Things to consider when considering an extended warranty - 19 Action News|Cleveland, OH|News, Weather, Sports

Things to consider when considering an extended warranty

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You might also consider an extended warranty for products that break most easily. But remember the rule of thumb: if the extended warranty costs more than the average repair cost of an item, don't buy the extended warranty.

WEB EXTRA: Here are the items most likely to break within the first three years, according to Consumer Reports:

Product

Repair Rate (%)

Desktop PC

37

Laptop PC

33

Lawn tractor or riding mower

29

Refrigerator (side-by-side with ice maker and dispenser)

28

Self-propelled mower

26

Washing machine

22

Gas range

19

Refrigerator (top-and-bottom with ice maker)

17

Projection TV

16

Push mower

15

Vacuum cleaner

13

Dishwasher

13

Clothes dryer

13

Microwave (over the range)

13

Austin says if you do buy an extended warranty, be sure to read the fine print. Make sure it covers accidental damage and never pay more than 20% of the purchase price.

And check with your credit card company. Many companies extend a product's warranty from the manufacturer when you purchase it with your card.

"The best thing to do is to ask a lot of questions," she said. "Don't let anybody pressure you into buying one on the spot. You can always go back later to buy an extended warranty."

Click here for Square Trade Warranty information.

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