Compare Home Warranty LINK
The trick to making a home warranty work for you is sorting through the details and finding the right policy to meet your needs. Not only are there numerous providers, but each company offers several policies, tier levels and a host of add-on coverages.
compare home warranty
Three comprehensive plans are available with your choice of service fees ranging from $75 to $125 . Pricing estimates below include the highest service fee level available for single-family or manufactured homes and condominiums.
You can choose quarterly or annual contract terms and use your own contractor if you wish, and manufactured home and condominium coverages are also available at similar prices. American Residential Warranty is available in 46 states.
Three coverage options are available with one $60 to $75 service fee that applies to all plans and depends on which state you live in. They work with a large network of qualified technicians all around the country, but their service only includes 46 states. New York, Nevada, Washington and Wisconsin homeowners are out of luck.
Covered items can include any number of home systems, appliances or add-on items. However, providers most commonly offer packages that generally include the usual home systems, appliances or both, plus additional a la carte items.
Home insurance involves the consumer paying a monthly premium and a deductible each time a claim against the policy is made. A home warranty works in the same way except that the premium is simply the annual or monthly cost of the contract, and the deductible is called a service fee. Service fees for home warranties usually cost less compared to standard insurance deductibles.
The federal government regulates home warranties. However, there is no set format for home warranties, meaning providers can include or exclude items in contracts as they see fit. They can also include or restrict regionally-based add-on item coverages. Regulation enforcement is conducted through various state-level entities.
The typical cost of a home warranty is around $50 per month or $600 to $900 annually, plus service fees for claims made against the policy. The average total cost of a plan is about $900 per year, including a normal amount of service fees. For minimal coverage, the cost can be as low as $250 per year and reach $1,700 per year for substantial coverage, including add-ons.
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When rating for property types covered, we examined coverage availability for homes such as mobile or manufactured houses, condos and rental properties in addition to typical single-family home coverage.
One way to find the right home warranty company in your state is to check consumer reviews and the Better Business Bureau website. Read some reviews, including the negative ones, and how the company handles complaints. Perhaps the best way to find your company is to ask friends and relatives about their experiences with individual companies.
The best home warranty company for you will meet your coverage needs, stay within your budget and will ideally have a quick response time to claims. Consider the following when choosing the right coverage for you:
Our choice for the best home warranty company this year is AFC Home Club, including their coverages for systems and appliances. The best provider for refrigerator coverage will depend on the age and manufacturer of your appliance. Choose a company that provides coverage for your model and a limit amount that covers its replacement cost if necessary.
Home warranties are offered for sale as one-year or multiple-year contracts. If your warranty expires before you obtain a new contract, your coverage will be discontinued until the new contract is in effect.
Liberty Home Guard is the best customer-rated home warranty provider on this list, in part due to its A- rating* with the Better Business Bureau (BBB) and its 4.7 out of 5-star rating on Google Reviews. Our team spoke with multiple customer representatives to consider how well LHG handles customer inquiries. Based on our experiences, we believe it holds up to its stellar ratings, with each representative answering the phone quickly and answering all our questions thoroughly.
Cinch Home Services brings a lot to the table, including its lengthy 180-day workmanship guarantee, which is significantly longer than the industry standard of 30 days. It also offers a unique $500 home insurance deductible reimbursement that comes with the Complete Home Plan. We recommend this provider to homeowners who want to get the most out of their plan with a lengthy reservicing guarantee.
Not only does 2-10 Home Buyers Warranty offer an affordable appliance plan, but its customizable service call fee, competitive add-on options, comprehensive policies, and easy-to-understand coverage caps make it a worthwhile consideration for any homeowner.
The Home Service Club lost points due to charging a $55 transfer fee plus a lack of a free cancellation period. Most providers offer a free cancellation period and a no-fee transfer of ownership policy. That said, HSC offers comprehensive home systems and appliance coverage with more than 40 home items, plus a 90-day workmanship guarantee for parts and 30 days for labor.
ARW Home provides five protection plans for your home systems and appliances: Kitchen Plus, Heating and Cooling, Platinum, Platinum Premier, and 4-in-1 Bundle plans. Its Kitchen Plus plan covers standard kitchen appliances, such as refrigerators. The Heating and Cooling plan protects humidifiers, heating, cooling, and electrical systems. The Platinum plan bundles the plans mentioned above, and the Platinum Premier plan adds plumbing systems coverage and more to the mix. Its 4-in-1 Bundle includes all the coverage options above plus optional add-on packages, such as its Ultimate Electronics Protection plan.
Each state regulates home warranty and service contract licensure independently. For example, in Texas, the Department of Licensing and Regulation handles service contracts, whereas in Arizona, home warranties are regulated by the Consumer Protection Division of the Department of Insurance. According to Meenan, some states, such as Pennsylvania, have a more hands-off approach, whereas states such as Florida and California can be more difficult for new providers to get licensed.
Many states do have similar rules based on the Service Contract Model Act that the SCIC and the National Association of Insurance Commissioners (NAIC) promoted to state legislatures. Since 1988, the SCIC has worked to promote industry regulation nationwide. Regulation provides assurance that you can trust that your home warranty provider is financially sound and can follow through on its promises. State regulations also ensure various consumer protections, such as these measures:
The This Old House Reviews Team backs up our home warranty ratings and recommendations with a detailed rating methodology to objectively score each provider. We conduct research by speaking with company representatives, requesting quotes, analyzing sample contracts from each company, and conducting focus groups and consumer surveys. We then score each provider against our review standards for coverage, value, trustworthiness and transparency, availability, and customer service to arrive at a final score out of 100.
Note: Once a new home warranty contract is in place, most companies have a waiting period. The waiting period is the amount of time that must pass before a customer can file a claim for service. The companies in our rating all have a 30-day waiting period.
Coverage caps, customer service, workmanship guarantee, and response time are other things to consider. Is customer service easy to reach if you have questions regarding your contract, a repair, or for any other reason?According to the Office of the Attorney General for the District of Columbia, you should watch out for coverage caps. The example it gives is if you have a boiler that would cost $12,000 to replace, but the warranty has a $1,600 cap.
Not all home warranty companies provide service in all states, so your first task when shopping for a home warranty is to find the options that are available in your area. Use the map below to determine which of our Best Home Warranty Companies of 2023 sell home warranty contracts in your state.
Once the technician inspects the broken item they may contact the home warranty company to verify that your contract covers the repair. If it is covered, then the service fee may be the only fee involved when the contractor repairs the item. If the repair or replacement goes over the coverage limits listed in your warranty, you will be expected to pay the difference.
Your homeowners insurance policy, on the other hand, will pay for damage and loss of property due to a covered peril, such as storms, theft, and vandalism. In addition to damage or loss of personal assets, a policy covers damage to the interior and exterior of the home and liability for accidents that take place on the property.
The following tables explain the major systems and appliances covered by our Best Home Warranty Companies of 2023. For more information on what a home warranty covers, read our guides What Does a Home Warranty Cover? and Home Warranties vs. Homeowners Insurance.
Home warranties generally have two standard costs. The first is the plan cost and the second is the service call fee. The cost for a home warranty for companies in our rating ranges from $55 to approximately $80 per month. These prices are based on top-tier plans for our sample home of 2,345 square feet in Austin, TX. And service fees range from $70 to $150, for companies in our rating. 041b061a72