Top Rated Home Warranty Companies
Introduction
Homeowners know that unexpected repairs to major appliances can be a financial burden. One solution is to get a home warranty, which covers the cost of repairs and replacements for appliances and systems in your home. But with so many home warranty companies out there, how do you know which ones are the best?
In this article, we will take a look at the top rated home warranty companies in the United States. We will provide detailed information on each of these companies, including their plans, pricing, coverage, and customer service. By the end of this article, you will have a better understanding of which home warranty company is right for you.
Strengths and Weaknesses of Top Rated Home Warranty Companies
Before we dive into the top rated home warranty companies, let's take a look at the strengths and weaknesses of home warranties in general.
Strengths
Peace of Mind: Home warranties provide homeowners with peace of mind by ensuring that major repairs won't break the bank.
Convenience: With a home warranty, you don't have to worry about finding a qualified contractor to make repairs. The warranty company will take care of that for you.
Save Money: Home warranties can save homeowners hundreds or even thousands of dollars on major repairs or replacements.
Weaknesses
Cost: Home warranties can be expensive, with annual premiums ranging from $300 to $600 or more.
Exclusions: Home warranties don't cover everything; many plans have exclusions, such as pre-existing conditions, improper installation, and cosmetic defects.
Service Quality: Some homeowners have reported poor customer service or slow response times from warranty companies.
Top Rated Home Warranty Companies
There are many home warranty companies on the market, but we have narrowed it down to the top rated companies. These companies have been chosen based on their coverage options, cost, customer service, and reputation.
| Company Name | Rating | Cost |
|---|---|---|
| Choice Home Warranty | 4.7/5 | $420 - $450 per year |
| American Home Shield | 4.5/5 | $400 - $600 per year |
| Select Home Warranty | 4.2/5 | $390 - $500 per year |
| First American Home Warranty | 4.0/5 | $280 - $420 per year |
| Total Home Protection | 4.0/5 | $440 - $495 per year |
1. Choice Home Warranty
Choice Home Warranty offers comprehensive coverage and competitive pricing. Their plans cover everything from appliances to plumbing and electrical systems, and they have a network of over 15,000 contractors to make repairs. They also offer a 30-day satisfaction guarantee and a referral program that can save you money on your premium.
One downside to Choice Home Warranty is that their customer service can be slow to respond, but overall, they are a solid choice for home warranty coverage.
2. American Home Shield
American Home Shield is one of the most popular home warranty companies in the United States, and for good reason. They offer flexible plans, 24/7 customer service, and a network of over 15,000 contractors. They also have a satisfaction guarantee and a referral program that can save you money on your premium.
One downside to American Home Shield is that their pricing can be higher than some other companies, and their coverage may not include everything you need.
3. Select Home Warranty
Select Home Warranty is a newer company, but they are quickly gaining a reputation for affordable pricing and quality coverage. Their plans cover everything from appliances to HVAC systems, and they have a network of over 10,000 contractors. They also offer a satisfaction guarantee and a referral program that can save you money on your premium.
One downside to Select Home Warranty is that their customer service can be hit or miss, and some homeowners have reported delays in getting repairs done.
4. First American Home Warranty
First American Home Warranty has been in business for over 35 years and has a reputation for affordable pricing and comprehensive coverage. Their plans cover appliances, HVAC systems, and plumbing and electrical systems, and they have a network of over 40,000 contractors. They also offer a 30-day satisfaction guarantee and a referral program that can save you money on your premium.
One downside to First American Home Warranty is that their customer service can be difficult to navigate, and some homeowners have reported slow response times.
5. Total Home Protection
Total Home Protection is a newer company that has quickly gained a reputation for quality coverage and flexible plans. Their plans cover everything from appliances to electrical systems and they have a network of over 10,000 contractors. They also offer a satisfaction guarantee and a referral program that can save you money on your premium.
One downside to Total Home Protection is that they have limited coverage in some states, and some homeowners have reported slow response times.
FAQs
1. What is a home warranty?
A home warranty is a service contract that covers the cost of repairs and replacements for appliances and systems in your home.
2. What does a home warranty cover?
A home warranty typically covers major appliances and systems in your home, such as your refrigerator, HVAC system, and plumbing and electrical systems.
3. How long does a home warranty last?
A home warranty typically lasts for one year, but some companies offer longer or shorter terms.
4. How much does a home warranty cost?
A home warranty can cost anywhere from $300 to $600 or more per year, depending on the company and the coverage you choose.
5. What is excluded from a home warranty?
Most home warranty plans have exclusions, such as pre-existing conditions, improper installation, and cosmetic defects.
6. How do I file a claim with my home warranty company?
You can typically file a claim with your home warranty company online or over the phone. Be sure to have your contract number and a description of the issue you're experiencing.
7. How long does it take to get a repair done with a home warranty?
Repair times can vary depending on the complexity of the issue and the availability of contractors. Some repairs can be done within a few hours, while others may take several days.
8. Can I choose my own contractor with a home warranty?
Most home warranty companies have a network of qualified contractors that they work with. In some cases, you may be able to use your own contractor, but you'll need to get approval from the warranty company first.
9. What happens if my appliance or system can't be repaired?
If your appliance or system can't be repaired, your home warranty company will typically replace it with a new one.
10. Can I cancel my home warranty?
Most home warranty companies allow you to cancel your policy at any time. However, there may be fees or penalties for cancelling before the end of your contract term.
11. Is a home warranty the same as homeowners insurance?
No, a home warranty and homeowners insurance are not the same. Homeowners insurance covers damage to your home from natural disasters, theft, and other events, while a home warranty covers the cost of repairs and replacements for appliances and systems in your home.
12. Can I purchase a home warranty at any time?
You can purchase a home warranty at any time, but some companies may require a home inspection before providing coverage.
13. How do I choose the right home warranty company?
When choosing a home warranty company, consider factors such as coverage options, cost, customer service, and reputation. Look for a company that has a network of qualified contractors and that offers a satisfaction guarantee.
Conclusion
When it comes to protecting your home and your wallet, a home warranty can be a smart investment. With so many home warranty companies to choose from, it can be tough to know which one is the best for you.
By considering factors such as coverage options, cost, and customer service, you can find a home warranty company that meets your needs. And with the top rated companies we've highlighted in this article, you can be confident that you're making a smart choice.
Don't wait until it's too late to protect your home. Get a home warranty today and have peace of mind knowing that you're covered.
Closing Words
Home warranties can provide homeowners with peace of mind and financial protection from unexpected repairs. However, before choosing a home warranty company, be sure to carefully consider factors such as coverage options, cost, and customer service.
Remember that no home warranty company is perfect, and there may be exclusions or limitations in coverage. Be sure to read your contract carefully and understand what is and isn't covered.
Additionally, if you're not happy with your home warranty company, don't be afraid to cancel your policy and look for a new provider that better meets your needs. Remember, protecting your home is an important investment, and you deserve a home warranty company that you can trust.