1Source Auto Warranty

Through contacts we have in the industry, we understand that 1Source Auto Warranty is no longer able to pay claims. Based on our knowledge of the industry and mutual business partners, it is our opinion that 1Source’s business model is not a sustainable one.

1Source Auto Warranty is an Internet based company (that means they only sold their product on the Internet and therefore, had a very limited market). Companies that sell only on the Internet can not amass the broad customer base and funds needed to operate a successful extended warranty company and claims paying operation.

Finding a secure, reliable extended warranty company takes a lot of research. We have reviewed all of the top extended warranty providers for the past few years and have found that Warranty Direct provides the most comprehensive coverage and offers the kind of stability necessary to thrive in this industry. Warranty Direct is a solid “brick and mortar” company that has been in business for over 25 years. View our findings on this company below.

Business Information:

Website:	www.warrantydirect.com
Vehicle Types:	Cars, Trucks and SUVs.
Coverage Area:	United States and Canada
In Business Since:	October 1980, On the Internet since January 1994
Administrator:	Interstate National Dealer Services
Insurer:	National Service Contract Ins Co RRG (Financial Stability Rating of A, Exceptional)- link to http://www.demotech.com/pcratingsdata.aspx?nc=10234
Re-insurer:	Hannover Reinsurance (Ireland) Limited (Rated: A)
BBB:	Yes (view report)
Mileage:	Vehicles with up to 75,000 odometer miles are eligible for a variety of coverages which all include wear-and-tear failures. Vehicles with up to 150,000 miles are eligible for comprehensive, major component coverage.

Financial Data:

$165,000,000 in assets
$500,000,000 in claims paid
9,000 claims handled monthly

Customer Service Data:

1 complaint through the BBB for the last 12 months. (view report)

89 WebAssured.com Customer Reviews
A Forbes Magazine “Top 200” Company 3 times
A Newsday “Top 100” Company 7 times.

Rated “Excellent” by A.M. Best.

Warranty Direct is recommended by hundreds of automotive web sites who have selected them as their exclusive warranty partner. With well over 1.5 million plans sold, WarrantyDirect has the experience no others do.

Get your free quote from WarrantyDirect

Related Article: [ What to look for in an Auto Warranty ] [ Extended Auto Warranty ]