Top 5 Best Home Warranty Companies 2023
Find the most suitable home warranty plan easily with our researched reviews and comparison table.
What Is a Home Warranty?
A home warranty policy is an insurance policy that provides coverage against the cost of repairing or replacing the mechanical components in your home. Unlike homeowner’s insurance, which applies to the home itself, a home warranty policy applies to the systems and appliances in your home. If something breaks down, you can call your home warranty provider for assistance. Some policies also include coverage for maintenance costs.
Selecting the right home warranty policy can be challenging, but it is an important step in protecting yourself from expensive repairs. Whether you own a home or plan to purchase one, it is crucial to choose the best home warranty company for your needs. Our page provides reviews of the top home warranty companies, including information on their features, plans, and costs. Our handy comparison table allows you to research and compare different brands, so you can find the most suitable home warranty plan for your situation.
How Does a Home Warranty Work?
A home warranty is a valuable insurance policy that offers protection against the cost of repairing or replacing mechanical components in and around your home. This type of warranty can be especially helpful for homeowners who want to ensure their home’s essential systems and appliances are covered.
When you purchase a home warranty policy, you will enter into a contract with the warranty provider, which will detail the items covered, the coverage dollar amounts, and any service fees or deductibles you must pay. If an item covered by your policy breaks down or stops working, you can call your home warranty provider to arrange for a professional to come and repair or replace the item.
Cover wide range of systems and appliances
Home warranties can cover a wide range of systems and appliances, including air conditioning units, heating systems, refrigerators, and more. Some plans even cover less common items such as hot tubs or pools. Additionally, many providers offer customizable plans that allow you to add extra add-ons for items that are not initially included in your policy.
When it comes to costs, the annual premium for a home warranty plan typically ranges from $400 to $800, depending on the plan, home location, and the size and type of home. You will also need to pay a service fee when ordering a contractor to fix the issue. Service fees range from $60 to $150 and can be paid upon making a claim. It’s important to note that some home warranty services offer lower service fees with a higher premium or vice versa, so it’s important to compare different providers and plans to find the right one for your needs.
| Details | Choice Home Warranty | Select Home Warranty | Home Warranty of America |
|---|---|---|---|
| Average premium per year | $350 – $600 | Starting from $436 | $350 – $600 |
| Plans | 2 | 3 | 3 |
| States serviced | 49 (Not including WA) | 47 (Not including NV, WA and WI) | 50 |
| Service | 24/7 call centers and online | 24/7 call centers and online | 24/7 call centers and online |
| Service call fee | $85 trade service call fee per claim | $75 – $100 | Starting from $75 |
| Contractors | > 25,000 nationwide | 10,000 nationwide | Provided by Home Warranty of America |
| Website | choicehomewarranty.com | selecthomewarranty.com | hwahomewarranty.com |
Ultimately, a home warranty offers homeowners a sense of security by shielding them from the financial burden of unforeseen repairs or replacements for crucial home systems and appliances. When selecting a plan, it is crucial to assess the coverage and expenses carefully, and compare various providers to determine the most appropriate option for your requirements.
Tips for Selecting the Ideal Home Warranty Company for Your Needs
If you’re considering purchasing a home warranty, it’s essential to choose the right provider to ensure you’re getting the best coverage and service for your needs. Here are some tips to help you select the ideal home warranty company:
- Research and compare: Before signing up with any home warranty provider, make sure to research and compare different companies. Look at their coverage options, pricing, customer reviews, and ratings to help you narrow down your options.
- Consider your needs: Consider what home systems and appliances you want to cover and ensure that the provider you choose offers plans that meet your needs. If you have uncommon or expensive items that you want to protect, make sure the provider you choose covers them.
- Review the contract: Before signing up with any provider, carefully review the contract to ensure that you understand what is covered, the dollar amounts that apply, and any exclusions or limitations.
- Check for add-ons: Some providers offer add-ons that can enhance your coverage, such as electronics protection or well pump coverage. Consider if any of these add-ons would benefit you.
- Look at service fees and deductibles: Compare the service fees and deductibles charged by different providers to ensure you’re getting a fair price.
By following these tips, you can select the ideal home warranty company for your needs and protect your home and wallet from costly repairs and replacements.
Top 5 Home Warranty Companies
Are you a homeowner or renter worried about unexpected repair costs for your home systems and appliances? A home warranty might be the solution you need for peace of mind. But with so many providers out there, it can be challenging to choose the right one for your needs. That’s why we’ve done the research and ranked the top five home warranty companies based on our methodology.
Choice Home Warranty provides affordable plans that cover most major appliances and systems, and new customers qualify for a free month of coverage. With 24/7 online or phone claim submission, a service provider will contact you within 48 hours. Choice Home Warranty has a high Trustpilot rating of, and its pricing and plans are simple, with two combined appliance and systems plans to choose from and just one pricing tier for service claim fees of $85.
Although services are not available in Washington, Choice Home Warranty’s Basic plan covers most of the essential systems in your home. Additionally, veteran and military personnel discounts are available, as well as coverage for manufactured homes and condominiums. With a $50 cancellation fee after 30 days on yearly contracts, Choice Home Warranty makes it easy to customize your home warranty to fit your needs.
Pro
Contra
Select Home Warranty is a home warranty provider that offers nationwide coverage, with the exception of Washington, Wisconsin, Nevada, and New York. Additionally Select includes free roof leak coverage with all of its plans and provides 24/7 customer service support via phone.
Select Home Warranty’s plans include the following benefits: two months of free coverage with an annual plan, free roof leak coverage, affordable plan for appliances only, and 24/7 claims support. The provider offers three plans, all of which come with roof leak coverage:
- Bronze Care: Covers nine appliances plus AC and plumbing systems.
- Gold Care: Covers six home systems and no appliances.
- Platinum Care: Covers all appliances and home systems included in Bronze Care and Gold Care plans.
Pro
Contra
Home Warranty of America is a reputable home warranty provider that offers comprehensive coverage for most appliances and home systems. The company is available in all 50 states, and customers can easily file service requests 24/7 online or over the phone. Once a claim is filed, Home Warranty of America will automatically assign a licensed technician to handle the issue, and they provide up to $15,000 in annual coverage for repairs and replacement.
While Home Warranty of America’s plans may be more expensive than some of their competitors, their coverage is extensive and provides good value for your money. All plans come with a deductible for each service visit, but they also offer a 30-day money-back guarantee for new customers.
HWA offers two distinct plans at $75 and $100 service fee levels. They prefer to assign their own vetted contractors to handle claims, and customers don’t have to worry about age limits on working appliances and systems or inspections to qualify for coverage. GreenPlus, a special add-on, provides high-efficiency replacements when an appliance is no longer repairable.
Contracts are one-year commitments, and customers may be subject to a 10% penalty fee for cancellations after 30 days. Overall, Home Warranty of America is an excellent choice for homeowners looking for comprehensive coverage for all their appliances and systems.
Pro
Contra
Our Methodology for Testing Home Warranty Providers
We understand the importance of choosing the right home warranty company that will offer reliable coverage for your home systems and appliances. Our team conducted extensive research by comparing selected tariff offers from 50 major providers to give you a comprehensive overview of the market.
Our process involved identifying the key categories that are important when selecting a home warranty provider. We carefully evaluated coverage options, pricing, customer service, and contract terms for each provider. Each category was scored from 0 to 10 based on specific criteria (see below), and we tallied up the total scores to determine the overall ranking.
After thorough analysis, we selected the top five home warranty companies that offer exceptional coverage options, competitive pricing, and excellent customer service. When choosing a plan, it’s crucial to consider the coverage options provided by each provider, the pricing for the plan, and the quality of customer service you can expect.
It’s worth noting that each of the top five providers on our list offers customizable plans that allow you to select the level of coverage that best suits your needs. You can add extra items like pool and spa coverage or choose a plan that covers both your home systems and appliances. With our rankings and methodology, you can make an informed decision and choose the right home warranty provider for your needs.
- Coverage
What items and systems are covered by the policy? Does the coverage include appliances, home systems, and add-ons such as pools and hot tubs? - Plan Options
Do the providers offer multiple plan options to choose from? Are they customizable to fit the needs of the homeowner? - Service Fees and Deductibles
What are the service fees and deductibles charged by the provider? Are they reasonable and affordable for the homeowner? - Repair Network
Does the provider have a wide network of licensed and vetted contractors and service technicians? Are they available 24/7 for emergencies? - Reputation
What is the provider’s reputation in the industry? Do they have positive customer reviews and ratings? Are there any major complaints or legal issues against them? - Cost
What is the annual premium for the home warranty plan? Is it within the range of industry standards? Are there any additional costs or fees not covered in the plan? - Customer Service
What is the availability and quality of customer service provided by the provider? Do they have a responsive and knowledgeable customer support team? - Claims Process
How easy is it to file a claim with the provider? Do they have an online portal or mobile app for easy access? How long does it take to process a claim?
Top 5 FAQs About Home Warranties Answered
A home warranty covers the repair or replacement of mechanical components of home systems and appliances, such as HVAC, plumbing, and electrical systems, as well as kitchen appliances and laundry equipment.
Most home warranties last for one year, but some providers offer options to extend the coverage for an additional fee.
The cost of a home warranty varies depending on the provider, the level of coverage, and the location and size of your home, but typically ranges from $400 to $800 per year.
Pre-existing conditions are typically not covered under a home warranty. The warranty provider may require a home inspection before issuing a policy to identify any pre-existing conditions.
To file a claim with your home warranty provider, you typically need to call the provider or submit a claim online. You will need to provide details about the issue and the affected system or appliance, and may be required to pay a service fee or deductible.