Best Home Appliance Insurance Warranties (68 Companies Ranked & Reviewed)
Having working appliances in our kitchen and living room is a luxury often taken for granted. In order to ensure that your appliances are always in working order, without causing you much of an inconvenience and keeping your budget intact, home appliance insurance is the way to go. In our guide, we will show you . . .
- What home appliance insurance is
- Who needs home appliance insurance
- Which companies offer the best home appliance insurance
- What to look for when choosing a home appliance insurance company
- And much more
We’ve reviewed 68 different companies that offer home appliance insurance, and below are our top picks for coverage specific to your state.
Best Home Appliance Insurance Options (2021)
Compare Home Appliance Insurance Providers
| Provider | Visit Site | Best For | Monthly Cost | Service Fee | BBB Rating | States Not Covered |
| Choice Home Warranty | Visit Site | Best Overall | $36-$44 | $60-$85 | B | CA, WA |
| American Home Shield | Most Customizable | $40-$70 | $40-$70 | B | AK | |
| Select Home Warranty | Visit Site | Most Affordable | $36-$50 | $36-$50 | C | NY, NV, WA, WI |
| Liberty Home Guard | Best Reviews | $40-$60 | $60 | A | CA, WA, WY, WI | |
| ServicePlus Home Warranty | Visit Site | Best Emergency Service | $41-$45 | $75-$125 | A- | AR, CA, CT, HI, IA, LA, ME, MD, MA, MN, NV, NH, NM, OR, SC, VT, WA, WY |
Home Appliance Insurance Ranked
For a new homeowner or a first-time buyer, the terms home warranty, homeowners insurance, and appliance insurance might be a little confusing. After all, they are all geared to protect your home and save you from spending more on repairs and replacement costs.
What's In This Guide?
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.
So, what is the difference between appliance insurance, home warranty, and homeowners insurance?
A homeowners insurance is a home protection plan that covers your home for accidents and break-ins. So in case, there’s a fire or a natural calamity that has hit your home and destroyed your home systems or appliances, the insurance will compensate you.
But what if your refrigerator just stops working due to normal tear and wear? Here’s where you need appliance insurance. It covers all your home appliances, but only if they break down due to normal wear and tear. With some insurers, you’ll be required to provide maintenance records as they won’t cover neglect.
There’s also a manufacturer’s warranty, and this is issued by the brand of the appliance you own, but it only covers one item and only lasts for a short period, between 1-3 years mostly.
Appliance insurance is often paired with systems, and it makes up a home warranty.
So, what is the best appliance insurance?
Top 5 Best Home Warranty Companies for Appliance Insurance:
- Choice Home Warranty (Best Overall)
- American Home Shield (Most Customizable)
- Select Home Warranty (Most Affordable)
- Liberty Home Guard (Best Reviewed)
- ServicePlus Home Warranty (Best Emergency Service)
All five of these top home appliance warranty companies are known for their impressive workmanship and coverage. However, from one home appliance repair insurance company to another, there are subtle differences that homeowners must understand. If you are ready to see which of these plans could make the most sense for you, let’s take a deeper look at the top five best appliance insurance companies on the market.
1. Best Overall: Choice Home Warranty
Choice Home Warranty is the best overall home warranty for appliances. With the Choice Home Warranty plan, you will get both system and appliance coverage with either of their two policy options. The Choice Home Warranty has been on the market for 13 years and is known for having very fair pricing for consumers. The Choice Home Warranty also has a simple and straightforward contract that will let homeowners see exactly what parts of their appliances are covered under this plan.
Pros | Cons |
Both plans cover systems and appliances | Cannot put together a custom plan |
Pricing is fair | |
Service fees are reasonable | |
The contract is straightforward to follow and understand |
Plans and Pricing
There are only two plans available from the Choice Home Warranty company, but each of these plans is a comprehensive choice with impressive coverage. The Basic Plan and the Total plan have systems and appliances and very high coverage limits associated with each of the plans.
Plans | Cost Per Month | Services Fee |
Basic Plan | $42 | $85 |
Total Plan | $50 | $85 |
Appliance Coverage
Some of the most popular appliance coverages found as part of the Choice Home Warranty plan include the refrigerator, stove, cooktop, washing machine, and dryer. Choice Home Warranty has some of the higher policy limits on the market. This ensures that you will be able to afford part of a replacement for some of these impressive appliances as well.
2. Most Customizable: American Home Shield
American Home Shield is the most customizable home warranty plan for appliance insurance. If you are a homeowner that wants certain appliances covered under the plan, the American Home Shield is the best overall option. With American Home Shield, you can pick and choose which products are covered under the plan and find something that works specifically for your needs. The American Home Shield plan has been on the market for more than 50 years, and they are considered to have premium coverage. American Home Shield has slightly higher pricing, but they are known for paying out claims when an issue comes up.
Pros | Cons |
It has been on the market for 50 years | Price is a little higher than other plans |
Easy to build out a custom plan | |
Plenty of add on options | |
Pricing can be customized as well |
Plans & Pricing
The three plans from American Home Shield include the Silver Plan, Gold Plan, and Platinum Plan. Each of these is going to act as a starting point, and then the rest of the plan can be customized on top of that. The Platinum Plan is one of the most extensive home appliance insurance plans on the market and will offer a wide range of coverage options.
Plan | Monthly Cost | Service Fee |
Silver Plan | $45 | $75-$125 |
Gold Plan | $55 | $75-$125 |
Platinum Plan | $79 | $75-$125 |
Appliance Coverage
One of the things that help the American Home Shield home warranty stand out is the higher coverage limits. With these high coverage limits, even if you need a replacement of an appliance, your plan should cover a good portion of it. In addition to the appliance coverage with American Home Shield, expect to get excellent system coverage as well.
3. Most Affordable: Select Home Warranty
Select Home Warranty is the most affordable appliance insurance for homeowners. When you consider the fact that Select Home Warranty has been on the market for nine years and they continue to offer these fairly priced policies, you can see why they are so well-liked by customers. Select Home Warranty offers an appliance-only plan that helps homeowners keeps the cost down but also keeps appliances protected. For a first-time homeowner, the Select Home Warranty is one of the smartest options to consider.
Pros | Cons |
Great customer service | Some covered items have lower policy limits |
Coverages and exclusions are clearly defined | |
High workmanship quality | |
Straightforward policy choices |
Plans and Pricing
There are three home warranty plans from Select Home Warranty. The Gold Plan is the best choice for appliances as it is only appliances that are covered on this plan. In addition, the Platinum Care plan can make quite a bit of sense as it is just a few dollars more but will cover all the home systems as well.
Plan | Monthly Fee | Service Fees |
Gold Care | $41 | $65 |
Bronze Care | $41 | $65 |
Platinum Care | $47 | $65 |
Appliance Coverage
The appliance coverage from Select is quite broad. Items such as the refrigerator, washer, dryer, microwave, and dishwasher are all included as part of the plan. The service fees are quite low, making a repair more affordable. However, keep in mind that some of the repair and replacement coverage caps are a little low.
4. Best Reviewed: Liberty Home Guard
The Liberty Home Guard is the best-reviewed home warranty policy on the market. After just two years in the home appliance insurance industry, Liberty Home Guard has received an A rating with the BBB. The Appliance Guard plan from Liberty Home Guard includes all of the most important appliances that a homeowner uses in their homes. In addition, the Liberty Home Guard policy has some of the best add-on coverage on the market. If you need to include some unique features in your home warranty policy, this is the plan to choose.
Pros | Cons |
BBB rating of an A | Plan add on options will increase overall pricing |
Very fair overall pricing | |
60 Day workmanship guarantee | |
A long list of add on coverage |
Plans and Pricing
There are three home warranty plans offered by Liberty Home Guard. For appliance insurance, the Appliance Guard and the Total Home Guard are the best overall choice. We like the Total Home Guard policy because of the fair value yet impressive coverage.
Plans | Monthly Fees | Service Fees |
Appliance Guard | $40 | $60 |
Systems Guard | $45 | $60 |
Total Home Guard | $49.99 | $60 |
Appliance Coverage
The appliance coverage from Liberty Home Guard is excellent; in addition to having a very low service fee, the policy coverage caps are fair. You will certainly get some money towards replacement costs as long as your appliances are in decent condition overall. With the impressive customer service from Liberty Home Guard, this is a plan that will make sense to invest in.
5. Best Emergency Service: ServicePlus Home Warranty
ServicePlus Home Warranty is the best home appliance insurance warranty for those looking for a speedy repair. The ServicePlus Home Warranty offers the best emergency service in the industry. If you run into a problem with your home appliances, you can often have a fix within less than 24 hours. This is an essential thing for people who have families or who work from home and use the appliances all day. The ServicePlus home warranty also offers quality service in addition to speed. You can expect that the repairs made will last for years to come.
Pros | Cons |
Fastest home warranty service on the market | Sometimes emergency service will have an upcharge |
An extensive network of service technicians | |
Quick and efficient work | |
Fair pricing |
Plans and Pricing
The Gold Plan or the PLatinum PLan would work for a homeowner looking for appliance insurance. ServicePlus home warranty has fair pricing overall and a good service fee level for an appliance insurance plan. Expect that the coverage caps or limits will be a little lower than other home warranty plans.
Plans | Monthly Fee | Service |
Gold Plan | $42 | $75 |
Platinum Plan | $46 | $75 |
Appliance Coverage
Remember that each home warranty plan has different coverages, and you must do some research about these coverages to determine which is going to be the best for your home. The appliance coverage from ServicePlus is a little narrow, with something like the refrigerator being considered an add-on. Overall appliance coverage is essential, and ServicePlus does the best job they can of balancing the price with the effectiveness of the plan.
What is Appliance Insurance?
Appliance insurance is something called a home warranty that will protect you from high repair or replacement-related expenses of your appliances. When your refrigerator breaks down and needs to be repaired, it can cost hundreds of dollars out of pocket. However, with appliance insurance in place, the repair will only cost a service fee (typically between $60 and $125). The appliance insurance plan can save homeowners time and money and provide peace of mind.
What Does Appliance Insurance Cover?
Appliance insurance will cover the repair and replacement of appliances that have issues related to normal wear and tear. If your dishwasher stops breaking due to no fault of your own, chances are it has an internal issue that needs the help of a qualified repair technician. The appliance insurance comes with a coverage cap, and the entire repair costs are not always covered, but the costs savings will be significant.
How Much Does Appliance Insurance Cost?
The appliance insurance can cost anywhere from around $40 a month to more than $80 a month. With higher-priced appliance insurance costs, the plan will likely have quite a bit more coverage and higher coverage caps. Luckily there are plans like Select Home Warranty that have more of a budget-type model.
How Does Insurance for Your Home Appliances Work?
Insurance for your home appliances is quite simple. The first step is to purchase a policy that meets the needs of your home. Once you have this in place, you will wait for an issue to come up with the covered appliances in your home.
When the issue comes up, you can schedule a repair with your home warranty company, pay a service fee and have them come out to your home to inspect the issue. The repair technician will decide if the appliance can be fixed or if it needs a replacement.
If the appliance can be fixed within the coverage limits of your home warranty policy, then you will not owe any other out-of-pocket expenses. If there is a replacement necessary, you will likely have to make up the difference between the depreciated value of the appliance, the coverage cap, and the cost of a new appliance.
Home appliance insurance can save homeowners both time and money.
What Is Not Covered Under Appliance Insurance?
Just as important as understanding what your home appliance insurance covers is understanding what it does not cover. There are certain things that home warranty insurance will not cover, regardless of the policy that you choose. Some of these things include . . .
- Pest damage
- Improper installation
- Neglect of appliances
- Using appliances incorrectly
- Scratches or dents
- An appliance covered by a manufacturer warranty
Essentially if you are not taking care of your home appliances, you can’t expect your home appliance insurance company to do it for you. For instance, if your refrigerator has a water filtration system that you have been warned to change several times and neglected, the home appliance insurance will not cover it.
Stay up to date with taking care of your appliance, and understand the details and specifics of your plan. If you do this, chances are you are going to have no issues with your home appliance insurance.
What Should You Consider When Buying Home Appliance Insurance?
There are dozens of reputable home appliance insurance companies on the market. In order to ensure that you get the proper one for your needs, you must first understand how these plans differ from one another. Here are some of the most important things to keep in mind when buying home appliance insurance.
Coverage
The coverage of your home warranty will include which appliances you can expect to be repaired or replaced under your home warranty policy. Chances are, the basics like the oven, stovetop, and dishwasher will be covered under most plans. Some will consider the washer and dryer and add on, and even the refrigerator can be added. Clearly, look at the appliances covered under the plan to fully understand what you are paying for.
Pricing
The plan’s pricing will include the monthly fees, cancellation fees, and any service fees. If you are looking for great value, ensure that you consider all of these fees as part of your home warranty plan. The pricing of a home warranty is typically between $40 and $65 a month.
Coverage Caps
The coverage caps will give you a better idea as to how much a home warranty company will payout when it comes to a repair or replacement. If a home appliance insurance company has a coverage cap of $500 and you need a new refrigerator that costs $2000, chances are you will be paying quite a bit out of pocket. Those with high-end appliances and systems need to consider a higher coverage cap from their policy.
Service Fees
The service fees are paid each time there is a need for a repair or replacement. If you want to keep the overall costs of your policy down, the service fees are essential to consider. Service fees are typically between $60 and $150 per month. If you have several repairs in a month, the lower service fees are essential.
Workmanship
The workmanship is essentially a guarantee of how long your repair is good for. If you have a policy with a 60-day workmanship guarantee, even if you experience the same issue needing repair, the home warranty company will step in and pay for the repairs. Workmanship guarantees whos that a company is serious about their home warranty service, and they trust the technicians.
When Should You Buy A Home Warranty?
It makes sense to buy a home warranty as soon as possible. This is because there is a 30 day waiting period before any home warranty or home appliance insurance goes into effect. Any issues that happen during those 30 days are not going to be covered, and therefore you will want to start your plan as soon as you can.
Home Appliance Warranty of a Different Name
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 compiled them together in one place so that you can choose the best warranty plan that fits you best.
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.
If you’re looking for a trusted, industry-leading home warranty company, we recommend Choice Home Warranty. They’re a top-rated brand and right now you can take advantage of their current promotions that get you $50 off, plus one free month and free 30-Day cancellation. Get a free online quote or contact a specialist at 929-400-6169 before these deals end. Another great option is American Home Shield which offers $50 off. Get a free quote online or you can call a home warranty specialist directly at 866-464-7521.
Best Appliance Insurance Price
| Company | Average Cost | Service Fees | Cancellation Fees |
| Choice Home Warranty |
| $60- $85 |
|
| American Home Shield |
| $75- $125 |
|
| Select Home Warranty |
| $60- $75 |
|
All insurers have limit caps that determine to what extent an item is covered. Here’s a table comparing the limit caps for the best appliance insurance companies to help you determine whether you are getting value for your money.
| Best Appliance Insurance | Coverage Limits for Appliances |
| Choice Home Warranty | $3000 |
| American Home Shield | $3000 for ShieldGold $6000 for ShieldPlatinum |
| Select Home Warranty | $500 |
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.
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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 or Furnace 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. Some companies offer policies with no deductible.
- 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.
Read Also: Do Home Warranties Cover Pre-Existing Conditions?
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?
Final Thoughts
Hopefully, you now feel capable of choosing a home warranty plan that is perfect for the appliance in your home. Appliance insurance is something that most homeowners will never regret purchasing. When you can trust your home warranty appliance insurance, you will have great peace of mind about homeownership. The Choice Home Warranty is the best comprehensive home warranty on the market. With Choice Home Warranty, you will get fair pricing, impressive customer service, and a plan that will cover some of the systems in your home as well. It is smart to get a few quotes for home appliance insurance so that you are sure you are getting an excellent match for your home.
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