The 5 Best Home Appliance Insurance Companies (2022)

Home appliance insurance—also called a home warranty—is an annual service contract that covers expensive repair and replacement costs and protects major home appliances and systems when they break down due to normal wear and tear. It’s different from traditional homeowners insurance in that a home appliance insurance policy covers major home items instead of covering damage done to the structure of your home.

Finding the best home appliance insurance provider will protect your home from unwanted and expensive appliance maintenance. Home appliances insurance coverage can be a lifesaver if you don’t have an emergency budget for unexpected home repairs. It could provide peace of mind that you’d be covered and receive professional service promptly if something were to break down. Read on to learn more about what a home warranty is and how it can help you save.

The Top Appliance Insurance Providers (2022)

Top 5 Best Home Appliance Insurance Companies of 2022

• Choice Home Warranty (Best Overall)
• Select Home Warranty (Most Cost-effective)
• American Home Shield (Most Customizable)
• The Home Service Club (Quickest Coverage)
• Liberty Home Guard (Most Trustworthy)

1. Choice Home Warranty

Choice Home Warranty is one of the best home warranty providers with over 11 years of experience in the industry and a B rating from the Better Business Bureau (BBB). It offers comprehensive coverage at competitive pricing with two plans and plenty of optional add-ons. The Basic Plan and the Total Home Plan have ample coverage on appliances, including a dishwasher, oven, microwave, toilet, garbage disposal, dryer, washer, refrigerator, and more. Choice Home Warranty’s plans also cover the major home systems as a bonus. Choice Home Warranty has a reputation for having excellent customer support, simple claims processes, and unbeatable coverage. 

Choice Home Warranty’s Pros and Cons

Plans & Pricing

Choice Home Warranty offers two plans: the Basic Plan and the Total Plan. The Basic Plan covers 14 essential home appliances and systems, and the more comprehensive Total Plan covers those 14 major appliances and systems plus four additional important ones. Both plans come with an $85 service fee and run under $55 per month. Although this service call fee may seem high, the lower premiums combine with broad coverage justify the price. 

Choice Home Warranty’s plan options:

• The Basic Plan: This plan covers 13 systems and appliances, including microwave, ceiling fans, plumbing system, cooktop exhaust fans, heating system, dishwasher, garage door opener, ductwork, ductwork, electrical system, oven, toilet, water heater, and garbage disposal.
• The Total Plan: This plan covers all 13 appliances and systems included in the basic plan plus coverage on four more items: air conditioning, washer, dryer, and refrigerator.
• Add-ons: septic tank and system, spa, sump pump, central vacuum, well pump, pool, roof leak, and stand-alone freezer.

CHW Appliance Insurance

The home’s major home appliances are covered under Choice Home Warranty’s plans, including the washing machine, dryer, refrigerator, cooktop, oven, and microwaves. The Total Home Plan is better for home appliance coverage because it includes three more appliances added to the Basic Plan coverage items. Choice also has some generous annual coverage limits up to $3,000 on all included appliances.

To get a free quote from Choice Home Warranty, fill out this online form or call 929-400-6164.

For more information, read our Choice Home Warranty Review.

2. Select Home Warranty

Select Home Warranty has over nine years of experience in the home warranty industry and has landed a B rating with the BBB. Select Home Warranty offers its customers three plans: a definitive plan for appliances, a systems-only policy, and a combo plan. Select’s low monthly premiums combined with an industry-low service fee land Select Home Warranty among the most inexpensive home warranties in the country. You can get appliance coverage on the Bronze Care and Platinum Care plans. In terms of affordability, the Bronze Care appliance-only plan is one of the cheapest on the market. 

Select Home Warranty’s Pros and Cons

Plans & Pricing

The three plans offered by Select Home Warranty are the Bronze Care plan, the Gold Care Plan, and the Platinum Care plan. The Bronze Care plan covers your major home appliances, and the Gold Care plan covers home systems. Still, the Platinum Care plan is a comprehensive warranty that covers both home appliances and major home systems, plus three more items. The Bronze Care plan is an excellent option if you want just appliance coverage because it covers seven appliances for under $58 per month. Select Home Warranty also offers optional coverage on other items for an additional fee. The service fee of $60 is significantly lower than other providers offer.

Select Home Warranty’s plan options:

• Bronze Care: This plan covers seven significant appliances, including a dishwasher, microwave, garbage disposal, oven, refrigerator, clothes dryer, and clothes washer.
• Gold Care: This plan covers six essential systems of the home such as air conditioner, electrical, heating, ductwork, water heater, and plumbing.
• Platinum Care: This plan offers combo coverage. It includes all 13 items included in the other two plans, plus ceiling fans, garage door opener, and plumbing stoppages.
• Add-ons: sprinkler, pool, spa, septic, stand-alone freezer, central vacuum, well pump, sump pump, rook leaks

Select Appliance Insurance

The appliance plan, Bronze Care, comes with excellent appliance coverage. This plan covers all essential kitchen and laundry appliances, and each entity has a coverage cap of $500. Combined, you could save up to $3,500 on all your appliances in this plan. If you want to get more comprehensive coverage, the Platinum Plan is a fantastic option because it will also include systems. Either option will give you the home insurance for appliances you’re looking for at a low cost.

To get a free quote from Select Home Warranty, fill out this online form or call 888-370-3953.

Read our Select Home Warranty review to learn more.

3. American Home Shield

American Home Shield (AHS) is a veteran in the home warranty industry with over 50 years of experience as a home warranty provider. AHS offers three plans to provide comprehensive coverage of all major home appliances and systems with ample optional additional coverages. ShieldGold and ShieldPlatinum offer coverage on kitchen and laundry appliances with annual limits of up to $3,000 on some items. AHS also has customizable service fees to fit a home warranty plan into your monthly budget without added stress.

American Home Shield’s Pros and Cons

Plans & Pricing

AHS offers three different options for home warranty plans: ShieldSilver, which covers cooling and heating systems, electrical systems, and plumbing systems; ShieldGold, which includes the systems in ShieldSilver plus major kitchen and laundry appliances; and ShieldPlatinum, which covers all of ShieldSilver and ShieldGold plus roof leak repairs, a free annual HVAC tuneup, and higher coverage caps. ShieldPlatinum is the most popular plan because it offers comprehensive coverage for $44.99 per month. AHS’s three service call fees are $75, $100, and $125. Your monthly premium will change depending on the service fee you choose. 

AHS plan options: 

• ShieldSilver: This plan is a systems-only plan with 19 items covered. The included coverages are air conditioner, whole house fan, water heater, water dispenser, toilet, plumbing, plumbing stoppages, smoke alarm, attic fans, heating, locksmith, ceiling fans, bath exhaust, electrical, garage door opener, ductwork, doorbell, cooktop exhaust, and garbage disposal.
• ShieldGold: This plan covered 23 appliances and systems, including an air conditioner, clothes dryer, ceiling fans, clothes washer, whole house fan, bath exhaust, garage door opener, toilet, water heater, microwave, plumbing, plumbing stoppages, heating, smoke alarm, oven, attic fans, refrigerator, trash compactor, electrical, ductwork, doorbell, cooktop exhaust, and dishwasher.
• ShieldPlatinum: This plan covers all of the systems and appliances in ShieldGold and ShieldSilver to cover 27 systems and appliances. It features coverage on the 23 items in ShieldGold plus locksmith, roof leaks, garbage disposal, and water dispenser
• Add-ons: pool, spa, electronics, septic, well pump, guest unit

AHS Appliance Insurance

Homeowners who want just appliance coverage can go with ShieldGold or ShieldPlatinum. Each plan offers the same amount of appliance coverage, but ShieldPlatinum covers additional systems and roof leaks. Based on the $100 service fee, ShieldPlatinum would cost around $20 more per month than ShieldGold. If you need coverage on those additional items, it’s worth it to have your plan upgraded. American Home Shield offers high annual coverage limits on appliances at $3,000 per item. This is excellent coverage for home appliances, especially considering the number of things protected under a single plan.

To get a free quote from American Home Shield, fill out this online form or call 888-365-2839.

To read more, visit our American Home Shield review.

4. The Home Service Club

The Home Service Club is the best home appliance insurance company with quick coverage. Most home warranty companies in the industry will require a 30-day waiting period before your policy can begin. This is to prevent people from getting coverage on items that were broken before signing a contract. However, HSC wants its customers to know that this company has its back. The Home Service Club’s waiting period is only ten days, and the provider doesn’t require a home inspection before the policy start. HSC has appliances covered under each of its plans, and both come at a very affordable cost.

The Home Service Club’s Pros and Cons

Plans & Pricing

HSC has two plan options: The Standard Coverage Plan and the Comprehensive Coverage Plan. Each policy comes with home warranty protection exactly how its name sounds like it does. Standard Coverage is considered the ‘basic plan’ option, but it is anything but basic; It comes with coverage on 18 appliances and systems. Comprehensive Coverage is even broader and covers 27 total major systems and appliances. The Home Service Club has a few service fee options from $65-$95.

HSC’s plan options: 

• Standard Coverage: This plan features coverage on an air conditioner, water heater, ceiling fan, washer, dishwasher, central vacuum, dryer, garbage disposal, trash compactor, electrical system, refrigerator, food center, plumbing, free-standing ice maker, heating, garage door opener, oven, and microwave.
• Comprehensive Coverage: This plan covers all 18 items in the Standard plan plus nine more, including whole house fan, water dispenser, sump pump, plumbing stoppages, toilet, alarm wiring, doorbell, attic fans, ductwork, phone and pest control.
• Add-ons: stand-alone freezer, pump, well pump, roof leaks, water softener, spa, pool, Utilities, and Home Service Line Coverage (gas line, water line, sewer line, sprinkler system)

HSC Appliance Insurance

The Standard Coverage plan from HSC covers most of the essential appliances in the home. However, the Comprehensive Coverage Plan would be the best option if you’re looking for a few extra coverages, such as pest control, phone, or smoke alarms. The appliances covered by HSC come with annual coverage limits of $400-$800 per contract term. This is fair considering the lower-priced premiums. If you want coverage on some extra appliances like a stand-alone freezer or water softener, you can add them to your plan for an additional cost.

To get a free quote from The Home Service Club, fill out this online form.

Read more at our The Home Service Club Review.

5. Liberty Home Guard

Liberty Home Guard is the most trustworthy home warranty company that provides home appliance insurance. This company has been on the market for less than four years, but in that time, it has managed to earn several thousand positive reviews and an A rating from the BBB. Customers love that Liberty has quick response times and low claim denial rates, proving this company commits to its customers. The three plan options from Liberty Home Guard are comprehensive, yet they come at a slightly higher price than most home warranty policies. Nonetheless, Liberty is an excellent choice if looking for home appliance coverage.

Liberty Home Guard’s Pros and Cons

Plans & Pricing

Liberty Home Guard has three plan options: Appliance Guard, Systems Guard, and Total Home Guard. Appliance Guard covers 11 appliances, Systems Guard covers nine systems, and Total Home Guard combines the two plans to cover 20 major home appliances and systems. The pricing of these plans runs a bit higher than home warranty policies typically offered by other providers. Liberty Home Guard has a more affordable service fee of $75 per visit.

Liberty’s plan options: 

• Appliance Guard: This plan covers 11 appliances, including ceiling fans, cooktop exhaust fans, garbage disposal, dishwasher, dryer, garage door, microwave, oven, refrigerator, refrigerator ice maker, and washer.
• Systems Guard: This plan features coverage on nine systems which are A/C, bath exhaust fans, ductwork, electrical, heating system, plumbing, plumbing stoppages, toilet, and water heater.
• Total Home Guard: This plan combines Appliance Guard and Systems Guard to cover all 20 appliances and systems. It only costs $5 more than Systems Guard, so it is the best value plan from LHG.
• Add-ons: pool, saltwater pool, spa, TV, PC, pump, generator, free-standing ice maker, septic tank pumping, roof leaks, pest control, water softener, well pump, wine refrigerator, septic system, lawn sprinkler, locksmith, trash compactor, sump pump, central vacuum, stand-alone freezer, water dispenser.

*Prices reflect the discount for House Method Readers and a home under 5,000 sq. ft.

Liberty Home Guard Appliance Insurance

Appliance Guard offers excellent home appliance insurance. With 11 appliances covered for under $50 per month, Liberty is one of the best appliance warranty companies on the market. However, if you’re looking to have a little more comprehensive coverage, the Total Home Guard is an equally good policy for appliance insurance. You can also add several appliance add-ons to make either plan broader. All of the appliances included come with an annual limit of up to $1,600. This means that with the Appliance Guard plan, you could get coverage up to $17,600 per year.

To get a free quote from Liberty Home Guard, fill out this online form or call 866-451-2281.

Read more at our Liberty Home Guard Review.

What is Insurance for Appliances?

Appliance insurance, or a “home warranty,” is a service contract agreement that will cover the costs to repair or replace your appliances when they inevitably break down. When a refrigerator, washer, or oven has a breakdown, repair or replacement costs range from several hundred to a couple of thousand dollars. With a home warranty in place, you will only have to pay a service fee when a major appliance has a breakdown. Home appliance insurance can save you money and offer you some peace of mind that you won’t have to pull from your saving to cover home maintenance.

What Does Home Appliance Insurance Cover?

Here are some common major appliances that are covered under home appliance insurance:

Home Warranty providers typically offer warranty policies covering home systems and major home appliances. The protected systems are air conditioning, heating, ductwork, plumbing, and electrical. Most home warranty companies have three levels of coverage options—a basic appliances plan that covers appliances and major systems, a combo plan that includes additional coverage like a Whirlpool bathtub or a clothes washer and dryer, and optional add-on coverage for special features like a pool, spa, or guest house.

What Home Appliance Insurance Does Not Cover

As seen in the table above, most home warranty policies will set limits on repairs and replacements at a specific dollar amount. For example, your home warranty company may pay for a refrigerator replacement up to $1,306, leaving you to pay for the remaining $620.

Home warranty policies typically have a set of exclusions outlined in the service contract. Before purchasing home appliance insurance, schedule a home inspection and have your house evaluated by a real estate agent to ensure that your systems and appliances are functioning and in good working condition. You’ll also want to read your contract’s terms and conditions and make sure you know how much your warranty company will pay for covered services. Regardless of what home appliance plan you choose, typical things not covered are

• appliances with an active manufacturer warranty
• pre-existing conditions
• pest damage
• negligence
• misuse
• inadequate maintenance
• cosmetic damages
• improper installation

How Much Does Appliance Insurance Cost?

Depending on the appliance insurance coverage you purchase, a typical appliance insurance plan will cost $25 and $67 per month. You can expect to pay upwards of $50–$75 per month for more comprehensive plans. In addition to this monthly premium, you’ll likely pay a trade service call fee, or deductible, that ranges between $75–$125 whenever you contact the home warranty company for a home service.

The overall cost of your home appliance insurance will vary by state, the company you purchase coverage from, and the level of coverage you are buying. Note: the size and age of your home, appliances, and systems should not affect coverage or costs unless you live in a brand new home, which should be covered by a builder’s warranty, or a house that’s larger than 5,000 square feet.

Compare Home Warranty Prices and Appliance Repair Costs

Watch this video for more information on how much appliances cost to repair. Many kitchen and laundry appliances can cost upwards of $2,000 for a replacement, but a home warranty policy can save you money by only requiring the service fee for the repair. You may see the entire return on a cost of a home warranty policy in as little as one repair or replacement.

How to Find the Best Appliance Insurance Companies

Before buying insurance for appliances in your home, there are various factors to consider, such as home warranty coverage, pricing, customer service, and more. Here are a few factors to consider when searching for a home protection plan:

Type of coverage

Think about whether you want to cover just systems, just appliances, or a combination of both. A home appliance insurance company will likely provide appliance-only, systems-only, and combination plans to meet your coverage needs. Some home warranty providers consider a few appliances add-ons and will require an extra fee for it to be a part of your home warranty plan. Keep in mind what items are most important to you when looking through the coverages.

Coverage limits

Your home warranty provider will likely have coverage limits, or coverage caps, on certain appliances and systems in your home warranty contract. Once this limit is reached, you’ll be responsible for paying the remaining costs for either a repair or replacement. Coverage limits for appliances range anywhere from $400-$3,000. The price ceiling usually depends on how much you’re paying monthly and how many items are included in the coverage. 

Pricing

The cost of monthly premiums and service call fees will vary by provider. We recommend Select Home Warranty for its affordable premiums and service fee if you’re on more budget. However, American Home Shield may be a good option if you want more comprehensive coverage and have a little more room in your budget. Typically monthly premiums range from $35-55 for a plan that only covers either appliances or systems. Comprehensive combo plans typically run from $50-$70 per month. 

Claims process

Most home warranty providers will approve claims within 24–48 hours of receiving one. Though this is pretty standard, not all companies follow this timeframe, and some will wait as long as four days to send a technician out to your home. Most companies have an online claims portal that will help make the process easier. This platform usually allows you to track the status of your claim, future appointments, assigned contractors, payment information, and more. 

Compare Home Appliance Insurance Companies

Before buying a policy from one of the best appliance warranty companies, you should compare different home warranty companies and ensure that you’re comfortable with the one you select. To save you time, House Method’s experts researched for you. We called some of the best home warranty companies, asked them the tough questions, and negotiated prices to determine how low they would go. 

How Does Home Appliance Insurance Work?

1. A Covered Appliance has a Breakdown

Sometimes appliances and systems in your home stop working without warning. You’ll want a fix as quickly as possible, and will a home warranty in place, you’ll be able to get help right away.

2. File a Claim

Call your home warranty company’s customer service line or file a claim online. Some companies may not accept claims if the appliance or system isn’t covered by your home warranty plan or was subject to code violations, improper installation, or unusual wear and tear.

3. Contractor is Hired

Once customer service approves the claim, the home warranty company will hire a local contractor to make an assessment or allow you to choose your own trusted contractor. 

The service technician will call you to schedule a time to either repair or replace your broken system or appliance. This process usually takes around 24-48 hours.

4. Pay the Service Fee

You’ll only have to pay a small service fee to the contractor when they arrive at your home. Before purchasing a home warranty plan, ask your provider if you’ll be charged service fees for every repeat visit or if repairs are guaranteed for a window of time—usually 30 to 90 days. Every home warranty provider requires service fees in the U.S. It’s often much less than what you would pay out of pocket for the cost.

5. The Appliance is Fixed

Once an appointment is made, the service provider diagnoses the problem and recommends repairing or replacing the item. If a repair is necessary, the technician will typically fix it during the first visit. If a replacement is necessary, you’ll likely have to schedule another appointment for the technician to come back and reinstall the appliance or system.

Note: Most home warranty companies aim to schedule service within 48 hours of receiving your claim; however, this process can take longer on weekends and holidays. Since it may take a couple of days to dispatch a licensed contractor to your home, contact your home warranty company when you notice an issue with your system or appliance.

Do You Need Insurance for your Appliances?

While homeowner appliance insurance isn’t mandatory, it gives homeowners peace of mind against costly repairs and replacements. It’s a given that systems and appliances will wear down and break over time, so we recommend home appliance insurance coverage for anybody who owns a home.

In particular, the following groups of people will benefit from a home warranty:

• First-time home buyers—If you’re strapped for cash, invest $30 a month in a basic home warranty plan.
• Homeowners of older homes—Most home warranties will cover systems and appliances regardless of age, as long as they are properly installed and sufficiently maintained.
• Home sellers—Sellers can use a home warranty to expedite closing. At closing, sellers often transfer the home warranty to the buyers, covering their repairs for the first year.
• Realtors—Listing agents will enjoy the assurance that repairs will be taken care of while the house is for sale.
• Rental property owners—Rental property owners can streamline maintenance by letting the home warranty provider handle claims.

Different Types of Home Appliances Protection Plans

There are three types of home protection plan options that can cover household appliances’ costly repairs and replacements: a home warranty, homeowners insurance, and a manufacturer’s warranty. Sometimes the names can get confusing, so here’s everything you need to know about all three plans.

A Home Warranty Policy

With the many different names, getting home appliance insurance can be difficult. To make it simple, “home warranty,” “home appliance warranty,” “home appliance warranty,” and “home repair insurance” are all the same thing. The policies outlined in this guide are all home warranty providers that can offer appliance insurance coverage. Getting home appliance coverage can be confusing, but under this type of plan, all items are covered without the hassle of having different contracts.

Manufacturer’s Warranty vs. Home Insurance for Appliances

A manufacturer’s warranty is a guarantee from an appliance manufacturer—such as Samsung, Frigidaire, or GE—that its product will perform as advertised for a specific amount of time (usually one to two years). However, some manufacturers might cover expensive components—such as a motor—under an extended warranty for a longer period of time.

If you want to cover an electronic or specific home appliance, such as a clothes washer or a water heater, you’ll have to register your product at the time of purchase to activate your coverage. The manufacturer will outline procedures for you to follow if a covered appliance needs service while under warranty.

Homeowners Insurance vs. Home Appliance Insurance

Homeowners’ insurance companies protect your home in the event of theft or natural disasters—such as a tornado or fire. Unlike appliance insurance, a homeowners insurance policy is required by mortgage lenders before you can close on a house.

Homeowners’ insurance covers structural and property damage in cases of perils, liability if someone is injured on your property, property lost through theft or damage, and short-term housing costs if your home becomes uninhabitable due to damage or disaster.

Is Insurance For Your Home Appliances Worth It?

Yes, getting a policy with one of the best appliance insurance companies is worth the investment. These home protection plans save customers thousands of dollars and give homeowners peace of mind. When a covered item breaks under your plan, you can rest assured that an expert will handle the problem as quickly as 24 hours. Some customers have even reported same-day appointments.

Additionally, a home warranty offers homeowners access to a whole network of local professionals. Instead of nagging your neighbor for the name of their plumber again or spending hours reading home warranty reviews of technicians online, your home warranty provider will schedule an appointment with a local and licensed contractor in your area for you.

Final Thoughts

When selecting a home warranty provider for your home appliances, House Method recommends going with Choice Home Warranty, American Home Shield, or Select Home Warranty. Going with one of these providers will save your wallet and give you peace of mind if one of your main appliances needs repair or replacement. Be sure to look into the different plans offered by each provider and choose the one that best fits your needs.