Breaking Down the Cost of Home Warranty Plans On 2024 in USA!



When you own a home, you’re financially responsible when something breaks. One way to protect your wallet is to purchase a home warranty plans USA from a home warranty insurance company in USA.

Below is everything you need to know about home warranties, including whether the cost of a home warranty is worth paying.

Home warranty insurance company in USA offer a variety of plans and coverage levels. The plan you select will depend on your home and personal needs. In most cases, you’ll encounter three types of home warranty plans:

·         System plans

·         Appliance plans

·         Combination plans

·         You can also pay for optional warranty add-ons. This additional coverage can be beneficial if you have a pool, hot tub, well pump or other complex home systems.

 

How Much Does A Home Warranty Cost?

Home warranty cost depends on several factors, including a home’s location, the selected coverage plan and its service fee.

 

Some home warranty insurance company in USA let you customize your premium and service call fees based on an estimated number of claims. To get the best home warranty plans USA at the best price, shop around and collect home warranty quotes from multiple reputable home warranty companies.

 

Key takeaways:

·         Home warranty costs vary, ranging from $423 to $892 annually, influenced by factors like location, house size, and coverage selection.

·         Different companies have unique pricing strategies, deductible levels, and state-specific offers, impacting overall costs.

·         The industry has grown by 5.6% annually from 2017 to 2024, indicating increasing value in home warranty plans USA.

·         The total cost is influenced by home size and type, coverage selection, monthly payments and deductibles, and plan add-ons.

·         Additional coverage for items like pools or specific systems increases the cost.

·         Factors like home size, personal repair skills, and the desire for peace of mind should guide the choice of home warranty coverage.

·         The average basic home warranty prices range from $350 to 600 per year and extended coverage add $100 to $500 to that yearly figure. Each repair has a service fee that usually ranges from $50 to $100 per visit.

 

For example, Elite Home Warranty insurance company in USA’s cost and facts:

 

·         Monthly cost: $50–$80

·         Service fees: $75

·         Better Business Bureau (BBB) rating: A+

·         Availability: 47 states (excludes California, Texas and Wisconsin)

·         Plan options: 3

·         Averaged pricing for each plan.


1.       Elite Appliances: $50

2.       Elite Systems: $60

3.       Elite Complete: $90

·         Charges a $75 service fee, which is industry-competitive

·         Charges a separate fee of $150 if you need premium appliance repairs and or weekend service

·         Elite lets you browse state-specific service contracts without submitting your home address or contact information, which can help when you’re in the early stages of comparison.

·         If you change your mind during the first 30 days of your policy, Elite’s money-back guarantee will issue you a full refund.

·         If a bundled plan doesn’t suit your needs, you can purchase coverage for individual systems and appliances.

Although the cost of a home warranty plan USA can seem like an added expense, appliance repair costs can set you and your budget back way more. Sometimes, it’s better to be proactive and get home warranty plans USA to avoid hefty unexpected expenses when your appliances and repairs stop working.

Location: United States

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