Is CardShield Worth it and a Rip-off?

Today, we’re talking about CarShield talking about whether or not CarShield is a rip-off. Better Business Bureau warnings, coverage, and pricing. Let’s take a look at some of the key reasons why. 

First, CarShield tends to have mixed reviews from customers. While some people seem to have a pretty good experience, others have had a bad time using CarShield and are very vocal about it. Additionally, while CarShield’s extended warranties do seem to cover a lot at first glance, the exclusions are extensive and often end up costing consumers a lot of money out of pocket. And unfortunately for consumers, CarShield’s customer service and  claims departments are fairly difficult to reach.

For customers who only want short-term coverage at a fairly affordable price, CarShield may be an okay option, but be sure to read through the entire contract carefully so you know exactly what is and is not covered.  

CarShield offers multiple extended warranty plans to fit most budgets. While vehicle repairs may cost thousands out of pocket, CarShield plans can be as cheap as around a hundred dollars per month. CarShield also offers sample policies on their website so customers can get an idea of what is included before they purchase a plan. Similarly, CarShield’s month-to-month plans can be a great option for drivers who don’t want to commit to a long-term policy. 

However, some people may think CarShield is a rip-off because CarShield has a bit of a history of not paying out claims. There are many consumer complaints reported to the Better Business Bureau about denied claims and poor communication regarding what’s covered. Be sure you understand everything that is covered and not covered by your policy before making a decision.

Ultimately, there are better options than extended warranties, since they tend to cost more in the long run than they actually pay to repair. One great option is to take the money you would spend on an extended warranty and put it into a savings account instead.

That way, if you need to pay for a repair, you can use the money you have stored away. Another great option is to look into mechanical breakdown insurance, also known as MBI. Like an extended warranty, it covers the major systems in your car, but it costs a fraction of the price of an extended warranty. Now that you know more about CarShield and extended warranties in general, you’re ready to start shopping for coverage. I hope you enjoyed this session on everything you need to know about Is CardShield Worth it and a Rip-off? So always be sure to contact a professional before making any financial decisions.