Volvo Platinum Warranty Cost and Coverage in 2024

Q: How much does the Volvo Platinum extended warranty cost?

Retail Market Value. 8 Years | 120,000 Miles. $0 Deductible: $4480. $100 Deductible: $3880. $250 Deductible: $3620. Prices may vary by model, location, odometer reading, and purchase date.

Q: Is the Volvo Platinum Extended Warranty transferable?

Yes. You may transfer your extended warranty to the next owner when you sell your vehicle private party. Volvo must be contacted within 30 days of the sale. A $40 transfer fee applies. The plan is not transferable to another vehicle.

On this page: Factory Warranty | Extended Warranty | Cost

What is the warranty on a new Volvo?

Volvo Factory Warranty is 4 years or 50,000 miles of bumper-to-bumper repairs on breakdowns caused by flaws in design or engineering.

Oil changes are included free of charge for 3 years or 36,000 miles.
Mechanical alignments are covered for 12 months or 12,000 miles.

Service Adjustments
1 Year | 12,000 Miles

Routine Maintenance
3 Years | 36,000 Miles

Bumper-to-Bumper Warranty
4 Years | 50,000 Miles

Volvo offers two extended warranty options for owners who want longer repair coverage through the Volvo Increased Protection (VIP) plan.

What does the Volvo extended warranty cover?

Platinum

The Platinum extended warranty is the highest level of mechanical breakdown protection offered by Volvo. It covers the cost of parts and labor to repair breakdowns on the engine, transmission, drive axle, transfer case, hybrid elements, electronics, navigation, steering, heating, and cooling.

All components are covered except items listed by Volvo as Platinum Exclusions shown below:

Gold

The Gold coverage has a similar repair list that looks as good as the Platinum plan on the surface, but as we dive deeper into the fine print we discover that many costly items will not be covered.

The Platinum extended warranty is a better value considering that nearly every repair will be covered with the guesswork about what is not covered removed by the exact list of exclusions.

How much is the repair copay?

Volvo offers three choices of deductible copay: $0, $100, and $250.

The $0 copay seems like an easy choice, but think twice. The $100 deductible plan costs $700 less to purchase.

Therefore, the F&I Tools Review finds the $100 deductible Platinum extended warranty is the best coverage offered by Volvo!

How much does the Volvo Platinum Extended Warranty cost?

Retail Market Value
8 Years | 120,000 Miles

$0 Deductible: $4480
$100 Deductible: $3880
$250 Deductible: $3620

Prices may vary by model, location, odometer reading, and purchase date.

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Is the extended warranty worth it?

Warranty extensions are a roll of the dice, so we need to select plans that put the odds in our favor.

The most attractive, lowest costing plans are often not the best choices.

In order to win with an extended warranty, we need to buy bumper-to-bumper full coverage and keep the vehicle at least as long as the coverage.

Remember to select a term and mileage tailored to your intended usage, and you’ll come out on top!

Where can I buy the Platinum extended warranty?

Insider tip:

Buy the Volvo extended warranty from the same dealer you plan to visit for service. Dealer bonuses depend on your satisfaction, and repeat customers are sent follow-up emails by Volvo to ensure compliance.

Inform the Service Advisor that you know the importance of surveys and enjoy giving good marks.

You will be amazed by the difference in your overall experience.

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Is the Volvo Platinum Extended Warranty transferable?

Yes!

You may transfer your extended warranty to the next owner when you sell your vehicle private party.

Volvo must be contacted within 30 days of the sale. A $40 transfer fee applies. The plan is not transferable to another vehicle.

Where will repairs be done?

Repairs are honored at Volvo dealerships nationwide using genuine parts installed by factory certified technicians.

A Service Advisor will order an inspection and obtain a repair authorization prior to fixing the vehicle.

If owners need assistance during this process, then Volvo can be contacted directly at this phone number:

Volvo VIP Extended Warranty: 866.943.1329

Warranty Comparison