I just bought my 2011 two weeks ago, and like we already know, Toyota makes a reliable truck, that's why we bought them. That said, after the go around with the salesman/ "I gotta talk to my manager about this offer" bullshit phase of the sale was over, I went in to the finance manager. Then he takes his best shot to sweeten the deal as well. Extended warranties are a real money maker for them. I didn't use this guy below, but I went in armed with the information and I got them to match the quote below for a 7/100K plan.
This is from another site, so I won't mention it by name, (pm me if you'd like to read all of the post it's from), but here's the contact information for another dealer that sells at about half the price you were quoted. (Troy at Greenfield was also mentioned in that thread, as it was here earlier.) Here's the info:
Contact Jerry Johnson
1100 East 30th St.
Hutchinson, KS 67502
T3-TOYOTA 4 RUNNER 4X2, 4RUNNER 4X4, CAMRY NON HYBRID, FJ CRUISER 4X4, HIGHLANDER 4X4, SIENNA VAN, SEQUOIA 4X2, SOLARA, TACOMMA 4X4, TUNDRA 2X4, VENZA
6 YEAR 75,000 MILES $484.00,
6 YEAR 100,000 MILES $724.00
6 YEARS 125,000 MILES $994.00
7 YEARS 75,000 MILES $569.00,
7 YEAR 100,000 MILES $864.00
7 YEARS 125,000 MILES $1,144.00
8 YEAR 75,000 MILES $684.00
8 YEARS 100,000 MILES $1,014.00
8 YEAR 125,000 MILES $1,374.00
I worry less about mechanical failure than something going bad electronically, lots of computerized systems in our trucks that can be very expensive to replace. A plan purchased at the right price is peace of mind. (Also, should you sell or trade in before you've used up your coverage, the unused portion of the plan you choose is refundable.)