CoverageOne
- Company typePrivate
- Founded2001
- HeadquartersCharlotte, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
CoverageOne firmographics
Firmographics- Name
- CoverageOne
- Legal name
- CoverageOne
- Website
- https://coverageone.ca
- Company type
- Private
- Founded year
- 2001
- Operating status
- Closed
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Where CoverageOne is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Markets served
CoverageOne business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Marketing or Sales, Personnel, Others
CoverageOne product offering
Product offeringCore offering
CoverageOne was a vehicle protection plan brand offered by Ally Financial Inc. through authorized dealers across Canada and the US. The plans covered major mechanical component failures (engine, transmission, braking, suspension), routine maintenance, GAP coverage for total losses, tire and wheel damage, and appearance/corrosion protection. New CoverageOne plans are no longer offered; Ally Canada continues to service existing plans for current holders.
Product overview
CoverageOne was a sub-brand of vehicle protection plans under Ally Protection. The CoverageOne Protection Plan was a vehicle service contract product that offered protection for vehicle breakdowns and repairs. CoverageOne is no longer offered for new purchases; however, existing CoverageOne plan holders can still receive support for their current coverage. The broader Ally Protection suite (which absorbed CoverageOne's product category) currently includes Ally Premier Protection, Maintenance Plans, Guaranteed Auto Protection (GAP), Tire Protection Plans, and Appearance and Corrosion Protection. For existing CoverageOne customers, support is available at 1-866-988-1642.
Differentiator
Problem solved
Functional benefit
Products and services
- CoverageOne Protection Plan A discontinued vehicle protection plan that covered major mechanical breakdowns (engine, transmission, braking system, suspension) for cars, light-duty trucks, SUVs, and crossovers. Existing plan holders continue to receive support and coverage for their vehicles.
Companies that use CoverageOne
Customer profileSegments1 record
Ideal customer profiles1 record
CoverageOne technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CoverageOne partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights3 records
CoverageOne competitors and assessment
Company assessmentDirect peers
- Easycare (Easycare Warranty Services): Provider of vehicle service contracts and ancillary F&I products distributed through dealer networks across North America, with mechanical, GAP, and tire/wheel offerings directly comparable to CoverageOne plans.
- Endurance Warranty: Major direct-to-consumer extended auto warranty provider offering mechanical, GAP, tire, and maintenance plans with product structure directly comparable to CoverageOne Protection Plan.
- CarShield: Direct-to-consumer vehicle service contract provider covering major mechanical breakdowns; competes for the same end-customer wallet as CoverageOne, albeit through a direct-to-consumer channel rather than dealer F&I.
- Assurant Dealer Services: One of the largest third-party vehicle service contract administrators in North America, distributing F&I products through dealer networks with comparable mechanical, GAP, and ancillary coverage to CoverageOne.
Broad incumbents
- GM Extended Vehicle Protection (GMPP): OEM-captive vehicle protection plan from General Motors distributed through GM dealers; directly comparable product offering and dealer-channel distribution as CoverageOne.
- Zurich Vehicle Protection: Global insurer that administers vehicle service contract programs for auto manufacturers and dealers; offers comparable mechanical and ancillary protection products through captive and dealer channels.
- Toyota Extra Care (Toyota Financial Services): OEM-affiliated vehicle service agreement distributed through Toyota and Lexus dealers; same product category and dealer-channel model as CoverageOne.
- Ally Premier Protection: Ally's current flagship vehicle protection suite that directly absorbed CoverageOne's product category. Identical product mix (mechanical, GAP, tire, appearance) sold through the same authorized dealer channel as CoverageOne.
- Mopar Vehicle Protection (Stellantis): OEM-captive extended warranty and protection plans for Chrysler, Dodge, Jeep, Ram, and Fiat vehicles; same product category sold through dealer channel.
- Ford Protect (Ford Motor Company): OEM-captive extended service plan from Ford covering new and used vehicles; same product category and dealer-embedded distribution model as CoverageOne.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
CoverageOne financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoverageOne leadership team
Management profileNumber of profiles
Profiles1 record
CoverageOne funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoverageOne M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoverageOne
What does CoverageOne do?
CoverageOne was a vehicle protection plan brand offered by Ally Financial Inc. through authorized dealers across Canada and the US. The plans covered major mechanical component failures (engine, transmission, braking, suspension), routine maintenance, GAP coverage for total losses, tire and wheel damage, and appearance/corrosion protection. New CoverageOne plans are no longer offered; Ally Canada continues to service existing plans for current holders.
Is CoverageOne a public or private company?
CoverageOne is a private company. It is classified as public and is currently closed.
When was CoverageOne founded?
CoverageOne was founded in 2001. It employs 51 to 100 people.
Where is CoverageOne based?
CoverageOne is headquartered in Charlotte, United States, in the North America region.
Who are CoverageOne's main competitors?
Direct peers on record are Easycare (Easycare Warranty Services), Endurance Warranty, CarShield and Assurant Dealer Services. Broad incumbents are GM Extended Vehicle Protection (GMPP), Zurich Vehicle Protection, Toyota Extra Care (Toyota Financial Services), Ally Premier Protection, Mopar Vehicle Protection (Stellantis) and Ford Protect (Ford Motor Company).
Does CoverageOne have an API?
No public API is recorded for CoverageOne.