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Explore the Complete List of Home Warranty Companies in the United States and Their Numbers
Are you ready for unexpected repair costs in your home? Finding the right home warranty company can be tough but very important. We’ll look at a full list of home warranty companies, covering what they offer, their coverage, and what customers say.
Top companies like American Home Shield, Choice Home Warranty, and First American Home Warranty stand out. Knowing their unique features helps you choose wisely. We’ll discuss why home warranties are key, their costs, and what homeowners think. Get ready to find out how to protect your home!
Key Takeaways
- Home warranties protect against expensive repairs.
- Many companies offer different plans.
- Monthly fees are between $30 and $90.
- It’s important to know what’s not covered and limits.
- Customer opinions vary a lot.
- Choosing a reputable company is key.
- Home warranties are great for older homes or first-time buyers.
Understanding Home Warranties
A home warranty is like a safety net for homeowners. It covers repair or replacement costs for key systems and appliances. This is different from the home warranty definition, which focuses on mechanical failures from general wear and tear. We will look into what a home warranty is and how it works to give homeowners financial security and peace of mind.
What Is a Home Warranty?
A home warranty is a service contract that covers repairs or replacements of various systems and appliances. This includes heating and cooling systems, plumbing, and major kitchen appliances. It’s not the same as homeowners’ insurance, which covers damage from disasters or accidents. A home warranty is for regular maintenance and unexpected breakdowns that can happen over time. Knowing what a home warranty is helps homeowners understand its role in home maintenance.
How Do Home Warranties Work?
Here’s how home warranties work:
- There’s a 30-day waiting period after buying a warranty before you can file claims.
- You can submit service requests online or through customer service, which usually takes 48 hours to process.
- You have to pay a service call fee, which can be between $50 to $125, each time a repair or replacement is needed.
- You get coverage for breakdowns due to normal wear and tear, helping you avoid expensive repair costs.
Common coverage limits are around $1,500. Annual fees for home warranties range from $400 to over $1,000, depending on the provider and coverage level. Homeowners often compare these costs to the possible expenses of unexpected repairs, which can be thousands of dollars for issues like air conditioning failures. Understanding how home warranties work helps homeowners make better decisions and manage their maintenance budgets.
Importance of Having a Home Warranty
A home warranty is more than just a convenience. It acts as a financial shield for homeowners, protecting them from unexpected repair costs. With homeowners filing about 2.5 claims a year, the value of home warranties is clear.
Financial Protection Against Major Repairs
Homeowners often face big bills when systems or appliances break down. For example, replacing an HVAC system can cost between $5,000 and over $12,000. A home warranty can help by covering repairs for things like plumbing, electrical, and major appliances. The cost of a warranty, which is usually between $432 and $816 a year, is much less than what you’d pay for emergency repairs.
- Average monthly home warranty cost: $25 to $150
- Average service call fee: $60 to $100
- Typical deductible per claim: $50 to $200
These numbers show how much a home warranty can save you financially. About 80% of people looking at older homes worry about repair costs and appliance conditions. They see a home warranty as a way to protect themselves.
Peace of Mind for Homeowners
Home warranties also give homeowners peace of mind. The worry of unexpected repair bills can be stressful, even more so after a repair emergency. With a warranty, homeowners can relax, knowing they’re covered.
“Having a home warranty has taken away the constant worry about repairs. I know I have support whenever something goes wrong.”
Studies show that homeowners with warranties are happier. Knowing help is just a call away lets them enjoy their homes more. In uncertain times, this peace of mind is invaluable.
| Aspect | Description |
| Claim Frequency | Average of 2.5 claims filed per year |
| Repair Emergency Rate | Over 50% of homeowners faced a repair emergency last year |
| HVAC Replacement Cost | $5,000 to $12,000 |
| Annual Warranties Cost | $432 to $816 |
| Monthly Premium Range | $25 to $150 |
List of Home Warranty Companies in the United States
Homeowners looking for a reliable home warranty find many companies to choose from. Big names like American Home Shield and Choice Home Warranty offer different plans and coverage. It’s important to know about these providers to find the best fit for your home.
Overview of Popular Providers
Many homeowners choose well-known companies for their home’s systems. Below is a table showing what popular home warranty providers offer. It highlights their coverage and what you’ll pay each year:
| Company | States Covered | Annual Premium Range | Deductible Range | Appliance Coverage Limit |
| America’s First Choice | 50 | $396 – $672 | $75 – $125 | N/A |
| Choice Home Warranty | 49 | $552 – $660 | $75 – $125 | $3,000 |
| Elite Home Warranty | 48 | $539 – $719.88 | $0 & $70 | $7,000 |
| The Home Service Club | 50 | $615 – $750 | $65, $95, $125 | $800 |
Regional Variations and Availability
Choosing a home warranty depends on where you live. Some companies only serve certain states, while others cover the whole country. Here are some things to keep in mind:
- Most home warranty companies cover most of the United States, but some states might be excluded.
- Many Americans want homes with warranties, showing a national trend toward protection.
- Companies in Texas and California are big in the home warranty market. It’s key to check what services are available in these areas.
- Look out for any gaps in service that might affect your coverage.
Comparing Coverage Options of Top-Rated Home Warranty Companies
Home warranties are a smart way for homeowners to protect their finances from expensive repairs. There are many coverage options available, meeting different needs. Knowing the types of plans and what’s not covered helps homeowners choose wisely. Let’s look at the different coverage plans and how they compare.
Types of Coverage Plans Offered
Home warranty companies usually have three main plans:
- Appliance Plans: These cover important appliances like refrigerators, ovens, and dishwashers.
- Systems Plans: They cover big systems like HVAC, plumbing, and electrical.
- Comprehensive Plans: This is a mix of appliance and systems coverage, giving the most protection.
Coverage Limits and Exclusions
It’s important to look at coverage limits when comparing plans. These limits can affect how much you’ll pay out of pocket. Here’s a look at some popular home warranty companies:
| Company | Coverage Plan Type | Monthly Premiums ($) | Service Fee Range ($) |
| 2-10 Home Buyers Warranty | Comprehensive | 27 – 61 | 65 – 100 |
| AFC Home Warranty | Selling systems/appliances | 48 – 77 | 75 – 125 |
| American Home Shield | Comprehensive | 30 – 90 | 75 – 125 |
| Cinch Home Services | Comprehensive | 30.99 – 93.99 | 100 – 150 |
Home warranties often don’t cover pre-existing issues, poor maintenance, or cosmetic problems. It’s key to read the fine print of each plan. This way, homeowners can pick the best coverage for their needs.
Evaluating Home Warranty Costs
Understanding home warranty costs is key for homeowners. This section explains the average monthly costs and service fees. We’ll examine what affects these prices, helping you make smart choices.
Monthly Premiums and Service Fees
Monthly costs for home warranties vary by provider and plan. In Ohio, prices range from $30 to $80. American Home Shield has the lowest basic plan at $30 a month. Liberty Home Guard starts at $49.99, with an annual rate of $35.71.
Service fees are another cost to consider. In Ohio, these fees range from $70 to $125. American Home Shield’s fees are between $100 and $125 per claim. AFC Home Warranty lets you choose between $75 or $125 fees. Choice Home Warranty adds a $2.50 fee to its plans.
| Home Warranty Company | Monthly Premium Costs | Service Fees |
| American Home Shield | $20 – $30 | $100 – $125 |
| Choice Home Warranty | $44 (Basic), $52 (Total) | $70 – $125 + $2.50 additional fee |
| AFC Home Warranty | Variable | $75 or $125 |
| Liberty Home Guard | Starts at $49.99 | $70 – $125 |
| First American Home Warranty | Starts at $42 | $100 or $125 |
Factors That Influence Pricing
Several factors affect home warranty prices. Location is a big factor, impacting both monthly costs and service fees. Older appliances need more coverage, raising premiums. The type of coverage you choose also changes costs.
In Ohio, homes with septic systems have extra coverage options. Discounts for veterans and AARP members can also lower costs. These discounts add value to your home warranty.
Home Warranty Reviews: What Homeowners Are Saying
Looking at home warranty customer reviews gives us a peek into what homeowners go through with different companies. People share good and bad experiences, like dealing with claims and service requests. This feedback helps others make better choices.
Customer Feedback and Experiences
Reviews show a range of experiences. Many are unhappy with the service quality, like with the U.S. Home Guard. They often talk about bad customer service and hard times canceling policies. It seems like some customers get passed around without getting help.
New Home Warranty also gets a lot of negative feedback, mainly about claim denials. People feel misled, leading to anger and sadness. The lack of response to claims has even earned an F rating from the Better Business Bureau (BBB).
Common Complaints and Praise
Many complain about being pushed into buying with aggressive marketing. Home Warranty Direct, for example, shut down in 2020 because of these issues. People feel targeted by false marketing, hurting the most vulnerable.
Reviews also point out big problems with service. Customers often wait long for help, and sometimes, no one shows up. The service cost, around $70 to $125, adds to the stress when claims are denied.
To make these points clear, here’s a table with what people say about different home warranty companies:
| Company Name | Common Complaints | Positive Feedback |
| U.S. Home Guard | Poor customer service, long wait times | Some positive claims processing experiences |
| Like New Home Warranty | Claim denials, misleading marketing | Occasional prompt service |
| Home Warranty Direct | Service request non-responsiveness | Some efficient claim handling before closure |
How to Choose the Best Home Warranty Provider
Finding the right home warranty provider is key to protecting your home. First, think about what you need to be covered. Look at the systems and appliances in your home that are most important. Also, consider any extra coverage you might need.
Assessing Your Coverage Needs
Start by checking what’s in your home. Home warranties offer different types of coverage. You can get plans for:
- Systems Plans – These cover big systems like HVAC and plumbing.
- Appliance Plans – They protect important appliances, like refrigerators and washing machines.
- Combo Plans – These offer both systems and appliances for full protection.
About 42.8% of homeowners choose plans that cover systems, appliances, and extras. This shows many people want full protection.
Researching Company Reputation and Financial Stability
Look into the reputation and financial health of warranty companies. Aim for a Better Business Bureau (BBB) rating of B or higher. Customer feedback is also key. Look at reviews to see how reliable and good the service is.
Check the service fees, usually between $60 and $100 per request. Also, see what extra services are available. Knowing these details helps you make a smart choice when picking a home warranty provider.
| Provider | Rating (BBB) | Types of Plans Offered | Average Monthly Premium | Add-on Options |
| Select Home Warranty | B+ | Bronze, Gold, Platinum | Under $50 | Up to 38 |
| 2-10 Home Buyers Warranty | A- | Systems, Appliances, Combo | $50 – $60 | Varies |
By following these steps, you can choose a warranty company that fits your needs and expectations.
Conclusion
Learning about home warranties is key for homeowners. They offer protection against expensive repairs. Companies like Priority Home Warranty and Select Home Warranty have different plans for various needs.
Home warranties provide a safety net for unexpected repairs. They start at just $1 a day. This gives homeowners peace of mind, knowing their homes are covered.
Choosing a good provider is important. Knowing what’s covered helps protect your investment. Home warranties are getting better, focusing on customer needs and support.
About Home Warranty Companies
The world of home warranty companies is changing fast. Many factors shape their success. Knowing what makes one company different from another is key. This includes good customer service, quick claims handling, and strong consumer protection.
Home warranties cover normal wear and tear, unlike homeowners insurance for unexpected damages. They cover important parts like HVAC, plumbing, and electrical systems. Companies like AFC Home Warranty let homeowners choose their contractors. American Home Shield offers wide coverage that meets many needs.
Customers value fast service and good claims handling. This builds loyalty and encourages them to use the service again. Regulatory changes and market trends also influence what’s available to consumers. Plans start at under $1 a day, helping homeowners avoid high repair or replacement costs.
With a focus on the customer and quick service, homewarrantycompanies.com is heading in a good direction. They aim to meet the needs of people looking for value.
FAQ
What exactly is a home warranty?
A home warranty is a contract that covers repairs or replacements of major home systems and appliances. It helps with costs due to normal wear and tear.
How do home warranties differ from homeowners’ insurance?
Home warranties and homeowners’ insurance are different. Insurance covers damage from disasters, while warranties handle everyday breakdowns. This makes warranties key for avoiding high repair costs.
What are the financial benefits of having a home warranty?
Home warranties save homeowners from big repair bills. They offer peace of mind and keep budgets stable by covering unexpected repair costs.
What companies provide the best home warranty services?
Top home warranty providers include American Home Shield, Choice Home Warranty, and First American Home Warranty. Each offers different coverage and service quality.
How do I compare different home warranty plans?
To compare plans, look at coverage, limits, and what’s not covered. Also, check the costs of premiums and service fees. This helps you choose the right plan for you.
What factors influence home warranty costs?
Costs depend on the home’s location, appliance age and condition, and the coverage plan. The provider’s terms also play a role.
How can customer reviews help in choosing a home warranty company?
Customer reviews offer insights into satisfaction, claims handling, and service quality. They help you pick a reputable company.
What steps should I take to choose the right home warranty provider?
First, figure out what you need in coverage. Then, research companies read reviews, and check their financial health. This careful process helps you find a reliable provider.
Are there common exclusions found in home warranty plans?
Yes, plans often exclude pre-existing issues, neglect, misuse, and cosmetic problems. Knowing these exclusions helps avoid surprise costs.
What is the significance of regulatory factors in the home warranty industry?
Regulations protect consumers and set service standards. Understanding these rules helps homeowners know their rights and what’s expected under warranty contracts.
