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Airbags are a one-time car safety feature that generally cannot be reused after deploying in a crash. The cost of airbag replacement can range between $1,500 and $6,000 depending on the severity of the crash.

More than 50,000 lives were saved by airbags over a 30-year period, according to the U.S. Department of Transportation. Below, we highlight how you can pay for the cost of airbag replacement.

What Are Airbags?

Airbags are cushions built into vehicles that inflate to protect the driver and passengers when a collision occurs. They’re intended to supplement seat belts with an extra layer of protection. Since 1998, frontal airbags have been standard in passenger cars. The following year, that became true for vans, pickup trucks, and SUVs. Side airbags are now being offered on many newer cars as options for added protection, too.

How Do Airbags Work?

According to the National Highway Traffic Safety Administration (NHTSA), when a moderate to severe collision occurs, the airbag’s electronic control unit signals the inflator of the crash. An igniter launches a chemical process, inflating the front airbag in less than 1/20 of a second. Side airbags deploy even more quickly.

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Components of an Airbag System

Components of an airbag system include the following:

•   Clock spring

•   Impact sensor

•   Igniter

•   SRS warning light

•   Passenger seat switch

•   Pyrotechnic inflator

•   ECU

•   Seatbelt tensioners

Driver and Passenger Airbags

When driver-side airbags became required in 1998 and 1999, this included passenger-side ones, too. On the driver’s side, the airbag is placed in the steering wheel, while manufacturers install one for passengers in the dashboard.

Clock Spring

A clock spring attaches to the steering wheel housing/cover and then typically connects to the airbag’s control module. Then, the wires in the clock spring connect the control module to multiple other parts: the steering wheel, the ignition switch, and the computer. It relays messaging among these parts.

Impact Sensor

Also called crash sensors, the airbag system relies upon them to know when it’s time for the airbag to inflate. These impact sensors can detect when a car suddenly stops accelerating and are typically programmed to activate when a vehicle crashes into something solid at the rate of 15 miles per hour or more.

Igniter

Once a crash sensor sends a signal, the igniter plays a role. A chemical reaction creates a harmless gas that causes the airbag to inflate nearly instantly. Because the airbags inflate so rapidly, it’s crucial for drivers and passengers to not be too close to the airbag’s location. Serious injuries can occur if someone is too close to a deploying airbag, and injuries can be fatal.

SRS Warning Light

When this warning light, typically located on a vehicle’s instrument panel on the dashboard, is on, this means that the airbag inflation can be deployed. When the airbag system is triggered through a qualifying event, the airbag warning light may flash or otherwise send a signal. When it turns off, this means that the airbag has been fully deployed.

Passenger Seat Switch

Under certain circumstances, having a frontal airbag on could present risks that outweigh its benefits. If so, NHTSA may approve an on-off switch that allows the airbag deployment to be turned off. If this option is available in your vehicle, know how to turn it on and off and weigh pros and cons carefully.

Pyrotechnic Inflator

Over the past decade, vehicle manufacturers have been increasingly using pyrotechnic inflators to contain the gas-producing substance that triggers airbag inflation. This one is less toxic than older types, with the substance contained inside the casing. They are also more efficient than the previously used hybrid inflators.

ECU

ECU stands for an “electronic control unit.” Sensors detecting a crash send this information to the ECU, which sends out an electrical pulse that triggers the process that releases the gas that inflates the airbag. ECUs may be programmed for different activation parameters.

Seatbelt Pretensioners

Late-model vehicles often have a seatbelt pretensioner that lowers the amount of slack in seatbelts when a collision occurs. Having a snugger seatbelt system allows airbags to work more efficiently.

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Is It Safe to Drive Without Airbags?

Airbags are considered an important innovation in car safety because, if a crash occurs, they cushion people in the vehicle from full impact.

Plus, car insurance policies are based on your vehicle’s features, which would include working airbags. If they need to be replaced and this isn’t done, the policy could become void, which would mean the owner is driving without car insurance — something that’s illegal in most states.

Service Airbag Light

When this light comes on, it means some part of your airbag system isn’t functioning well. Although it’s possible that airbags will still deploy in a crash, they may not. If this light comes on, have it investigated and addressed by an authorized repair center.

Safety Inspection

Some states will look at airbags during safety inspections and may issue warnings if they are not functional. If something comes up in an inspection, it’s best to get it looked at and repaired.

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Can Airbags Be Replaced After an Accident?

Yes, airbags can be replaced after an accident, and in most cases, they must be. Once deployed, airbags cannot be reused, as the system is designed for one-time activation. A certified technician will remove the deployed airbags, assess any damage to the airbag module and sensors, and install new components to restore the vehicle’s safety system.

Replacing airbags can be costly, but it’s crucial for maintaining the integrity of your car’s crash protection features.

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How Much Does it Cost to Replace Airbags?

The cost to replace airbags can vary widely depending on the make and model of your vehicle, the number of airbags deployed, and whether other components like sensors, seat belts, or the airbag control module also need replacement.

On average, replacing a single airbag can cost between $1,000 and $2,000. If multiple airbags deploy in a serious crash — such as the front, side, and curtain airbags — the total cost could range from $3,000 to $5,000 or more.

Labor costs and parts availability also influence the overall price. Luxury vehicles or those with advanced airbag systems may have higher replacement costs due to specialized components and complex installation. In some severe cases, especially when several safety systems are compromised, the repair costs can approach or exceed the car’s value, leading insurance companies to declare the vehicle a total loss.

Will Auto Insurance Cover Airbag Replacement?

Yes, most car insurance policies will pay for airbag replacement if you were involved in an accident and the other driver was at fault (this means the at-fault driver’s liability insurance covers it) or if you have collision insurance that will pay for damage to your car no matter who was at fault.

However, because of the high price of new airbags and installation costs, some vehicles with a low cash value will be considered a total loss by the driver’s insurance company if the airbags deploy (added to whatever other damage takes place). This means your insurance company might consider it more economical to declare your car a total loss than cover repairs.

For this reason, a driver might consider paying for airbag replacement and other repairs without going to their auto insurer.

How Can I Pay For Airbag Repair Costs?

If you do not use auto insurance for airbag work, four ways to pay for it include:

•   Cash

•   Credit card

•   Personal loan

•   Auto loan refinance

Cash

Paying for airbag replacement in cash from checking or savings can be a good option if you want to avoid insurance rate increases or don’t have comprehensive coverage. It gives you more control over the repair process and may lead to discounts from repair shops.

However, because airbag replacement can be expensive — often thousands of dollars — it’s important to weigh the cost against what your insurance might cover. If the damage is extensive, filing a claim could be more practical, even if it affects your premiums.

Credit Card

If you don’t have enough cash or paying the bill that way would cut you short for other expenses, credit cards allow you to pay the airbag costs.

Benefits of this approach include the ability to pay over time and earn rewards. However, if you don’t pay the balance in full, you’ll also pay interest on the amount.

Personal Loan

A personal loan is another option. Interest rates are typically lower than credit card rates and payments are made back in regular installments.

Limits may be higher, and unsecured personal loans don’t require any collateral. Often, though, monthly payments are higher than with a credit card.

Auto Loan Refinance

Paying for airbag replacement through an auto loan refinance can be a smart financial move if you’re facing high repair costs and need immediate funds. By refinancing your existing auto loan, you may secure a lower interest rate or extend your loan term, freeing up cash to cover the airbag repair.

Some lenders even offer cash-out refinancing, allowing you to borrow more than you currently owe and use the extra funds for necessary expenses like vehicle repairs. This approach spreads the cost over time, making it more manageable than a lump-sum payment.

Recommended: Pros and Cons of Car Refinancing

The Takeaway

A new airbag can cost anywhere from $1,000 to $6,000 and even more. After an accident, many car insurance policies will cover airbag replacement. If not, other financing options come into play, including paying for the replacement in cash, using a credit card, taking out a personal loan, or refinancing your car.

If you’re seeking auto loan refinancing, SoFi is here to support you. On SoFi’s marketplace, you can shop and compare financing options for your car in minutes.

With refinancing, you could save big by lowering your interest or lowering your monthly payments.

FAQ

What is the cost of airbag replacement?

An airbag replacement can cost anywhere between $1,000 and $6,000, depending on the vehicle and where the airbag is located.

How much does it cost to fix airbags?

An airbag can sometimes be rebuilt, though it’s not always recommended. If you choose to do this, you may be able to fix one for about $1,000.

How can I pay for airbag repair costs?

In some cases, your auto insurance policy will cover it. Other options include paying cash, using a credit card, taking out a personal loan, or refinancing your car.

Photo credit: iStock/gokhanilgaz

SoFi's marketplace is owned and operated by SoFi Lending Corp.
Advertising Disclosures: The preliminary options presented on this site are from lenders and providers that pay SoFi compensation for marketing their products and services. This affects whether a product or service is presented on this site. SoFi does not include all products and services in the market. All rates, terms, and conditions vary by provider. See SoFi Lending Corp. licensing information below.

Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

SOALR-Q225-018

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Your exhaust manifold is a vital part of your car: It helps whisk super-hot, potentially dangerous gases away from the engine and out of your vehicle. If damaged, those gases could leak into the cabin of your car, causing harm to you and your passengers. Even if this weren’t the case, your vehicle could become loud or inefficient.

Repairing an exhaust manifold could cost under $100 or considerably more, and replacing it is likely to be a pricey undertaking, usually ranging from $1,300 to $1,500. Here’s a closer look at the factors that go into exhaust manifold replacement and repair costs.

How Does the Exhaust Manifold Work?

The exhaust manifold is the first portion of a vehicle’s exhaust system. It pulls gases created by fuel combustion in the cylinders and moves them to the catalytic converter. There, chemical reactions convert toxic gases into less harmful ones that can be released into the environment.

The exhaust manifold is bolted directly to the engine block, and V-type engines will have one for each bank of cylinders. As noted, it plays a critical role in the safety of your vehicle.

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How Much Does It Cost to Replace an Exhaust Manifold?

The average cost of replacing an exhaust manifold currently ranges from $1,329 to $1,534, including the cost of parts and labor. That said, some exhaust manifolds can cost still more; say, $3,000, depending on your vehicle.

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What Determines Exhaust Manifold Replacement Costs?

The cost to replace an exhaust manifold relies on a number of factors. Consider the following:

Cost of Parts

Parts and labor are the two main components of the cost of exhaust manifold replacement. On average, parts are priced anywhere between $991 and $1,037.

If you choose original equipment manufacturer (OEM) parts, pricing tends to be significantly lower than if you were to choose performance parts.

Labor Costs

Replacing an exhaust manifold should only take three to five hours of work. Cost for that time runs $339 to $497, on average.

Car Make and Model

Your car’s make and model is essentially the brand and specific vehicle type. Each will use a different engine and parts, which impact costs and labor time. Typically, the more common the vehicle and the part, the cheaper the replacement costs are. If you drive a particularly rare or high-performance vehicle, your costs may increase.

Which Parts Need to Be Replaced?

Unfortunately, a damaged exhaust manifold can have ripple effects on the parts around it. For instance, if scorching exhaust is pushed into the catalytic converter, it can cause damage. If this part needs to be replaced as well, you can expect your auto repair bill to increase quite a bit. The average cost to replace a catalytic converter currently runs more than $2,000, for example.

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Signs of a Bad Exhaust Manifold

Keep an eye out for symptoms that can help clue you into a damaged exhaust manifold.

Rumbling or Hissing Engine Noises

Normally, you only hear the sound of exhaust after it’s made its way through the muffler, which makes it significantly quieter. But if you have a leak in the exhaust manifold, which sits above the muffler, you may hear louder noises than usual coming from your engine, including hissing, rumbling, or the sound of gears changing.

An inspection of the exhaust systems can help determine which part is leaking and whether it’s the exhaust manifold.

The Smell of Exhaust Under the Hood

Car exhaust systems send exhaust to the back of the vehicle, where it is released. If you smell exhaust under the hood, that means it’s escaping somewhere near the engine. It likely means gases haven’t made it to the catalytic converter, which in turn could indicate issues with the exhaust manifold.

That said, it could also be an issue with the exhaust valves or part of the vacuum system. A mechanic can help diagnose the exact problem.

Check Engine Light Is On

Most modern engines have sensors that detect oxygen levels and vacuum pressure in the exhaust system. If something is amiss, your check engine light will likely go on. While this won’t pinpoint the precise problem, a mechanic can help you diagnose the issue.

Decreased Engine Performance

A leak in the exhaust manifold will reduce the rate at which exhaust is removed from your car. It will begin to back up and your engine won’t be able to produce as much power as usual when you press the gas pedal.

You can also keep tabs on how much fuel your car is using. If it’s more than usual, it could signal that something is off in your exhaust system.

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How Often Do Exhaust Manifolds Need to Be Replaced?

Your exhaust manifold is designed to last the lifetime of the engine, though problems may arise with age. Excessive heat in the engine or an imbalance of fuel and air can lead to leaks at any time.

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Can You Drive With a Bad Exhaust Manifold?

You should not drive with a damaged exhaust manifold. Toxic carbon monoxide gases could leak into the main cabin, harming the driver and any passengers. There could also be additional damage caused to surrounding parts, including the catalytic converter and exhaust valves.

The Takeaway

If your exhaust manifold is damaged, it’s a good idea to take care of it ASAP since it could cause an unhealthy and even dangerous condition inside the car’s cabin. In addition, it could interfere with proper functioning of other parts of your vehicle. Depending on whether you need a repair or replacement, the price tag for this work can range from under $100 to $1,500 or possibly more. If you don’t have the cash on hand to pay for the repair, you may want to consider other financing options, such as refinancing your auto loan or taking out a personal loan.

If you’re seeking auto loan refinancing, SoFi is here to support you. On SoFi’s marketplace, you can shop and compare financing options for your car in minutes.

With SoFi’s marketplace, you can quickly shop and explore options to refinance your vehicle.

FAQ

Can I replace an exhaust manifold myself?

With the proper tools and expertise, you can replace your exhaust manifold yourself. Doing so may save you a few to several hundred dollars in labor costs.

Can a cracked exhaust manifold be repaired or does it need to be replaced?

It may be possible to repair a cracked exhaust manifold. Most exhaust manifolds are made from cast iron, and repairing them involves soldering the crack or using heat-resistant epoxy to fill the crack. However, these repairs may not stand up for long against the heat of the gases contained by the exhaust manifold. In other words, these repairs may just buy you time before a full replacement is needed.

How do I know if my exhaust manifold gasket needs to be replaced?

Signs that your exhaust manifold needs to be replaced include loud noises from the engine, the smell of exhaust under your hood, and decreased engine efficiency. A mechanic can help diagnose the damage and determine what needs to be done.

What is the difference between an exhaust manifold and a header?

Exhaust manifolds and headers perform the same task — they remove exhaust from the cylinders. The main difference is headers are typically used on high-performance vehicles or added as an upgrade, while exhaust manifolds are used on regular production cars.

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Photo credit: iStock/Tashka

SoFi's marketplace is owned and operated by SoFi Lending Corp.
Advertising Disclosures: The preliminary options presented on this site are from lenders and providers that pay SoFi compensation for marketing their products and services. This affects whether a product or service is presented on this site. SoFi does not include all products and services in the market. All rates, terms, and conditions vary by provider. See SoFi Lending Corp. licensing information below.

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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SOALR-Q225-016

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Car loan wage garnishment can be a stressful financial burden for borrowers who fall behind on payments.

Of course, this is a situation you want to try to avoid. Fortunately, there are steps you can take to help prevent it. This guide will cover what wage garnishment is, when an auto lender is likely to use it, and how to stop wage garnishment for a car loan.

What Is Wage Garnishment?

Creditors may use a method called wage garnishment when you fail to pay off your debts. It’s a legal procedure that allows them to get a court order requiring your employer to withhold a percentage of your earnings to pay off your debt. The employer is required to send the garnished wages to the creditor.

Common causes for wage garnishment include outstanding court fees, medical bills, child support, unpaid taxes, defaulted student loans, and in some cases, car repossession or voluntary repossession.

Can Car Loan Companies Garnish Wages?

If your car has been repossessed, a car loan company can garnish wages in particular circumstances and in certain states. Not all states allow wage garnishment, so check to see if yours does.

How Wage Garnishment Works

If you default on your loan, your lender may repossess your car. To recoup the money you still owe on your loan, the lender will typically sell the car at auction. In the meantime, they may also foot the bill to clean the car and make any minor repairs.

If the lender doesn’t make enough money through the sale of the vehicle to cover the outstanding loan plus any other costs they’ve incurred, you’ll owe what is known as a deficiency. You’re responsible for paying off this amount. If you don’t, your lender may take you to court to obtain a judgment against you that allows them to garnish your wages.

If this happens, the court will send an order to your employer to withhold a certain amount from your paychecks. Your wages will continue to be garnished until the debt is repaid in full.

It’s important to note that federal law prohibits an employer from terminating you if your wages are garnished–up to a point. You can’t be dismissed if you have one wage garnishment order, but that’s where the federal protection ends. State laws may offer further protection, but you’ll need to check with your specific state’s labor department.

How Much of Your Wages Can Car Loan Companies Garnish?

If your state allows lenders to garnish your wages after a car repossession, federal law limits the amount they can take to 25% of your disposable earnings or the amount of disposable earnings you have that exceed 30 times the federal hourly minimum wage — whichever is the lesser of those two.

Some states have a lower limit for wage garnishment. For example, California limits the amount of wages that can be garnished to 25% of disposable income, or 50% of 40 times the state’s hourly minimum wage — whichever is less.

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Can You Stop Wage Garnishment for a Car Loan?

You’ll want to avoid having car loan companies garnish wages if you can. For one thing, wage garnishment can be stressful for you and your employer. Even more important, if a lender has resorted to garnishing your wages, it’s likely that some serious damage has been done to your credit score, which can make it more difficult to get credit in the future. Here’s how to stop wage garnishment for a car loan.

Pay Your Bills On Time

The best way to avoid car repossession and possible wage garnishment is to regularly make on-time bill payments. This will also help you maintain a good credit score.

If you encounter financial problems that will make it difficult to repay your car loan, contact your lender immediately. They’d rather not have you default on the loan, so they may work with you to come up with a new payment program to help you get back on track. They could lengthen the term of your loan or break your payments into smaller sums that you pay twice a month, for instance.

If you’re experiencing a more severe financial hardship, you may be able to request a grace period or a deferral on the loan, which allows you to skip a small number of payments. The lender will tack the deferred payments onto the end of your loan.

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Refinance Your Loan

If you’re having trouble making your loan payments on time, consider an auto loan refinance, especially if interest rates have dropped. When you refinance a loan, you pay off your old loan with a new one, ideally at a lower interest rate or more favorable terms. A lower interest rate or lengthening your loan term could reduce the size of your monthly payment, which may help your budget.

Refinancing might be tricky in certain situations, such as with upside down auto loans, for example. If your auto loan is upside down, talk to your lender to see what your options might be. The same is true if you end up having to declare bankruptcy. While it might be possible to get an auto loan after bankruptcy, it will likely be challenging.

Recommended: Pros and Cons of Car Refinancing

Pay Off Your Deficiency

You can stop wage garnishment by paying off the debt in full, including any court fees or interest that has accrued. Once the balance is paid, the lender is required to notify the court and your employer to stop the garnishment.

It’s important to get written confirmation and keep records of the payoff to ensure the garnishment ends promptly. Additionally, negotiating a payment plan or filing for bankruptcy may also halt wage garnishment in certain cases.

Reinstate or Redeem Your Loan

If your car has been repossessed, there are steps you can take to get your car back.

Depending on the state you live in, you may be allowed to reinstate your loan. You’ll have to make all past due payments and pay all costs associated with repossession, such as towing fees. Generally, this needs to happen 10 to 20 days after the car is repossessed. Your lender can give you the specific payment amount and time frame information.

You might also be able to redeem your loan. In this case, you’ll need to pay off the entire balance of the loan plus any costs associated with the repossession. At this point, you’ll own the car outright.

Buy Back Your Car

In some cases, you can buy back your car after it has been repossessed to avoid wage garnishment, typically by paying off the full amount owed, including any repossession fees and past-due payments.

As mentioned above, this process is called “redeeming” the vehicle. Some lenders may also offer reinstatement, where you bring the loan current and cover fees to get the car back. Acting quickly is essential, as the vehicle may be sold at auction if not reclaimed within a certain timeframe.

Recommended: Refinancing With Bad Credit

The Takeaway

Wage garnishment is a situation you want to avoid, if possible. To prevent your wages from being garnished, do your best to make your car payments on time. If you’re experiencing financial distress, reach out to your lender right away to see if they will work with you on a payment plan.

Another option is to explore refinancing your car loan, possibly lowering your monthly payments if you can get more favorable interest rates and terms.

If you’re seeking auto loan refinancing, SoFi is here to support you. On SoFi’s marketplace, you can shop and compare financing options for your car in minutes.

With SoFi’s marketplace, you can quickly shop and explore options to refinance your vehicle.

FAQ

Can a car loan company garnish your wages?

Auto loan lenders can garnish your wages in certain states when your car has been repossessed. Typically, the lender will sell the car to help recoup their loss. If the car sells for less than what you owe on it, plus any expenses the lender incurred during repossession, you’re responsible for paying the deficiency. If you can’t pay it, the lender can go to court to get an order to have your wages garnished.

What is the most car companies can garnish from your paycheck?

Federal law limits garnishment to 25% of your disposable income or the amount of disposable earnings you have that exceed 30 times the federal hourly minimum wage, whichever is less. State laws may set lower limits, so check the rules in your state.

How do I stop wage garnishment for a car loan?

You may stop wage garnishment by paying off your deficiency, which is the difference between your loan balance and the amount your lender is able to get from the sale of your repossessed car.

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Photo credit: iStock/AndreyPopov

SoFi's marketplace is owned and operated by SoFi Lending Corp.
Advertising Disclosures: The preliminary options presented on this site are from lenders and providers that pay SoFi compensation for marketing their products and services. This affects whether a product or service is presented on this site. SoFi does not include all products and services in the market. All rates, terms, and conditions vary by provider. See SoFi Lending Corp. licensing information below.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

SOALR-Q225-013

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The crankshaft is the backbone of the engine. It is powered by the pistons and converts their linear motion into rotational motion, driving the transmission and the camshaft.

If your crankshaft fails, you’ll need to repair or replace it immediately. You can expect costs for replacing a crankshaft to run as high as $3,000 or more, including parts and labor. In some cases, if a very small fix is needed, you can repair the crankshaft rather than replace it. Repairs cost $270, on average, including parts and labor.

Keep reading to learn what the crankshaft in your vehicle does, the factors that affect the price of repair or replacement, and options for covering the cost.

Crankshaft Repair and Replacement Cost Breakdown

The cost of repairing or replacing a crankshaft will largely depend on two factors: labor and parts. Generally, you can expect to pay $75 to $130 per hour for an auto mechanic, with rates varying depending on where you live. For example, a mechanic in a big city will likely charge more than one in a rural town.

Replacing a crankshaft is not an easy fix and can take up to 16 hours or more. On the high end, you could be looking at nearly $2,000 in labor costs alone. Repairs, on the other hand, may take much less time, which significantly reduces the cost.

The remainder of your expenses will largely be related to cost of parts. If you have a relatively common make and model of vehicle, you might be able to find a replacement crankshaft for as little as $100. However, the cost of parts for high-performance and luxury vehicles could run you as much as $1,000. On average, you’re likely to pay somewhere in the middle, around $500 for parts.

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Lowering the Cost of Crankshaft Replacement

Replacing your crankshaft is an expensive fix, but there are ways you can work to reduce costs. First, gather information on average costs in your area. You may want to use online tools, like Kelley Blue Book’s Repair Pricing tool or the Consumer Report’s Car Repair Estimate, to give you an idea of the price range you can expect in your area for a given repair.

With that information handy, you can contact mechanics and ask for a price estimate from them. Compare their estimates to the average cost you’ve found to determine where you are getting a fair price.

If you’re unfamiliar with a mechanic, look up reviews online to see how other customers have fared with them. You may also want to look them up on the Better Business Bureau to see if they’ve received any complaints.

Another way to reduce costs is to purchase the parts yourself and take them to the mechanic. Aftermarket parts may be available for your vehicle, as well, so make sure to search for those, too.

What Is a Crankshaft?

The crankshaft is the part of the engine that turns the vertical motion of the pistons into rotational motion, which helps to turn the wheels of your car. When gas and air combust in the cylinder, the combustion drives the piston down. The reciprocating motion of the pistons moving up and down turns the crankshaft. It then delivers that power to the transmission, which directs the power to the wheels.

Why Do Crankshafts Fail?

Crankshafts can fail due to a combination of mechanical stress, poor maintenance, and manufacturing defects. As the component responsible for converting linear piston motion into rotational motion, it endures immense pressure and force. Over time, these forces can cause cracks, wear, or even complete breakage. Common causes of crankshaft failure include:

•   Lack of lubrication leading to excessive friction and heat

•   Overloading or high-performance stress beyond engine design limits

•   Improper engine assembly or alignment

•   Fatigue from prolonged use or repeated stress cycles

•   Manufacturing defects such as poor casting or surface flaws

Proper engine care, routine maintenance, and using high-quality engine oil can help prevent crankshaft damage.

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Signs of a Bad Crankshaft

A failing crankshaft can cause a variety of engine performance issues, often signaling deeper mechanical problems. Since it plays a vital role in engine operation, early detection is key to avoiding severe damage. Common signs of a bad crankshaft include:

•   Knocking or thudding noises from the engine

•   Low oil pressure, often due to worn bearings

•   Engine misfires or stalling

•   Metal shavings in the oil, indicating wear

•   Difficulty starting the engine or it won’t start at all

If you notice any of these symptoms, it’s important to have your engine inspected by a professional mechanic right away.

Ways to Cover Crankshaft Repair and Replacement Costs

With the price of a crankshaft replacement topping $3,000 in some cases, it is important to strategize how to cover the expense.

Recommended: Cylinder Head Replacement Cost

Cash

Cash is the cheapest way to cover the cost, as it doesn’t involve fees or interest. In fact, you may consider putting money in a savings account specifically for auto repairs. However, if you don’t have enough cash on hand, you may consider financing the expense.

Credit Cards

Credit cards are one option worth considering. However, they work best when you are able to pay off your balance each month. If you carry a balance, you’ll owe interest, often to the tune of 20% or more. Continue carrying a balance, and your interest will compound. In other words, you’ll start to owe interest on your interest, which can send you deeper into debt.

Personal Loan

Personal loans are another option, and they may offer better interest rates than credit cards. A personal loan allows individuals to borrow a lump sum that can be used for almost any reason, including car repairs. In exchange, you agree to pay back the loan in regular monthly installments with interest.

Auto Loan Refinance

Finally, you could consider refinancing your auto loan. When you refinance your loan, you pay off your old loan with a new one, preferably with a lower interest rate. A lower rate can help you save money over the life of the loan, and you can use these savings toward auto repair. You could also consider a cash-out auto refinance, which lets you replace your current auto loan with a new one for more than you owe — and take the difference in cash. You can then use the extra cash to pay for your crankshaft repair.

Recommended: Pros and Cons of Car Refinancing

The Takeaway

The crankshaft sits at the bottom of the motor and helps with the rotational motion that drives the wheels. Signs you may need your crankshaft replaced or repaired include hearing knocking sounds coming from the engine, low oil pressure, or engine misfires.

Replacing a crankshaft can be as much as $3,000, with most of that being spent on labor. Options for paying for it include using cash, putting it on a credit card, taking out a personal loan, or choosing to refinance your car loan.

If you’re seeking auto loan refinancing, SoFi is here to support you. On SoFi’s marketplace, you can shop and compare financing options for your car in minutes.

With SoFi’s marketplace, you can quickly shop and explore options to refinance your vehicle.

FAQ

Can I continue driving my vehicle with a damaged crankshaft?

No, you should not continue driving your vehicle with a damaged crankshaft. If it breaks, your engine may cease working entirely, and it may cause damage to surrounding parts. This can increase the total cost of repair.

Can a crankshaft be repaired, or does it need to be replaced entirely?

Repairing a crankshaft can be complicated, but in some cases there are small repairs that can be done to get your crankshaft working again.

How long does it take to repair or replace a crankshaft?

In general, you can expect an easy crankshaft repair to take a couple of hours, while replacing the part entirely will likely take eight to 16 hours.

Does the make and model of the vehicle affect the cost of crankshaft repair or replacement?

Yes, the make and model of your vehicle will affect the cost of crankshaft repair or replacement. Different cars require different parts that may be more or less complicated to replace, which can affect labor time and cost.

Can I attempt to repair the crankshaft myself to save money?

Repairing a crankshaft yourself can save money, but it’s risky without proper tools and experience. Crankshafts are precision components, and mistakes can lead to engine failure. If you’re skilled in engine repair and follow exact specifications, it’s possible — but for most people, professional repair or replacement is the safer option.

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Photo credit: iStock/dragana991

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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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There’s no such thing as a safe investment, but some types of investments may be less risky than others. For instance, bonds tend to be less risky than stocks, though that’s not always the case. Depending on an individual investor’s risk tolerance, knowing which investments tend to be more conservative and which tend to be riskier, can be important to forming an investment strategy.

The Essence of Conservative Investing

It’s difficult to identify the least-risky investments on the market since they’re all subject to different types of investment risk. Your personal risk tolerance as an investor also comes into play, as you may have a much higher or lower appetite for risk compared to someone else. When viewed through that lens, an investment that seems relatively conservative to you might seem risky to someone else.

Defining Lower-risk Investment

You might assume that it simply means any investment that carries zero risk — but that’s not necessarily a definitive answer, or a realistic one, since all investments have risk. As such, when constructing a portfolio, it’s important to look at the bigger picture which includes an individual investment’s risk profile as well as an investor’s risk tolerance, as mentioned. Risk capacity, or the amount of risk required to achieve a target rate of return, can also play a part in investing decisions, and which can help investors define lower-risk investment options.

The Appeal of Fixed Income

Fixed-income securities can be particularly attractive to risk-averse investors. These types of securities tend to have lower associated risks, guaranteed returns, and maybe even tax benefits — but that’s balanced out by lower potential returns, and other types of risk. With that in mind, it may be a good idea to look at fixed-income investments right out of the gate for relatively conservative investment options.

Evaluating Risk in Investments

It’s not necessarily easy to evaluate an investment’s relative risk or risks. But investors can likely do well by learning about the types of risks that an investment may be associated with, and how those risks can line up with their strategy or portfolio.

Key Principles for Secure Investments

Perhaps the most important method involved in discerning how risky an investment is the specific type of risks it introduces to a portfolio.

Investors who choose products and strategies to avoid market volatility leave themselves open to a variety of risks. When researching less-risky investments, it’s important to consider how different risk factors may affect them. Here are some of the most common types of risk you might encounter when building a diversified portfolio.

•   Inflation risk. This is the risk that your purchasing power can erode over time as inflation increases.

•   Interest rate risk. Fluctuating interest rates can influence returns for less-risky investment options such as bonds.

•   Liquidity risk. Liquidity risk refers to how easy (or difficult) it is to liquidate assets for cash if needed.

•   Tax risk. Task risk can influence an asset’s return, depending on how it’s taxed.

•   Legislative risk. Changes to investing or tax regulations could affect an investment’s return profile.

•   Global risk. Certain investments may be more sensitive to changing geopolitical events or fluctuations in foreign markets.

•   Reinvestment risk. This risk refers to the possibility of not being able to replace an investment with one that has a similar rate of return.

Risk vs Return: Finding the Balance

There’s a reason the sayings “nothing ventured, nothing gained” and “no risk, no reward” have been around so long. But having some knowledge of where various investments fall on that range of risks — as well as the types of risks to which a particular investment could be exposed — may help investors find the returns they need while still holding on to some sense of control.

Netting bigger potential rewards often means taking on more risk, investors may benefit from understanding the degree of risk they’re comfortable with and capable of enduring. That’s why it’s important to research every asset they add to their portfolio — or get help from a professional advisor when choosing between the riskiest and least-risky options.

Lower-risk Investment Options in 2025

Among lower-risk investments on the market in 2025, here is a sampling of what investors might want to choose from, or research further.

High-yield Savings Accounts

Typically offered via online banks, high-yield savings accounts pay a higher interest rate than other types of deposit accounts. That said, since current interest rates are extremely low, these accounts are providing scant returns.

High-Yield Savings Accounts Pros

•   You’re unlikely to lose your principal in a savings account.

•   High-yield savings accounts are FDIC insured, so you won’t lose your deposit if your bank closes.

•   Savings accounts are highly liquid, meaning you can access your money quickly at any time.
High-Yield Savings Accounts Cons

•   Since interest rates on these accounts are lower than inflation, your money could lose purchasing power over time.

•   High-yield savings accounts offer a lower rate of return compared to other conservative investments or those with moderately higher risk.

•   Some banks place limits on the number of withdrawals that you can make from a savings account each month.

Recommended: Breaking Down the Different Types of Savings Accounts

Bonds and Treasury Securities

Investors typically consider savings bonds one of the least-risky investment options. Investors can purchase EE savings bonds (the most common type of savings bond) from the U.S. Treasury Department for half the face value and accrue interest monthly based on a fixed rate.

The interest rate is set for the first 20 years after purchase, and the Treasury guarantees an EE bond will be worth at least its face value when those 20 years have passed. After that, the Treasury resets the interest rate and extends the maturity by 10 more years.

Investors don’t have to hold onto a savings bond for the entire 30 years, but they do have to wait at least a year before redeeming it. And they’ll forfeit three months’ interest if they redeem a savings bond during the first five years after its purchase. The current rate for EE bonds is 2.70%. The return may be more conservative, but it’s also offers stable, low-risk growth.

Further, Treasury securities (bills, notes, and bonds) provide funding for the government in exchange for a fixed interest rate. So, they are sold and backed by the “full faith and credit” of the U.S. government.

Because the government has the means to repay its investors (by printing more money or raising taxes), it’s highly unlikely it will default on these obligations, so investors get a practically guaranteed return of their principal and any interest they have coming, as long as they hold onto the security until its maturity date. For those reasons, Treasury securities land in the less-risky investments category.

Different types of government securities come with different lengths of maturity, and their interest rates reflect those term lengths. Treasury bonds have a higher interest rate in exchange for a longer term (30 years), but that lengthy term can be a drawback.

US Treasuries Pros:

•   Since they’re backed by the government, securities are among the least-risky investment options.

•   Varying maturity terms allow for flexibility when using securities to diversify a portfolio.

•   Interest is guaranteed if investors hold U.S. securities to maturity.

US Treasuries Cons:

•   Though conservative, you likely will not see sizable gains from this type of investment.

•   Once you buy a Treasury security the terms won’t change, even if newer bonds are paying higher rates.

•   Selling a bond before it matures could be difficult if there are bonds with more favorable terms on the market.

Certificates of Deposit (CDs)

A certificate of deposit account or CD is a time deposit account. These accounts require you to save money for a set time period, during which you can earn interest. Once the CD matures, you can withdraw your original deposit along with the interest earned. You can open CD accounts at brick-and-mortar banks and credit unions or online financial institutions.

CDs are similar to a savings account, and they’re FDIC-insured, which means the government will cover the depositor’s principal and interest (up to $250,000) if the bank or savings association issuing the CD fails. But unlike other bank accounts, savers must leave their money in the account for a designated period of time — usually from a few months to a few years. The longer the term, the higher the interest rate. And if savers take out the money early, they might have to pay a penalty (although there are some exceptions).

CD Pros:

•   Lower-risk as interest rates can be guaranteed for the CD’s maturity term.

•   FDIC coverage minimizes the risk of losing money if your bank closes.

•   The ability to earn interest on funds you don’t need to use for the near term.

CD Cons:

•   Withdrawing money from a CD before maturity can trigger an early withdrawal penalty.

•   When interest rates are low, CD interest earnings may not keep pace with inflation.

•   Some CDs may require larger minimum deposits to open.

Money Market Funds & Accounts

Money market funds are fixed income mutual funds that invest in short-term, lower-risk debt securities and cash equivalents. You may find them offered by banks though you’re more likely to encounter them at an online brokerage. They’re not to be confused with money market accounts, which are on demand deposit accounts also offered by banks and credit unions. Money market funds must comply with regulatory requirements regarding the quality, maturity, liquidity, and diversification of their investments, which can make them appealing to investors looking for a conservative and steady security that pays dividends.

But the less-risky and short-term nature of the investments within these funds means that returns are generally lower than those of stock and bond mutual funds with more risk exposure. That means they may not keep pace with inflation.

Money Market Fund Pros:

•   Money market funds are a conservative investment that carry less risk than traditional mutual funds or exchange-traded funds (ETFs).

•   Unlike CDs, savings bonds or U.S. Treasury securities, you’re not necessarily locked in to money market funds for a specific time period.

•   Money market funds can generate returns above high yield savings accounts or CDs.

Money Market Fund Cons:

•   A lower risk profile also means a lower return profile compared to other mutual funds or ETFs.

•   Risk doesn’t disappear entirely; you could still lose money.

•   Certain money market funds may offer greater liquidity than others.

Corporate Bonds

Corporate bonds may not be as conservative as CDs or government bonds, but investors generally consider them a lower risk than stocks. The term “investment grade” lets investors know a bond is a lower risk based on ratings received by either Standard & Poor’s or Moody’s. You can purchase corporate bonds through some online brokerage accounts.

Investors expect that a higher-quality investment-grade bond — rated AAA, AA+, AA, and AA- by Standard & Poor’s — will perform consistently and pay interest on a regular basis. Bonds rated A+, A, and A- also are considered stable, while those rated BBB+, BBB, and BB- may carry more risk but are still considered capable of living up to their debt obligations. Like other types of bonds, corporate bonds are susceptible to interest rate risk, and with a longer commitment, there’s typically more exposure to that risk.

Corporate Bond Pros:

•   Investors can earn interest from corporate bonds for reliable income.

•   May offer higher yields than other types of bonds, with longer terms generally producing higher yields.

•   Higher-grade bonds generally have a lower default risk, making them relatively less-risky investments with high returns.

Corporate Bond Cons:

•   Default risk could mean losing money if the bond issuer fails to uphold their end of the bargain.

•   Interest rate risk can negatively impact a corporate bond investor’s return profile.

•   Longer bonds may carry a higher degree of risk compared to bonds with shorter terms.

Preferred Stocks

Preferred stocks, or preferreds, may be an appealing option for conservative investors looking for a higher yield than CDs or treasuries have to offer. Preferreds are often referred to as a “hybrid” investment, because they trade like stocks but are like bonds in that they provide income. You can trade shares of preferred stock in some online brokerage accounts.

These investments generally pay quarterly dividends that you can use as income or reinvest for more potential growth. In a worst-case scenario, if a company can’t pay its preferred dividends for a while, the money owed accumulates as backpay. And when the company resumes payments, preferred shareholders get their accumulated dividends before those who own common stocks.

You can sell preferreds at any time, but they’re typically used as a long-term investment. Just as with corporate bonds, companies that are more financially stable will receive higher marks from credit ratings agencies, so investors can have some idea of what they’re getting into.

Still, the ins and outs of buying preferred shares can be complicated, so beginners may want to work with a financial professional who is experienced in this type of investment.

Preferred Stock Pros:

•   Preferred stock can offer consistent income in the form of dividends.

•   Preferred stock shareholders take priority for debt repayment in the event that the company goes bankrupt.

•   Investors can realize capital gains when selling preferred stock if shares have appreciated in value.

Preferred Stock Cons:

•   Companies that offer preferred stock can reduce or eliminate dividends so payouts are not necessarily always guaranteed.

•   Like other stocks, preferred stocks can be riskier investments than bonds or similar securities.

•   Preferred stock shareholders are not assigned voting rights.

Blue Chip Stocks

Stocks issued by big companies that have a reputation for performing well in good times and bad are typically known as blue chips. They aren’t immune from big losses, but they tend to handle market drops better than other stocks. You can purchase blue chip stocks through an online brokerage account.

These companies have a history of dependable growth and paying consistent dividends. Investors who want to do some research can get insight on blue chips by checking out the “Risk Factors” section of a company’s annual 10-K filing.

Companies must list their most significant risks, usually in order of importance. Some risks apply to the entire economy, some to that particular industry, and a few may be specific to that company.

Blue Chip Stock Pros:

•   Blue chip stocks are typically associated with stable companies, making them less susceptible to market volatility.

•   Some Blue chip stocks pay regular dividends

•   Blue chip stocks have the potential for long-term, steady growth which can allow investors to reap the benefits of capital appreciation.

Blue Chip Stock Cons:

•   Blue chip stocks are not entirely insulated against market volatility or its accompanying downside risk.

•   Blue chip stocks may have limited growth potential, as these are companies that are already well-established.

•   Investors interested in adding innovative companies to a portfolio may be disappointed by blue chips, as these are usually older companies with a set business model.

Investment Strategies for the Conservative Investor

An investor who takes a defensive posture, or attempts to stick to less risky investments is often referred to as “conservative” – which is different from a conservative political leaning. Conservative investing is, as noted, defensive, and seeks to preserve wealth by reducing risk in a portfolio.

The opposite of conservative investing is aggressive investing. Investors in one camp or another can and will use different strategies and assets that align with their risk tolerances and time horizons. Generally, a conservative investor is perhaps more likely to stick to a buy-and-hold strategy than, say, one that involves a lot of day-trading or options trading. That’s because, over time, a buy-and-hold strategy may prove less risky as the market tends to rise over time.

Balancing Your Portfolio with Lower-risk Investments

Along with a longer-term investment strategy, conservative investors may lean into less risky investments, which can include bonds, index funds, mutual funds, and more. They may still add some riskier investments or assets to the mix, in order to provide a little bit of additional growth potential, but the balance between the risk of some investments and the lower risk of others is what a conservative investor is aiming for.

How to Identify and Select Lower-risk Investments

Investors doing their best to seek out and choose relatively lower-risk investments for their portfolio will need to do their homework. That includes looking at some key metrics that may help discern how volatile an asset’s value could be.

A good place to start is by looking at an asset’s standard deviation, which can help determine the volatility associated with an investment. Experienced investors can go even deeper, looking at Sharpe ratios, Betas, and Alphas – which are fairly high-level metrics.

Due Diligence and Diversification

When deciding how much risk to take, investors typically consider several factors, including their age, personality, and purpose. Investors who can’t handle a lot of risk for any or all of those reasons may wish to lean toward those investments that are typically the most conservative.

But another way to help protect a portfolio is through diversification: choosing investments from different asset classes, in different sectors, and with different risk factors. For example, you may choose to invest in a mix of conservative investments such as bonds or U.S. Treasury securities alongside higher risk investments, such as individual stocks or cryptocurrency.

Having some lower-risk assets in a portfolio can minimize the impact of volatility in other assets. Typically, investors with a long time horizon (such as young investors saving for retirement) can take on more risk in their portfolios, while those with shorter-term goals may want a more conservative approach. Investors with a low tolerance for risk may prefer conservative investments during times of uncertainty.

Diversification can help to balance risk so you don’t have to make an either-or choice with regard to a risky investment or conservative investment. The various assets in your portfolio can counterbalance one another as the market moves through changing cycles.

Special Considerations for Lower-risk Investments in 2025

As noted throughout, there are some special considerations investors will want to make when looking at their lower-risk investment options.

For one, depending on market trends, returns on lower-risk investments may be disappointing to some investors. As discussed, assets with lower associated risks tend to be associated with lower growth or returns. Conversely, higher-risk investments may have higher associated gains. Think about the difference in how the value of a stock might increase compared to the value of a bond – assets accrue value in different ways and at different rates.

Another thing to think about is inflation, which is the tendency of money to lose value over time. One of the reasons that many people invest is to try and see their wealth grow faster than the rate of inflation (which is, traditionally, around 2% annually, but may be higher or lower). If they’re successful, their wealth grows, rather than erodes, over time.

There’s a lot to consider when trying to outpace inflation, including the balance of risks and rewards, as mentioned. But many investments that can offer relatively high yields or dividends (like certain bonds) can also be at risk of interest rate changes. During times of high inflation (as experienced in the U.S. and much of the world in 2021, 2022, and 2023), central banks may increase interest rates to slow the economy.

That change in interest rates may cause some investments to lose value. Again, this is a consideration many investors, especially in 2023 and 2024, should be aware of.

Next Steps for the Prudent Investor

For conservative investors, or even those who are merely looking to add a dimension of lower risk to their portfolios, there are a lot of potential strategies and investment types out there. But, again, there’s no single “correct” thing to do for every investor – you’ll need to give some serious thought to your risk tolerance, time horizon, overall financial goals, and weigh the pros and cons of conservative investing accordingly.

As for next steps? It may involve speaking with a financial professional for some guidance. It may also just entail taking a look at your existing holdings, looking for areas where you can mitigate risk, and rebalancing or reallocating your resources accordingly.

Invest in what matters most to you with SoFi Active Invest. In a self-directed account provided by SoFi Securities, you can trade stocks, exchange-traded funds (ETFs), mutual funds, alternative funds, options, and more — all while paying $0 commission on every trade. Other fees may apply. Whether you want to trade after-hours or manage your portfolio using real-time stock insights and analyst ratings, you can invest your way in SoFi's easy-to-use mobile app.

Opening and funding an Active Invest account gives you the opportunity to get up to $1,000 in the stock of your choice.¹

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