A refrigerator is an appliance that is used to store food and drink items. It has a cooling system that helps maintain the cold temperature inside the refrigerator. A refrigerator is an important part of a household and it can be a major investment for many people. It can be quite expensive to repair a refrigerator if it malfunctions or breaks down. The average cost of repairing a fridge can range from $150 to $500, depending on the model, age and problem with your appliance.