Why does CarShield have so many complaints?

The BBB website lists more than 1,500 complaints against Carshield and gives the company an 'F' rating. "The reason that they have an 'F' grade is because of advertising issues, and also because they failed to address the underlying pattern," said Chris Thetford, a spokesman with the Better Business Bureau.

Can CarShield be trusted?

CarShield is a legitimate company that has been providing vehicle service contracts for over 16 years and has earned a 4/5 rating from the consumer review on WalletHub, yet it has a history of complaints reported to the Better Business Bureau.

Does CarShield have a lawsuit against them?

Yes, CarShield is in a class action lawsuit. The main ongoing class action lawsuit they are involved in began in May 2017 and was filed due to mail advertisements that are accused of being misleading and in violation of the Driver's Privacy Protection Act of 1994.

Does CarShield pay their claims?

Yes, CarShield really pays for covered repairs to your vehicle, as long as you have an active CarShield vehicle service contract.

How many lawsuits are against CarShield?

The BBB website lists more than 1,500 complaints against Carshield and gives the company an 'F' rating.

How CarShield Rejects Claims For Car Repairs

What is better than CarShield?

#1 CARCHEX: Best For Used Cars. #2 Endurance: Best Coverage. #3 autopom!: Best Claims Process. #4 CarShield: Best Value.

Who is the parent company of CarShield?

Mepco. Mepco was founded in 1964 and has grown to national prominence by providing dependable, personalized service to its customers and administrators.

Can you cancel CarShield?

How do I stop my coverage? If for any reason you need to change or discontinue your plan, please call Customer Service at 1-800-587-4162.

Why are extended warranties bad?

While it may sound like a good idea in theory, extended warranties often come with a high price tag and don't necessarily cover everything that could go wrong. Plus, many people who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return.

Does CarShield cover timing belts?

THESE PARTS ARE COVERED This CONTRACT covers ONLY the components/parts listed below: 1. ENGINE (Gas or Diesel): All internally lubricated parts within the Engine, including engine mounts, timing belt, timing gears, cylinder head intake and exhaust valves, valve springs, valve guides, valve seats and oil pump.

What is the maximum mileage CarShield will cover?

Does CarShield have a mileage limit? CarShield can cover vehicles for up to 300,000 miles. This is more than many other third-party providers, and it makes CarShield a good option for cars with over 100K miles.

Does CarShield cover electrical problems?

This vehicle service contract is great for covering most electrical and computer related problems including Engine Control Module, Starter, Alternator, Navigation/GPS, Electrical System & more.

How much is CarShield a year?

Since most plans range between $80 and $130 per month and the typical deductible cost $100, our researchers have estimated that the annual cost of CarShield ranges from $960 to over $2000/year.

Is CarShield a private company?

Louis: No. 121 CarShield. CarShield, which sells extended auto repair service contracts, started more aggressively targeting customers through various marketing channels and grew revenue in 2016 to $146 million, up about 9 percent from 2015.

When did CarShield go into business?

Founded in 2005, CarShield has been a key player in the insurance industry with generated revenue ranging between $100M - 500M. Under the leadership of Nicholas Hamilton, CarShield's 2016 total revenue was $140.8M. The company's team comprising of 329 employees are deeply passionate about their work.

What does Dave Ramsey say about extended warranties?

“The fact is, extended warranties are overpriced. That's the reason people sell them, because they make a bundle on them in commissions,” says a money expert and radio talk show host, Dave Ramsey. “I don't recommend buying extended warranties, ever.

Does CarShield cover pre existing conditions?

Adverse Selection. Since pre-existing conditions are not covered under a vehicle protection plan (a.k.a. “Extended Car Warranty”), submitting claims with full knowledge that they exist is committing fraud.

Will CarShield replace a engine?

CarShield pays for repairs to the mechanical parts of your vehicle. Most CarShield protection plans will cover engines, transmissions, drive axles, water pumps, and transfer cases (a metal casing that delivers power in four-wheel-drive).

Why is CarShield not sold in California?

VSCs may be sold legally to Californians only when specific criteria are met, which Delta and Seruya failed to do. Every VSC must be filed with CDI before it can be sold. Companies responsible for paying the claims on VSCs must be licensed by CDI, unless the company is a vehicle manufacturer, distributor or dealer.

Does CarShield cover ball joints?

Car Shield

Notes: This policy covers the powertrain of your vehicle only, and doesn't include front suspension coverage, which means no ball joint coverage.

Does CarShield cover blown head gasket?

Notes: Only Carshield's highest cost, lowest mile policy covers the head gasket. However, Carshield sells the policies of American Auto Shield. We recommend you take some time to look into American Auto Shield before choosing a policy with Carshield so you'll be prepared to call them.