Home Warranties: Prices and Maximum Coverage


These days, more homeowners than ever are signing up for home warranty plans. By protecting essential and often expensive appliances and home support systems, home warranty plans make it easier to manage household expenses and offer homeowners extra peace of mind. The best part is that many home warranty plans are surprisingly affordable.

How Much Do Home Warranties Cost?

It’s difficult to make generalizations about the cost of home warranties because every plan is a little different. Prices vary based on factors such as the size of the property, how many systems or appliances the warranty plan covers, and even where people live. 

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Overall, the average cost of home warranties ranges from $300 to over $800 per year. Homeowners can learn about the price of 2-10 HBW warranties online. These plans are competitively priced and easy to customize.

Also, Read | Is Buying A Home And Auto Insurance Bundle A Good Option For You?

Factors That Influence Pricing

Home Warranties: Prices and Maximum Coverage

The reason it’s hard to make generalizations about home warranty pricing is that every plan is a little different. While homeowners will need to request quotes to get pricing information that’s specific to their situations, they can get an idea of what factors influence home warranty costs. They include:

The Type Of Plan

  • The chosen service fee level
  • The square footage of the home
  • The style of the home
  • The location of the home

Home Warranty Coverage Options

Home Warranties: Prices and Maximum Coverage

Homeowners who want maximum coverage for all of their properties’ appliances and support systems will have to pay more than those who want only basic coverage for kitchen appliances. However, most people find that the extra cost is worth the peace of mind. Maximum coverage home warranty plans usually cover:

Kitchen Appliances

  • Washers and dryers
  • Electrical systems
  • Plumbing systems
  • Heating and cooling systems
  • And, more

Some home warranty companies also allow homeowners to customize their plans. Homeowners who want to take every possible precaution can also get coverage for roof leaks, extended pipe leaks, and even garage door openers. Service fee save-up or buy-down options may also be available.

Understanding Service Fees

Home Warranties: Prices and Maximum Coverage

Service fees, also called service call fees, aren’t added to monthly premiums. Instead, they’re required at the time the service is provided. Home warranty companies usually charge between $70 and $150 for service calls regardless of what type of repair or replacement is needed, which can save homeowners a lot of money. 

In some cases, service fee save-ups or buy-downs may be available. Buy-downs lower service fees but require paying a slightly higher up-front annual or monthly premium. Save-ups allow homeowners to lower their monthly premiums by agreeing to pay more for service calls. The ability to customize plan pricing can help homeowners budget even more effectively.

Potential Savings

Home Warranties: Prices and Maximum Coverage

Taking out a home warranty plan gives homeowners an extra level of protection not just for their appliances and home support systems but also for their wallets. Homeowners who are hesitant about taking on another monthly bill should consider the alternative. 

Without a home warranty plan, homeowners will be on the hook for paying for every repair and replacement of all their appliances. Given how expensive it is to buy new appliances and replace plumbing, electrical, and HVAC systems, paying a low monthly premium and a set service fee is a good trade off. It creates a relatively low financial burden and makes it easier to budget.

Home Warranties Are Worth the Cost

Few homeowners would question why they need property insurance policies, yet many refuse home warranty protection. Given how affordable some home warranties are, that’s a mistake. These protective plans are worth the cost.

Vansh Sharma
Vansh Sharma
Graduate in Journalism and Mass Media. For me, writing is a free flow of thoughts and opinions that brings reality in a formative way. I am a keen observer of society and nature, hence my writing shares a dramatic arch with deep rationale. Writing and reading make me think deeper and help me draw a contrast to understand better. I have written research papers and am on the verge to complete more. You can walk with me from Cinema, lifestyle & everyday speculations to technology, health, and education.


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