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What is the BBB rating of Toco Warranty Co?

Kelly Avatar By: Kelly | Last updated June 12, 2021

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Companies nowadays have to prove their worth on the market, regardless of the business in which they are involved. Competition is fierce in every field and customer opinion has become very powerful. Customer reviews can literally make and break companies.

One of the first things you do when in the market for a specific product or service is read as many customer reviews as possible about the company offering the said product/service.

What is the Better Business Bureau?

The Better Business Bureau, in short, BBB, is a non-profit organization that operates in the United States and Canada since 1912. The mission of the organization is to offer information about various businesses and to give them ratings based on their business practices, professional ethics, time in business, type of business and other criteria. The BBB also lets customers express their complaints about those companies, thus helping consumers in their screening process.

The BBB offers ratings from A+ to F, with the A+ being the highest rating and F the lowest. There are approximately 400,000 business that are accredited by the Better Business Bureau and Toco Warranty Corp is one of them.

What is Toco Warranty?

Toco Warranty Corp is a company that sells vehicle service contracts (VSC) and mechanical breakdown insurance (MBI). The company operates in almost the entire country, except for a few states. Toco Warranty offers vehicle service contracts in most states, except for California, Alaska and New Jersey, where it offers MBI.

What is the BBB rating of Toco Warranty?

Toco Warranty has an A+ rating from the Better Business Bureau, which is the highest possible rating. The Toco Warranty BBB file opened in 2013 and Toco has become a BBB Accredited Business in 2014. The company currently has over 6 year in the industry of auto warranties. Toco has managed to obtain more than 4 stars and a half out of 5 stars, from a total of 125 customer reviews, which is a very impressive score.

As stated on their website, the Better Business Bureau ratings reflect “BBB’s opinion about the entire organization’s interactions with its customers, including interactions with local locations”.

What are the benefits of Toco?

Toco Warranty offers 4 main plans to choose from, depending on the price you want to pay, the number of parts covered and the age/mileage of your vehicle. Their plans are Blue, Green, Yellow and Orange. The Blue plan is the most basic one and it is best for older cars with a higher mileage. This plan covers vehicles that are from 1999 or newer and have up to 175,000 miles on the meter. The car parts covered by this plan are: engine, transmission, drive axle, transfer case, turbo/supercharger, cooling system, electrical, air conditioning, fuel system.

The Orange plan is the most comprehensive and expensive one, as it covers almost your entire vehicle (the engine, transmission, drive axle, transfer case, turbo/supercharger, air conditioning, cooling system, electrical, fuel system, brakes, steering, suspension, electronic high tech, technology features and modern features). However, it only accepts vehicles that are from 2015 or newer and have only up to 60,000 miles.

Toco doesn’t charge a down payment, but it does charge a $100 deductible. Toco includes some standard benefits with all its plans:

  • Affordable monthly payments
  • Nationwide coverage; you can take your car to any licensed repair shop in the country
  • 24-hour roadside assistance
  • Trip interruption coverage
  • Rental car benefit
  • Hotel discounts