The Best Home Warranty Companies That Can Save You Money and Headaches
Top 7 Home Warranty Companies
Below is a list of the top home warranty companies you can consider.| Company Name | Monthly Fee | Deductible | Service Fee |
|---|---|---|---|
| 1. American Home Shield | $49.99 – $59.99 | $75 – $125 | $75 – $125 |
| 2. Choice Home Warranty | $36 – $44 | $60 – $85 | $60 – $85 |
| 3. Select Home Warranty | $36 – $42 | $75 | $60 – $75 |
| 4. Total Home Protection | $45.33 – $52.25 | $75 | $60 – $75 |
| 5. First American Home Warranty | $28 – $42 | $75 | $75 – $100 |
| 6. Cinch Home Services | $31 – $40 | $100 | $100 |
| 7. Amazon Home Warranty | $29.99 – $41.99 | $75 – $100 | $55 – $85 |
American Home Shield
🔍 If you’re looking for a home warranty company with a long track record, American Home Shield (AHS) is hard to beat. AHS is the oldest home warranty company in North America and has been around since 1971. They offer a customizable plan that lets you choose what appliances and systems you want. They also have a network of qualified technicians and contractors that can quickly repair your items.
💪 Strengths:
- Long track record and reputation.
- Customizable plans.
- 24/7 customer service.
💔 Weaknesses:
- Expensive plans.
- High deductibles and service fees.
- Not available in all states.
Choice Home Warranty
🔍 If you’re looking for a company with extensive coverage, Choice Home Warranty is a good option. They cover major home appliances and systems, including air conditioning, plumbing, and electrical. They have two plans to choose from: Basic and Total. Their service call fee is reasonable, making them a popular choice among homeowners.
💪 Strengths:
- Affordable monthly fees.
- Comprehensive coverage.
- Reasonable service fees.
💔 Weaknesses:
- Long wait times for service.
- Strict claim requirements.
Select Home Warranty
🔍 Select Home Warranty offers three plans: Bronze, Gold, and Platinum. They also offer optional coverage for things like pools and spas. They have build-your-own-plan options, which offer homeowners a high level of control over their coverage. With a 30-day waiting period, it’s important to get this coverage before needing to use it.
💪 Strengths:
- Customizable plans.
- Budget-friendly premiums.
- Flexible payment options.
💔 Weaknesses:
- Long service wait times.
- Service provider network can be limited.
Total Home Protection
🔍 Total Home Protection offers a simple plan for homeowners who want basic coverage. They provide comprehensive coverage for items like appliances, plumbing systems, and HVAC systems. If you feel like you need more extensive coverage, you can add-on options like pools and spas, or an extra fridge or freezer.
💪 Strengths:
- No service call fee.
- 24/7 customer service.
- Great value for monthly premiums.
💔 Weaknesses:
- Only one plan available.
- Less coverage than competitors.
- Average service call providers.
First American Home Warranty
🔍 First American Home Warranty is a great choice for those of you looking for basic coverage. They offer two plans, Basic and Premier, both of which cover the most essential appliances and systems in your home. They have a solid reputation and offer a 30-day workmanship guarantee, offering peace of mind to homeowners.
💪 Strengths:
- No age limit on appliances or systems.
- Affordable monthly premiums.
- Covers more appliances than competitors.
💔 Weaknesses:
- High service fees.
- Long hold times when contacting customer service.
- Certain systems have coverage limits.
Cinch Home Services
🔍 Cinch Home Services is a newer company but has quickly gained popularity among homeowners. They offer two plans, Appliances and Built-In Systems, and both have optional add-ons such as pool and spa coverage or electronics coverage. With a dedicated mobile app, you can easily file a claim or track your service request.
💪 Strengths:
- Digital-first approach.
- Low service call fee.
- Frequent promotions and discounts.
💔 Weaknesses:
- Plans are limited compared to competitors.
- Not available in all states.
- Difficult to find detailed plan information.
Amazon Home Warranty
🔍 Amazon Home Warranty is a newer company that is growing rapidly. They offer three plans: Bronze, Gold, and Platinum. They also have add-ons like pools and spas or sump pump coverage. They offer a $55 service fee, which is less expensive than some competitors.
💪 Strengths:
- Low service call fee.
- No-home inspection requirements.
- Discounts for online sign-up.
💔 Weaknesses:
- Billing and claims center isn’t available 24/7.
- Some customer complaints about denied claims.
- An emergency repair priority isn’t available.
FAQs About Home Warranty Companies
1. What is a home warranty?
A home warranty is a contract between a homeowner and a home warranty company that provides coverage for the repair or replacement of covered home appliances and systems.
2. What’s covered by a home warranty?
It depends on your plan. Typically, home warranties cover major appliances and systems in the home, such as plumbing, electrical, heating and air conditioning, and major appliances like refrigerators and dishwashers.
3. How much does a home warranty cost?
The cost of a home warranty varies depending on the plan, the provider, and the deductible. On average, a basic plan can cost between $300 and $600 a year, while a more comprehensive plan can cost around $600 to $1,200 annually.
4. How does a home warranty compare to homeowner’s insurance?
A homeowner’s insurance policy provides coverage in the event of damage to your home or property caused by unexpected occurrences like flood, vandalism, and theft. Meanwhile, a home warranty covers the repair or replacement of your home’s systems and appliances when they break down due to wear and tear or age.
5. What sort of things are not covered by a home warranty?
Most home warranty companies have exclusions to their coverage. For example, some won’t cover pre-existing conditions, cosmetic damage to appliances, or problems caused by homeowner neglect or misuse. Be sure to read your contract before making a purchase.
6. Can I get a home warranty for an older home?
Yes, many companies offer policies for older homes. However, be aware that some older systems or appliances may not be eligible for coverage. Also, conditions in your home, such as noticeable wear and tear, water damage, or rodent infestations, might affect your eligibility.
7. Can I choose my own repair contractor?
It depends on the company. Some have their service technicians, while others allow you to use the contractor of your choice. Remember, some companies charge extra fees if you choose your own contractor.
8. How do I file a claim with a home warranty company?
Most companies have a customer service number or online portal where you can file a claim. Check with your company about their specific requirements.
9. What if the repair or replacement is too costly for the warranty to cover it?
You’re responsible for any costs above the coverage limit listed in your policy. Make sure you understand what you’re responsible for before purchasing your coverage.
10. How long is a typical home warranty contract?
Most are one-year contracts, with the option to renew at the end of the term. Some companies may offer a more extended contract with better pricing and coverage options.
11. Can I cancel my home warranty?
Yes, you can cancel your home warranty at any time. Just be aware that many companies have pro-rata cancellation policies that may result in administrative fees or refunds being prorated based on the remaining term.
12. What if my covered item can’t be repaired?
If your covered item can’t be repaired, your home warranty company will provide you with a replacement. Be sure to review the terms of the contract for specific limits on replacement coverage.
13. Why should I get a home warranty?
Home warranties provide peace of mind by reducing the costs of repairs or replacements for covered home appliances and systems. If you’re on a tight budget or not especially handy, a home warranty can give you that extra assurance that your appliances and systems are covered in case of an unexpected breakdown or wear and tear over time.
Conclusion
A home warranty can offer peace of mind for homeowners looking to protect their homes’ appliances and systems. It’s important to note that no home warranty covers everything and to understand your policy’s exclusions and limitations. Be sure to read customer reviews, compare plan options, and coverage, and choose the company that best fits your needs and budget.
In conclusion, if you’re planning to get a home warranty, do some research and choose a reputable company with a plan that works for you. Don’t be afraid to ask lots of questions and review your contract closely before signing on the dotted line. Happy house hunting!
Disclaimer
The contents of this article are for informational purposes only. The author is not a licensed insurance or home warranty professional. Before purchasing any home warranty policy, consult with an insurance agent or legal professional to ensure the policy meets your needs.