Crash Course:
- The Platinum plan is CarShield’s second-highest coverage level and offers protection for the most vehicle components.
- CarShield’s Platinum plan is ideal for used cars with a lot of miles on the odometer.
- The Platinum plan also comes with benefits like 24/7 roadside assistance, trip interruption coverage, and rental car/alternative transportation coverage.
The Platinum plan is CarShield’s highest level of inclusionary or stated coverage, and the second-highest overall level of coverage.
In this CarShield Platinum Review, we’ll provide an overview of the Platinum plan, along with the finer details of the package’s cost and coverage. For an overview of all of CarShield’s plans and a complete review of the provider, check out our CarShield review.
CarShield Platinum Plan
The CarShield Platinum plan is inclusionary, also called “stated component,” meaning the covered items are stated in your contract. These types of plans are less comprehensive than exclusionary contracts, that only list out the items that aren’t covered.
The Platinum plan is CarShield’s highest level of stated component or inclusionary coverage. It could work well for owners of used or high-mileage cars who want protection for a lot of parts without paying for the highest level of coverage available.
CarShield Platinum Coverage
The Platinum plan is meant to protect the parts of your car that most often wear down over time, and it covers many components within 15 major systems. Systems with covered components include:
- Engine
- Transmission
- Cooling system
- Transfer Unit
- Drive Axle
- Electrical
- Steering
- A/C
- Suspension
- Brakes
- High tech
- Fuel system
- Turbocharger
- Audio Center
- Emissions
For complete details about coverage inclusions, refer to your warranty agreement or the sample contract on CarShield’s website.
CarShield Platinum Plan Exclusions:
Parts and repairs that aren’t covered in the CarShield Platinum plan include:
- Wiring harness
- Damage from a lack of maintenance
- Pre-existing conditions
- Environmental damage
- Vehicle modifications
- Damage from vandalism or theft
- Vehicle misuse
- Odometer tampering
- Wear and tear parts
CarShield Platinum Plan Benefits
As is the case with all CarShield warranty plans, the Platinum plan also has several money-saving perks that you could take advantage of in the event of a mechanical or electrical issue. These benefits include:
- Lockout service
- 24-hour emergency roadside assistance
- Emergency tire service
- Fuel delivery service
- Battery service
- Towing service
- Winching service
The CarShield Platinum plan is transferrable to a new vehicle owner for a $50 fee. You can also cancel coverage for a full refund if you’re within 30 days of the beginning of coverage and haven’t made any claims, or for a prorated refund after 30 days or with a claim.
CarShield Platinum Coverage Cost
We found that the average cost of CarShield plans is about $153 per month ($127 per month after negotiations). Its average per year across all plan types is $1,491.31, which is higher than the industry average of $1,053.83. Keep in mind that you’re paying for the convenience of a month-to-month plan with CarShield, and your final cost will vary based on the following factors.
- Vehicle make, model, mileage, and age
- Chosen deductible
- Chosen coverage level
CarShield offers deductible options ranging between $0 and $250. The higher your deductible, the lower your monthly payment – but the more you’ll have to pay out of pocket if you need repairs.
The best way to determine how much a CarShield Platinum plan will cost is by reaching out to the company for a free quote. And to get the best price, don’t be afraid to negotiate with the provider. Before making a decision, we recommend researching the best extended car warranty plans.
CarShield Platinum Review
It’s smart to research customer service ratings and industry reputations before committing to any provider.
While CarShield got an impressive 4.4 out of 5.0 for its customer service in our industry view, it only scored a 3.7 out of 5.0 for its industry standing. This low rating is due to the fact that in July 2024, CarShield had to pay $10 million to the Federal Trade Commission (FTC) in order to settle allegations of deceptive, misleading marketing and poor service.
The CarShield Platinum plan might still be a good option for you if its cost and coverage fit within your goals, but we recommend doing your research about these allegations prior to purchasing a contract.
CarShield Platinum Warranty: Conclusion
Meant for older vehicles that have higher mileage, the CarShield Platinum plan could be a good option for those looking for a high level of coverage on a used vehicle. This is compounded by CarShield’s monthly plan options, transfer policy, roadside assistance benefits.
However, because CarShield was involved in recent FTC allegations of deceptive practices and poor coverage, we recommend researching all your options before going with this provider.
CarShield Platinum Coverage Plan: FAQ
Below are some common frequently asked questions about CarShield’s platinum extended warranty plan:
Our expert review team takes satisfaction in providing accurate and unbiased information. We identified the following rating categories based on consumer survey data and conducted extensive research to formulate rankings of the best extended auto warranty providers.
- Industry Standing: Our team considers Better Business Bureau (BBB) ratings, availability, and years in business when giving this score.
- Coverage: Because each consumer has unique needs, it’s essential that a car warranty company offers an array of coverage options. We take into account the number of plans offered by each provider, term limits, exclusions, and additional benefits.
- Affordability: A variety of factors influence cost, so it can be difficult to compare quotes between providers. Our team performs ongoing secret shopper analyses for different vehicles, mileages, warranty plans, and locations to give this rating.
- Customer Service: Reputable extended car warranty companies operate with a certain degree of care for consumers. We take into account customer reviews, BBB complaints, and the responsiveness of the customer service team.
*Data accurate at time of publication.
