Choosing an oil tank: steel or fiberglass

The current double bottom steel tank plans differ by term and by whether the tank is inside or outside. Each plan lists the same inclusions.

Every plan includes: Double Bottom Steel Tank, Installation by Insured Technician, Removal of Old Tank, All Taxes Included.

A shorter term shows a higher monthly figure, and outside tank plans show a higher figure than inside tank plans for the same term. Ask for the term, payment conditions and total amount payable before deciding.

Ask each quote to identify the tank model, installation work and any work needed at the property. Check whether removal of the old tank and applicable taxes are included. Do not assume a fiberglass quote has the same inclusions as an advertised steel-tank plan.

Compare the full quoted cost as well as any monthly payment. If financing is being considered, ask for the term, payment conditions and total amount payable before deciding. A smaller monthly figure alone does not explain the whole arrangement.

Ask for the written warranty for the specific tank and read its conditions with the installer. Then ask your home insurer what it requires for that model and installation.

A manufacturer's warranty and your home insurance are different things. Do not assume a warranty term means your insurer will cover the tank for the same period. Confirm the requirements for your own policy rather than relying on a general age rule.

You do not need to choose the material before asking for a quote. Tell us you are comparing steel and fiberglass, and share any requirements your insurer has provided. Ask a qualified professional to review equipment condition and installation suitability.

Prefer a different route? Use the heating equipment interest form, talk to a heating expert, or read our new homeowner guide. You can also return to oil tanks and financing plans.