Market Research Report: American Guardian Warranty Services, Inc. (AGWS)
Company Overview
Name
American Guardian Warranty Services, Inc. (AGWS)
Mission
To lead the industry in innovation, flexibility, and integrity while providing exceptional service and innovative F&I solutions that meet the diverse needs of today’s market.
Founded
1998
Founders
No information is available.
Key People
No information is available.
Headquarters
Warrenville, Illinois, near Chicago, United States.
Number of Employees
Over 150 employees.
Revenue
No information is available.
Core Competency
AGWS is recognized for providing high-quality administration of vehicle extended service contracts and related F&I products, primarily focused on cultivating long-term relationships with dealers, agents, and customers.
Industry Reputation
- Part of the American Guardian Group of Companies.
- Holds an A+ rating from the Better Business Bureau.
- Contracts insured by carriers rated “A” and “A-” (Excellent).
Products
General Overview
AGWS offers an extensive range of Financial & Insurance (F&I) products and services across several sectors, including automotive, recreational vehicles, marine, powersports, and heavy-duty truck & bus industries. The products include service contracts, vehicle protection plans, limited warranties, and environmental and aftermarket products.
Automotive Products
- Types of Coverage: Multi-tiered systems offering exclusionary and stated component coverage.
- Key Offerings: Compass Vehicle Service Contracts, Compass GAP, Appearance Protection, Theft Protection, Remarketing Solutions.
Recreational Vehicles (RVs) Products
- Types of Coverage: Service contracts for various motorhomes and towables.
- Key Offerings: AGWS RV Motorhome, AGWS RV Towable, AGWS Roadside Assistance, Appearance Protection.
Marine Products
- Types of Coverage: Coverage for inboard, outboard, ski boats, and cruisers.
- Key Offerings: Inboard/Stern Drive, Outboard/Direct Injected coverage, Appearance Protection.
Powersports Products
- Types of Coverage: Coverage for new and used on-road and off-road motorcycles, ATVs, snowmobiles, and more.
- Key Offerings: Compass Powersports Service Contracts, Appearance Protection.
Heavy Duty Truck & Bus Products
- Types of Coverage: Designed for trucks and buses to ensure high efficiency and reliability.
- Key Offerings: Compass Heavy Duty Truck & Bus Protection, Medium Duty Truck Protection.
Recent Developments
New Products and Features
- In January 2023, Reynolds and Reynolds Company acquired AGWS, reinforcing AGWS’s market presence and capabilities in offering premier F&I products and services.
Technological Advancements
- In December 2024, AGWS introduced a brand-new automated claim approval tool at the NADA Show 2025 to streamline the claims process, offering a much faster way to file and track claims.
Partnerships
- AGWS has partnered with over 4,000 dealers across the USA and Canada, further entrenching its market reach through these extensive collaborative efforts.
Future Prospects
- AGWS consistently enhances its offerings through innovative service contracts and coverage plans across its various sectors, maintaining its emphasis on superior claims processing and customer satisfaction.
_No further specific details on new partnerships outside of the acquisition by Reynolds and Reynolds and the tool launch are available._