5 Best Home Warranty Companies in 2024 in USA

Choosing a Best Home Warranty Company in the USA: According to a survey conducted in 2022, almost half of the American population, that is, 49%, would be unable to pay for an emergency expense of $400 without incurring debt. With an impending economic recession, it is now more critical than ever to come up with ways to save money and prepare for any unexpected financial challenges.

Investing in a home warranty policy can make your life easier by providing predictable repair and maintenance costs. With this policy, you pay a monthly fee to your provider, and when something in your home breaks down, you can schedule a repair at a reduced cost. This can save you a lot of money in the long run, making it a worthwhile investment.

What is Home Warranty?

A home warranty is a legal agreement that provides coverage to homeowners for repairs or replacements of major household systems and appliances that undergo normal wear and tear. It offers protection against unexpected breakdowns, which includes fixing or replacing covered items such as air conditioning, stoves, refrigerators, washing machines, and plumbing systems.

While home warranties can help cover the up-front costs of home system and appliance repairs, whether a home warranty is worth it for you depends on your needs.

How Do Home Warranties Work?

Home warranties assist homeowners in defraying the expense of replacing or repairing aging systems, appliances, and other household appliances. Getting a house warranty is like having insurance against unforeseen repairs. The appliance warranty company will cover repairs or replacements up to the limit of your plan if something goes wrong with the covered equipment.

The 5 Best Home Warranty Companies:

1. Choice Home Warranty: Best home warranty company overall
2. Select Home Warranty: Reasonably priced premiums and fees
3. American Home Shield: Best for customizable plans
4. Liberty Home Guard: Homeowners looking for a quick claims process
5. First American Home Warranty: Best for high payout caps

1. Choice Home Warranty: Best Home Warranty Company in 2024

Choice Home Warranty is one of the best home warranty company in USA in 2024. It is an affordable choice that is great for first-time home buyers. Select from their customized Basic Plan (12 items) or Total Plan (16 items) to get coverage worth up to $3,000 for every claim that is approved.

Why we chose Choice Home Warranty: Unlike other programs, Choice Home Warranty offers dependable customer service, reasonable annual fees, and quick responses to questions and claims.

Pros

• Low premiums
• First month free
• 24/7 online and phone home warranty resolutions

Cons

• Coverage limits of $250 to $3,000 per item
• Not available in California

2. Select Home Warranty

Competitively priced coverage for the majority of major appliances and systems is offered by Select Home Warranty. Their monthly premiums are less expensive than those of other home warranty providers, with a starting point of just $36.

Pros

• Affordable premiums and fees
• 24/7 phone support
• Free coverage for roof leaks

Cons

• Low coverage limits
• Not available in Nevada, Washington, or Wisconsin

3. American Home Shield

Operating since 1971, American Home Shield is the largest and most established company in the US home warranty market, with over two million members.

Pros

• Highly customizable plans
• Includes undetectable pre-existing conditions
• Covers older items, including rust and corrosion

Cons

• No guarantee for repair times
• Not available in Alaska, New York City, or Hawaii

4. Liberty Home Guard

Liberty Home Guard has an excellent reputation for providing dependable client service, as seen by its high ratings and positive reviews.

Pros

• Excellent customer service
• Currently offers two free months
• Highly rated by customers

Cons

• Not available in Wisconsin
• Fewer technicians compared to other companies

5. First American Home Warranty

For individuals looking for strong home protection for their appliances and systems, First American Home Warranty is a great option. The organization was founded in 1984 and states that it has prevented homeowners from having to pay more than $219 million in repair expenses.

Pros

• 24/7 claims service
• Fully vetted tradespeople
• Low pricing and service fees

Cons

• Difficult to understand the pricing breakdown without a personal quote
• Their app is poorly rated

How to Choose the Best Home Warranty Company for Your Needs

When the time comes to buy a home warranty plan, make sure you select the ideal provider by following these guidelines.

• Research different plans and compare features: Find out which of the numerous home warranty plans best suits your needs by reading up on them. Take into account each plan’s coverage limitations, service charges, and other features.
• Ask important questions: Make sure you are aware of what is covered and whether there are any limitations or restrictions.
• Get home warranty quotes from multiple providers: When the time comes to buy, shop around and get quotes from a few different suppliers. Before making a choice, be sure you have read the fine language in the contract.
• To make sure a company is reliable and in compliance with all laws and regulations, look for certification from groups like the National Home Service Contract Association.
• Examine customer reviews: Read customer reviews regarding the company’s home warranty offerings and services. Make sure their customer service is dependable, accommodating, and quick to respond so you know how to file a claim or seek a repair later on.

Pros of Purchasing a Home Warranty

Home warranties are an extra layer of protection for your house that can help pay for significant appliance replacements or other expensive repairs. You may avoid unforeseen costs and have piece of mind knowing that any problems covered by the guarantee will be resolved by getting a home warranty plan.

How Does a Home Warranty Work?

If you are unfamiliar with home warranties, you might be unsure of the steps involved in initiating a claim once enrolled. Here are some steps to help you understand how house warranties operate:

Step 1: Enroll in a plan; half the fight is knowing that your home warranty provider can assist with cost coverage!

Step 2: If the worst (or inevitable happens) you can typically file your first claim after a 30-day waiting period from enrollment.

• You will typically have the option to file your claim over the phone or online,
• You’ll pay the service call fee that essentially acts as the deductible for your plan- this price varies based on the provider you pick.
• Cinch Home Services is a great option if you need home warranty coverage with no waiting period before filing a claim. They also offer little to no rejections for maintenance issues or pre-existing issues.

Step 3: After that, you will arrange for a technician to visit your house for a service call. You will only be responsible for the service call fee if your service contract covers the breakdown of the system or home appliance.

Step 4: Before beginning any repairs, the technician will let you know whether he can fix the system or replace it, whether your plan will pay the entire cost, and whether there will be an out-of-pocket expense.