Best Home Appliance Insurance Warranties (68 Companies Ranked & Reviewed)
Looking to find the best home appliance insurance?
Perfect, you’re in the right spot! In ReviewHomeWarranties.com guide, you’ll learn:
- What actually is home appliance insurance?
- How does home appliance insurance work (is it complicated to get payouts)?
- How much you should expect to pay each month?
- Any tricks to save money on your monthly bill?
- Is it even worth it to have this coverage?
- Which companies provide the best home appliance insurance coverage?
We’ve reviewed 68 different companies that offer home appliance insurance, and below are our top picks for coverage specific to your state. Want to find out which coverage is most suited for your needs? Continue reading!
Our Top Picks Overview
- $50 Off + 1 month free
- Won't deny coverage if systems/appliances are old
- Free cancellation within 30 days
- Emergency service available
- Reservice for failed repairs
- Get $50 off
- Lower chance of claim denial
- 24/7 service calls
- Large and established firm
- Choose your own service fee!
- Market veteran
- $100 off + 2 months free
- $0 transfer fee
- Good selection of plans
- High contractor professionalism
- Quick replacement payments
- First 30 days: Free cancellation
- $100 off + 2 months free
- Comprehensive coverage plans
- Emergency service available
- 1 day to submit claim
- Limited availability (6 states)
- Best Value for Money 2019
- Large and established
- Plans from $25/m
- Automatically renewed policy
- Limited selection of extra coverage
Those appliances aren’t going to protect themselves. And these days, they are built for planned obsolescence. So for added peace of mind and simplicity, many are turning to appliance insurance as a way to augment what is not covered in homeowner’s insurance. Think of it as “gap” insurance for your appliances.
What's In This Guide?
Home warranty companies offer appliance insurance as part of more general plans of service. But as you research, it can get confusing. Home appliance insurance is also known as:
- Home Appliance Warranty
- Home Repair Insurance
It’s all the same stuff. So, to take some of the mystery away, we wanted to provide you with a comprehensive guide to the best appliance insurance policies from the best home warranty companies, and details on everything you should consider in finding the right coverage options and making the right policy purchase for you.
We have analyzed and compared factors related to home appliance insurance market from multiple home warranty providers and complied them together in place so that you can choose the best warranty plan that fits you best.
to help you choose the right one for your home.
Please use our charts and the information below to compare both basic and more advanced home appliance insurance programs.
Make sure you read home warranty reviews to get a complete understanding of the offering. Each of these comparison tables will change based on your location in the U.S, so in whatever part of the country you are reading this, the data is tailored to you.
What Is Home Appliance Insurance?
“Home appliance insurance”, aka a home appliance warranty or home repair insurance, is a policy that specifically covers the cost of repairing and maintaining appliances in your home.
While you may think of insurance as a means of helping you plan for and weather unexpected events, home appliance insurance covers the expected wear and tear that comes with owning and operating the appliances in your home.
Beyond homeowner’s insurance and a manufacturer’s warranty, this kind of policy is all about managing the cost of routine deterioration or breakdown of devices in your home.
Top 5 Best Home Appliance Insurance Companies
Appliance insurance as part of your home warranty plan is basically a service contract for appliances in your home like your dishwasher, refrigerator, cooktop, oven, and clothes washer and dryer. Many insurance plans will cover both systems and appliances – a system would be something that encompasses most areas of the house, like your air conditioning. Appliances usually refer to stand-alone simple or complex machines in the home.
Read Also: Can My Rental Property Have Appliance Insurance?
What Does Home Appliance Insurance Cost?
The plans we’ve researched range from basic plan premiums of $300 to just under $800 a year as part of the broader home warranty cost that includes appliance insurance.
But premiums are not the only costs to keep in mind. Here is a breakdown of the kinds of costs you should be paying attention to as you compare home appliance insurance prices. Plan options, covered items, and many other factors will impact price.
Premium
The first cost consideration as mentioned above is the premium. There can be as much as a $500 price differential, so you need to take a close look at what that premium gets you. If you start at $300 but need to add on to get the coverage you want, you are not realizing any real savings.
Service Fees
Too often, people forget the service fee aspect of home appliance insurance. Also known as a deductible, the service fee is another cost to consider. Service fees are usually somewhere between $50 and $100. And just like other types of insurance, a higher deductible means higher out-of-pocket costs per claim. But it could be a factor in reducing your monthly premiums, so you need to weigh that.
Read Also: How Much Do Regular Home Warranties Cost?
So again, depending on your insurer and level of coverage, you can expect home appliance insurance to cost between $300 and $800 among the providers we’ve ranked here. It’s important we call out that buying a policy that covers more appliances or adding on coverage of appliances beyond the basic plan will increase your premiums. Deductibles and service fees are also factors to weigh and will affect the overall cost of insurance.
Our Top Picks Recapped
- $50 Off + 1 month free
- Won't deny coverage if systems/appliances are old
- Free cancellation within 30 days
- Emergency service available
- Reservice for failed repairs
- Get $50 off
- Lower chance of claim denial
- 24/7 service calls
- Large and established firm
- Choose your own service fee!
- Market veteran
- $100 off + 2 months free
- $0 transfer fee
- Good selection of plans
- High contractor professionalism
- Quick replacement payments
- First 30 days: Free cancellation
- $100 off + 2 months free
- Comprehensive coverage plans
- Emergency service available
- 1 day to submit claim
- Limited availability (6 states)
- Best Value for Money 2019
- Large and established
- Plans from $25/m
- Automatically renewed policy
- Limited selection of extra coverage
Is Home Appliance Insurance Worth It?
You may be surprised at what all is potentially covered by home appliance insurance. Appliance insurance potentially covers a wide range of major systems including:
- Pool
- Central vacuum
- Sump pump
- Well pump
- Electrical system
- Lawn sprinkler
- Septic system
- Spa
- Ceiling fan
- Built-in microwave
- Cooktop
- Refrigerator
- Oven
And if there is a question about coverage, most states have some form of dispute resolution process. And appliances plan providers have a vested interest in making things clear from the outset and getting you the coverage outlined in your contract. Here’s a list of even more appliances covered in most plans:
- Dishwasher
- Ductwork
- Garage door opener
- Air conditioner
- Plumbing system, including stoppages
- Clothes washer
- Clothes dryer
- Heating system
- Water heater
- Garbage disposal
To understand if home appliance insurance is worth it for you, consider your current life situation. If you are putting your house on the market, home appliance insurance can be a great incentive to home buyers rather than replacing things. Leave upgrades to the new owner, but offer some peace of mind to them in the process.
Or maybe this is your “forever home.” If the home is an older home and you have some concerns about appliances and systems, it might be time to look at home appliance insurance.
Read Also: How Does Coverage For Your Septic System Work?
Rather than worrying about getting hit with multiple repair costs, it might make sense to use home appliance insurance as a hedge against those kinds of unwelcome financial surprises.
Things to Consider to Decide if Home Appliance Insurance is Worth it For You
- Understand the Limitations – Home appliance insurance is not the same thing as homeowner’s insurance. And you can have a very basic plan, or a combo plan with add ons that fit your needs. Even the most comprehensive plan is meant to augment, not replace, homeowner’s insurance with an added layer of protection for wear and tear. But if you are hoping to replace home systems like your HVAC system with an appliance warranty, that is probably well outside the scope of the coverage.
- One Size Does Not Fit All – When choosing, get a right-sized policy for your needs. Premiums, deductibles, and add-ons can drive up the overall cost. You need to assess your own situation, the size of your home, and other factors to craft a policy to fit those needs.
- Assess Your Current Appliance “Situation” – An appliance insurance policy won’t be worth it if it’s covering devices and systems you don’t have. So you need to ask yourself a few questions: What condition are your appliances in at the moment? What is the likelihood that wear and tear will create an undue burden on your finances? Are you going to be selling the home soon?
Many opt for home appliance insurance because they don’t think of themselves as particularly handy. But routine maintenance of appliances is a good idea regardless of what coverage you choose, or if you choose against insurance for your major appliances.
Routine maintenance like cleaning refrigerator coils can help you avoid “we don’t cover that” scenarios when you call to make a claim.
How Does Insurance For Appliances Work?
Ok, so when you get down to it, what happens when a covered appliance malfunctions? How does this kind of insurance work? Let’s take a close look at how these scenarios play out.
Step 1: A Problem Arises
Stuff happens. Your dishwasher starts spewing water everywhere, or your microwave stops working. Without appliance insurance, you may not be sure who to call. Or you know exactly who to call and what they will charge on the weekend to come check things out. Ouch!
With an appliance insurance policy in place, you have a clear course of action to take right away, and no surprise costs for a service call.
Step 2: Understand Coverage
Not everything is covered by appliance warranty plans, and every plan is a little bit different. Whatever is on the fritz, consult the contract to see what is standard in the policy and any optional coverage you opted in for. Not sure what’s covered? See step 3.
Step 3: Request Service Visit/File Claim`
Contact the company to get a service provider out to take care of this asap. You are filing a claim at the same time. The rep will help you further understand your coverage and get help to you.
Step 4: Pay Service Fee and Uncovered Expenses
When establishing the policy, you agreed on a set service fee. When something goes wrong, you will be responsible for that cost, along with any other uncovered expenses. But compared to replacing appliances or other systems out of pocket, the service fees average far less of a cost to you.
Read Also: What Do You Need To Know About Deductibles When Shopping For A Home Warranty?
Top Home Appliance Insurance Companies Reviewed
Choice Home Warranty
Choice Home Warranty appliance insurance coverage is extensive compared with others we looked at. With Choice, their Total Plan covers all major appliances, so look for that as your prime option. The policy is easy to understand, and there are no fees to transfer the contract to a new home. Policyholders call the claims center and pay a modest service call fee per claim. Their claims window—the amount of time you have to call in a claim—is generous compared to the other companies we researched here.
Pros
- Won’t deny claims for older appliances
- Available emergency service
- Free policy cancellation within 30 days
Cons
- Not available in CA, OK, WA
- No custom plans, just add-ons
American Home Shield
American Home Shield is one of the largest and oldest companies in the business, having been established in 1971. Their Combo Plan covers systems and appliances, or you have the option to build your own plan custom to your needs, which we think is a great value add. American Home Shield prices depend on the deductibles which they refer to as a “service call fee.” Like in other forms of insurance, lower deductibles mean higher premiums, but if you want lower premiums, you can choose a higher service call fee.
Read Our Full Review of American Home Shield
Pros
- Large, established firm
- Lower chance of claim denial
- 24/7 service calls
Cons
- Mixed reviews on Yelp and BBB
- Limited selection of add-on items
Select Home Warranty
Select Home Warranty company has been around for over seven years, and it keeps gaining popularity among the homeowners across the United States. It’s in the middle of the pack here among our picks mainly because you need to bypass a “bronze” and “gold” plan to get to the “platinum” that covers all appliances along with major systems. They draw in new customers with bonuses like $150 off annual plan plus 2 free months, one of the industry’s most aggressive bonus plans. The company works in most states, except for Washington, Nevada, Wisconsin, and New York. This makes them one of the most widely available providers in the country.
The company works in most states, except for Washington, Nevada, Wisconsin, and New York. This makes them one of the most widely available providers in the country.
Read Our Full Review on Select Home Warranty
Pros
- Provide clear examples of appliance and other coverage on home page
- Quick replacement payments
Cons
- Short window (3 days) to file claim
- $75 cancellation fee
Total Home Protection
Total Home Protection is a relative newcomer that is making a name as a fast-growing company in the home warranty market. It rapidly gained a positive reputation among homeowners all over the United States. Similar to Select they offer a platinum plan that covers all the appliances you can imagine. There is also optional coverage for items you might not think of. They are new kids on the block, so one to watch for a potential rise in the ratings as more data is gathered on how their appliance insurance stacks up.
With a real customer focus, Total Home Protection pre-screens their contractors to make sure they deliver effective solutions to any problem with your home systems or appliances that you might experience. Even more notably, if your claim falls outside of their service agreement, they will try to help you resolve the problem or point you in the right direction for a solution.
Read Our Full Review On Total Home Protection
Pros
- $100 off AND 2 months free
- Fewest BBB complaints
- Comprehensive plans
Cons
- 1 day to submit claims
- Limited availability (6 states)
First American Home Warranty
First American Home Warranty company is one of the veterans in the home warranty industry. The company has been providing services to millions of households in 35 states since 1984. Currently, FAHW is one of the largest home warranty companies in the market with 755 employees and annual revenue of over $275 million.
In spite of the fact that there are only two coverage plans available, First American Home Buyers Protection is a popular choice among home appliance insurance shoppers. Reviews mention the professionalism of the contractors chosen to work on behalf of First American Home.
Read Our Full Review on First American Home Warranty
Pros
- Well-established company
- B+ rating with Better Business Bureau (BBB)
- Solid value
Cons
- Pay attention – plans renew automatically
- Limited options for added coverage
Final Thoughts On Insurance For Home Appliances
Your own plan is a personal choice. Ultimately, given the varying coverage of these products, we recommend you shop around for a policy that best fits your situation; the appliances in your home along with your personal risk tolerance. The goal, of course, is peace of mind. So a plan that gives you that is what you are aiming for. We hope this review has been helpful in getting you clear information to make that choice.
Our Top Picks Recapped
- $50 Off + 1 month free
- Won't deny coverage if systems/appliances are old
- Free cancellation within 30 days
- Emergency service available
- Reservice for failed repairs
- Get $50 off
- Lower chance of claim denial
- 24/7 service calls
- Large and established firm
- Choose your own service fee!
- Market veteran
- $100 off + 2 months free
- $0 transfer fee
- Good selection of plans
- High contractor professionalism
- Quick replacement payments
- First 30 days: Free cancellation
- $100 off + 2 months free
- Comprehensive coverage plans
- Emergency service available
- 1 day to submit claim
- Limited availability (6 states)
- Best Value for Money 2019
- Large and established
- Plans from $25/m
- Automatically renewed policy
- Limited selection of extra coverage