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Is home appliance insurance worth it?

Home appliance insurance can be worth it for first-time homebuyers who might not be able to handle a costly repair after purchasing a home. It can also provide some peace of mind for homeowners. Appliance warranties come from manufacturers and have specific lifespans. Home appliance insurance can be extended for as long as you’d like.

How much does a home appliance warranty cost?

The best coverage limits for appliances are between $3,000 and $7,000, which are offered by American Home Shield and First American Home Warranty. Number of appliances covered: When looking for a home appliance warranty, compare the cost with how many appliances are covered.

What is the cheapest home appliance insurance?

Select Home Warranty is the most budget-friendly provider on our list of top home appliance insurers. While the provider has a relatively low coverage cap of $500 per appliance, it has one of the cheapest complete home plans at just $48 per month — around 8% less than the average home warranty cost.

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