Personal anecdote - I would say (a cautious) yes. Bought 3 WD hard drives (1 external, 2 internal, during different time periods; in the last 10+ years) for personal use and 2 failed exactly after the 5 year warranty period ended (within a month or so). One failed just a few weeks before the warranty period, and so WD had to replace it (and I got a replacement HDD that I could use for another 5 years). That's good engineering! (I also have an old 500GB external Seagate drive that has now lasted 10+ years, and still works perfectly - probably an outlier).
That said, one thing that I do find very attractive in Seagate HDDs now is that they are also offering free data recovery within the warranty period, with some models. Anybody who has lost data (i.e. idiots like me who didn't care about backups) and had to use such services knows how expensive they can be.