Mechanical Breakdown Insurance (MBI)
Mechanical Breakdown Insurance (MBI) covers car repairs that are unrelated to an accident, much like an extended warranty.
Extended warranties that can be purchased through an auto dealer offer less value than a credit union’s MBI program, and typically cost hundreds of dollars more! At People’s, our MBI program is extremely flexible, offering three levels of protection; you can pick the deductibles and coverage that work best for you. Other benefits include:
- Nationwide coverage
- 24-hour roadside assistance
- Direct pay to repair facility
- Rental vehicle assistance
- Transferable if you sell your car before the agreement expires
Ask for MBI whenever you apply for a People’s new or used auto loan.*
*Please visit your nearest branch location to receive a MBI Agreement for conditions of coverage, exclusions, and your duties during the term of the plan. The purchase of MBI is voluntary and cannot be required as a condition of loan approval. This service is offered by Mercury Insurance.