Owning a home comes with many responsibilities, and unexpected repairs can quickly become expensive. A reliable home warranty can provide peace of mind by covering the cost of repairing or replacing major systems and appliances. If you’re looking for the best home warranty companies in 2024, this guide will help you compare top providers, their coverage options, pricing, and customer service ratings.
Whether you’re a new homeowner or want to protect your current home, choosing the right home warranty company ensures you won’t be caught off guard by costly repairs.
What Is a Home Warranty?
A home warranty is a service contract that covers repair or replacement costs of home systems and appliances due to normal wear and tear. Unlike homeowners insurance, which protects against damage from events like fires or floods, a home warranty focuses on day-to-day breakdowns of:
- HVAC systems (heating, ventilation, and air conditioning)
- Plumbing and electrical systems
- Kitchen appliances like refrigerators, ovens, and dishwashers
- Water heaters, washers, and dryers
For an annual fee plus service call charges, a home warranty can save thousands on unexpected repairs.
Why You Need a Home Warranty
- Budget protection: Avoid surprise repair bills that can disrupt your finances.
- Convenience: The warranty company coordinates service calls and repairs for you.
- Peace of mind: Particularly valuable for buyers of older homes or those with aging appliances.
- Increase resale value: Some warranties transfer to the next owner, adding appeal.
Criteria for Choosing the Best Home Warranty Company
When selecting a home warranty company, consider:
- Coverage options: Comprehensive plans covering key systems and appliances.
- Service fees and pricing: Transparent fees, reasonable annual premiums, and affordable service call charges.
- Customer service: Easy claims process, responsive support, and quality workmanship.
- Company reputation: Positive reviews and high ratings from customers and industry experts.
- Flexibility: Optional add-ons and customizable plans.
- Contract terms: Clear contract terms, cancellation policies, and coverage limits.
Top 5 Best Home Warranty Companies in 2024
1. American Home Shield (AHS)
Overview: American Home Shield is one of the largest and most well-established home warranty providers in the U.S., serving millions of customers since 1971.
Why it’s great:
- Offers customizable plans including coverage for systems, appliances, or both.
- Optional add-ons such as pool/spa coverage and enhanced HVAC protection.
- 24/7 customer service and a nationwide network of vetted contractors.
- Transparent pricing with plans starting around $65/month.
- High customer satisfaction with an easy claims process.
Ideal for: Homeowners seeking a trusted, nationwide provider with flexible options.
2. Choice Home Warranty
Overview: Known for affordable pricing and comprehensive coverage, Choice Home Warranty is popular among budget-conscious homeowners.
Why it’s great:
- Plans starting as low as $49/month.
- Covers major home systems and appliances including washers, dryers, and refrigerators.
- Free roof leak coverage included with all plans.
- Simple claims process and quick repair turnaround.
- Flexible service fees ranging from $75 to $125.
Ideal for: Those seeking affordable coverage without sacrificing essential protections.
3. Select Home Warranty
Overview: Select Home Warranty is known for competitive pricing and excellent customer service.
Why it’s great:
- Comprehensive coverage plans starting at $44/month.
- Includes additional benefits like mold coverage and roof leaks.
- 24/7 claims submission and responsive customer support.
- Option to buy a month-to-month plan with no long-term contract.
- Service fees between $60-$85 per visit.
Ideal for: Homeowners wanting affordable, no-contract coverage with added perks.
4. Cinch Home Services
Overview: Cinch Home Services offers broad coverage and access to licensed contractors across the U.S.
Why it’s great:
- Offers a 180-day workmanship guarantee on repairs.
- Provides free roof leak coverage on select plans.
- Plans include home systems and appliances with customizable options.
- Nationwide network and online claims tracking.
- Transparent fees and no hidden costs.
Ideal for: Those wanting a warranty backed by a workmanship guarantee and solid customer support.
5. First American Home Warranty
Overview: First American Home Warranty provides comprehensive plans with good add-on coverage.
Why it’s great:
- Includes coverage for appliances, home systems, and optional extras like pools and spas.
- 24/7 claims service with a strong reputation for quick repairs.
- Offers discounts for multi-year contracts.
- Plans start at competitive rates with reasonable service fees.
- Focuses on excellent customer relations.
Ideal for: Homeowners looking for reliable coverage with multiple add-on choices.
Additional Tips for Choosing a Home Warranty Company
- Read the fine print: Understand what’s covered, exclusions, and limits.
- Check reviews: Look for recent customer feedback on sites like Better Business Bureau (BBB), Consumer Affairs, and Trustpilot.
- Ask about contractor selection: Ensure the company uses licensed, insured professionals.
- Compare plans: Don’t just pick the cheapest plan—consider coverage breadth and customer service quality.
- Look for trial periods: Some companies offer a money-back guarantee if you cancel within a certain time.
How to File a Home Warranty Claim
- Contact your home warranty company: Call their claims hotline or use their online portal.
- Pay the service fee: This covers the contractor’s visit and is usually $60-$125.
- Schedule an inspection: The company will send a licensed technician to diagnose the problem.
- Authorize repairs: If covered, the company pays for the repair or replacement minus your service fee.
- Follow up: Keep communication open if you encounter delays or issues.
Conclusion
Choosing the best home warranty company in 2024 depends on your home’s needs, budget, and preferred level of coverage. Whether you prioritize affordability, customer service, or extensive protection, the companies listed here—American Home Shield, Choice Home Warranty, Select Home Warranty, Cinch Home Services, and First American Home Warranty—offer reliable options to protect your home investment.
Investing in a quality home warranty can save you from unexpected repair costs and give you peace of mind knowing your home systems and appliances are covered. Before committing, carefully compare plans, read customer reviews, and ensure the contract aligns with your needs.