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On average, most policyholders report more than two claims per year. And depending upon the repair, a warranty can often pay for itself in one claim. The average cost of a warranty is $30 - $50 a month, which, compared to the average cost of repairs, is minimal.

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Not familiar with average repair costs? Here's the range for the most common repairs and replacements:

Possible Repair/Replacement Costs

Furnacespacer$65 - $4,300
Oven/Rangespacer$70 - $2,200
A/C Unitspacer$80 - $4,800
Water Heaterspacer$85 - $1,200
Washer/Dryerspacer$70 - $1,300
Plumbingspacer$85 - $1,500
Refrigeratorspacer$60 - $3,800
Broken Water Pipespacer$70 - $2,000
Dishwasherspacer$140 - $600
Electricspacer$125 - $1,400
Roof Leaksspacer$150 - $500
Garbage Disposalspacer$70 - $500
Microwavespacer$70 - $1500
Garage Door Openerspacer$85 - $1,300
Pool/Spa Heaterspacer$100 - $1,800