When considering a home warranty, price is often one of the first factors homeowners look at. Choice Home Warranty is a popular provider known for affordable plans, but what exactly influences their pricing, and how much should you expect to pay?
What Determines Choice Home Warranty Prices?
Choice Home Warranty offers two main plans: the Basic Plan and the Total Plan. Pricing depends on several factors:
Plan Type: The Basic Plan covers essential home systems and some kitchen appliances, while the Total Plan includes more appliances like washers, dryers, and refrigerators, which increases the cost.
Location: Prices vary depending on where you live due to differences in repair costs and contractor availability.
Home Size and Age: Larger homes or those with older appliances may require more coverage or higher premiums.
Optional Add-Ons: You can add coverage for items like pools, spas, well pumps, and sump pumps for an extra fee.
Typical Pricing Breakdown
Basic Plan: Generally ranges from $350 to $450 annually.
Total Plan: Typically costs between $500 and $700 per year.
Service Call Fee: Each repair visit requires a service fee, usually around $85, which covers the technician’s visit and diagnosis.
What’s Included for the Price?
For your yearly premium plus service fees, Choice Home Warranty covers repairs or replacements caused by normal wear and tear on covered systems and appliances. This can save homeowners thousands of dollars if major repairs occur.
How Does Choice Compare?
Compared to other companies, Choice Home Warranty often comes in lower than premium providers like American Home Shield but offers similar coverage in its Total Plan. This makes it attractive for budget-conscious homeowners.
Is It Worth It?
For many homeowners, Choice Home Warranty’s pricing offers a good balance of cost and coverage. It’s especially appealing if you want a simple plan with straightforward terms and aren’t looking for many add-ons.