People spend a large amount every year on their car warranties. The recent studies show that the estimated amount spent on the warranties is around $28.1 billion. The OEM sector of worldwide spends approximately 3.4 times that of the OEM sector of US. There has been a slender augment in the warranty claims in the US, OEM’s sector from $10.9 billion in 2005 to $11 billion in 2006.

Anything, which moves on the wheels on its own power, is included as automotive, as per the definition given by the Warranty Week. The range of automotive includes motorcycle, cars, trucks, fire engines but not the airplanes. Some experts even exclude the off-road automobiles.

There is a wide range to choose the best auto warranty for your automotives depending on the personal choice and whether the vehicle is used for the private or public purposes. The changes in the warranty offered by different companies varies as the companies have different policies and have different ways to calculate the estimated cost and different models of the cars have different car warranties. The assumption of the conversion of the currency varies on daily basis which makes the accounting plausible.