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Millennium Auto Protection: Reviews, Cost and More

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Best Overall Warranty Provider

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  • Coverage:: 6 plan options, from routine maintenance to full coverage
  • Cost:: Several discounts available
  • Reputation:: Smooth claims experience as a direct provider
Affordable Monthly Payment

4.5

  • Coverage:: 6 plan options, some that last up to 300,000 miles
  • Cost:: Flexible month-to-month contracts
  • Reputation:: Most popular warranty provider
Best Warranty Provider for Used Cars

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  • Coverage:: 6 plan options, the highest similar to a manufacturer’s warranty
  • Cost:: No down payment required
  • Reputation:: Strong BBB (Better Business Bureau) rating

Millennium Auto Protection vehicle service contracts are sold by Innovative Aftermarket Systems (IAS) through participating dealerships across the U.S. In fact, you may have been offered a brochure on the company the last time you shopped for a new vehicle. These brochures make Millennium Auto Protection contracts seem valuable, but are they really worth the money?

While there is not much information about Millennium Auto Protection available online, our research team has investigated these contracts by reading customer reviews and researching cost information. We’ve also looked into the best extended car warranty companies, and we’ll show you how Millennium Auto Protection stacks up against the competition.

If you’re shopping for an extended car warranty, start by comparing free quotes from top providers.

Is a Millennium Auto Protection Extended Warranty Worth It?

IAS was founded in 1984, specializing in aftermarket vehicle care and insurance solutions. The company has offered the Millennium Automotive Protection Plan since 1999. IAS also sells extended car warranty contracts under the names First Centennial, Advance Plus and Auto Advance.

Overall Star Rating5.0 out of 10.0
Reputation5.0 out of 10.0
CoverageSee dealership
PriceSee dealership
Customer Experience5.0 out of 10.0

Is it worth it? We think there are more reputable providers on the market.

Millennium Auto Protection Extended Warranty Coverage

There is little information about Millennium Auto Protection vehicle service contracts (VSCs) online. These contracts are sold exclusively through participating dealerships, and coverage details will likely vary depending on your location.

Typical vehicle service contracts promise to pay for the cost of parts and labor for a selection of covered components in the event of a mechanical breakdown.

According to IAS, Millennium Auto Protection VSCs offer customization and flexibility. They are “designed for franchise dealers expecting maximum VSC retail profit, reinsurance profits, and unconditional customer satisfaction.” Let’s take a closer look at how much you may pay for Millennium Auto Protection.

Cost of a Millenium Auto Protection Extended Warranty

The cost of a Millenium Auto Protection vehicle service contract will be set by your selling dealership, so it may be subject to dealer markups. Contract costs also fluctuate based on:

  • Location
  • Coverage level
  • Contract length
  • Deductible
  • Vehicle make, model, age and mileage

We were able to find a customer who reported paying $2,271 to cover a 2018 Hyundai Elantra. We cannot fully assess this price without more details such as coverage level or contract term length. However, this price falls within industry standards for most extended warranties, which typically range from $1,700 to $4,000 depending on the factors mentioned above.

How to Get a Quote and File a Claim

IAS does not make contract details readily available, as they most likely differ from dealership to dealership. By reading customer reviews, we are able to gather that contracts are transferable for a $50 fee. Typically, extended service plans work as follows:

  1. You purchase a plan at a dealership, online or over the phone.
  2. When your vehicle breaks down, you take it to a licensed repair facility or dealership.
  3. A mechanic performs a diagnostic and finds the cause of your breakdown.
  4. You or your mechanic contacts your extended warranty provider to confirm whether the breakdown is covered, find out if your claim is approved and authorize repairs.
  5. If your claim is approved and repairs are authorized, the mechanic will fix your vehicle.
  6. You’ll pay your deductible and the warranty provider will handle the rest of the repair bill, or you’ll pay the full repair bill and your provider will reimburse you.

One important detail noted by many customers is that Millennium Auto Protection warranties work on a reimbursement basis. Most reputable extended car warranty companies pay repair facilities directly for approved claims. It seems that IAS requires customers to pay for repair costs themselves, then issues a reimbursement.

Millennium Auto Protection Extended Warranty Reviews

Innovative Aftermarket Systems, which issues Millennium Auto Protection contracts, is accredited by the Better Business Bureau (BBB), has a B+ rating and has received about 80 complaints in the past three years.

It also has just under a 2.5-star customer rating on its BBB profile. A mix of positive and negative reviews is typical for any auto warranty company. In the case of IAS, some customers have reported a fast and easy claims assistance process, but others have complained about claims denial and poor coverage.

Our Verdict on Millennium Auto Protection: 5.0 / 10.0

There is not much information about Millennium Auto Protection available online. This does not mean that these contracts are poor, but rather that quality may vary from dealership to dealership.

It could be worth considering a Millennium Auto Protection contract if your dealership offers it, but if you read your contract and find that you’ll be reimbursed for repairs instead of IAS paying the repair facility directly, we recommend considering a different provider.

Our Picks for Best Extended Car Warranties

Not all extended auto warranty providers sell plans exclusively through dealerships. Many aftermarket car warranty companies have better-established reputations and superior customer reviews over Millennium Auto Protection. Two providers that we recommend readers look into are CARCHEX and CarShield.

CARCHEX: Best for High-Mileage Cars

CARCHEX warranty contracts are available with terms up to 10 years or 250,000 miles. The company has some of the best-priced coverage for older vehicles.

Our review team reached out for quotes for CARCHEX’s Titanium plan, which offers similar coverage to a factory bumper-to-bumper warranty. For a 2018 Toyota RAV4 with 30,000 miles, we were offered the following terms:

  • Term length: 7 years/125,000 miles
  • Financing: $190.00 for 18 months
  • Down payment: $342.00
  • Deductible: $100.00
  • Total cost: $3,420.00

CARCHEX reviews indicate that the company has a reliable history of paying customer claims. The business is accredited and holds an A+ rating from the BBB.

Reach out for your own free, personalized CARCHEX quote below.

CarShield: Most Affordable

CarShield offers some of the lowest-cost options among top extended warranty providers. We asked CarShield for a quote for its highest level of coverage, called the Diamond plan, for a 2018 Toyota RAV4 with 30,000 miles and were offered the following terms:

  • Term length: 5 years/100,000 miles
  • Financing: $88.78 for 18 months
  • Down payment: $295.00
  • Deductible: $100.00
  • Total cost: $1,893.04

Read our full CarShield review for more details on this provider, and see how much a CarShield warranty would cost you by requesting a custom quote below.

Featured Extended Warranty Companies

We reviewed the best extended auto warranty providers, and here are our top picks.

Best Overall Warranty Provider

4.6

  • Coverage:: 6 plan options, from routine maintenance to full coverage
  • Cost:: Several discounts available
  • Reputation:: Smooth claims experience as a direct provider
Affordable Monthly Payment

4.5

  • Coverage:: 6 plan options, some that last up to 300,000 miles
  • Cost:: Flexible month-to-month contracts
  • Reputation:: Most popular warranty provider
Best Warranty Provider for Used Cars

4.4

  • Coverage:: 6 plan options, the highest similar to a manufacturer’s warranty
  • Cost:: No down payment required
  • Reputation:: Strong BBB (Better Business Bureau) rating

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  1. I have a Millennium Auto Prot plan that includes a $100 “disappearing” ….

    The service manager did not know what this meant and the finance folks at the dealership said that $100 is the current deductible even though this is the third claim in 4 years of a 5 year coverage.

    Does anyone know what a disappearing deductible is? No website so I will call …

    OBTW – I paid $2840 for 60mth/100k mile coverage on a 2017 GMC Acadia SLE when purchased as a lease return in 2019.