2024 Vanguard Home Warranty Reviews: Home Warranties (2024)

FAQs

Is the Vanguard home warranty any good? ›

Overall Rating: 3.5 / 5 (Very good)

Vanguard Home Warranty allows you to compare multiple offers from the top home warranty providers in the country, including First American Home Warranty, Select Home Warranty, ARW Home and Choice Home Warranty.

Liberty Home Guard and American Home Shield are the best home warranty companies, based on research the MarketWatch Guides team conducted into each provider's coverage plans, customer service reviews, costs and more.

Are home warranties worth the cost? If you have older systems and appliances or you want peace of mind that major items are covered, then a home warranty is a good option. However, if you have brand-new appliances covered by a manufacturer's warranty, you may not need a home warranty for a few years.

Vanguard customers have complained about slow, inconvenient service and clunky technology for years. Alec Lucas, Morningstar's lead Vanguard analyst, calls the firm the “Aldi” of money managers, likening it to the discount grocery chain that is beloved by bargain shoppers but offers bare-bones service.

Like all warranties, a home warranty is supposed to protect against expensive, unforeseen repair bills and provide peace of mind. For a homeowner who doesn't have an emergency fund or wants to reserve it for other things, a home warranty can act as a buffer.

Based on our 2024 industry-wide research, Endurance Supreme is the best extended auto warranty plan overall due to its comprehensive coverage and additional perks. Omega Auto Care New Exclusionary and Olive Complete Care ranked after Endurance Supreme among bumper-to-bumper coverage options.

Home warranties from reputable companies are worth it for most homeowners because they provide peace of mind that your expensive appliances and systems will be covered. When your systems and appliances break down, you will only owe a small service fee instead of thousands of dollars.

Does a home warranty cover existing problems? ›

Pre-existing conditions: Home warranties don't usually cover issues or problems with your home systems that existed before your coverage started and that could've been detected by a visual inspection.

A home warranty plan protects the appliances and systems in your home: major home appliances, electrical, plumbing, and HVAC systems. Unlike your homeowners insurance policy, which protects your home from covered perils, a home warranty is a service contract that covers general wear and tear.

The typical length of home warranty coverage is one or two years. The duration depends on the warranty provider. Contracts usually come with a 30-day waiting period. The reason: Warranty coverage doesn't usually extend to preexisting problems.

A builder warranty comes with new home construction or a remodel. It covers items that are typically a permanent part of the home, like concrete floors, plumbing, or electrical work. Most newly built homes come with a builder warranty. A home warranty is really a service contract, and costs extra.

Yes. Vanguard is a trusted leader in low-cost investing due to low expense ratios on index and exchange-traded funds. Its founder, Jack Bogle, invented index funds. Its services are ideal for buy-and-hold and retirement investors looking to build wealth over the long term.

Overall, Vanguard has a good selection for retirement investors, but active traders may want more options such as forex and futures trading. The platform also has a limited offering of fractional shares, which allow investors to start off on higher-priced equities with a low buy-in.

While many of these other companies are either corporate-owned or owned by third parties, Vanguard is owned by its funds, which are owned by its investors. 2 This means that the profits generated by operating the funds are returned to investors in the form of lower fees.

Which is better for retirement: Fidelity or Vanguard? While Fidelity wins out overall, Vanguard is the best option for retirement savers. Its platform offers tools and education focused specifically on retirement planning.