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How Much Does A Home Warranty Cost?

Young woman having trouble fixing her broken washing machine

When washing machine breaks down or a water pipe bursts, having a home warranty plan can potentially save you hundreds—even thousands—in expensive repair bills.

If a major appliance or system breaks, you can make a claim on your appliance and have the home warranty company coordinate a solution. This includes getting you in touch with the right service technician to get the job done, saving you from the headache of finding one yourself.

Give us a call today to get your answers fast and receive a free quote to compare your options: 860-288-4791

Whether you’re a new homeowner or someone who has owned your home for years, the peace of mind that a home warranty provides is more than worth the cost.

But what is that cost exactly?

The average home warranty cost depends on three things: the scope of your coverage, your monthly premium, and your service fee.

Let’s break down all three of these to show you that a home warranty can work within your budget and meet your needs.

What Affects The Cost Of A Home Warranty?

1. The Scope Of Your Coverage

Each home is different, so you need to understand how much of your home you need covered and the differences in costs. The best home warranty will offer you a wide scope and array of options to meet your needs.

Your coverage plan can include appliances, such as your fridge or oven, as well as home systems such as plumbing and heating. Not all home warranty companies are created equal, so you want to find one that provides clear information on what is covered.

Select Home Warranty covers all major home appliances and systems. We also offer optional additional coverage for minor appliances and systems. You can even gain home warranty coverage on some areas you might not expect, such as your pool, sprinkler system, well pump, and more.

2. Your Monthly Premium

Average Home warranty contracts cost between $300 and $600 per year. That means your monthly premium could be anywhere between $25 and $50 per month.

Select Home Warranty offers monthly premiums as low as $36. We also offer flexible plans that cover even more appliances and systems in your home. Each of our plans include free roof coverage and two additional months free. On top of that, you can take advantage of our discount codes offering up to an extra $100 off.

We also offer other plans, this way you can find the one that fits your needs. Don’t see an item you need covered on our list? We also offer additional appliances and systems as add-ons.

3. Your Service Fee

When the day comes, and your lawn sprinkler stops working or your laundry machine stops spinning, you can rest easy knowing your home warranty provider is there to take care of things.

All home warranty companies require a flat fee when a technician visits your home.  Select Home Warranty service fees range from $60-$75 depending on your location. This cost is only paid on the day that a technician arrives at your home.

This is the final factor in determining how much a home warranty will cost.

Is a Home Warranty Worth the Expense?

The lowest cost for Select Home Warranty is $36 per month with a $60 service fee when you need a technician. For comparison, the cost to repair a fridge can reach as high as $1,000—possibly more.

Rather than worrying about whether a costly repair bill is going to break the bank, a home warranty offers a simple solution for bringing your home back to normal.

Select Home Warranty stands by our two awards for Editor’s Choice from Home Warranty Reviews in 2021 and 2019, plus our 2-year consecutive wins for Best in Service in 2017 and 2018.

Money and time are the two things we want to save the most, and a home warranty can help you save both.

Get a FREE quote today and compare your options. Select Home Warranty is here to guard your home and your wallet.