Is AutoAssure a Scam?
AutoAssure is a vehicle service contract company previously based in Scottsdale, Arizona. In 2019, the Minnesota Attorney General reached a settlement with AutoAssure requiring the company to pay $400,000 in consumer restitution and to stop selling vehicle service contracts in Minnesota for four years. The AG's office alleged deceptive sales practices, including misrepresentations about coverage scope and pricing. AutoAssure marketed plans through direct mail and telephone outbound campaigns. Consumers should verify current licensing status in their state before purchasing any contract and obtain all terms in writing before making a payment.
Government & Regulatory Actions
- Minnesota Attorney General settlement 2019: AutoAssure agreed to a 4-year ban on selling vehicle service contracts in Minnesota and to pay $400,000 in restitution to Minnesota consumers. The AG alleged deceptive sales practices.
What the Evidence Shows
AutoAssure has documented regulatory action from a government agency.
Related
Frequently Asked Questions
Was AutoAssure banned?
In 2019, AutoAssure agreed to a 4-year ban on selling vehicle service contracts in Minnesota as part of a settlement with the Minnesota Attorney General. The settlement also required $400,000 in consumer restitution.
How do I verify if an auto warranty company is legitimate?
Check your state department of insurance for licensing. Look up the company on the BBB. Verify the administrator and underwriter are identified in writing. Legitimate companies provide a sample contract before payment.