Best for those looking for a higher level of coverage for used and older vehicles, the CarShield Platinum Plan is CarShield’s highest level of inclusionary 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 reviews guide.
When you buy an auto warranty, you are relying on that warranty company to provide you with a hassle-free claims process. This is exactly what you will experience when you purchase CarShield’s Platinum plan. In addition to having a fast, simplified claims process, you can take advantage of affordable pricing, exceptional customer service and a variety of extra perks that are available with all CarShield warranty plans.
CarShield Platinum Coverage
The CarShield Platinum plan provides the highest level of inclusionary coverage offered by the company and is best suited for used cars that are older and/or have higher mileage. This plan provides stated component coverage, meaning the components that are covered are listed explicitly in the service contract.
Meant to address most components on your car that most often wear down over time, this comprehensive plan covers 15 major systems. While all of the parts that make up each of these systems aren’t covered, this plan explicitly lists every item that is covered. This includes the engine, transmission, starter, water and fuel pumps, A/C system, power steering, suspension, brakes, cooling system, electrical systems involved in a vehicle’s performance. While this plan is very thorough, there are a few exclusions regarding coverage for some electrical components.
Preferred by those with pre-owned vehicles, this plan is ideal for drivers who want the most protection for their high mileage vehicles.
Of all CarShields 6 coverage plans, the Platinum plan offers the second highest level of coverage overall. As such the Platinum plan offers more coverage than the Gold Plan and less coverage than the Diamond plan.
While this plan isnt exclusionary and has slightly less coverage than the Diamond plan, both plans are very similar in that they are comprehensive and provide coverage for most systems on your car.
If you are looking for a cost-effective and comprehensive warranty plan, the CarShield Platinum warranty is a smart option to consider. With the Platinum plan, you can enjoy coverage for your vehicle’s powertrain components as well as the air conditioner and the electrical system. The CarShield Platinum plan offers the highest level of inclusionary coverage offered by the provider.
Platinum is designed for higher mileage used cars and meant to address parts that wear down over time.
Coverage: Engine, transmission, drive axle(s), transfer case, electrical system, cooling system, fuel delivery system, fuel injectors, fuel pump, starter, power steering, suspension, air conditioning, brake system, water pump, power windows, instrument cluster, GPS, factory audio, radiator. Specifically, the plan provides coverage for:
A gas or diesel engine
Front and rear drive axles
The water pump
The transfer case on four-wheel drive vehicles
The fuel injector and pump
The fuel delivery system
The steering system
The suspension system
The brake system
Electrical components and systems
The starter and alternator
The instrumentation cluster
The navigation and infotainment system
The power windows
The CarShield Platinum warranty plan offers a variety of coverages that relate to the powertrain and the electrical system. For the powertrain, all of vehicle’s internally lubricated parts are covered, and this includes the parts for diesel and gas engines. Some of the components that are covered by the plan are the transmission, the drive axles, the water pump and more. Other areas of the vehicle that are covered under this warranty plan are the power windows, the electrical system, the navigation system, the climate control system and more. For complete details about coverage inclusions, refer to your warranty agreement.
CarShield Platinum Plan Exclusions:
Parts and repairs that aren’t covered in the CarShield Platinum plan include:
Damage From A Lack Of Maintenance
Repairs Performed Without Prior Authorization
Damage From Vandalism Or Theft
Wear And Tear Parts
What is Inclusionary Coverage?
Inclusionary coverage, also referred to as stated or named component coverage, is a type of plan that covers all of the parts explicitly named in the vehicle service contract. This is different than an exclusionary bumper to bumper plan that covers every part except those that aren’t named. CarShield Platinum, which is one tier below the company’s exclusionary Diamond coverage, is the highest inclusionary plan offered by CarShield, meaning it is the extended warranty that explicitly lists the most parts it does cover.
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. As is true with all warranty services, these perks require prior authorization. They include:
24-hour emergency roadside assistance
Emergency tire service
Fuel delivery service
In addition to these perks, the Platinum Plan is transferrable, comes with a thirty day money back guarantee, and is even available in Spanish for those who are non-English speakers.
CarShield Platinum Plan Warranty Periods
CarShield is known for it’s month to month plans, which is a convenient options that allow owners to pay as they go. Another common option for the CarShield Platinum plan is the 18 month coverage period. The CarShield Platinum warranty plan is available with several options. You can conveniently select from a range of term lengths to meet your specific needs and to suit your budget. To learn more about how affordable the Platinum warranty plan is for a term length that is suitable for your needs, request a free quote from CarShield. CarShield will require your vehicle’s current odometer reading and VIN in order to provide a quote. Authorized and covered services under the Platinum plan are subject to a mandatory waiting period.
All-in-all, CarShield Platinum buyers will generally have to pay a $100 deductible when getting their vehicles serviced. CarShield also offers plans with as low as $0. In most cases, the down payment for CarShield plans come with the first payment. Generally, CarShield’s 18 month and other set period plans have a slightly higher payment than their regular monthly payment plans.
The CarShield Platinum Plan is transferrable to new owners, which can be a bargaining chip in increasing the value of your vehicle if you decide to sell. Additionally, CarShield Platinum comes with a 30 day money back guarantee if you change your mind about your service contract. With month to month plans, you can cancel any time, allowing for a convenient, pay as you go option for CarShield Platinum buyers.
To get the best price, don’t be afraid to negotiate with the provider. Before making a decision on any extended warranty plan, we recommend researching the best extended car warranty plans. Along with the CarShield Platinum Plan, below are some of our top-rated providers:
CarShield Platinum Price [Chart]
As is with any Extended Warranty Plan, factors like the make and model of your vehicle, region you live in, the vehicle’s age and mileage and your driving habits all ultimately determine the overall cost of your vehicle. Below are some examples of CarShield Platinum cost for some common vehicle categories:
2013 Luxury Crossover
2014 Mid-Size Sedan
Although the CarShield Platinum cost can be as high as $130:00, it is extremely common to use regularly offered discounts and promotions to get the CarShield Platinum price down to $100 or less.
Average Auto Repair Costs
Can you afford to repair your car if it develops an issue today? AAA states that many drivers cannot afford to pay the average repair cost of $500 to $600 without going into debt. Unfortunately, many auto repair bills are much higher than this average.
For example, the cost to repair or replace an AC system’s compressor may be as high as $4,000. A transmission repair bill could be between $1,800 to $3,400. A suspension system service could range between $700 to $800. The cost to replace a single axle shaft could be as high as $1,000. Keep in mind that these are only estimates. The actual cost to repair your vehicle may be higher depending on the cost of labor in your area and the cost of your specific model’s replacement parts.
CarShield Platinum Review
Meant for older vehicles that have higher mileage, the CarShield Platinum plan is great for those looking to for a high level of coverage on a used vehicle. For those with used or older vehicles looking to have the peace of mind to know they are covered in the event of an unexpected vehicle repair, this is a great option. This is compounded by CarShield’s monthly plan options, transfer policy, roadside assistance benefits, and availability in Spanish.
In this article, we reviewed and provided a comprehensive guide for the CarShield Platinum Plan, which is CarShield’s highest level of inclusionary coverage and is recommended for used vehicles and vehicles with higher mileage.
You understandably expect your vehicle to provide you with reliable transportation over the years, but all makes and models will be negatively impacted by the effects of wear and aging. The last thing that you want is to be sidelined because of expensive repair bills. After all, auto repair issues often develop quickly, and you may not be in a financial position to comfortably pay hundreds or thousands of dollars in repair bills out of your pocket at any given moment. With the Platinum warranty from CarShield, you can enjoy peace of mind while you cruise around town in the months and years ahead.
The unfortunate reality is that all drivers could experience a mechanical breakdown, an electrical issue and various other types of auto damages. In order to avoid unnecessary financial stress and to ensure that your vehicle can be repaired in a timely manner, you must plan ahead. One of the easiest and most affordable solutions for doing so is to buy a warranty from CarShield. CarShield offers a variety of warranty plans, and the Platinum plan is a comprehensive option that covers many essential components.
CarShield Platinum Coverage Plan: FAQ
Below are some common frequently asked questions about CarShield’s platinum extended warranty plan:
What expenses are not covered under the Platinum Warranty Plan?
Your coverage under the CarShield Platinum warranty plan is contingent on the vehicle being properly maintained throughout the coverage period. Damages related to racing, bad weather, smoking, excessive filth and a variety of other issues will not be covered.
How much does a CarShield ‘s Platinum warranty cost?
The Platinum warranty plan from CarShield is loaded with value, and it is available with several flexible term lengths. You can conveniently compare the Platinum options and any of the other CarShield warranty plans that you are interested in by contacting CarShield directly or by requesting a quote online.
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.
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.
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.
Industry Standing: Our team considers Better Business Bureau (BBB) ratings, availability, and years in business when giving this score.
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.