Looking for the best home warranty in New Mexico?
Perfect, you’re in the right spot. In this guide, you’ll learn:
- Should you have a home warranty in New Mexico?
- What are some hidden ways to save money when buying a home warranty?
- How much does a home warranty cost you and what’s covered in NM?
- Is coverage worth it for you in New Mexico?
- And much more!
After 100+ tests and 68+ companies reviewed, we’ve listed our top 7 home warranty picks for New Mexico below. Continue reading!
Disclosure: ReviewHomeWarranties.com has referral agreements with some of the home warranty companies presented on our lists throughout this website, including our the above rankings. Referral income which we generate through these agreements helps us keep the content free of ads and accessible.
While New Mexico is a rather young state in the timeline of U.S. history, it is the 5th largest state in the nation with plenty of opportunities and space for residential areas. If you live in New Mexico, you know that many small-towns and cities are characterized by the wild, wild, west, and cowboy legacy. Some residents even consider their cowboy boots and cowboy hats as business attire, including a few local home contractors.
While New Mexico’s cowboy culture is nothing short of a good time, the reality is that home repairs and replacements on essential items are not. And no cowboy or cowgirl needs to be left with expensive out of pocket costs or financial woes over home items.
Owning a home warranty plan means that the company of your choice will cover a specified package of appliances, systems, or both. So do you want to find the right company in Albuquerque, Santa Fe, Roswell or Las Cruces?
Top 7 Best Home Warranty Companies in New Mexico
Who Needs A Home Warranty in New Mexico?
New Mexico is home to stunning sights, sweeping plains and colorful sunsets. Not only is it a unique place to live, but perfect for people that enjoy endless outdoor activities. No
matter if you are planning to move to New Mexico, wanting to retire or looking to own a vacation ranch, you should be protected from unexpected home expenses.
Here’s the bottom line: owning coverage from a top home warranty company will fetch you great returns as a homebuyer, homeowner or home seller in New Mexico.
Best Home Warranty in New Mexico?
Choice Home Warranty is our top pick for New Mexico. Why? Choice covers homes up to 5,000 ft, free contract transfers, reasonable annual premiums and they won't deny you coverage if you own an older property.
The homeownership rate in New Mexico is 2% above the national average of 63.9% and growing. So, what do these numbers mean for you? Well, 66.2% percent of people should consider insurance for the wear and tear or malfunction of home items.
In New Mexico, experienced homeowners understand the need for a comprehensive home warranty plan. If you ask anyone that has owned a home for more than 10 years, they will tell you that they have experienced expensive repair costs and that it has really put a strain on their monthly budget, hence the need for upfront protection.
New Mexico is the perfect place to be on the market for a new home, whether you live on the outskirts of Santa Fe or in the Rio Grande River area. And lucky for you, New Mexico is not limited to a specific type of buyer. If you prefer to live in the city or a quiet ranch, there is something for you.
Similarly, if you are on the market for a new home in NM, you should simultaneously be on the market for home warranty coverage for your appliances and systems. A home warranty plan will cover your essential items, which is essential in the first year of owning a new home. There is nothing more frustrating than moving into your recreational paradise in Taos Ski Valley and dealing with a broken HVAC system or ductwork issues in the middle of your move-in.
Home Sellers/ Real Estate Agents
Lucky for independent home sellers or real estate agents in New Mexico, the housing market is booming. According to the AbuquerqueJournal, in 2019, a record-breaking total of 23,328 home sales closed.
And what is one thing that probably helped most of these houses close, you ask? Well, the answer is a home warranty plan offered either as an incentive to purchase or as a gift from the real estate agent. It is fairly common for real estate agents to give homebuyers the confidence that their home will be insured for their first year of residence through home warranty coverage.
As a home seller, coverage will also provide the confidence that a plumbing stoppage or septic tank issue will be covered while your home is on the market.
Top 5 Best Home Warranty Companies In New Mexico
|New Mexico Company Name||Premium Per Month||Deductible|
|Choice Home Warranty||From $36.17 to $43.85||$85 flat rate|
|American Home Shield||From $49.99 to $59.99||From $75-$125|
|Select Home Warranty||From $35.83 to $37.50||$75 flat rate|
|Liberty Home Guard||From $39.99 to $59.99||$75 flat rate|
|Total Home Protection||From $45.33 to $52||$75 flat rate|
For both agents and independent home sellers, a home warranty plan is attractive to the homebuyer that prefers move-in ready and furnished houses, with ample appliances ready for use. These New Mexico homebuyers appreciate the peace of mind of not having to deal with the maintenance of a fixer-upper, but also the minimal time and money that a move-in ready home with warranty coverage brings.
Lastly, as a real estate agent or independent seller, you understand the importance of the industry’s three favorite words: location, location, location. Property values in the more densely-populated areas of New Mexico--Albuquerque and Santa Fe-- are a bit higher than other parts of the state. For that reason, if you are trying to sell your home in these urban areas, including a home warranty protection in the terms could make-or-break a sale.
Check out this video below for more information on the real estate market in Albuquerque.
What Should You Think About When Purchasing A Home Warranty in New Mexico?
Before you purchase a home warranty in New Mexico, there are several factors to think about to find the right plan for your home. Consider the following, below.
New Mexico is located in the Southwest Region of the U.S., bordered by Colorado, Oklahoma and Texas in the east, Mexico, and Arizona. New Mexico’s northwest corner touches Arizona, Utah, and Colorado, creating the only place where the four states meet.
Your location matters when picking a home warranty company, as a few companies have state exclusions. Lucky for you, all top five companies in this review protect New Mexico. For example, Total Home Protection does not offer protection in the nearby states of California and Nevada.
Depending on if you live in the mountains of northern New Mexico’s or the mesas in the western part of the state, topography matters when it comes to a home warranty. For example, if you live in the Rio Grande valley, pool coverage might be an item to have insured, as the desert-like weather produces ample heat. However, if you live in the Sangre de Cristo Mountains, pool coverage might not be as-needed.
New Mexico residents tend to experience a few natural events, like flooding, wildfires, severe storms and tornadoes. However, remember that your home coverage plans do not protect from these natural disasters, which is why it is important to own both homeowners insurance and a home warranty plan.
Age of home
In New Mexico, it is important to consider the age of your home when purchasing a home warranty plan because most of your manufacturer’s warranties have expired, therefore you’d be out of pocket for repairs.
A manufacturer’s warranty binds the original provider to repair or potentially replace an item if it malfunctions. And while this coverage is nice for a year, coverage will run out and when it does you need to make sure you have back up.
So, unless you purchased a new-build, big-ticket items have probably already experienced normal wear and tear which makes a home warranty contract a no-brainer. There is nothing wrong with the charm and character of an older home, but owning a home warranty will fill the coverage gap for multiple older systems and appliances.
What Will A Home Warranty Cost A Resident Of New Mexico?
Almost every home warranty company requires a deductible and premium payment. A deductible is also known as a service call fee and can range anywhere from $60-150 per claim submitted.
The premium is the fee you pay per month or per year for your coverage plan, which usually varies between companies. 47% of home warranty companies in New Mexico offer yearly premiums between $600-$650.
To illustrate this a bit more, let's consider the cost of air conditioner system breakdown in the middle of a New Mexico summer. If you have purchased a plan from Choice Home Warranty, our number one provider, your A/C unit is covered under the Platinum Care Package. So, you would pay a yearly $600 premium, plus an $85 service call fee in exchange for repair or replacement.
Think about it, a $600 yearly premium is nothing compared to the costs of replacing an A/C unit. For just a few hundred dollars you’ll spend on a contract and service call fee, you are saving significantly more money than having to pay upwards of $5,000 for a new installation.
What Types Of Plans Are Available For You In New Mexico?
Lucky for you, as a resident of New Mexico, you are eligible for many different providers and coverage options when it comes to choosing the best home warranty company.
Appliance Coverage Plans
An appliance plan covers your basic home appliances, like your refrigerator, dishwasher and washing machine. Because no systems are included, many companies refer to this individual appliance plan as “basic coverage”, but each company brands this plan differently.
Under appliance coverage plans, generally around 6-10 items are included. For example, Select Home Warranty calls this plan the Bronze Care Plan and includes eight appliances. American Home Shield, on the other hand, calls this plan their “Appliances Plan” and covers 10 items.
Systems Coverage Plans
Similar to appliance plans, systems coverage plans protect your home systems like HVAC system, air conditioning systems, electrical system and more. Systems Coverage Plans are another example of what some companies refer to as “basic coverage” because home appliances are not included. American Home Shield offers their Systems Plan for the same price as their Appliance Plan, for $49.99 per month.
Combo Plans and Build Your Own Plans
Combo Plans and Build Your Own Plans allow customers to combine both systems and appliances into one plan, making the plan more advanced than individualized appliance or system coverage options.
Some companies refer to their combo plans as “total protection plans”, as more items are included. For example, American Home Shield offers both a combo and Build Your Own. The Combo Plan covers 21 items for $59.99 a month. Their Build Your Own Plan allows customers to tailor 10 items to their needs for $54.99 a month. While these plans are more expensive, homeowners that value flexibility and comprehensive coverage appreciate these more cutting-edge options.
Optional Coverage Options
Add-on items are perfect for the new homeowner that has unique items in their first home. Not everyone will need pool coverage, but it is nice to know that if you decide to have this backyard luxury, coverage is available.
Is A Home Warranty Worth It In New Mexico?
Yes! There are many benefits to owning a home warranty in New Mexico, most obvious that home warranty companies eliminate the hassle and stress that comes with home repairs on items like a water heater.
Most residents of New Mexico find that coverage plans that include air conditioning, heating system, plumbing or septic, and pool/spa make owning a home warranty worth it. For example, finding a company that covers heating system repairs is essential for the colder months in northern NM.
How To Choose Coverage In New Mexico (Is It Unique)?
Step 1: Decide What You Need Covered
When looking around your southwestern custom built home, Spanish-style hacienda, or northern New Mexico styled home, consider the most important items to you and opt-into the coverage plan that best suits your needs.
For example, if you prefer only appliances like your clothes dryers, clothes washers, dishwashers and cooktops to be covered, a basic systems plan that is offered by most companies would protect these items best. The same goes for a systems plan.
However, if you want to make sure that items like your pool and spa, garbage disposal and sprinkler systems are insured, be sure to purchase add-ons for these items, as they are generally not covered by basic or combo plans.
Step 2: Pick a Home Warranty Provider and Plan
The second step (and the most fun step) is to actually select a provider! You most likely know exactly what you’re looking for in coverage plans and have completed most of your research on ReviewHomeWarranties.com, aka you deserve a Chimayo Cocktail or refreshing lemonade.
The last crucial item to consider, is the cost of your plan and how it fits in with your budget. Consider the deductible costs and premium costs, as these are your gateway to repair and maintenance coverage, 24/7.
Step 3: File A Claim, Pay The Service Call Fee, Wait For Repair!
This step is what we like to call the three C’s at RWH for New Mexico residents-- Claim, Call Fee and Contractor.
Claim: Begin by contacting your home insurance company to file a claim, which generally can be done through a service call or online.
Call Fee: Once the claim is filed, the company will verify your coverage plan with your specific service request and will work to schedule you a technician. Top companies like American Home Shield have a contract network of 15,000 repairmen and counting, giving you the flexibility of localized help relative to where you live, whether that be Santa Fe, Rio Rancho or Roswell!
Once the appointment has been mutually scheduled, you will need to pay a call fee for your home professional's service.
Contractor: The contractor will be dispatched to your home to repair or replace the broken part. Your job simply is to relax and enjoy the stress-free process of home maintenance with home warranty coverage.
Top Home Warranties For New Mexico 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 $1,500)
- 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
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
Total Home Protect Review
Why Do We Like Total Home Protect?
Total Home Warranty made our list as a home warranty with above average protection on more robust systems like septic systems and roof coverage.
Their monthly cost comes out to around ~$45 per month for their basic “Gold” plan, which puts them on the more expensive side of the scale when compared to other top home warranties on our list with better coverage.
Most home warranties do not cover anything related to your roof but Total Home Protect does, which we found to be unique to their offering helping them crack our top list.
Policy On Pre-Existing Issues or Older Units?
Very similar to Choice and AHS, Total Home Protect 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!
- You Can Choose Your Own Technicians
- Roof Coverage
- More Exclusions Than Most Competitors
- The Worst BBB score
- Low Payout Limits ($500)
Final Thoughts On Home Warranties In New Mexico
Out of all the home warranty reviews, we recommend Choice Home Warranty as the best service provider for New Mexico. Choice is not only a fan favorite of the industry but has served New Mexico residents for over 10 years, offering quality coverage plans and fair repair and replacement costs. If you want more bang for your buck and more time outdoors rather than dealing with home issues, Choice Home Warranty is for you.