Why to Consider Buying an Extended Warranty for Appliances

Extended warranties are not a sexy topic. Protecting your brand new $1,200 smartphone is one thing, but protecting an essential appliance isn’t nearly as exciting. However, it is something that you should absolutely consider doing. In most cases, buying an extended warranty for appliances is a smart move that you will want to make in order to save money down the road.

Are extended warranties on appliances worth it?

Extended warranties for appliances are worth it from a financial and time-saving standpoint. Initially, appliance warranties will cost you an additional expense. When you’re already buying a $500-$2,000 appliance, spending more money is the last thing you want to do. However, when your appliance breaks a few years later, you will make that money back and save even more! Next, having a warranty from Upsie will save you a tremendous amount of time when your appliance breaks. Making a claim is quick and hassle-free. The Upsie service representatives will even locate and schedule a repair technician to come to your house and repair your broken appliance. All you have to do is make a quick phone call and be home to greet the repair technician. You’ll be thanking yourself for the ease of repair and for not having to pay any labor and parts fees! Totally worth it.

Who has the best extended warranty and home appliance insurance?

Upsie is the leading appliance extended warranty provider. They are the best for three reasons: price, service and transparency. First, Upsie’s prices are hard to beat. They are almost always the most affordable option for comparable warranty terms. Take a look at the chart below for a $600 washer as of 4/7/2020.
Company Term Warranty Start Warranty Price
Upsie 5-Year Immediately (overlaps with manufacturer warranty) $129.99
Competitor #1 5-Year Immediately (overlaps with manufacturer warranty) $134.99
Competitor #2 5-Year Immediately (overlaps with manufacturer warranty) $159.99
Aside from better prices, Upsie offers great service and transparent plans. Take the warranty start date, for example. Upsie tells you on the same page when your warranty starts. No clicking on links and reading through confusing terms and conditions. Upsie also tells you exactly what is covered, like mechanical failures, power failures, heating/cooling issues, etc., how to make a claim and more. Additionally, you never have to jump through hoops to make a claim or get a question answered. Real people answer claims calls 24/7/365. They also have a line to their corporate office where real people answer the phone, emails, and Twitter and Facebook messages during business hours. The best part? Upsie was created for customers to deliver a new, easier, better warranty experience.

Are Best Buy Extended Warranties Worth It?

A warranty is worth it if you’re purchasing a high-quality, more expensive appliance. However, there are better options that can save you money, like Upsie. Upsie’s appliance warranty begins one year after the appliance purchase date, when the manufacturer warranty expires. On the other hand, Best Buy’s appliance warranty begins immediately and overlaps with the manufacturer warranty. So, essentially, there is one year where you are paying for coverage you don’t need. In addition, Best Buy’s appliance warranty prices are typically higher than Upsie’s plan prices.

Should you buy an extended warranty on a dishwasher?

Do you want to pay a surprise $230-$1,000 expense out of pocket? If the answer is no, you should buy an extended warranty for your dishwasher. A dishwasher warranty from Upsie covers an unlimited number of repairs up to the purchase price of the dishwasher. So, if your dishwasher costs $1,000 and your first repair costs $400, you have $600 worth of repairs left. Better yet, when you need a repair, you will pay $0 in repairs with no deductible.

Should I buy an extended warranty on a washer and dryer?

If you want to save $125-$350 on a washer or dryer repair then yes, you should buy an extended warranty. Also, washing clothing by hand is not an option for most people, especially if you have children. So when a washer or dryer breaks, it’s important to get it repaired quickly. That’s when Upsie’s quick service makes a world of difference! Claims are quick, and they schedule the certified technician for you, so you’ll be back to folding loads of laundry in no time.

Is it worth getting an extended warranty on a refrigerator?

If you only buy an extended warranty for one appliance, a refrigerator is it. There are multiple ways that refrigerators can break. Leaks from water lines are very common in refrigerators that dispense water and ice. These days, most refrigerators come with water and/or ice dispensers. Additionally, a broken refrigerator is not the same as a broken dishwasher. You can live without a dishwasher by doing dishes by hand. A broken refrigerator means losing possibly hundreds of dollars worth of food inside! Upsie covers up to $200 of food loss when your refrigerator breaks. They will also get it repaired and working again quickly.

Should I buy an extended warranty for a range, oven, or cooktop?

The average cost of a repair for a range, oven or cooktop in the US is $250-$400. Additionally, repairing a natural gas appliance is more expensive because there is higher risk when working with gas. If a repair of up to $500 would throw your budget out of balance, you should certainly consider a warranty for your range, oven or cooktop.

Can I buy an extended warranty for my appliance after purchase?

You might not be able to buy an extended warranty for your appliances after purchase from a retailer, but you certainly can with Upsie. In fact, you have up to 11 months after purchase to get your appliance warranty from Upsie. So, if you cannot afford a warranty immediately, you can take a few months to save and protect your large appliance investment at a future date. It will give you great peace of mind and save you money down the road.

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* This article is over 6 months old and may or may not be updated.