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Why It Pays to Own a Vehicle Service Contract

Mar 8, 2021
Claims, Contract Holders

One common misconception about vehicle service contracts that some people seem to have is that they will never use them, and that the money spent on a service contract would be better spent on something else. Based upon our experience, and the experience of our contract holders, nothing could be further from the truth.

Here is a staggering number for you to consider: $150,620,700.

This is how much iA American paid out in claims in 2020 alone. It’s an astonishing amount of money, and every single dollar represents a dollar that our contract holders did not have to pay themselves when their vehicles needed a sudden and unexpected repair.

When money is tight and your vehicle breaks down, a service contract can be a financial lifesaver. Depending upon the nature of the repair, a service contract could easily save you hundreds or even thousands of dollars. That’s money that would otherwise come right out of your pocket, or get charged to your credit card if you can’t afford the repair right away.

Our contract holders know that a service contract is a smart investment. The next time you purchase a new or used vehicle, ask your dealer if they offer iA American’s vehicle service contracts, and learn first-hand what thousands of other satisfied contract holders throughout the country already know: service contracts can save you a ton of money!

We invite you to take a look at our website each month, because we provide a constantly updated tally of how much we paid out in claims the previous month. One of the reasons we do this is to debunk the fallacy that few people actually benefit by purchasing vehicle service contracts.

iA American proved that wrong 150,620,700 times last year alone!