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!
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Our Top Picks Overview
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 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.
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.
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.
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.
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.
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
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:
- Central vacuum
- Sump pump
- Well pump
- Electrical system
- Lawn sprinkler
- Septic system
- Ceiling fan
- Built-in microwave
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:
- 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.
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.
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.
Top Home Appliance Insurance Companies Reviewed
Choice Home Warranty Review (Best Overall Home Warranty)
Why Do We Like Choice?
Out of all the home warranty companies we reviewed, Choice Home Warranty has the most comprehensive plans, good payout limits, minimal number exclusions, quality customer service, and affordable cost.
Choice has two main home warranty plans. The “Basic Plan” and the more comprehensive “Total Plan” covering 15 home appliances (dishwasher, etc) and systems (duct work, water heater, etc). They also have “Optional Coverage” for add on items most homeowners don’t usually have, which include pools and spas, well pump, sump pump, roof leaks, other extraneous items.
Based on our review, Choice’s “Total” plan covers these items at a more affordable price point than its competitors although has a few more exclusions, which is how they can justify charging a lower monthly payment.
The thing about home warranties is that they are a bit complicated with a lot of moving parts that may confuse most homeowners on what’s covered versus what’s not covered.
A key deciding factor in our review looking for the best home warranty company is finding one with top quality customer service to help customers like you walk through the claims process so you don’t have to worry about nasty surprises when you need service.
That said, Choice has 24 hours a day 7 days a week 365 days a year availability and a 48 hour response time to get a contractor out to your home. Other providers tend to have slower response times and are less communicative about when technicians are assigned to your claim.
Policy On Pre-Existing Issues or Older Units?
Choice covers appliances regardless of age or existing wear and tear, so you don’t need to worry about signing up and not getting covered due to age assuming you’ve properly maintained the item over it’s life.
What’s not covered is if you or someone else breaks the unit regardless of when it happens. All home warranties, regardless of company, won’t cover a unit you break through negligence or misuse (i.e., baby sticks chocolate bar into VCR).
- Good Limits (up to $3,000)
- Minimal Exclusions
- More Affordable
- Only 15 Home Appliances & Systems Covered
American Home Shield Review (Editor’s Choice)
Why Do We Like American Home Shield?
Far and away the most thorough and transparent home warranty company we reviewed is American Home Shield. They are the gold standard. If you spend any amount of time on their website, it’s clear that they are very upfront about what they do cover and don’t cover when compared to their competitors.
In fact, they go out of their way to tell you they cover things their competitors don’t like rust or plumbing stoppages.
They also have the best home warranty coverage with an astounding 21 systems and major appliances including trash compactor, smoke detectors, and clothes washer. They also have the fewest number of exclusions with the highest dollar limit payout amounts ranging from $1,000 – $3,000 per claim.
Think of American Home Shield as the “BMW” or “Mercedes” of home warranty companies. More expensive than Choice, but with better coverage and limits.
Policy On Pre-Existing Issues or Older Units?
Very similar to Choice, American Home Shield covers old systems and appliances that break down due to wear and tear, but they do not cover pre-existing issues or negligence related to the misuse of your appliance or system!
- Highest Payout Limits (up to $3,000)
- Widest Coverage (21 systems and appliances)
- Fewest Exclusions
- Most Expensive
Select Home Warranty Review (Most Affordable)
Why Do We Like Select Home Warranty?
Select Home Warranty made our list as a best budget friendly home warranty option. They have lower limits ranging from $500 – $2,000 per claim but also lower service fee costs and potentially reduced annual premiums as low $325 per year if you opt into multiple year contracts, far below other competitors.
If you opt for their “Platinum Care” they are on-par with other providers in terms of what they actually cover.
Overall, a great budget option for people who want a home warranty but can’t afford Choice or American Home Shield.
Policy On Pre-Existing Issues or Older Units?
Very similar to Choice and American Home Shield, Select covers old systems and appliances that break down due to wear and tear, but they do not cover pre-existing issues or negligence related to the misuse of your appliance or system!
- Most Affordable Service Contracts
- Roof leaks Are Covered In Their Platinum Plan
- Ultra Pushy Sales
- 3 Days To Submit Claim
- Weaker Network Of Contractors
Amazon Home Warranty Review
Why Do We Like Amazon Home Warranty?
The Amazon Home Warranty is one of the best options for homeowners. The Amazon Home Warranty has only been around for a little more than ten years. However, in that time, they have been able to put together some great coverage options across 46 states. At Amazon Home Warranty, you will get more of that small company feel that many of us look for in great companies today.
When you look at all of the companies out there, you will find that some stand out from the crowd. From the website to the customer service, to the plan versatility, Amazon Home Warranty has everything a homeowner could want. They have created relationships with over 50,000 contractors around the country. With a base like this, you can get your issues fixed quickly and without spending more of your time and money.
The most refreshing thing about this company is how simplistic its plans are. When you want to find out what the Amazon Home Warranty will cover and what they won’t, you can easily do so on their website. You won’t have to worry so much about fine print and exclusions with Amazon Home Warranty. Since this is a more modern and streamlined younger business, it’s very easy to stay on track with what they are offering and how they can help you.
In addition to the essential appliance and system plans, Amazon Home Warranty offers a combo plan option and add-on coverage for those homeowners with specific needs. When it comes to policy limits and exclusions, the Amazon Home Warranty will be very similar to other options on the market.
Policy On Pre-Existing Issues or Older Units?
Like other home warranty companies, Amazon will cover issues due to wear and tear on older models; however, they will not cover problems that have already occurred to your appliances or systems. There is a 30 day waiting period when you first sign up for new coverage that you will have to abide by before your plan truly starts. If your refrigerator is currently broken, you will need to fix it before Amazon Home Warranty covers it. For a newly purchased home, Amazon Home Warranty is going to want to see an inspection report before they are able to fix or cover an issue in your home.
- Younger, more modern company
- Wide coverage
- Add on options
- Over 50,000 certified contractors Nationwide
- Easy to work with a smaller team of customer service agents
- Lost their BBB accreditation and are in the process of getting it back
Liberty Home Guard Review
Why Do We Like Liberty Home Guard?
Liberty Home Guard is one of the newer home warranty companies on the market. With Liberty Home Guard, you will be exposed to all of the latest and greatest theories and concepts in the industry. This attention to technology will be seen immediately on their website and when dealing with the brand new customer portal. If you like a streamlined and electronic process for your home warranty policy, Liberty is a great choice.
Liberty Home Guard has only been in the industry for a few years, yet they have grown a network of more than 10,000 certified contractors from around the country. These contractors have to go through a rigorous application to ensure that they are qualified to be making repairs in your home.
Like some of the other home warranty companies on the market, Liberty Home Guard allows you to customize your plan with add ons and additional coverages. When it comes to pricing, Liberty Home Guard will be right in the same ballpark as most other manufacturers. There is some customization of your plan to be able to work within your budget, but a basic plan will start around $49.99 a month.
We like that with Liberty Home Guard, you can use a contractor of your choice if you wish. The reservice fee will not be covered if you choose your contractor, but it is an excellent option if you have people that you trust to do your home repairs.
Policy On Pre-Existing Issues or Older Units?
If you are not moving into a brand new home, you will still get coverage from Liberty Home Guard. After your 30 day waiting period to begin coverage, all working appliances and systems will be covered from that point forward. If you have a broken microwave and you haven’t signed up for converge just yet, you will need to have that fixed before your coverage can start.
- State of the art customer portal system
- Rigorous testing for contractors
- Ability to use your own contractors
- Fair pricing
- Good customer service for a newer company
- Must report your issues within one day of noticing a problem
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.