Best Home Warranty Companies in New Mexico (2024)
A home warranty protects your wallet if a major system or appliance fails unexpectedly. You pay a monthly or annual premium plus a small service call fee for the repair, and your home warranty provider takes care of the rest. Homeowners looking for peace of mind in New Mexico can check out our list of top home warranty companies below.
American Home Shield is our top pick for New Mexico homeowners due to its comprehensive coverage and trustworthy reputation. Continue reading to learn about this company and our other top recommended providers.
Key Takeaways
- The best home warranty companies in New Mexico are American Home Shield and Liberty Home Guard, based on your research of 13 home warranty providers.
- A New Mexico home warranty costs $736 annually on average, or $46-$89 per month, depending on your plan and coverage.
- We recommend getting at least three different quotes from the providers below to save the most money.
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.
New Mexico’s Top 5 Home Warranty Companies
When choosing the best home warranty companies in New Mexico, we took an in-depth look at plan specifics, pricing, unique benefits, and more. The highest-rated New Mexico home warranty companies are the following:
- Best for Comprehensive Coverage: American Home Shield
- Best Customer Support: Liberty Home Guard
- Best for High-End Items: First American Home Warranty
- Best for Customized Coverage: Elite Home Warranty
- Best Budget Plan: Select Home Warranty
Summary of the Best Home Warranty Companies in New Mexico
|
|||||
---|---|---|---|---|---|
|
|||||
|
|||||
|
|||||
|
|||||
#1 out of 16 companies | #2 out of 16 companies | #3 out of 16 companies | #4 out of 16 companies | #5 out of 16 companies | |
NR | B | B- | B+ | B | |
Monthly Cost |
$49–$59 | $49–$109 | $44–$47 | $44–$59 | $47–$87 |
Service Fees |
$65–$125 | $100–$125 | $60–$75 | $70 | $75–$125 |
Customer Support Options |
Email, Phone, Online Chat, Online Portal | Phone, Online Portal | Email, Phone, Online Portal | Email, Phone, Online Portal | Phone, Online Portal |
Response Time |
Up to 48 hours | Up to 48 hours | 48-84 hours | Up to 48 hours | 4–48 hours |
Pros |
|
|
|
|
|
Cons |
|
|
|
|
|
Summary |
We recommend Liberty Home Guard for homeowners who need coverage for multiple HVAC systems and extensive add-on customizations. |
We recommend American Home Shield for homeowners who need comprehensive coverage for older homes. |
We recommend Select Home Warranty for homeowners who need affordable HVAC-only coverage. |
We recommend Elite Home Warranty for homeowners who want fully customizable plans and extensive add-on coverage options. |
We recommend First American Home Warranty for homeowners who need robust plan options for HVAC and high-end appliances. |
Promotions |
Black Friday & Cyber Monday Sale: $225 Off + 2 Months Free + Roof Leak Protection | Black Friday Savings: 50% OFF Select Plans | Cyber Monday: 40% Off Home Warranty Plans | $150 Off + 1 Month Free. 30-Day Free Trial | $100 Off with Code “PROTECT” |
Rating Categories |
Liberty Home Guard | American Home Shield | Select Home Warranty | Elite Home Warranty | First American Home Warranty |
Coverage |
|||||
Value |
|||||
Trustworthiness |
|||||
Plan Transparency |
|||||
Customer Support |
|||||
Flexibility |
Note: We based the pricing information in this table and throughout the article on sample quotes we obtained for a 2,119-square-foot, single-family home in Albuquerque, New Mexico. Your pricing may vary depending on your home’s location, size, type, and plan selections.
How Much Does a Home Warranty Cost in New Mexico?
In New Mexico, a home warranty costs an average of $61 per month, or $546-$1,068 annually, according to quotes we received from various companies for New Mexico homes. Your final price will vary depending on your plan, service fees, location, and additional coverage options you choose.
Reviews of the Best Home Warranties in New Mexico
How Do Home Warranties Work?
If one of the covered items in your contract breaks down, simply file a claim with your provider either online or over the phone. Once your claim has been approved, a technician will be sent to your home for diagnosis and repair and you’ll pay the set service fee. The provider usually covers the appliance repair or replacement costs unless they’re more than the coverage cap, in which case the homeowner pays the remaining amount.
How Long Do Home Warranty Contracts Last?
Most home warranties last for a year— you can pay the entire cost up-front or split the cost into monthly installments.
Our Conclusion
Liberty Home Guard, American Home Shield, and Elite Home Warranty are the best options for New Mexico homeowners. Before signing up for a plan, we recommend getting quotes from at least three home warranty companies to get your price since the estimates will vary based on where you live and the type of coverage you select.
Frequently Asked Questions
Do home warranties cover TVs?
A home warranty doesn’t usually provide coverage for electronics, like televisions. However, companies like American Home Shield offer an electronics extended warranty that protects televisions, laptops, computers, and more.
Can you buy a home warranty after something breaks?
You can buy a home warranty after something breaks, but that breakdown won't be covered. The system or appliance in question must be functioning and installed at the time of purchase. If the covered item breaks down due to normal wear and tear after your coverage has kicked in, the repair will be covered under your warranty.
Our Rating Methodology
We back up our home warranty ratings and recommendations with a detailed rating methodology to objectively score each provider. We conduct research by speaking with company representatives, requesting quotes, analyzing sample contracts from each company, and conducting focus groups and consumer surveys. We then score each provider against our review standards for coverage, cost, trustworthiness, plan transparency, customer support, and flexibility to arrive at a final score on a 5-point rating scale.
To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.