Home Warranty Prices: What you Need to Know in 2024

Looking for the best home warranty plan that will give you the most bang for your buck? Home warranty prices vary depending on the provider and the plan. They cost more depending on the amount of coverage you get. This doesn’t mean, though, that a new home warranty cost will break the bank. There are affordable plans out there.

Choosing the Right Home Warranty Plan

A home warranty is a service contract that covers the cost of repairs and replacement of your home’s systems and appliances when they break down over time from normal wear and tear. For example, if you have a breakdown in your home’s plumbing, you would file a claim with your home warranty provider. If the plumbing issue is covered by your plan, the provider would send a technician out to diagnose the problem and complete all the necessary repairs. 

A home warranty cost includes your monthly premium and per-service fee for each repair. Liberty Home Guard offers flexible payment plans. Some customers choose a month-to-month plan while others choose a multi-year plan. You will save more if you go with a multi-year plan. The best home warranty plan will not only offer you options like this, but also have customizable plans that enable you to get the coverage you need for your home. Liberty Home Guard understands that each home is unique.

The Average Cost of a Home Warranty

Home warranty prices depend on the provider and the coverage included in the plan. The average monthly cost can start as low as $40/month. At Liberty Home Guard, we start as low as around $1/day and on average our plans can cost as little as $400/year. Typically the more years of protection in your plan, the lower the monthly premium. Liberty Home Guard has 3 major plans to choose from -- the Appliance Guard, the Systems Guard, and the Total Home Guard plan. Our Total Home Guard plan is our most comprehensive and most economical plan.

A Liberty Home Guard Systems Guard plan will cover these home systems:

• Heating

• Air conditioning

• Ductwork

• Plumbing

• Electrical

• Water heaters

A Liberty Home Guard Appliance Guard plan will cover these appliances:

• Washer

• Dryer

• Refrigerator

• Built-in microwave ovens

• Dishwashers

• Garbage disposals

• Ovens

• Ceiling and exhaust fans

• Garage door openers

A Total Home Guard plan is a combination of the Appliance Guard and Systems Guard plans. Liberty Home Guard offers optional add-on coverage to any of these plans. In fact, we offer the most optional add-ons in the industry because we strive to meet our customer’s needs. 

Some add-ons include:

• Septic system pumping

• Pool and spa

• Roof leaks

• Plumbing fixtures

• Electronics

• Gutter cleaning

• Re-key

• Reverse osmosis water filter system

This list is not exhaustive. Every plan at Liberty Home Guard is customizable. 

Home Warranty Frequently Asked Questions

1. What is the difference between a home warranty and homeowners insurance?

A home warranty is sometimes called different things, such as home repair insurance or home appliance insurance. The names can vary, but most home service providers will refer to this type of coverage as a home warranty. 

A home warranty is not to be confused with homeowners insurance. Homeowners insurance provides coverage if natural disaster or theft hits. A home warranty, on the other hand, provides coverage when your home systems and appliances break down from normal wear and tear.

Neither a home warranty or homeowners insurance are likely to cover breakdowns caused by manhandling, improper installation, or damages of a cosmetic nature, such as a crack in the porcelain of your toilet.

2. What is the cost of the best home warranty?

The cost of a home warranty really depends on the location of your home and the type of coverage you’re looking for. Home warranty prices will increase with the more coverage you get. It’s hard to predict if you will be spending $200 per month or $40 per month. The best way to determine the most affordable plan is to do your research. Call different home warranty providers and read sample policies. In the end, super low prices do not always translate to the most value. However, there may be a cheap home warranty that can still meet your needs.You don’t have to break the bank on your house warranty coverage.

3. What restrictions apply to a home warranty?

Every home warranty has restrictions. It’s best to check with each provider about these. Most home warranties will have a fee cap on the cost of repairs provided each year. Additionally, each home appliance and system has specific repairs or replacement parts that may not be covered in your plan. For example, Liberty Home Guard will cover the cost of repairs related to restoring the functionality of an appliance and replacement parts for this, but not necessarily the mechanical parts, such as door hinges, that break down from overuse or manhandling. It’s imperative to read a sample policy from your home warranty provider before you sign on to any plan.

4. Can I use my own technician with a home warranty?

The quick answer to this question is it depends. Most home warranty providers will only let you use your own technician under extenuating circumstances. One of the benefits of a home warranty is that they connect homeowners to a network of technicians, therefore alleviating homeowners the task of finding and vetting their own technician. Not all home warranty providers promise high quality workmanship, though. Liberty Home Guard does. We vet all our technicians and make sure all are licensed. All repairs come with a 60-day workmanship guarantee.

5. Do I need a home warranty for my new appliances?

Most new appliances come with a limited warranty from the manufacturer. In some cases you can even purchase an extended manufacturer warranty for the appliance. A home warranty, though, offers more comprehensive coverage. In the end, you will get more bang for your buck with a home warranty that covers multiple home systems and appliances. New appliances will break down most likely after the manufacturer’s warranty has expired, so they can benefit from home warranty coverage in the long run.

6. What if something in my home needs coverage and is not included in the home warranty plan?

We offer customizable plans at Liberty Home Guard. We have a comprehensive list of add-ons that can be included in any plan. Our current list is based on customer feedback and needs. Let us know what you would like covered.

7. What if I want to cancel my home warranty or what if I move?

No home warranty provider can lock you into a plan. Each provider has their own cancellation policy. At Liberty Home Guard, you can cancel your plan, transfer it to someone else if you sell your home, or you can take your home warranty with you to your new home.

A feature of the Liberty Home Guard plan is that there is an easy-to-use online customer portal available for policy holders. This means you can easily go into your account to file claims and adjust coverage as needed.

8. Why is Liberty Home Guard the #1 Home Warranty Company in America?

U.S. News & World Report rated Liberty Home Guard the #1 Home Warranty Company in America. We received this rating because we are the most reliable and always provide the highest quality workmanship.

Here are some other reasons:

• We only work with licensed technicians

• We offer the most customizable plans in the industry

• We have unparalleled customer service - check our reviews

• We are available 24/7 online or by phone

• We offer competitive pricing and flexible payment options

Liberty Home Guard offers an affordable home warranty with the highest value. We promise to protect your home and make home repairs easy.  You can start with a plan at just $1/day. Contact our customer support team at (866) 225 - 7958 for a quote on a plan or if you have more questions. The best way to find a price for the best home warranty is to begin by asking questions.