Home Warranty Costs
How much does a home warranty cost? It’s an important question, and one that goes hand in hand with the big question “Are home warranties worth it?” After all, if you’re annually paying more for a home warranty than you would be paying for repairs, then what would be the point of investing in one?
Thankfully, home warranty coverage is not prohibitively expensive, especially when compared to repair and replacement costs. For example, repairing a broken HVAC system can cost over a thousand dollars, and replacing such a system can easily cost more than $10,000. Likewise, plumbing repairs can cost hundreds of dollars per hour in service and parts. A typical kitchen appliance repair costs between $1000 and $2000. And if you’re unlucky enough to need several such repairs in a short space of time, those costs can really add up fast.