SHERMAN OAKS, Calif., Nov. 30, 2016 /PRNewswire/ -- Toco Warranty Corp., a seller of vehicle service contracts (VSC) and mechanical breakdown insurance, launched a new website for consumers who demand affordable monthly payments. Toco Warranty offers an easy online experience so customers can clearly understand their VSC coverage and have the ability to purchase online.

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Pay-as-you-go plans have changed the way consumers choose services. This trend is not exclusive to TV services and is being adopted as a standard for mobile phone plans, music streaming and computer programs. A major factor driving consumers to "cut the cord" and opt for subscription-based services is cost.

To simplify the vehicle service contracts purchasing process, Toco Warranty's user-friendly website lets consumers view Toco Warranty's plans to see what's covered and what isn't, and to purchase directly online.

A 2015 study found that as many as 46 percent of U.S. households surveyed would find an unexpected $400 financial emergency challenging to handle.* Toco Warranty provides simple vehicle service contracts with a payment plan and no down payment. While it's not a pay-as-you-go service, Toco customers may cancel their contract and payment plan at any time, although cancellation fees may apply.

"Our new website reflects our business model of simple, transparent and financially smart," says Paul McGee, national Customer Care manager, Toco Warranty. "We put the customer first by addressing their primary concerns around a VSC and the ability to research through our robust Knowledge Center to help inform their decisions — all with a few clicks."

Explore the new Toco Warranty website to discover how it's helping customers keep their cars, and their lives, driving forward.

*Report on the Economic Well Being of U.S. Households in 2015, May 2016, Boards of Governors of the Federal Reserve System

About Toco Warranty

Toco Warranty's mission is to offer used-car drivers with simple-to-use and financially smart vehicle repair coverage that can be purchased using a monthly payment plan. Cancellation fee may apply. Toco Warranty offers vehicle service contracts, and mechanical breakdown insurance (for California customers). Toco is an AmTrust Financial Services company. AmTrust Financial Services, Inc., is a multinational financial services company with primary insurance subsidiaries rated "A" (Excellent) by A. M. Best Company. To learn more, visit us at www.tocowarranty.com and follow us at www.facebook.com/tocowarranty, @TocoWarrantyUS, www.youtube.com/tocowarranty and google.com/+Tocowarranty

Not currently available in AK, MO, and WA. Information provided is for summary purposes only. See Registration Page and Terms and Conditions for complete details. Not all vehicles are eligible for coverage.

All plans require a mandatory Waiting Period before coverage takes effect, which starts from the contract purchase date and vehicle's odometer mileage at contract purchase date. Covered services are subject to a $100 deductible, per visit. Plans referenced are not insurance; they are Vehicle Service Contracts [except in CA, where coverage is sold as mechanical breakdown insurance (MBI), which is not the same as bodily injury/property damage liability automobile insurance that may be required]. Coverage under MBI differs from Vehicle Service Contracts. Contact Toco for information on coverage available in CA.

Vehicle Service Contract coverage is provided and administered by Warrantech Automotive, Inc., 2200 Highway 121, Bedford, TX, 76021; (800) 616-1215. In the following states, coverage is provided by: in FL – Wesco Insurance Company (as obligor and administrator), 59 Maiden Lane, 43rd Floor, New York, NY 10038, 866-327-5818, License #01913 and Toco Warranty Corp. (as seller), 15301 Ventura Blvd., Bldg B, Suite 310, Sherman Oaks, CA 91403, License #W139014; in OK – Warrantech Automotive of Florida, Inc. (as obligor and administrator), P.O. Box 959, Bedford, TX 76095, 800-577-6624. Not affiliated with any manufacturer or dealership. Roadside Assistance Services are provided by Nation Safe Drivers, 800 Yamato Rd. Suite 100, Boca Raton, FL 33431 (except as otherwise noted in the terms and conditions). ME State Dept. of Professional and Financial Regulation Transient Seller's Lic.#: CO8852.