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Respected Contributor
Posts: 3,354
Registered: ‎03-16-2010

Re: Has Anyone Used a Car Repair Insurance Company?

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 Funny, I follow a mechanic on facebook and they were just talking about this the other day. They said the car repair insurance companies are generally not good and to definitely not buy 1 that is advertised on TV. Hint, hint. 

The only 1 that they said was somewhat decent is Car Max. I would stay away from these plans. They said no plan is going to pay all of your bill and you just pay the $50 deductible. They said that does not happen. 

On Facebook look up Royalty Auto Service to find the piece on car repair warranty plans. I really like the Royalty people and trust them

Honored Contributor
Posts: 11,398
Registered: ‎02-07-2011

Re: Has Anyone Used a Car Repair Insurance Company?

We would never buy one of those plans.  They never mention the "fine print" i.e, how much are the monthly premiums?  Agree with previous poster, put that money in a savings account and hope you'll never need it.

 

 

Respected Contributor
Posts: 4,410
Registered: ‎03-09-2010

Re: Has Anyone Used a Car Repair Insurance Company?

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Please do tons of research. These companies are notorious for denying expensive repairs. 

I think there are several lawsuits against them and the celebrities in the commercials for misleading information. 

Esteemed Contributor
Posts: 7,666
Registered: ‎03-11-2010

Re: Has Anyone Used a Car Repair Insurance Company?

The Car Shield commercial that says they paid over 1 billion in car repairs isn't true? I wouldn't purchase one of those plans because I'm  skeptical of the coverage. They make it sound too easy and the fine print at the bottom is difficult to read. The company expects that consumers won't look too closely at details and using celebrities to endorse this will make people more willing to buy. 

"The more I learn about people, the more I like my dog."

Mark Twain
Esteemed Contributor
Posts: 5,186
Registered: ‎03-20-2010

Re: Has Anyone Used a Car Repair Insurance Company?

Waste of money- Don't do it!

Respected Contributor
Posts: 3,137
Registered: ‎03-02-2016

Re: Has Anyone Used a Car Repair Insurance Company?

Don't do it. Reading some of the reviews, they make it very hard to pay for car repairs.  Mechanics do not recommend these type of contracts.