car’s trade-in value, which can be more generous depending on how much your car is worth.
» Learn more: How to file a car warranty claim in four steps
🚙 Used-car coverage is limited by mileage
Toco offers coverage for cars up to 20 years old, with up to 200,000 miles. However, if you got a Toco plan when your car had less than 200,000 miles, you’ll keep coverage until it reaches 250,000 miles.
Because of Toco’s unique tier system, vehicles with over 100,000 miles qualify for less comprehensive coverage than lower-mileage vehicles. This can make Toco a limiting option for used-car owners, who may be able to upgrade to exclusionary coverage with other providers.
The quotes we got for a Honda sedan with 80,000 miles were lower than some of Toco’s competitors, though the pricing and coverage change as the car’s mileage goes up.
For example, we were quoted:
- $77 per month for a 2017 Honda Accord with 75,000 to 100,000 miles.
- $79 per month between 100,001 and 125,000 miles.
- $77 per month between 125,001 and 150,000 miles.
- $72 per month between 150,001 and 200,000 miles.
Keep in mind that though pricing can be a bit lower for a higher-mileage car with Toco, Toco will cover less of your car’s systems and components the more miles it has.
Who can get a Toco plan?
Toco’s website says its coverage is available in every state except California, Massachusetts, Missouri and Washington. There are special rules for vehicle service contracts in California.
What car owners say about Toco
Unlike several of its competitors, Toco isn’t discussed much on Reddit, an online forum where users share their thoughts in “threads” on various topics. Instead, I sifted through customer reviews on Trustpilot, Consumer Affairs and the Better Business Bureau website to get a pulse check on how users feel about Toco. People post anonymously, so we cannot confirm their individual experiences or circumstances. Likewise, I can’t verify the experiences customers post on consumer review websites.
Positive reviews of Toco highlight the pleasant customer service experience, which several reviewers say is rare for an extended car warranty company. Reviewers appreciate the friendliness and helpfulness of the agents on the phone, and some report that the agents helped honor their contracts. Positive reviews also note fast and smooth claims processing.
🟢 A standout positive review:
“Toco has been great with my car repairs. I had to use them twice and both times I fully expected them to find a way out of covering the cost but they proved me wrong. The service and approval process was fast and the payment to the repair shop quick.”
— Larry, Consumer Affairs review, March 2026
Negative comments about Toco reflect general customer complaints about extended warranties. These typically include issues with claim denials, including fine-print exclusions that weren’t clear during the sales process and claims payouts being capped at the vehicle’s trade-in value. Some reviewers reported continued charges after cancellation. Many online reviewers warn against extended warranties overall and recommend putting that money into a savings account.
🔴 A standout negative review:
”This company took my money every month and then when I filed a claim, they first cost me more than triple wanting the same diagnostic test that they requested but then wanted them performed live in front of their inspector and then another.”
— Douglas, Consumer Affairs review, January 2026
Toco is Better Business Bureau (BBB) accredited with an A+ rating. It earns high average ratings (4.3 out of 5 stars overall) on customer review websites, including the BBB website, Consumer Affairs and Trustpilot. Toco’s scores on all three websites are better than competitors like Endurance, Olive and CarShield.
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What to know before buying an extended car warranty
To help avoid costly misunderstandings in the future, make sure to read the coverage and exclusions information in your contract. You have a right to read your contract before purchasing a plan, and it’s important to understand that extended car warranties:
- They always have exclusions to coverage, no matter what their sales pitches say. Read your contract carefully before purchasing a plan — especially anything listed as an exclusion or limit of liability. For example, extended warranties tend not to cover damage to a covered part that’s caused by a non-covered part.
- They’re not a type of insurance. Even though some companies call their service fees deductibles, car warranties do not work the same way as insurance policies. They differ in what they cover and how they pay for repairs or replacements. An extended car warranty is not a substitute for car insurance, and it’s not legally required like car insurance.
- They can deny your claim for several reasons. Examples include work performed on a covered item without approval, or modification of a system with aftermarket or used parts.
- They may not pay enough to cover the full cost of repairing a covered item. For example, extended car warranties often authorize hourly labor rates up to the repair facility's posted labor rate, and reimburse for the hours needed to complete the repair based on a nationally recognized labor guide. Your repair may take longer or cost more than your warranty is willing to pay.
Frequently asked questions about Toco
How long do you have to have Toco before you can use it?
Toco’s waiting period for coverage is 90 days and 1,000 miles, which is unusually long compared to competitors. The standard waiting period among the companies we reviewed is 30 days and 1,000 miles. Competitor Olive has no wait time for you to start making claims after purchasing a warranty.
Does Toco offer refunds?
Toco offers a full refund if you cancel within the first 30 days of your plan. After 30 days, you can still cancel for a prorated refund with written notice, minus a $100 administrative fee.
A Toco representative explained to us that this fee won’t require extra payment; it just subtracts from your refund. For example, if Toco owes you a $50 prorated refund, they’ll take what they can of the $100 and refund you nothing, but they won’t charge you the additional $50. If they owe you a $132 prorated refund, you’ll get $32 back the month you cancel.
Can I transfer my Toco car warranty to a new car owner?
Toco’s warranties are the only ones we reviewed that aren’t transferable. Some warranties are transferable for a $50 fee, and some companies don’t charge a fee at all.
Alternatives to Toco
Endurance
Best overall
Cost comparison
$$$
Online quote
Yes
Plan choices
Excellent
Why it's a good alternative to Toco
Endurance:
- Is a direct provider and administrator that handles most of its own claims in-house.
- Offers seven customizable plans with built-in trip interruption coverage and roadside assistance.
- Makes quotes available online and clearly explains coverage in preview contracts.
This option makes more sense for car owners who want extra perks from a direct administrator.
Olive
Best consumer-friendly terms
Olive
Cost comparison
$$
Online quote
Yes
Plan choices
Limited
Why it's a good alternative to Toco
Olive:
- Is the only extended car warranty company we reviewed with no waiting period for coverage to begin.
- Spells out exact national guides used to set labor cost limits.
- Has among the lowest per-mile and per-month cost for non-luxury car brands.
This option makes more sense for car owners who don't want to wait 90 days for their extended warranty to kick in.
Premier Auto Protect
Best for 24/7 claim filing
Cost comparison
$$$
Online quote
No
Plan choices
Good
Why it's a good alternative to Toco
Premier Auto Protect:
- Offers 24/7 claims submission.
This option makes more sense for car owners who want the ability to file a claim anytime.
How we rate and review car warranties
Our Home Services team reviews car warranty companies with our readers in mind. We provide unbiased reviews that consider several factors, including cost, covered items, coverage limits, customer ratings, ability to choose your own repair shop and transparency. When rating car warranties, we researched 9 companies, compared terms and conditions in their service agreements and read customer reviews from three consumer review websites. While NerdWallet does have partnerships with some car warranty companies, our editorial team is not involved in that process to ensure unbiased reviews and recommendations. Read more about how NerdWallet rates car warranties.
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