best value white goods warranty provider?

seatbeltnoob

Hello

I just bought an american style haier fridge freezer from ao. Reviews seem to be very good for the company.

AO offered to sell aftermarket warranty for £7 a month, which works out £84 a year. For a £549 fridge that comes with 2 year warranty that seems like an awful lot.

Whats a good company to buy warranty from, ideally one that will add on warranty after the end of the manufacturers - not overlap it.

I'm tempted to just without a warranty, there seems to be loads of companies that offer repairs for £180, but this is my mums house and I'm just living here temporarily it would be a lot easier to just get a warranty for her so all the headache can be outsources to a 3rd party.

GDB2222

I’ve never bothered. If it needs a repair, so be it, but why pay through the nose for a warranty?

comeandgo

Never bought any warranty.  Buy all large electronics from John Lewis to get extra year warranty for free.  

silvercar

Domestic & General used to be very active in this area, not sure how competitive they are today.
Also, some of the boiler insurers like British Gas homecare will add on appliance cover.

rach_k

We don't bother with extending warranties.  If you put the £84 away for the first two years, when the standard warranty ends you'll have nearly enough for that £180 repair.  If it doesn't break in the third year, you'll have saved money.  

chrisw

Fridge freezers are pretty reliable anyway. There's not a huge amount to go wrong, although certain make American style ones, particularly Samsung, have had issues in the past. 

Mutton_Geoff

seatbeltnoob said:

..AO offered to sell aftermarket warranty for £7 a month, which works out £84 a year

AO are very pushy selling these warranties. I don't think they call you post sales any more (must have had too many complaints) but they now email you an offer of a voucher if you agree to accept one of their warranty sales calls.

I've never bought a warranty for any household item. For all the appliances I've bought over the last 40 years of home ownership, I must have saved thousands on premiums. And can't remember every having something break down and wishing I had the policy.

Self insure then treat yourself to a holiday when after 5 years the thing is still running.

grumbler

IMO they all are very poor value. Beware, most (all?) offer to pay only the residual value if they fail to repair or find it uneconomical. This value is far lower than the original one even at the moment when the manufacturer's warranty expires and keeps dropping while the amount you keep paying is fixed.

GDB2222

It’s like any form of insurance. There are overheads to be paid for at the insurance company plus these warranties pay a huge commission to the store. It’s bound to be more expensive in the long run than simply paying for repairs when they arise. If you have not got a small fund to pay for such contingencies, cancel all your warranties and put the money to one side.

House insurance is only different because most people don’t have a huge contingency fund big enough to pay for a new house to be built. 

FreeBear

chrisw said: Fridge freezers are pretty reliable anyway.

Most domestic white goods are pretty reliable - If they go wrong, it is likely to be within the first year, in which case, the manufacturer's guarantee will cover it. Some brands/models come with a two or  even three year guarantee from the manufacturer, so paying extra for "insurance" seems pointless.

If the appliance doesn't develop a fault in the first 6-12 months, it will probably go for 5-10 years (if not more) before breaking down. Just think how much you could save by not buying extra "insurance".

another_casualty

When I moved into my present flat 3 years ago, I purchased a new fridge freezer and washer dryer. Of course I got the leaflets with the instructions advising me to register for extended guarantee . The fridge freezer is Hotpoint , washer dryer is Beko. 

The company who maintain both , is Domestic and General .
I was thinking about taking out warranty . 

Thankfully , the good posters here advised me not to . 

Crossing fingers as I'm posting this tho 😼🤞