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What is the average cost of a home warranty?
A home warranty costs between $350 and $600 on average. According to BankRate.com, most home warranties are around $400 for basic coverage, but cover over $20,000 worth of a home's systems and appliances.
How much does a home warranty cost?
Home Warranty Cost. For basic home warranty coverage, plans average from $350 to $600 per year. For extended coverage, warranties add $100 to $500 per year, depending on the number and types of items added.
How much does a home warranty cost per month?
While your average home warranty cost will range between $300 to $600 per year, it typically covers over $20,000 worth of appliances and systems in your home. Spending $25-$50 per month is a fairly inexpensive price to pay for your peace of mind if you have appliances or systems that are at risk of breaking down.
Are home warranty plans worth it?
Are Home Warranties Worth the Cost? ... The cost of buying a home warranty is around $300 to $600 a year for a basic plan, with higher prices for more comprehensive plans or if your home is larger than average. In some cases, a home warranty can help you save substantially on expensive home repair services.
How much is a 5-year home warranty?
The cost of a home warranty ranges from $350 to $600 a year more if you want enhanced coverage for such things as washers and dryers, pools and septic systems. In addition to the annual premium, expect to pay a fee for service calls anywhere from $50 to $125, depending on the type of contract you purchase.
How much does AHS home warranty cost?
Compare cost While yearly fees do vary by plan, on average, Choice Home Warranty costs $450 and American Home Shield costs $600. Both companies have service call fees starting at $75 per visit.
Is it worth it to have home warranty?
Home warranty cost Another big factor in deciding if a home warranty is worth buying is its cost. Basic coverage can start at about $300 and go up to $600 or more. Some home warranties charge for a service call, such as $75 or so, while others allow unlimited service calls.
Is it worth having home warranty?
Are Home Warranties Worth the Cost? ... In some cases, a home warranty can help you save substantially on expensive home repair services. However, if the warranty doesn't cover your claims, or you don't need any repairs during the warranty period, you may feel that you wasted money invested in a home warranty program.
How long is a home warranty good for?
With a resale house, the home seller may provide a home warranty as part of an incentive package to reassure the buyer that repairs and replacement of existing appliances and equipment included in the home will be covered. The duration of coverage can run from one month to one year from the date of closing.
Which home warranty is the best?
Best Overall: AFC Home Club (America's 1st Choice) ...
Best for Deductible Options: America's Preferred Home Warranty, Inc. ...
Best for Plan Selection: Complete Protection. ...
Best for Western U.S. States: Landmark Home Warranty. ...
Best for Reputation: American Home Shield. ...
Best for Real Estate Agents: HSA Home Warranty.
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