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New Mexico can heat up to more than 100 degrees Fahrenheit in the summer, so homeowners may want some protection for their air conditioning systems. A home warranty will cover your HVAC and other systems, plus essential home appliances such as refrigerators and water heaters. Home warranty providers connect you with vetted service providers for a low monthly premium and service fee. Our team reviewed the best home warranty companies nationwide and chose the top New Mexico providers that will keep your home running smoothly no matter the season.
The Top 5 Home Warranty Companies in New Mexico
We based all provider ratings on our in-depth review standards. We considered factors such as coverage options, coverage limits, pricing, and service reputability. Here is our list of the top New Mexico home warranty companies:
- American Home Shield : Best for Comprehensive Coverage
- Liberty Home Guard : Best Add-on Variety
- First American Home Warranty : Best for Home Systems Coverage
- Select Home Warranty : Best for Cost-Effective Plans
- America’s 1st Choice Home Club : Best Membership Perks
The cost data in this article is a national average based on 120 sample quotes we requested for monthly home warranty premiums nationwide. Your cost may vary based on your home’s size and type, your location, and your coverage selections.
Compare New Mexico’s Top Home Warranty Companies
|Star Rating||Monthly Cost||Service Fee||BBB Rating||Link|
|American Home Shield||$65–$76||$100–$125||B||VISIT SITE|
|Liberty Home Guard||$49-$60||$65–$125||A+||VISIT SITE|
|Select Home Warranty||$44–$48||$65–$75||B-||VISIT SITE|
|First American Home Warranty||$59–$77||$75–$125||B||VISIT SITE|
|American Home Shield|
|Liberty Home Guard|
|Select Home Warranty|
American Home Shield
Get a quick quote: Visit American Home Shield’s site
Read more: American Home Shield Review
Liberty Home Guard
Get a quick quote: Visit Liberty Home Guard’s site
Read more: Liberty Home Guard Review
First American Home Warranty
Get a quick quote: Visit First American Home Warranty’s site
Read more: First American Home Warranty Review
Select Home Warranty
Get a quick quote: Visit Select Home Warranty’s site
Read more: Select Home Warranty Review
America’s 1st Choice Home Club
Get a quick quote: Visit America’s 1st Choice Home Club’s site
Read more: America’s 1st Choice Home Club Review
Home Warranty Regulations in New Mexico
Although New Mexico doesn’t have a clear regulatory body that oversees home warranties, the state does regulate service contracts via the New Mexico Office of Superintendent of Insurance (OSI). Our research discovered that the OSI requires companies to maintain a minimum of $100 million in shareholder’s equity to obtain a license. If you own a home warranty and believe your provider has neglected its contractual obligations, you can file a complaint with the OSI.
Additionally, home warranties self-regulate through industry associations. The National Home Service Contract Association (NHSCA), for instance, is an organization that regulates member companies. The NHSCA established a code of ethics to ensure providers comply with fair business practices. These standards center on protecting the consumer’s best interests.
Do Home Warranties Cover High-End Appliances?
Home warranty companies typically cover high-end appliances in their standard coverage plans. However, some providers offer pro-series appliance protection as an add-on only. In addition, companies have coverage caps that limit the amount they will pay when repairing or replacing your high-end appliances. For example, if your provider covers up to $4,000 for a high-end appliance repair, you are responsible for the difference if the repair costs more than $4,000. Therefore, we recommend reading your sample contract to understand your plan’s exact coverage terms, exclusions, and limitations.
Whether you need basic coverage for your major appliances or a total-home protection plan, there’s a home warranty provider that can suit your needs. Our top pick is American Home Shield due to its generous system and appliance coverage limits. Our second choice is Liberty Home Guard for its extensive list of additional coverage options. We also recommend First American Home Warranty, which provides the most comprehensive basic plan.
We recommend pulling quotes from at least three providers to compare coverage options and costs.
New Mexico Home Warranty Companies FAQ
How much does a home warranty cost in Mexico?
Based on our cost data, a home warranty policy in New Mexico costs an average of $495 to $740 annually. Your monthly premium will vary depending on the provider you choose, your home’s location, and your selected plan.
Are home warranties worth it on older homes?
Yes, a home warranty is worth considering for an older home. Older homes typically have aged appliances and home systems, which are more likely to break down from wear and tear. The exception is if your home systems and appliances have preexisting conditions, as many providers exclude coverage for these.
What are the most common add-ons offered by home warranties?
Generally, each provider offers its own list of add-on options. However, the most common add-ons consist of the following: additional refrigeration, pool and spa, roof-leak coverage, septic systems, sump pumps, and well pumps.
Can I transfer my home warranty to another home?
Yes, most home warranty providers allow you to transfer your policy to another home. In addition, some allow you to transfer your policy free of charge. However, you must contact your provider before moving into your new home to process the policy transfer correctly.
How We Chose the Top Home Warranty Providers
Our team reviewed and researched dozens of home warranty providers, thoroughly analyzed sample agreements, and identified customer pain points based on our analysis of customer reviews and interviews with industry experts. Our in-depth methodology outlines our review process to provide transparent information about the companies we review.
We determined that the following factors are the most important when comparing home warranty companies: available plans, plan coverage, price range, industry reputation, customer support, and additional features. Our research supported that plan coverage, customer service, and industry reputation should carry the most weight. While important, the other factors should not have as much influence when choosing a home warranty provider.