The idea of extended car warranty companies is nothing new. However, many people have become familiar with the CarShield warranty over the last several years. The problem is that there are several reports of it being a bit of a scam. While this isn’t really the case, CarShield is a company drivers need to think twice about. However, it is concerning that some customers have struggled to even find the the CarShield phone number.
What is the CarShield Warranty
There are several car warranty companies on the market, but CarShield happens to be one of the most infamous. Founded in 2005, the company has gained ground because of its numerous celebrity endorsements. Like all extended car warranty companies, CarShield promises to pick up the cost for major repairs covered under its plans.
According to USA Today, CarShield’s plans can cost between $110 and $140 for a month of coverage. The company also has deductibles that can range from $0 to $200. This price puts the CarShield warranty in line with other options when it comes to pricing. Many car owners like the company because they can pick between month-to-month plans and long-term contracts.
Drawbacks to car warranty companies like these
There are many reasons why some people believe the CarShield warranty is a scam. Perhaps the biggest is that, like most car warranty companies, CarShield seems to try and get out of paying for repairs. The problem is that, based on the reviews, this happens much more often with this company than with others. In fact, some customers have even struggled to find the CarShield phone number when they encounter a problem.
In particular, there are several reports of the company stating that the vehicle’s issue happened due to rough driving or that it’s not a critical enough issue. People also know CarShield for denying repairs by telling customers the issue was preexisting, even if it wasn’t. Additionally, the company has been known to promise reimbursements for towing but would later deny it.
Things have gone so far downhill with the CarShield warranty that California has banned it from providing service in the state. This is because California has strict laws for extended car warranty companies, and CarShield can’t meet those guidelines.
So, is CarShield a scam? By definition, no. In fact, MarketWatch even gave it an 8.9 out of 10 rating. However, like most extended car warranty companies, there’s no guarantee that CarShield will pay for the repairs. In fact, several mechanic shops around the country refuse to work with CarShield for this reason. Perhaps the issue isn’t the company itself. Instead, we need to look at what third-party warranty companies can get away with.
