Best Home Warranty Companies of 2022 | ConsumerAffairs

To find the best home warranty company for you, look for a provider you trust that has a plan that covers the home systems and appliances you consider essential. The price whether you pay monthly or annually also needs to be in your budget.

If you're buying a home warranty, here are three tips for comparing coverage and finding the right plan:

Many home warranty providers offer three primary types of plans: appliances, home systems and combination plans. An appliance plan covers items like your dishwasher and refrigerator. A home system plan covers a homes plumbing, electrical and other systems. A combination plan covers your home appliances and systems.

Some companies have add-on options for things that dont typically fall under the appliance and system categories, such as swimming pools and roof leaks. Most customers opt for a combination plan, but some prefer coverage for appliances or systems only.

There are different types of home warranties for buyers and sellers. For example, a homebuilders warranty is for newly constructed homes and covers more than a typical plan. If most of your home appliances are new and still covered under a manufacturer warranty, you may want to opt for a systems-only plan.

Providers generally charge from $36 to $68 a month for a home warranty. If cost is a significant factor for you, shop around for the best deal and consider choosing less coverage or a higher service call fee to reduce the price. You can save money if you get a warranty that only has coverage for the items that need it.

Be sure to get quotes from multiple companies some home warranty companies may offer price matching. As you research, we recommend comparing:

Warranty plans come with a cost, but paying a monthly premium could be much less expensive than paying hundreds or thousands of dollars out of pocket for a system or appliance repair or replacement.

Not all home warranty companies are created equal. After analyzing 1-star reviews about multiple providers, we noticed some commonalities between many of the poorly rated companies, including patterns of denying claims, misleading or aggressive marketing tactics, hidden fees and service delays.

Always read a home warranty contract thoroughly before you sign. Look for details about coverage, exclusions and limits.

For more advice, read about questions to ask a provider before purchasing a plan.

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Best Home Warranty Companies of 2022 | ConsumerAffairs