The cost of a 1-year warranty varies dramatically based on the type, value, and nature of the product being covered. For consumer electronics and small appliances, extended retail service plans usually cost between 10% to 20% of the item's purchase price (roughly $20 to $100). For automobiles or major home systems, a 1-year extended service contract or home warranty can range anywhere from $400 to $1,500 annually, depending on coverage breadth, deductible fees, and the age or mileage of the covered mechanical equipment.
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