New Mexico offers homeowners warm and sunny weather, access to outdoor activities, and some of the more beautiful views in the United States. However, as a New Mexico homeowner, you will also have to be prepared for home-related issues regarding appliances and systems. If you are looking for the best home warranty company in New Mexico to protect your home, we have all the answers you need.
In this guide, we will cover . . .
- What is a home warranty?
- Why should you have home protection on your home?
- What should you look for when purchasing a home warranty?
- The 6 best home warranty companies in 2022
- And much more!
The New Mexico temperatures can be extreme. There is no way you will want to try and make it through a summer without a functioning air conditioning system. With these repairs costing hundreds if not thousands of dollars, the New Mexico home warranty can provide tremendous benefits.
Home warranty companies help you save money on expensive home repairs and replacements. They also allow you to enjoy peace of mind while owning your home. If you are looking for the best home warranty companies in New Mexico, we have all the information you need.
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.
Compare New Mexico Home Warranty Providers
|Provider||Visit Site||Best For||Monthly Cost||Service Fee||BBB Rating|
|Choice Home Warranty||Site||Best Overall||$40 - $48||$85||B-|
|American Home Shield||Site||Most Customizable||$50 - $60||$75 - $150||B|
|Select Home Warranty||Site||Most Affordable||$36 - $38||$60||B|
|Liberty Home Guard||Site||Best Reviewed||$40 - $60||$60||A|
|Cinch Home Services||Site||Best Workmanship||$28 - $40||$100 - $150||A-|
|First Premier Home Warranty||Site||Best Coverage||$45||$75||B-|
|ServicePlus Home Warranty||Site||Best Emergency Service||$41 - $45||$75 - $125||A|
New Mexico Home Warranty Costs
Although there are some affordable homes still left in the state of New Mexico, the home warranty you choose still needs to fit in with your monthly budget. Each home warranty plan on the market offers unique coverage and policy benefits, and therefore the pricing will vary greatly. At Review Home Warranties, we felt that it was necessary to give homeowners a general idea as to how much a New Mexico home warranty should cost. We did some in-depth research and reviews to come up with the averages across several different types of New Mexico homes. This information should be reviewed before you start getting your quotes for your home warranty plan.
Average Annual Premium
Single Family Home
Home Over 5,000 sq ft
Home Under 5,000 sq ft
New Mexico Home Warranty Companies Reviews
At Review Home Warranties, we have reviewed more than 70 companies to help narrow down the top seven home warranties for New Mexico homeowners. When comparing New Mexico home warranties, we had to look at things like coverage costs, customer service, service fees, BBB ratings, plan choices, and more. Here are our reviews of the top 7 best home warranty companies in the state of New Mexico.
1. Best Overall: Choice Home Warranty
Choice Home Warranty is the best overall home warranty policy in the state of New Mexico. Although there are many things about the Choice Home Warranty plan that will make it stand out, one of the most important is the simplicity of the contract. Choice is not a company that will try and trick or deceive New Mexico homeowners. Everything is laid out clearly with expectations and details to make this a positive experience for New Mexico homeowners. In addition, the Choice Home Warranty is going to have fair pricing for both of its policies.
Comprehensive plan options
It won’t allow for custom plan build-out
Fair overall pricing
Reasonable service fees
Good sign-on incentive
Plans and Pricing
There are only two Choice Home Warranty policies to choose from. Yet, each of these policies offers both system and appliance coverage. This is a rare find in the world of home warranties.
Cost Per Month
Choice Home Warranty has some of the highest coverage caps on the market. This means that each of your covered items is very well protected, up to $2000 or more. If you experience an expensive HVAC or heating system repair, the Choice Home Warranty plan will cover it. Some of the coverages that New Mexico homeowners take full advantage of include...
- Plumbing system
- Washing Machine
- Water Heater
- HVAC system
What Customers Are Saying:
“Extremely pleased!! Todd was wonderful and very nice and professional!! He was a great pleasure to speak with and easy to work with. He thoroughly explained the process and questions I had on coverages. Very happy and Thank you!!” Source
2. Most Customizable: American Home Shield
American Home Shield is the most customizable plan for New Mexico homeowners. No two New Mexico Homes are going to be the same. Therefore it is good to have the ability to customize and update the plan based on your specific needs. The American Home Shield plan is the only one on the market that allows for this type of customization. With more than 50 years in the industry, the American Home Shield plan is one of the most trusted among New Mexico homeowners.
Been around for more than 50 years
A premium-priced policy
Built out custom plans and add on options
Premium add on coverage choices
Plans & Pricing
The plans that American Home Shield offers are typically priced a bit higher than other options on the market. However, there is some customization available when you look at the monthly fees and service fees. If you are fine with a higher service fee, your New Mexico American Home Shield monthly cost will go down.
American Home Shield coverage is considered to be some of the best on the market. Most of the items under the plan are covered up to $2500. In addition, the add-on options for things like pools and spas are very impressive with the AHS policy. The most popular home system and appliances covered in the AHS plan are...
- Heating system
- Garbage DIsposal
What Customers Are Saying
“American Home Shield is a great company to work with. I have several rentals, so I have several separate contracts, and scheduling appointments is easy, and everyone is accommodating. One of the best investments I have ever made.” Source
3. Most Affordable: Select Home Warranty
Select Home Warranty is the most affordable home warranty in the state of New Mexico. Select Home Warranty has been on the market for nine years, and they have successfully provided affordable yet effective home warranty solutions for thousands of homeowners. The Select Home Warranty comes with free roof leak coverage, regardless of the plan that you choose. This is one of the best companies on the market for newer New Mexico homeowners that are concerned with the overall costs associated with owning a home; Select Home Warranty can help.
Impressive customer service
Lower policy limits
Clearly defined coverages and exclusions
Not great for high-end appliances and systems
High workmanship quality
Straightforward policy choices
Plans and Pricing
There are three Select Home Warranty policies, Gold Care, Bronze Care, and Platinum Care. The Platinum Care plan is the best deal for New Mexico homeowners. With the monthly fee being just a few dollars more but the coverage being almost double, it is no wonder why the Platinum Care plan is one of the most popular in New Mexico.
The one thing to keep an eye on with budget-type home warranties is the coverage caps. If the caps are lower, like there are with Select Home Warranty, the coverage for high-end appliances is not quite as good. Some of the coverages that New Mexico homeowners are taking advantage of as part of their plan include . . .
- Heating systems
- Ceiling fans
- Electrical systems
What Customers Are Saying
“on sat.12/7/20...I had a problem with an electrical outlet in a spare bedroom...living in Florida, not much of a winter. Still, cold weather was coming...so no heat in the room, on Sunday 12/8/20 called select a made a claim...was notified hours later of electric company coming the next day.....very professional was the person at select, and also the repairman.....bottom line..LOVE SELECT HOME WARRANTY.....” Source
4. Best Reviewed: Liberty Home Guard
The Liberty Home Guard plan is an excellent choice for those looking for a valuable and highly rated company in the state of New Mexico. Liberty Home Guard has had a quick and impressive launch in the home warranty industry. IN less than two years, this company has expanded across the United States and managed to maintain a BBB rating of an A. This is quite impressive in the home warranty industry. Customers like the number of covered items that Liberty Home Guard offers as part of their plan, as well as the overall speed of service.
BBB Rating of an A
Option plan choices are a bit higher in price
Overall fair pricing
The price increases quite a bit for comprehensive plans
60 Day workmanship guarantee
Add on coverage list is extensive
Plans and Pricing
Similar to Select Home Warranty, the Liberty Home Guard policies are the Appliance Guard, the Systems Guard, or the Total Home Guard. Total Home Guard is the best choice for a New Mexico home that will deal with various weather and climate conditions throughout the course of a year.
Total Home Guard
The Liberty Home Guard home warranty offers an excellent range of coverage options. The overall policy limits are fair, and the quick turnaround time makes this a really great newer policy for New Mexico homeowners. Many New Mexico homeowners choose Liberty Home Guard coverages such as . . .
- Garbage disposal
- Air Duct
- Water Heater
What Customers Are Saying:
“*********************** was so helpful! I am a first-time home buyer without a clue as to what I was doing! And he walked me through step by step to get a great plan for the best price!!! Amazing service! Thank you ******” Source
5. Best Coverage: First Premier Home Warranty
First Premier Home Warranty is the best home warranty for New Mexico residents looking for extensive coverage. When choosing between an appliance or system plan, you may feel as though you can’t get the coverage you need or want for your New Mexico home. The First Premier Home Warranty has put together a policy that gives you the highest number of covered items for the fairest price. The First Premier home warranty has a BBB rating of A- and is a new and modern company looking to make it in the industry. So far, they are proving that they have lots to offer to New Mexico residents.
BBB Rating of A-
Short time on the market
A newer company that is continually improving
Not everyone wants to pay upfront for the year
Low costs if you pay upfront
Modern technology and systems in place
Plans & Pricing
If you want to save quite a bit of money on your home warranty plan, take a look into the FIrst Premier pre-pay program. You can pay upfront for several years to help lower the overall costs of the plan. In addition, the $75 service fee helps to make this a very affordable and smart option for Michigan homeowners.
The Premier plan has more than 15 covered items, more than any other home warranties basic plan will have. The First Premier Home Warranty will work like a blanket that covers and protects almost your entire home. Don’t expect the coverage caps or limits to be as good with this plan, yet the overall value is impressive. Some of the coverages that New Mexico homeowners tend to take advantage of are . . .
- Water heater
- Plumbing system
What Customers Are Saying
“Filed a claim over the weekend. The first premier had someone out Sunday morning and approved my claim that same day for a new dishwasher. Thank you, guys.”Source
6. Best Workmanship: Cinch Home Services
The Cinch Home Services warranty offers the best workmanship for a New Mexico homeowner. Cinch Home Services has more than 40 years of experience in the home warranty industry. They have established that the workmanship and quality of repair coming from Cinch Home Service will be better than others on the market. The 180-day workmanship guarantee offered by Cinch is something that shows you the confidence they have in their repair technicians and contractors.
Long history in the home warranty business
Higher service fees
180-day workmanship guarantee
Negative customer reviews
Moderately priced plans to choose from
Plans and Pricing
The Cinch Home Services monthly fees are lower in price, but the service fees are higher. Part of getting excellent workmanship means paying a higher service fee for Cinch to bring in the top specialists.
Built-In System plan
Complete Home Plan
The Cinch Home Services company has over 40 years of history in the home warranty industry; they know how to provide a great deal of coverage for a very fair price. The coverage caps on the Cinch plan are fair but not as high as Choice or American Home Shield. Some of the most popular coverages for New Mexico homeowners under the Cinch Home Services policies include . . .
- Septic tank
- Sump Pump
- Ice Maker
- Plumbing System
What Customers Are Saying
“Always fast, excellent service. I've never had a bad experience. Service people who come out are always fast and on time and get the job done right the first time.” ” Source
What You Should Consider Before Buying A Home Warranty in New Mexico
Now that you have a better idea of which home warranty policies are the best for New Mexico homeowners, it’s time to narrow down which of these plans will be the smartest match for your home. There are a few ways that you can compare one home warranty plan to another, and three of the most important are the plan choices, service fees, and coverage caps. Let’s take a look to see how you can use these features to narrow down the best home warranty for your New Mexico home.
The plan choices for most companies will consist of an appliance plan, a systems plan, and a combo or comprehensive plan. For most New Mexico homeowners, the combo or comprehensive plan is going to be the smartest choice. With a combo plan, you can ensure that both systems and appliances in your home are properly protected. Take a walk around your home and see which items you want covered. Then find the policy plan choice that works best.
The service fees are the prices that you will pay when a home warranty issue comes up. Every time you file a claim, a service fee will be paid. For many homeowners, the service fees are around $60 or so; for others, the pricing is closer to $150. Make sure to choose a policy with affordable service fees, as you will need to pay them to benefit from your policy.
Coverage caps are another critical factor in choosing a home warranty policy. Coverage caps are the most a plan will payout for a repair or replacement of anyone covered items. Great companies like Choice Home Warranty have coverage caps over $2000. This means that the value of your plan is significantly better with this coverage cap in place.
Home Warranty Tips for New Mexico Residents
New Mexico offers quite a few options when it comes to living situations. You can live in flat and dry areas like Alburqureue or Santa Fe. Or maybe move more towards the mountains or the hills. Regardless of if you live in Roswell, Deming, or Las Vegas, you will have to deal with some extremes in temperature.
The hot New Mexico summers make it difficult to keep a house cool and comfortable. HVAC coverage and adequate ductwork are important to stay comfortable throughout the New Mexico summers. These HVAC systems are expensive and will break down quite easily. Homeowners need to be aware of this and ensure that New Mexico residents are adequately protected.
In addition to the warm weather, areas like Taow, Red River, and Eagles Nest are going to have some very cold temperatures in the course of a year. These cold temperatures require the use of a heating system and a hot water heater to comfortably make it through until the weather warms up.
As you can see, for New Mexico homeowners, having a mix of appliance and system coverage will help ensure that your home and budget are protected. For those that live in rural New Mexico, the top policies will still offer coverage. They guarantee that there are service professionals and technicians in your area, even if it is more rural.
Check out this video below for more information on the real estate market in Albuquerque.
Home Warranty Regulations in New Mexico
Home warranties in Mexico are not as well regulated as some would like for them to be. However, this should not present a problem for New Mexico homeowners. As long as you are careful about reading real customer reviews and analyzing in-depth research in our reviews, you can pick a New Mexico home warranty with confidence. Be aware of new companies that have no real customer information. Some policies will seem too good to be true, and that could very well be the case.
Hopefully, you now feel that you can choose the best home warranty company New Mexico has to offer. Choice Home Warranty stands out as the best overall option on the market. With fair pricing, time in the industry, and a very simple and easy experience, the Choice Home Warranty plan will help homeowners that are nervous about this process. Choice is very easy to work with, and the fair pricing only seals the deal. Even with how great of a solution Choice is, we still recommend getting more than one quote for your New Mexico home warranty. With many companies offering new sign-up incentives, it makes sense to see what is out there.
Review Home Warranties Rating Methodology: How We Chose the Best Home Warranty Companies
At Review Home Warranties, we are committed to providing our readers with comprehensive and unbiased information on each provider that we review. Our methodology is a step-by-step process that ensures we maintain your trust through transparency and data that is backed-up through routine check-ins. When we picked our best home warranty companies, we reviewed and analyzed over 50 different companies. We then narrowed down our findings based on criteria that we find to be the most helpful for a homeowner in choosing a home warranty plan. Here is what our review process looks like:
- We call every home warranty provider, talking to sales agents and company representatives to gather accurate information on:
- Fine Print
- Plan Options
- Service Contract Details
- Customer Service
- Ratings and Reviews
- Add-On Options
- Additional Benefits
- We test the customer service, including factors such as wait times, friendliness, and problem-solving ability.
- We analyze the sample contracts and fine print from each brand we review. This allows us to break down the industry jargon, check for hidden stipulations, and see what is and isn’t covered so we can give readers straightforward information.
- We update all of this information on a continuous basis, storing it in a proprietary database that allows us to compare dozens of home warranty companies against each other.
From here we created a comprehensive, 100 point, rating scale based on the following factors:
- Plan options (25): Providers that offer more flexibility in their plans are rated higher.
- Coverage specifics (5): The more items covered in a home warranty plan, the higher the score.
- Pricing (25): We take the monthly fee and service fee into consideration when rating pricing.
- Trustworthiness (25): We comb through hundreds of reviews and check on BBB ratings to determine the trustworthiness of a company.
- State availability (5): Finding coverage in your state can be a challenge if home warranty companies aren’t located there. The more states covered, the higher the score.
- Customer service (10): Is this home warranty company responsive? Do they respond quickly to claims filed? Are they helpful in answering questions? All of these factors are considered when rating customer service.
- Additional benefits (5): Home warranty companies will typically offer special promotions or benefits for signing up for their services. The companies with the most benefit scored higher.
Of the 50 different companies that we’ve reviewed, we've broken down the seven best providers for home warranty coverage. To keep our ratings and data current, we have a full-time researcher who collects (and regularly updates) more than 100 specific data points from each company to help us compare them on key factors such as coverage, cost, service, and dependability. This list is ever-changing, as companies will update policies and procedures, and we will change our information accordingly.
Resources for New Mexico Homeowners and Home Buyers
- New Mexico Mortgage Finance Authority: Most new Mexico homeowners will need a mortgage at some point in their homeownership process. If you are looking for current rates, assistance, or access to programs, the New Mexico Morgage Finance Authority can help.
- Homeownership Assistance New Mexico: The US Department of Housing and Urban Development can help New Mexico homeowners who are considering purchasing a home or who are trying to stay in their home during a difficult economic time. This is a federal agency that can offer assistance throughout the United States.
- Rural Housing Development New Mexico: Even though people often associate New Mexico with Las Vegas, many areas of the state are considered rural. If you are looking for a bit of help in affording or maintaining a rural New Mexico property, this is the best resource.
- Native American Homeownership Program: There is a large population of Native Americans in New Mexico that are looking for affordable and accurate resources for homebuying. The Native American Homeownership program can be a tremendous resource.
- Albuquerque Home Buying Program: If you find that Albuquerque is the best location for you in New Mexico, then the Albuquerque Buying Program is one of the most important options to consider. These programs are fairly priced and they help lower-income families get into the home of their dreams.