* Part cost: The price of a new power steering pump can range from $100 to $300 or more, depending on the brand (OEM vs. aftermarket) and where you buy it (auto parts store, online retailer, etc.). OEM parts are generally more expensive.
* Labor cost: This is where the price fluctuates the most. Labor rates vary widely by geographic location and the shop's reputation. You can expect to pay anywhere from $50 to $150 or more for labor. Independent shops are usually cheaper than dealerships.
* Additional repairs: Sometimes, related components might need attention during the repair, such as belts, hoses, or fluid. These will add to the overall cost.
* DIY vs. Professional: If you're mechanically inclined, you could save significantly by doing the replacement yourself. However, factor in the cost of tools if you don't already own them.
Therefore, a reasonable estimate for the total cost of replacing a power steering pump in a 2001 Oldsmobile Alero would range from $200 to $500 or more. To get a precise quote, contact several local mechanics or auto repair shops in your area and provide them with your vehicle's details. Get multiple quotes to compare prices.
