Best Home Warranty Companies (September 2022 Quick Guide)
Are you looking for the best home warranty companies that repair or replace home appliances and systems at an affordable price? Now finding a home warranty that suits your requirements has become easy. We have brought you the home warranty reviews of the top companies, comparing various factors, including cost, benefits, offers, & plans. This thorough review of the home warranty companies will help you pick a suitable plan.
With the help of the home warranty company comparisons below, you can decide which company to pick that best suits your needs. Through this, you can protect your home from unexpected costly repairs and your finances from unscheduled expenses.
Top Picks of September 2022
These are the top 3 home warranty companies preferred by customers for their elaborate plans and services:
Choice Home Warranty
Based on 9014 Reviews
Service Plus Home Warranty
Based on 834 Reviews
Select Home Warranty
Based on 4530 Reviews
Best Home Warranty Companies
Here is the list of best home warranty companies for September 2022 reviewed by the editors of homewarrantyreviews.com. The below home warranty comparisons are based on benefits, pricing, plans, response time, pros & cons, and user reviews.
Home Warranty Companies Detailed Overview
The plans and coverage options offered by home warranty companies may look similar on the outset, but some crucial details relating to premium & service fee cost, customer reviews, offers, etc., set a good home warranty plan apart from the rest.
The detailed overview of the top home warranty companies below will help you with all the information you may need to identify a company that caters to your requirements:
ServicePlus Home Warranty - Best for customer service
Select Home Warranty - Best for affordable premium
Liberty Home Guard - Best response time
America’s Preferred Home Warranty - Best for multi-family homes
HSA Home Warranty - Best for real estate deals
Home Warranty of America - Best for overall claims process
First American Home Warranty - Best for claims pay-out
Cinch Home Services - Best for workmanship guarantee
Compare Best Home Warranty Companies
Here is the list of pricing, ratings & benefits offered by some of the best home warranty companies to help you make comparisons:
What Are The Factors Affecting The Buying Decision?
Identifying an ideal home warranty that caters to your needs requires a lot of research. Some points especially need more consideration than others, such as coverage details of the plans, premium & deductible cost, location, and customer service.
Let’s look into these points in detail:
First and foremost, you must find the list of home warranty companies operating in your state. It must be noted that only a handful of companies operate nationwide, while some offer services in selected states. Click on your state on the map below to get the top-performing companies list.
Home warranty coverage varies depending on the company and the chosen plan. However, most companies offer generic coverage. For example:
- Electric System
- Heating System
- Plumbing System
- HVAC System
You can also choose optional add-ons. These items typically include:
- Swimming Pools
- Stand Alone Freezer
- Roof Leaks
It is essential to find out the quality of customer service offered by the home warranty companies. There are three aspects to this-
- Ease of getting in touch with the company to file claims: Make sure that you can get in touch with the company with ease using multiple means.
- Quality of work by the company’s contractors: Make sure that the comapny hires licensed and experienced contractors.
- The extent of post-service guarantee: Make sure that your company offers lengthy workmanship guarantee.
Home warranty companies usually charge two types of fees from the customers- monthly or yearly premiums and service fees. You are expected to pay the premiums of the plan you choose based on the coverage limit, location, waiting period, and add-ons.
On the other hand, you must pay the service fee or deductible when a contractor pays you a visit for maintenance work.
Note that the premium cost of many home warranty companies depends on the service fee you select to pay. Therefore, it is another aspect you must consider while negotiating with the companies.Learn more about home warranty cost details here ›
How To Choose The Best Home Warranty Company?
One of the major concerns leading to unsatisfactory experience among the customers that we notice is the mismatch of expectations placed on the home warranty companies. This primarily happens for two reasons:
- There is a disconnect between what the customer wants and what the company offers
- Customers miss out on reading the fine print and the terms of service offered by the company
- Prospective customers are misled by reviews coming out of poorly researched sources
Follow these steps to identify an ideal home warranty that fits your requirements:
Determine Coverage needs
Make a list of the things you want the home warranty to cover. Identify systems and appliances that are crucial for the functioning of your home and those that are relatively old (older than 3-4 years), as these may be more in need of protection.
Find Companies That Match Your Requirements
The USP of every home warranty company differs, and therefore you must shortlist companies that cater to your needs. Check if the company’s coverage list meets your requirement and if the cost fits your budget. Ensure that the customer representative answers all your questions to your satisfaction before you proceed.
Read The Fine Print & Terms Of Service
The importance of reading the fine print and terms of service cannot be stressed enough. Companies lay out many conditions for their services in these columns, which are not advertised.
Therefore, before finalizing the deal, customers must know the extent and limitation of coverage for all their appliances and services. This will help them in avoiding future conflicts that may arise with the home warranty company.
Get Your Information For Authoritative Sources
Many sources peddle home warranty reviews, but most of these are not authoritative. Many multi-vertical sites have started listing home warranty companies, where any information related to home warranty exists in one or two pages.
As a result, it is evident that apart from company lists, you get no substantial information required to help you make an informed choice. It is advisable to consult sources dedicated to learning about the home warranty users' requirements and the companies’ reviews.
If you want to learn more about choosing a home warranty, read our detailed guide on purchasing a home warranty.
How Do Home Warranties Work?
Home warranties are supposed to protect you from spending excessive money on repairs and replacements for malfunctioning appliances and systems. Home warranty companies offer coverage for these potential damages by collecting a premium once a month or a year.
Once you purchase a plan, you are entitled to file for claims if any covered items malfunction, generally after a 30-day waiting period from the date of purchase. The steps below will help you file a claim and get the company's promised service.
Firstly, you request service by contacting the company's customer support department. After submitting the request, the company will process it further and assign you a licensed contractor or technician.
The assigned technician will arrive at your doorstep at the earliest, diagnose the problem, and inform the company about it.
Depending on the information provided by the technician, you will receive a repair or replacement service. In exchange for this, you are required to pay a service fee as mentioned in your contract.
Note: The process may change depending on the company, so we encourage you to read the service agreements carefully.
Home Warranty Vs. Home Insurance
Home warranty is a service contract that helps you repair and replace household appliances and home systems with basic pay. Home insurance is property insurance that protects it against losses and damages.
In case of a breakdown of an appliance or system, a home warranty plan covers all of it with a service call fee. Home insurance includes protection of personal belongings, the structure of a home, liability, and living expenses.
The important difference between a home warranty and home insurance is their coverage. A home warranty can help you stay ahead of your home's expenses.
At HomeWarrantyReviews.com, we are dedicated to providing in-depth home warranty reviews so you can choose the best home warranty company & make the most out of it. We examine, compare, and analyze the companies on the following factors:
- Cost: We compare the costs of home warranty plans and determine if those are cost-effective. The pricing includes monthly/annual premiums, deductibles, and customer discounts.
- Coverage: We compare the costs of home warranty plans and determine if those are cost-effective. The pricing includes monthly/annual premiums, deductibles, and customer discounts.
- Claims: We compare companies’ claims filing procedure, settlement, and response times. We also look at customer reviews and determine how satisfied they were with the provided services.
- Transparency: We verify if the home warranty company is licensed within the appropriate industry and offer details on the CEOs, contractors, and several settled claims.
- Uniqueness: We examine whether the company offers additional services, advantages, or coverage alternatives that set them apart from the competition.
- Customer Engagement: We assess the determination of home warranty companies responding to consumer problems through our Complaint Resolution Program.
- Customer Reviews: We collect user reviews to understand their views better about the company. However, we have noticed that customers dissatisfied with a service have more chances of writing a review in the hopes of finding a remedy than a satisfied customer. This leads to the accumulation of negative reviews and gives out a skewed perception of the company. Therefore, along with user reviews, we consider many other factors while rating a home warranty company in the interest of accuracy.
Why trust HomeWarrantyReviews.Com
We are America's first independent home warranty review & research platform
We have been assisting our readers for more than 14 years
We have listed more than 80+ home warranty companies
We have nearly 100,000 genuine & verified customer reviews
We use a two-step verification process to maintain the authenticity of reviews
We allow users to connect directly with the company's representatives to resolve issues through our Complaint Resolution Program
Choice Home Warranty
Based on 9014 Reviews
Offer(s) available: 1st Month Free + Limited Roof Coverage
Service Plus Home Warranty
Based on 834 Reviews
Offer(s) available: $200 Off + 2 Months Free
Select Home Warranty
Based on 4530 Reviews
Offer(s) available: $150 off + Free roof coverage + 2 months free
Frequently Asked Questions
Who Needs A Home Warranty?
A home warranty is a good idea for people who own older homes with aging systems and appliances likely to break down. It can also be a good purchase for landlords, home buyers or sellers.
Which Company Has The Best Home Warranty Program?
It’s difficult to pinpoint any one company since they all tend to differ on various parameters. We shortlist the best companies based on various criteria and present them with awards on annual basis.
What Is A Trade Service Call Fee? Should Homeowners Bear This?
A trade call fee is a payment a customer must pay during service visits. Companies also refer to it as deductible, service fee, or copay. This amount is non-refundable and varies depending on the company.
Who Regulates Home Warranty Companies?
Home warranty companies are regulated by different bodies in each state, such as the Texas Real Estate Commission in the state of Texas. Overall, the National Association of Insurance Commissioners also makes a lot of statements about the service contract industry, though it is not insurance.
There is a self-regulating body called the National Home Service Contract Association (NHSCA), the members of which follow regulations and ensure that they are properly licensed.
What To Look For In A Home Warranty Company?
While choosing a warranty company, carefully check out the company’s service agreement, inclusions, exclusions, and cost details, among others.
What Isn't Covered Under A Home Warranty?
A home warranty typically doesn’t cover damages due to improper installation, cosmetic issues such as scratches or dents due to failed maintenance, misusing items, or repairs that are not included in your coverage plans.
What Is Covered Under A Home Warranty?
A typical home warranty covers the cost of the service, repair, or replacement of major home appliances and systems. Every company has different coverage options, which you can check in their agreements.
How Long Does A New Home Warranty Last?
Generally, a home warranty lasts for a year, but the majority of companies renew the home warranty at the end of the term. Some companies also offer plans for longer terms.
What Is The Average Waiting Period Of Any Warranty Company?
The average waiting period of any home warranty company is 30 days. However, it may increase or decrease depending on the company. So we recommend you confirm it with your home warranty provider at the time of purchase.
What Are Home Warranties For Multi-Family Homes?
Home warranties for multi-family homeowners renting one or many appliances and services with their tenets or other households. This coverage is particularly useful for homeowners residing in apartments or family dwellings.
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