GITNUX MARKETDATA REPORT 2024

Statistics About The Average Home Warranty Cost

The average cost of a home warranty in the United States ranges from $300 to $600 per year.

Last Updated: June 18, 2024

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In this post, we will explore a detailed breakdown of the average home warranty costs based on various statistics and reports from reputable sources. From the typical annual premiums and service fees to the impact of home size and location on pricing, we will provide a comprehensive overview to help you understand the financial aspects of securing a home warranty.

Statistic 1

"The average cost of a home warranty generally ranges from $350 to $600 per year, according to Realtor.com."

Statistic 2

"The average cost for a basic home warranty plan is typically $350-$500 a year from Home Warranty Review."

Statistic 3

"Average monthly premiums for home warranty plans typically range from $25 to $50, reported by Home Service Club."

Statistic 4

"A home warranty plan with broad coverage can cost up to $600 per year according to Consumer Reports."

Statistic 5

"Deductible or service call fees for home warranties range from $60 to $125, states HomeAdvisor."

Statistic 6

"Every State Except Home Warranty premiums which range from $200 in Wisconsin to $1100 in Texas, stated by ReviewHomeWarranties."

Statistic 7

"HomeAdvisor reports, high-end home warranties can cost $800 to $1,000 per year."

Statistic 8

"According to BankRate, the average service fee for a home warranty claim is $75."

Statistic 9

"Home maintenance and repair services estimates average cost of $300 per year, House Method points."

Statistic 10

"According to Liberty Home Guard, home warranty service plans range in cost from $350 to $800 per year."

Statistic 11

"Square footage can affect a home warranty's price; homes over 5,000 square feet can expect to pay 25%-50% more, as found by House Method."

Statistic 12

"HomeWarrantyReviews estimated that the median cost of home appliance insurance is about $320."

Statistic 13

"According to Cinch Home Services, prices for home warranty plans can vary due to multiple factors including location, size and age of the home, among other things."

Statistic 14

"According to Choice Home Warranty, the cost of a service call ranges from $60-$85."

Statistic 15

"The APHW (America's Preferred Home Warranty) reports that sesonality can dictate the cost of home warranty."

Statistic 16

"Realtor.com states, condos and townhouses typically have lower home warranty costs than single-family homes."

Statistic 17

"National Home Service Contract Association (NHSCA) suggests that an average contract costs between $350 and $600 annually, with a call fee or deductible generally between $50 and $125."

In conclusion, the cost of home warranties varies significantly depending on various factors such as the type of coverage, location, size, and age of the home. On average, home warranty plans range from $350 to $600 per year, with monthly premiums typically falling between $25 to $50. Deductibles or service call fees can range from $60 to $125 per claim. High-end plans may cost between $800 to $1,000 per year, and homes over 5,000 square feet could pay up to 50% more. It is important for homeowners to consider these factors when choosing a home warranty plan to ensure they are adequately covered while managing costs effectively.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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