Most home appliances come with a manufacturer’s warranty, but you can get an extended warranty if you want additional coverage for your appliances.
The extended warranty will cover your washing machine repair costs after the manufacturer’s warranty expires. But are they worth it?
Extended warranties for your washing machine are not worth it, and electronics are getting cheaper and more reliable, so you are less likely to repair your machine. Even if you’ll have to repair it eventually, it’s quite affordable.
Washing machines come with manufacturer’s warranties, but you can choose to get an extended warranty. Keep reading to find out how much they cost and whether they’re worth it.
How Much Does a Washing Machine Extended Warranty Cost?
An extended warranty on your washing machine will cost about $120 or even more in some cases. The cost of extended warranties varies from brand to brand.
So, the amount you pay for an extended warranty on a Maytag washing machine will differ from the amount you pay for a Samsung washing machine.
But usually, extended warranties cost about $20 for smaller appliances like blenders and microwaves, while larger appliances like washing machines will cost more than $120.
So, whatever brand of washing machine you have, the extended warranty will cost you at least $120. Other appliances like refrigerators cost a lot more.
An extended warranty on a fridge can cost up to $500 in some cases, especially if it’s a large fridge with an icemaker and water filter.
You can buy extended warranties for your washing machine from the manufacturer when you buy the washing machine, or you can buy from a retailer or a third party.
The prices will also differ from the manufacturer, retailer, and third party. So, before you buy an extended warranty, always check so that you can go with the best price.
Generally, extended warranties cover the cost of repair and the parts for the repairs. They also cover damage caused by regular wear and tear.
Extended warranties don’t have uniform costs; the costs of the extended warranties vary depending on several factors.
These factors include;
- Your area of residence
- The type of coverage you choose
- The warranty provider
- You can purchase cheaper or more expensive extended warranties based on where you buy the warranty.
Are Washing Machine Extended Warranties Worth It?
Extended warranties cost a lot of money, and in the long run, they may not be worth it.
The washing machine already has the manufacturer’s warranty that guarantees the appliance for at least a year.
Secondly, you don’t need an extended warranty because appliances are getting cheaper, so in some cases, the cost of fixing the appliance will be more than that of getting a new one.
So, instead of paying for your washing machine to get fixed sometime in the future if it breaks down, you can get a new one if it happens to break down since the new machine will be cheaper.
Additionally, as appliances get more advanced, they also become more complex, which increases the cost and time of repair. Also, washing machines are more reliable and less likely to break down.
A washing extended warranty will cover the costs of repairs for 3-4 years after the expiration of the manufacturer’s warranty. So, that is within the first five years that you own the washing machine.
For that matter, washing machines and other household appliances are the least likely to break down within a few years.
Statistically, the lifespan of major appliances like washing machines is way beyond the period covered by the extended warranty. And you may only need to repair it after the warranty expires.
Additionally, your washing machine may already be covered by an implied warranty. State law says an appliance must be fit for purpose and work well for a reasonable amount of time.
So, if your washing machine breaks down within four years, you can return it or ask for repairs with the weight of the law behind you.
Finally, some credit card companies offer extended protection if you purchase an item with a manufacturer’s warranty. But always check your credit cards instead of making assumptions.
There are also advantages to having an extended warranty on your washing machine.
The table below lists the pros and cons of getting a warranty on your washing machine.
|Access to professional repairs.||Extended warranties are expensive.|
|There are no concealed charges.||You may not use it until expiration.|
|It saves you the stress of looking for a technician.||They do not cover accidents.|
Which Washing Machine Brand Has The Best Extended Warranty?
Appliance brands offer different warranties on their products. Regarding manufacturer’s warranty, all brands offer one year warranty on the cost of repairs or replacement.
But extended warranties are different. The costs, coverage period, and range of coverage for extended warranties differ from brand to brand.
The best washing machine brand in terms of warranty is Maytag. Most brands only give one-year coverage for parts and labor, but Maytag gives up to 5 years of coverage for parts and labor.
For the extended warranties, Maytag exceeds the customary five years extended warranty that most brands are known for.
Maytag offers a ten-year extended warranty on parts and also pays for repairs. However, the Maytag manufacturer’s warranty is the same as most other brands.
They offer a one-year warranty on washing machines. And the warranty covers the cost of repairs and parts. Or, they can replace the washing machine in case of serious damage.
Should You Buy An Extended Warranty For Your Washing Machine?
You don’t need to buy an extended warranty for your washing machine. Granted that an extended warranty will make you sleep better at night, you may likely only use it before it expires.
They offer you an extended warranty when you make any major appliance purchase. The extended warranty takes effect after the manufacturer’s warranty expires.
Most brands and third parties offer extended warranties of 3-4 years. So, if the washing machine breaks down within that period, the warranty covers the cost of parts and repairs.
The warranty also covers regular wear and tear. And for large appliances like washing machines, the extended warranty is usually expensive. So, you’ll pay a lot for a warranty you may not use.
New appliances are durable and don’t spoil as easily, especially not three or four years after you purchase them. So, you may use your warranty for more than ten years before it needs repairs.
In that case, the extended warranty will expire, and you’ll have to pay for the repairs anyway.
Additionally, extended warranty providers have a repair time. Sometimes it takes their technicians a long time to repair the appliances.
So, if your warranty provider’s repair time is two weeks, you will be without a washing machine for two weeks. And in some cases, it’s as much as four weeks.
Finally, modern appliances last longer, which is also more complicated. As such, the cost of repairs is often very high.
In some cases, the cost of parts and labor is higher than that of a new machine. So, buying a new one will be more prudent if you don’t have some sentimental attachment to the machine.
The sellers are trying to save you money by offering you an extended warranty, but you don’t need to buy it. Most of the time, the extended warranties expire before you can use them.
What Are Extended Warranties?
Extended warranties cover your appliances after the manufacturer’s expired warranty. And extended warranties often last for 3-5 years, and they cover the cost of repairs and parts for your appliances.
Should I Get an Extended Warranty on My Refrigerator?
Extended warranties on a refrigerator are financially prudent as refrigerators are expensive. But refrigerators hardly develop faults in the first few years, so you may not use the warranty.
Will it cost More to Repair or Replace My Washing Machine?
Major repairs on your washing machine will cost half the price of a new machine in labor and parts. In that case, replacing the washing machine is more prudent than repairing it.
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