Saturday, June 3rd
2023 Canadian Car Warranty Reviews
GuardTree
- "A-" rated by the BBB
- Monthly premiums instead of a large one-time payment
- Premiums range from $49.95-$79.95 per month
- Part of the monthly fees offsets your carbon monoxide emissions
- Can use any licensed mechanic
- Deductibles of $100 or $250 per claim
- Claim limits of $2500 or $5000 per repair
- Roadside assistance, car rental, and trip interruption benefits
- Vehicles used in ridesharing eligible for coverage
- Only available in Ontario
Monthly premiums instead of a big one-time payment? Carbon offsets with every payment? You can get all of this and more with GuardTree - as long as you live in Ontario (for now). Started in late 2020, this car warranty provider shows promise and will likely become one of the best options on the market, once it's available throughout more of Canada. You'll want to keep an eye on GuardTree, especially if you use your car for ridesharing or meal delivery.
AutoPair Warranty
- "A+" rated and accredited by the BBB
- 30-day waiting period after purchasing a warranty plan
- Can see any mechanic you choose
- 3 plans to choose from
- No deductibles
- Transparent pricing
- Towing and car rental included on all warranties
- Funds available to pay for repairs as soon as claim is authorized
AutoPair is one of the newest car warranty companies in Canada. They have three plans to choose from, all of which include towing and car rental. You can use any mechanic you like, and you won't pay a deductible on claims. But, because they accept all makes, models and years of vehicles, AutoPair has a 30-day waiting period once your warranty begins. This company shows great potential as they continue offering coverage, but they're not quite up to par with our top-ranked auto warranty providers yet.
More Canadian Car Warranty Reviews
The 6 Best Canadian Car Warranties
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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