Friday, 30 October 2015

4 questions to ask when purchasing a vehicle service contract


Are you thinking about purchasing a vehicle service contract (VSC) to help protect you from unexpected, covered auto repair bills?  Here are some questions to ask before deciding which VSC would work best for you and watch our new video to learn more:

Click here to view the video >

What is and isn’t covered?

VSCs differ based on the provider.  Typical VSCs pay for reasonable costs to repair or replace covered parts within a specified time period/miles driven.  Before you decide which VSC to purchase, be sure to read the contract carefully so that you understand what car parts and systems are covered, what your deductible is, and how to select a licensed repair facility you can use should your car need to be repaired.  Also, keep in mind that VSCs are not the same as car insurance, and they do not cover collision repairs and routine maintenance.

2. Is a down payment or fee required before my coverage begins?

Be sure to ask what if any down payments or up-front fees are required before your coverage becomes effective.  While some plans require up-front payments, Toco’s  vehicle service contracts do not. Make your first monthly payment and after any specified waiting period, your VSC coverage will be effective.

3. Can I pay as I go for my VSC and cancel at any time, or am I required to pay up front for the period covered?

You never know how long you will own your vehicle, so be sure to ask if you have to pay for the period covered by the contract up front or if a pay as you go plan is available.  If you are required to pay up front, consider how difficult it may be to cancel the contract or get a refund for the unused portion of your VSC should you sell the vehicle before the contract ends.  With a “pay as you go” VSC, such as the ones offered by Toco, you can cancel at any time, but an administrative fee will apply if you cancel after filing a claim or more than 60 days from the date of purchase.

4. Will different companies be involved in my VSC transactions?

Toco and its affiliated companies eliminate unnecessary third parties, providing our customers with a single point of contact for fast, responsive, courteous customer service.  From our customer service professionals to the contract administration team that handles all payments, paperwork, and claims administration - Toco’s “all-under-one-roof” approach simplifies the sign-up and claims process. Toco is an experienced and trusted solution for direct-to-consumer VSCs, with product coverage backed by an AmTrust Financial insurance carrier.  Other VSC providers, however, may offer contracts where many unrelated companies are involved.  To learn more, visit www.tocowarranty.com.

Article Resource: https://www.tocowarranty.com/TocoCares/Blog/4-questions-to-ask-when-purchasing-a-vehicle-service-contract

Saturday, 10 October 2015

New Year’s Resolution: Create a budget that ensures your wheels keep rolling

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Ah New Year’s.  That time of year when the holiday celebrations end and reality sets in, and we think about what we will resolve to do in the year ahead.  Lose weight, exercise more, save more money – you know the drill.  But have you ever stopped to think about developing a plan that will keep your car – and your life – running well in 2015?  Here are three tips to get you started:
Read the owner’s manual for your vehicle.  That will tell you what maintenance items need to be done and at what intervals.  Budget for having these items done at the recommended times, based on the age and mileage of your car.
Stay current on your car’s maintenance needs.  As Ben Franklin said, “an ounce of prevention is worth a pound of cure.”  Ignoring simple maintenance like regular oil changes can lead to expensive repairs down the road.  See our vehicle maintenance tips to learn more.
Plan for unexpected repairs.  Things happen.  What will you do if your car’s engine dies or the air conditioning conks out? Not everyone has money set aside to cover expensive repairs.  Avehicle service contract, such as those offered by Toco, provides an affordable option to help you pay for covered car repair bills that may come up along the way.
We wish you the best of luck in keeping your resolutions in 2015.  Happy New Year and safe driving everyone!

Friday, 25 September 2015

9 ways to keep your car performing well

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Face it - some drivers do a better job than others when it comes to sticking to a car maintenance schedule. A new
National Index just released by Toco Warranty confirms there is plenty of room for improvement. For example, drivers generally have their car brakes checked, but they don’t always do it as frequently as they should. Below are 9 routine maintenance tips to help you keep your car running smoothly.

Check the brakes every 12 months/12,000 miles.

Change the air filters every 12 months /12,000 miles.

Change the coolant (antifreeze) every 12 months /12,000 miles.

Check the spark plugs every 12 months /12,000 miles.

Wash the car (to remove road salt and grime) every month.

Change the oil every 3 months /3,000 miles

Check tire pressure and condition every month.

Check the battery, including terminals and cables every 3 months /3,000 miles.

Check the engine belts every 3 months /3,000 miles.

To see how well drivers are doing with sticking to the schedule above, check out the Toco National Car Maintenance Infographic at: http://tocowarranty.com/TocoCares/Media/Entry?id=50&hypCategory=Car-Care-Maintenance&title=Toco-Car-Care-Index-Infographic. To learn more about Toco Warranty, visit www.tocowarranty.com.

Article Resource: http://www.tocowarranty.com/TocoCares/Blog/9-ways-to-keep-your-car-performing-well









Tuesday, 15 September 2015

Protecting Your Car in the Sizzling Sun

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The dog days of summer are upon us, and like it or not, the hot weather can wreak havoc on your car.  Here are 5 tips to help prevent heat-related breakdowns (and costly repairs):
  1. Keep a close eye on your car’s temperature gauge.  If the light comes on or the thermometer enters the red zone, safely pull over.  Driving even a short distance with an overheated engine can cause damage, possibly leading to costly repairs.  Wait for the engine to cool before driving on and do not try to cool the engine quickly with cold water.  An abrupt change in temperature also can damage the engine.
  2. Don’t remove the radiator cap.  This can cause hot steam to spray out, possibly injuring you.  Wait for the engine to cool before adding coolant and water.  Better yet, be sure to check the coolant level and add more if necessary before you leave your driveway!
  3. Check all vehicle fluids – not just the coolant.  The hot weather can cause added strain on your car’s systems so be sure to check the oil, transmission fluid, windshield wiper fluid, and brake fluid in your car regularly to be sure they are at the proper levels.
  4. Don’t forget to check the tire pressure.  As the temperature fluctuates, so can the air in your tires.  This can lead to possible problems if your tires become over or under inflated. 
  5. Never leave children or pets in a parked car.  Hot temperatures can quickly rise and become deadly inside a vehicle.
It’s also a good idea to have an emergency kit, water and a charged cell phone handy, just in case you do break down.  Drive safely and enjoy the summer while it lasts!

Wednesday, 28 January 2015

New National Car Maintenance Index Launched by Toco Warranty

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National Index finds drivers score 76 out of 100 on performing routine car maintenance, 
showing nation’s drivers maintain their cars well, but there is room for improvement in the year ahead
Best performers are: Those who report having a vehicle service contract (Index Score = 80) Households with children under 18 (77) Urban and rural drivers (77) SUV (77) and Sedan (76) drivers
Studio City, CA, January 22, 2015 – An informative new National Car Maintenance Index was released today by Toco Warranty Corp.  The Car Maintenance Index provides a useful snapshot of how well drivers in the U.S. are maintaining their cars.
The Car Maintenance Index is 76, out of a possible score of 100.  In order to earn a perfect score, drivers had to indicate that they perform, or have a professional perform, each prescribed car maintenance item at the recommended frequency (or more often).  Of course, drivers should always check their owner’s manual for specific maintenance recommendations from the manufacturer.
For more information, view the infographic and read the blog.
“As drivers make their New Year’s resolutions, it is important to remember that good car care maintenance habits are essential to protect and extend the life of your car.  With the average car owner keeping their car for 10 years, drivers should resolve to stay on top of their car’s recommended maintenance schedule,” said George Laird, a Toco spokesperson. 
“Toco felt it was important to develop a consistent, easy-to-understand way of measuring how well people do the things necessary to help keep their car running well, and the National Car Maintenance Index does just that.  It can be used to assess changes in car care habits over time, and we hope will serve as a friendly reminder of the important role maintenance plays in keeping your car – and life – running well,” said Laird.
The Index was developed by conducting a nationwide online survey, on behalf of Toco, of 1,001 U.S. car owners/lessees age 18 and over.  Respondents were asked whether and how often they perform, or have a professional perform, a number of basic car maintenance items.  The index measures performance based on the survey results evaluated against generally accepted recommendations for how often such maintenance should occur.    
“In our Survey, we found that drivers have an almost perfect track record of performing the car maintenance items, but fall behind in doing them as frequently as recommended.  In fact, some items that drivers should be doing  often, such as checking the battery and engine belts, are ones fewer drivers are doing as often as recommended,” said Laird.
National Car Maintenance Index Key Findings
The following groups score better than others on the Car Maintenance Index, meaning there is a statistically significant difference in their car maintenance performance against the comparison group:
Those who said they …
…have a significantly higher Car Maintenance Index rating than those who said they:
Have a vehicle service contract
(Index Score = 80)
Do not have a vehicle service contract
(Index Score = 75)
Have children under the age of 18 living in the household (77)
Have no children under the age of 18 living in the household (74)
Have children under the age of 18 in the household who drive the family car (80)
Have children under the age of 18 in the household who do not drive (77)
Live in an urban (77) or rural (77) area
Live in a suburban area (75)
Drive an SUV (77) or Sedan (76)
Drive other types of cars (74)
Spent money on routine maintenance or repairs in the past 12 months (77)
Did not spend money on routine maintenance or repairs in the past 12 months (68)
Have later model year cars: 2001-2010 (76)
Have model year cars 2000 or earlier (74)
Are male (77)
Are female (74)

Who Performs Maintenance: Owner or Professional?
- Majorities reported that they have each car maintenance item performed by a professional, with the exception of checking the tire pressure/condition (60% do themselves) and washing the car (70% do themselves).
- Those in the Northeast are significantly more likely than those in the South and Midwest to enlist the help of a pro with all car maintenance items except changing the oil, checking the tire pressure/ condition and washing the car.
Is Maintenance Performed Often Enough?
- Though virtually all respondents perform the maintenance items on their cars, only 75% or fewer perform any of them at the recommended frequency applied in the Index.  In fact, some car maintenance tasks that drivers should be doing often, such as checking the battery or the engine belts, are things fewer drivers are doing on time.
- Half to three-quarters of drivers polled perform, or have a professional perform, the following tasks at the recommended times, according to the survey:
- Check the brakes (75%)
Change the air filters (73%)
Change the coolant (antifreeze) (62%)
Check the spark plugs (59%)
Wash the car (to remove road salt and grime) (57%)
Change the oil (50%)
Less than half do the following maintenance items at the suggested frequency:
Check tire pressure and condition (41%)
Check the battery, including terminals and cables (38%)
Check the engine belts (27%)
How Much Money are People Spending on Maintenance?
- Eight out of 10 surveyed drivers (83%) report having spent money on routine maintenance and repairs to keep their cars running in the past 12 months.
- The average spend across all drivers polled was approximately $549.
​- More than a third report having spent less than $250 on routine maintenance and car repairs.
- Nearly one out of five people (19%) reported that they have a vehicle service contract (in other words, a contract for repair, or replacement for an operational or structural failure of a vehicle)
Summary of Maintenance and Timing

% who perform service
% who perform service at the recommended intervals  
Check the brakes
  98%
  75%
Change the air filters
  98%
  73%
Change the coolant (antifreeze)
  97%
  62%
Check the spark plugs
  98%
  59%
Wash your car (to remove road salt and grime)
  96%
  57%
Change the oil
  98%
  50%
Check tire pressure and condition
  98%
  41%
Check the battery, including terminals and cables
  98%
  38%
Check the engine belts
  97%
  27%

Methodology
The Toco Car Maintenance Survey was conducted online among a nationwide sample of 1,001 car owners and lessees age 18 years and older in the U.S.  Data was gathered in late 2014 by global data collection service provider, Critical Mix, on behalf of Toco.   
Using car maintenance recommendations based on industry sources, Toco’s National Car Maintenance Index was created to provide a snapshot of how well drivers in the U.S. are maintaining their cars.  Respondents earned 5.55 points for each of nine common maintenance items performed (whether by themselves or by a professional) and earned 5.55 points for each item performed at the generally recommended frequency (or more often).  A perfect car care score would be 100[2] if a person performed each maintenance item at least as often as recommended.  The Index is based upon the following maintenance items and frequency intervals:
Car Maintenance Item:
Performed at Least:
Check Tire Pressure and Condition
Every month
Wash Your Car (to remove road salt and  grime)
Every month
Change the  Oil
Every 3mo/3,000 mi
Check the Battery, including Terminals and Cables
Every 3mo/3,000 mi
Check the Spark Plugs
Every 12mo/12,000mi
Change the Air Filters
Every 12mo/12,000mi
Check the Engine Belts
Every 3mo/3,000 mi
Check the Brakes
Every 12mo/12,000mi
Change the Coolant (antifreeze)
Every 12mo/12,000mi

About Toco Warranty Corp.
Toco is revolutionizing the VSC industry by basing its approach on the belief that no one should ever be grounded by auto repair bills they can't afford. The way we see it, a VSC should be a simple and affordable monthly expense, much like the utility bill. By paying an affordable amount each month, with no interest or down payment, you can keep your vehicle running well.  Our plans maximize coverage based on mileage and age while keeping fees affordable.  Benefits include:
- A low monthly payment,* with NO down payments, and NO interest charges. 
- It only takes a first month’s payment to sign up.
- Our “pay as you go” system allows customers to cancel any time before the next monthly billing cycle; however an administrative fee may apply. 
To learn more about Toco, visit.  http://tocowarranty.com/About-Us
* A deductible applies.  See contract terms and conditions. 
#          #          #
All plans require a mandatory Waiting Period before coverage takes effect, which starts from the contract purchase date and vehicle's odometer mileage at contract purchase date. Covered services are also subject to a $100 deductible, per visit. See Registration Page & terms and conditions for full coverage details.  Not all vehicles are eligible for coverage; discuss with your Toco Warranty representative to confirm your vehicle's eligibility. Plans referenced herein are not contracts of insurance; they are Vehicle Service Contracts (except in AK, CA and NJ, where the plans are sold as mechanical breakdown insurance, which is not the same as bodily injury/property damage liability automobile insurance that may be required by your state). Click here for information regarding the plans available in AK, CA, and NJ. Plans are not available in MO and WA.Information provided herein is for summary purposes only. Terms and conditions apply; contact Toco for a copy of the full terms and conditions of the plans referenced herein. Vehicle Service Contract coverage is provided and administered by Warrantech Automotive, Inc. In the following states, coverage is provided by: in FL – Wesco Insurance Company (as obligor and administrator), 59 Maiden Lane, 43rd Floor, New York, NY 10038, License #01913 and Toco Warranty Corp. (as seller), 10960 Ventura Blvd., Studio City, CA 91604, License #W139014; in OK – Warrantech Automotive of Florida, Inc. (as obligor), P.O. Box 959, Bedford, TX 76095. Not affiliated with any manufacturer or dealership.

Friday, 19 December 2014

Best items to bring on a road trip

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Sponsored by Toco Warranty
Road trips remain one of the most popular ways to vacation and see different destinations in the U.S. Whether with family or friends, you can make lasting memories with those you love by traveling in your vehicle. However, with so much travel time to get across the country by car, there are some essentials you need to bring with you. Here are some of the best items to help you get where you’re going more enjoyably:
Music
If sitting in the car seems boring, playing music can help pass the miles more comfortably. If there are small children in the car, consider bringing along sing-along soundtracks to keep the little ones entertained and get the whole family involved in something together. If you have the time, create a road trip playlist before you leave and jam along to some of your favorite tunes.
Audiobooks
Depending on how many people and who you have in the car, picking out road trip music might be a source of trouble. With several people, there is bound to be some disagreement about what type of music to listen to. A good solution to this problem is to listen to audiobooks. Books on tape are also a great way to pass the time, as engaging stories can distract everyone from seemingly endless hours on the road.
Maps
While most cars and cellphones are now equipped with GPS capabilities, there is nothing wrong with using a good old-fashioned regular map to navigate to your destination. There is also a chance that your GPS could malfunction or run out of battery, leaving you out of luck unless you have a map. Be sure to pack one and plan out a route before hitting the road. You can also use the map to pick fun places to check out along the way. Making short stops at scenic overlooks, interesting sites or unique restaurants will help break up the trip and help expend any energy from being cooped up in the car for a long time.
Cooler and food
When traveling a long distance, there is no doubt you and everyone else will get hungry on the way. If you want to avoid stopping too frequently to pick up snacks and beverages, pack a cooler with some favorite snacks and water bottles. Not only will this minimize your traveling time, but it can also help you save money compared to eating out. Additionally, this will give you the option to choose healthier snacks and avoid eating fast food if you desire.
Camera
While not an essential, a camera will enable you to capture any great memories of your road trip. If you are planning on stopping at new places on the way to your destination, a camera with extra batteries is a better option than using your cellphone because you won’t have the same risk of having too little memory space or running out of battery to capture an image. Taking pictures along your route can also be a fun activity to do with everyone in the vehicle during driving breaks.

Tuesday, 2 December 2014

Preparing your car for cold weather


Sponsored by Toco Warranty
October is Car Care Month, and as the temperature outside begins to get cooler, it’s important to protect your car to help ensure it runs smoothly in the months ahead. The checklist below will get you started:
Cold weather car care checklist:
  • Lights:  As the days get shorter and the sky stays darker for longer periods of time, there’s a good chance you will need to use your car’s headlights more frequently. This sustained use can make your lights wear out sooner. Proper lighting is crucial for driving safely in the dark or in bad weather, so be sure to check that your car’s headlights are still shining brightly, or if they need to be replaced.  Also be sure to check that your brake lights and turn signals are functioning properly.
  • Tires:  The air pressure in your car’s tires decreases by about a pound for every 10 degrees the temperature drops.  Consequently, as the weather gets colder, it is even more important to check the pressure in your tires regularly.
  • Brakes:  Cold weather and falling leaves brings wet, slippery roads, so being able to stop your car properly is critically important to your safety. When brake pads wear down or your brake fluid is low, you may find that your car won’t stop as quickly. Have your car’s brakes checked before the road conditions change to better prepare you for bad weather driving.
  • Windshield Wipers:  Being able to see the road clearly is important for driving your car safely. In addition to having functional wiper blades, it’s a good idea to check wiper fluid, as drivers often use more in the rain or snow. You might even want to carry some with you as an additional safety precaution. Also, be sure to check to see if your blades are cracked, as this is a sign that they should be replaced.
  • Battery:  As temperatures drop, it’s possible for the cold to drain your car’s battery. Consider replacing your car battery if it is more than 3 years old, and check to be sure there is no corrosion on the car battery itself, or on the battery connections. 

Article Resource: http://tocowarranty.tumblr.com/post/100453064742/preparing-your-car-for-cold-weather