Short answer
Usually not, and we say that knowing it costs us nothing either way. They are priced to be profitable for the seller, which means on average they cost more than the repairs they cover. Read what is actually excluded before deciding.
The structural problem with them
An extended warranty is an insurance product sold at the point of sale by someone who earns commission on it. Like any insurance product priced to make money, the expected payout is lower than the premium. That is not a scandal, it is arithmetic — but it means the average buyer loses.
That reverses if you are unusually unlucky or if the appliance is genuinely repair-prone. It is a bet, and it is worth understanding it as one.
Read the exclusions before the coverage
Cosmetic damage, consumables, "misuse", and anything deemed a maintenance failure are commonly excluded. So is damage from hard water in some policies — which, in this part of Iowa and Illinois, is not a hypothetical exclusion.
Also check who performs the work. Some policies restrict you to their own network, which may or may not include anyone local, and may mean waiting significantly longer than calling a local shop directly.
What we would suggest instead
Keep the manufacturer warranty paperwork, keep the model number somewhere you can find it, and set aside what the extended warranty would have cost. If nothing goes wrong you keep the money. If something does, you have it and you can call whoever you want.
Still not sure how this applies to your machine? Call and ask — we would rather answer a question over the phone than have you guess. We cover Rock Island, the Quad Cities and every community within 50 miles.
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