Understanding How Much Home Warranty Cost and What It Covers

Introduction to Home Warranty Costs

When considering a home warranty, understanding the costs involved is crucial. A home warranty typically covers the repair or replacement of home appliances and systems that break down due to normal wear and tear. But how much should you expect to pay?

Factors Influencing Home Warranty Costs

Coverage and Customization

The cost of a home warranty can vary significantly based on the level of coverage you choose. Basic plans may cover essential systems such as plumbing and electrical, while more comprehensive plans might include additional coverage for appliances, pools, or even home warranty irrigation system setups.

Location and Home Size

Where you live and the size of your home can also impact the cost. Larger homes or homes in regions with a higher cost of living may see higher premium rates.

Service Call Fees

In addition to the annual premium, home warranties often include a service call fee. This is the amount you'll pay each time a technician visits your home to diagnose a problem.

Average Cost of Home Warranties

Basic Plans: Typically range from $300 to $600 per year.
Comprehensive Plans: Can range from $600 to $1,200 annually, depending on the services included.
Service Fees: Usually range from $50 to $100 per visit.

Ways to Save on Home Warranty Costs

Compare multiple providers to find the best price and coverage.
Consider bundling your warranty with home warranty insurance price for possible discounts.
Evaluate if you need all the coverage options or if a basic plan is sufficient.