Best Home Warranty Companies in Indiana (2024)
A home warranty offers Indiana residents extra protection for their home systems and appliances during breakdowns. However, choosing the right home warranty company to cover these unexpected issues can be time-consuming and challenging.
To simplify your search, we reviewed and scored 13 leading home warranty providers to find the best options for Indiana homes. We recommend Liberty Home Guard for its extensive add-on catalog and American Home Shield for its comprehensive plan protections. Our guide highlights the top five providers in the state and offers tips for finding the right coverage to protect your Indiana home.
Key Takeaways
- Indianaโs top home warranty companies are Liberty Home Guard, American Home Shield, and Elite Home Warranty, after reviewing 13 providers.
- A home warranty in Indiana costs $656 annually on average, or $46-$64 per month, but varies based on your chosen plan and add-ons.
- Our survey found that the national average monthly home warranty cost is $89, making Indiana plans more affordable.
Did You Know?
- In the last 30 days, more than 2,500 people bought home warranties from the above providers. Liberty Home Guard is our most popular provider, with 55% of buyers choosing to cover their homes with an LHG plan.
Indianaโs Top 5 Home Warranty Companies
The highest-rated home warranty companies in Indiana include:
Provider pricing is based on sample quotes for a 2,104-square-foot, single-family home in Indianapolis, Indiana. Your monthly premium may vary based on your homeโs location, size, type and chosen plan and add-on choices.
Summary of the Best Home Warranty Companies in Indiana
Below, we compare the top home warranty companies in Indiana. The monthly cost represents costs represent quotes we pulled from each provider during our secret-shopping process. We analyzed each providerโs plans, service fees, and industry reputation.
Company | BBB Rating | Monthly Cost in IN | Service Fee | Visit Site |
---|---|---|---|---|
NR | $49โ$59 | $65โ$125 | VISIT SITE | |
B | $29โ$89 | $100โ$125 | VISIT SITE | |
A+ | $44โ$58 | $70 | VISIT SITE | |
B- | $44โ$47 | $60โ$75 | VISIT SITE | |
B | $44โ$84 | $75โ$125 | VISIT SITE |
Note: BBB ratings accurate as of May 2024
Note: We based the pricing information in this table and throughout the article on sample quotes we obtained for a 2,100-square-foot, single-family home in Indianapolis, Indiana. Your pricing may vary depending on your homeโs location, size, type, and plan selections.
Reviews of Home Warranty Companies in Indiana
How Are Home Warranties Regulated in Indiana?
The Indiana Department of Insurance (IDOI) regulates home warranty companies. The state offers online resources to help consumers make more informed decisions. Homeowners can file complaints with the IDOI through its Consumer Services Division. The Indiana Attorney General also accepts complaints under its Consumer Protection Division.
How Much Does a Home Warranty Cost in Indiana?
Indianaโs average home warranty cost is $55 per month or $656 for an annual premium, which is less expensive than the national average. Our February 2024 survey of 1,000 home warranty customers nationwide showed us that the national average monthly cost is closer to $89. However, your total home warranty cost in Indiana could increase based on factors beyond your premium.
Our survey revealed that service fees will cost between $60 and $150 per claim, depending on your plan. Your coverage type could also impact costs. Our research showed that most home warranty companies charge more for comprehensive plans than systemโor appliance-specific options.
In addition, add-on options will increase your plan's costs but could be a necessary expense. Based on our survey results, 56% of homeowners added roof-leak coverage to their plans. You must pay extra for the add-on option since most home warranty companies donโt include this protection with standard plans. We recommend selecting coverage that suits your home and limiting add-ons to only immediate needs to save on costs.
What To Look For When Buying a Home Warranty in Indiana
When choosing a home warranty in Indiana, keep the following factors in mind:
- Compare quotes: Request quotes from at least three companies to find the best options. You could miss out on additional perks and discounts by researching only one company.
- Determine your coverage needs: Consider which systems and appliances need home warranty protection. Choose a plan that meets those specific needs and avoid getting coverage that doesnโt meet your immediate demands.
- Verify coverage caps: Check your sample quotes for details on coverage caps and ensure your essential items receive adequate protection. Read through each policy and check for any provisions concerning system age or condition that could impact your reimbursement total.
Expert Takes on Home Warranties
We interviewed industry experts for their home warranty insights. We asked some common homeowner questions regarding home warranty coverage. Their answers are below:
- What should I ask before buying an Indiana home warranty? Daniel Cabrera, founder of Sell Your House Fast, said homeowners should get clarification on the providerโs policy. He said, โHomeowners should understand what specific items, parts, or situations the company excludes from the warranty.โ Ask questions about the policyโs inclusions, exclusions, and limitations.
- Do Indiana home warranties offer other reimbursement options besides repairs? Kurt Walker, a real estate expert associated with Mill City Home Buyers, said that some companies opt for cash payouts instead of repairs. โHowever, you must be aware that the cash payout might not cover the cost of replacement,โ he said.
- How can I tell if a home warranty company is trustworthy? Peter Evering, a Business Development Manager for Utopia Property Management, said online reviews are key to understanding a companyโs customer relationship. He said, โReading customer reviews and ratings can provide insights into the experiences of other homeowners and help you gauge the level of customer satisfaction.โ
Our Conclusion
We selected Liberty Home Guard as the top Indiana home warranty company due to its excellent customer support and add-on coverage variety. American Home Shield offers comprehensive coverage options and industry experience. With Select Home Shield, you get basic home protection at an affordable price. We recommend getting quotes from multiple companies to find the best fit for your home.
Other Resources for Residents in Indiana
FAQs About Home Warranties in Indiana
Which Indiana home warranty is the best?
The best home warranty plan will depend on the type of coverage you need and your budget. The plan that provides you with the most coverage at the best value is one worth considering. We recommend any of the companies mentioned above as a solid choice for Indiana home warranty coverage.
Are these Indiana home warranty companies trustworthy?
Yes, these home warranty companies are trustworthy. Our team vetted each company and researched its brand reputation, customer reviews, and coverage plans. However, not every company is a trustworthy option. Before signing up for a plan, take the time to read your sample contract to better understand how the company operates, its provided customer service, and any coverage exclusions.
How long do I wait before using my home warranty in Indiana?
The waiting period for an Indiana home warranty can vary based on the company. However, most providers have a standard 30-day waiting period before you can file a claim. We recommend checking your home warranty policy for exact details on your wait period.
Our Rating Methodology
We back up our home warranty ratings and recommendations with a detailed rating methodology to score each provider objectively. We conduct research by speaking with company representatives, requesting quotes, analyzing sample contracts, and conducting focus groups and consumer surveys.
We score each provider against our review standards, which include four comparison categories: coverage, value, trust and transparency, and availability and service. We rate each provider across 31 factors within these categories. Each factor is assigned a point value based on its importance to a homeowner, totaling 100 points. We then convert the final scores to a 5-star rating.
Hereโs a breakdown of our weighted factors:
- Coverage (40%): We scored coverage based on included home systems and appliances, add-on options, and unique benefits. We also compared coverage caps and policy exclusions.
- Additional coverage items
- Annual coverage cap
- Home systems coverage
- Major appliances coverage
- Obstructed wall coverage cap
- Value (30%): We compared the coverage level received to monthly pricing to determine plan value. We considered premium pricing, service fees, and flexibility in customizing plan costs.
- Average monthly cost
- Cost flexibility
- Lowest service fee
- Trust and Transparency (16%): We evaluated each companyโs reputation using the Better Business Bureau ratings and customer reviews on third-party review sites. We read through plan change policies, workmanship protections, and sample contract availability.
- Brand reputation
- Policy change flexibility
- Sample contract availability
- Workmanship guarantee length
- Availability and Service (14%): We award higher scores for faster claim processing and response times. We also considered service technician policies, including options to choose your technician.
- Claims process
- Guaranteed response time
- Service flexibility
To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.