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Recommended Home Warranties for 2023

We created a guide to the right home warranty companies to help you find the company to choose.

Even with a good inspection, you might miss some things, which is when a home warranty comes in handy. Not only does the warranty cover major damage to your home, but it covers the appliances and other things that you might purchase later.

Editor's Choice 2023

Our recommended choice for home warranty company.

FREE

The best home warranty company for those concerned with roofing issues.

$11

4

 4.4/5

5

Rating

The best option for those who need to cover expensive appliances and major repairs.

Compare

A solid choice for those who want to know what they get from a warranty.

$10

The best option for those looking to save money on a home warranty.

$3.64

A good option for those who want more than just a warranty.

$10

A strong warranty that includes many licensed and insured contractors.

$10

What is a Home Warranty?

A home warranty is essentially a warranty that covers both the cost of repairs to your home and anything inside the residence. It works in the same way that your auto insurance does. When you’re in an accident, your auto insurance kicks in to help you and pay for any repairs you need as well as any medical bills that arise. A home warranty often has a small deductible. As long as you pay that deductible, the warranty covers the rest of the repair cost. You might find one with a small deductible or one that immediately pays for the repair without requiring a dime of your money. Always make sure that the plan you choose is affordable and fits your budget.

Why a Homeowner Would Need a Home Warranty

Many people have the option of purchase a home warranty plan and turn it down because they think that they’ll never use it and that they’re throwing away money every month. A home warranty can give you the peace of mind that you need when moving into a new home or when you want some extra protection for your current home. The small amount that you pay every month lets you know that you can avoid expensive repair bills. When a dishwasher or washing machine breaks down, it might cost hundreds to repair the appliance or get a new one. If a leaky roof comes down in the middle of the night, it can easily cost a few thousand dollars to fix the damage. A home warranty covers everything in your home and kicks in whenever you need help. You can get those repairs done, even if you don’t have an emergency fund. With a home warranty, you may pay a service fee as little as $50 to $100.

What Does a Home Warranty Cover?

It’s almost easier to name the things that a home warranty doesn’t cover than to name all the things that it does. Not only does it cover the walls and every area of your home from the foundation to the roof, but it will also cover everything inside your home too. You can use your warranty to cover repairs to many things, including:

Plumbing system
Electrical system
Small and large appliances
Built-in microwaves
Roof
Walls
Foundation
Flooring
Water heater

Another thing to keep in mind is that a home warranty covers modern HVAC systems as well as old air conditioners and furnaces. Some plans will even cover the electronics in your home, including televisions and computers.

How Much Does a Home Warranty Cost?

Though you might think that a home warranty costs more than you can afford, most of these plans can fit into any budget. Though some work in the same way that insurance plans do and charge a monthly fee and have a deductible, the plans we found are much easier to use. You simply pay one amount when you sign up for the plan, which will then cover you for the next few years. Some plans even offer continued support and give you the option of extending your plan later. Let’s say that you find a home warranty plan that costs $100. When you file a claim, you pay either a deductible or a small service fee that covers the cost of a repair tech coming to your home. That is all you will ever pay though. Even if your repair costs $2,000 or more, you only pay the initial cost for the warranty and your service fee or deductible. Most plans cost just a few hundred dollars or less. Some break down the costs by day and let you get coverage for a few dollars or less per day.

How to Get a Home Warranty

The best time to buy a home warranty is when you buy a new home and purchase insurance coverage. That doesn’t mean that only new homeowners can buy a warranty though. Whether you bought a house last year or lived in the same home for a decade or more, you can go online and buy the perfect warranty for you. It’s also helpful to look at what the warranty covers, including whether it will try repairing your appliances multiple times before finally replacing them. Our site makes it easy to find the recommended warranty provider. You can then use our links to visit the company, sign up for a plan and pay a fee to get the protection that you and your home needs.