Saturday, September 30th
2023 Canadian Car Warranty Reviews
CarShield
- All plans have free towing and rental car options
- Money-back guarantee
- 2 plans to choose from
- No network required
CarShield has offered car warranty plans in the US and Canada for over 15 years. Both of the plans they provide in Canada include towing and rental car reimbursement, but you'll have to speak with a company representative to get a quote specific to your vehicle. While some customers have had good experiences with CarShield, thousands more have not; many people say that this company will do everything possible to deny claims and refuse to cover repairs. There are better options for Canadians who need an auto warranty plan.
Global Warranty
- In business for 30+ years
- Over 2 million customers
- "A+" rated and accredited by the BBB
- Complimentary 3-month trial of SiriusXM on all warranties
- Plans include long- and short-term coverage, tire & rim protection, GAP coverage, and options for RVs
Global Warranty has been around for over 30 years, so you'd think they'd be a name to trust in the Canadian car warranty marketplace. Unfortunately, despite having a solid reputation with the BBB, this company doesn't live up to expectations: customer reviews say that getting claims covered is such a hassle that many of the mechanics in Global's preferred network have stopped accepting their claim work! You'll be better off with a different provider of auto warranties.
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Where is the Best Place to Get a Car Warranty Plan in Canada?
If you're buying a new car, you might be offered an extended warranty plan that kicks in after the factory warranty expires. Or, if you're purchasing a pre-owned vehicle, an extended warranty may be your smartest financial move to help offset the cost of repairs that you know will be necessary sooner or later.
Are they worth the money? Absolutely! We all know the frustration of having something major go wrong right when the manufacturer's coverage expires - or, worse, just a few days after driving that "as-is" car off the used car lot! However, buying your extended warranty directly from the dealer is often not the best option: they charge high mark-ups and might not offer the most comprehensive coverage or the widest network of mechanics to choose from. Fortunately, there are several reputable auto warranty companies in Canada that provide excellent coverage at competitive prices.
Canadian Car Warranty FAQ
Continued from above...
What's included in your extended warranty plan? That depends on the provider and the tier of service you select. Much like car insurance, these plans can cover just the major systems like the powertrain, or comprehensive bumper-to-bumper protection for everything but normal wear and tear. (In other words, they'll fix your in-dash electronics if they go out but they won't pay for your new brakes or tires.)
As you compare the different Canadian companies offering car warranty plans, how can you tell which one should get your business? Here are several factors to help you make your decision:
- Price. What will you pay for your auto warranty coverage? Is it a one-time lump sum or a monthly payment? How long will you pay for it before it kicks in (i.e. if you're buying a new vehicle that has a manufacturer's warranty in place for a year or longer)?
- Coverage. This is the most important aspect of any car warranty. Be sure you understand exactly what's covered and what isn't. Choose a plan that gives you the most coverage for what you can afford.
- Service. What steps are required to get repairs made? Do you have to see an in-network mechanic or can you take your car to the repair shop of your choice? Will you pay for the repairs out-of-pocket and submit receipts for reimbursement, or will the warranty company pay the mechanic directly?
- Reputation. What do other customers say about their experience with the car warranty? Are claims paid quickly and without a hassle? Does the provider have a good reputation with customers and mechanics alike?
TopConsumerReviews.com has reviewed and ranked the best choices for car warranty plans in Canada. We hope this information helps you choose the right plan for your vehicle, giving you the peace of mind that comes from knowing you're covered when something breaks!
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