More insurers are starting to offer mechanical breakdown insurance to new car owners. What is it and should you buy it?

Your standard car insurance policy covers a lot, but it doesn’t cover the cost of vehicle repairs unless they’re caused by a covered peril. The average driver spends nearly $550 per year on car ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. Michelle is a lead editor at Forbes Advisor. She ...

Marianne Bonner, CPCU, ARM, covers business insurance topics for Investopedia, building on 30 years of experience working in the insurance industry. She has written extensively for The Risk Report, ...

You probably already have car insurance for accidents and liability, but typical auto insurance policies don’t cover the expense of fixing breakdowns caused by mechanical failures — for that, you'll ...