Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> appliances babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business weddings
CostHelper > Personal Finance  > Insurance > Mobile Home Insurance

Mobile Home Insurance Cost


How Much Does Mobile Home Insurance Cost?

 
low costSingle-Wide Mobile Home: $250-$700 Per Yearaverage costDouble-Wide Mobile Home: $300-$700 Per Yearhigh costTriple-Wide Mobile Home: $550-$1,300 Per Year
post E-mail post Post   Comments (2)

Mobile home insurance covers damage to the home, theft, legal liabilities and property damage. Cost is based on the size and age of the unit, location and purchase price.

Typical costs:

  • Insuring a single-wide mobile home typically costs about $250-$700 per year, depending on age, purchase price, choice of deductible, level of liability coverage, size and location. For example, a manufactured home purchased for about $150,000 in Southern California will insure for about $700 per year through Manufactured Insurance Housing Services[1] , while a home purchased for less than $30,000 will insure at about $250 per year in the same area. Single-wide units typically measure from 14'-18' wide and are 60'-90' long.
  • Double-wide mobile homes are the most common sized units and often the least expensive to insure at about $300-$800 per year, depending on the age, purchase price, size, choice of deductible, level of liability coverage, and location. For example a $60,000 mobile home would cost about $300-$400 per year with Allstate[2] while a unit purchased for $100,000 would cost about $500-$600 annually. A double-wide mobile home is two connected single-wide units.
  • Insurance for triple-wide mobile homes will cost about $550-$1,300 per year, depending on age, purchase price, size, choice of deductible, level of liability coverage, and location. For example, a unit purchased for about $100,000 will insure for around $550, while a unit purchased for $250,000 will cost about $1,300 annually. Triple-wide units are created by joining three single sections together at one location.
Related articles: Homeowner's Insurance, Mobile Home Roofing, Mobile Home Skirting, Mobile Home Insulation, Mobile Home, Moving a Mobile Home

What should be included:
  • Basic insurance policies typically cover theft, damage and legal liabilities. Some companies will include flood insurance as part of the basic package.
Additional costs:
  • Additional hazard insurance will add to the cost. Expect to pay an additional $50-$120 per year for earthquake insurance on a single-wide unit, depending on size, age, and distance of home from major fault lines. The closer the home is to potential earthquake activity, the higher the price.
  • Flood insurance is mandatory in all areas deemed flood zones[3] and will cost about $130-$2,900 per year, depending on location, age and size of unit, and purchase price. When purchased separately through the Federal Emergency Management Association, the cost for a single-wide mobile home in a low-risk area could be $130-$600 per year, depending on age, size and location. While low-risk flood zones may qualify for annual premiums as low as $130, residents of high flood zones may pay more than $2,500 per year, depending on size and age of home, purchase price and replacement cost of home contents. Flood insurance premium estimates[4] and flood maps by area are available online through FEMA.
Discounts:
  • Many insurance carriers offer discounts of 10%-25% or $25-$500 annually, depending on coverage costs, when combining homeowner's insurance with auto policies.
  • Newer mobile homes tend to have more protective devices like smoke and carbon monoxide detectors, and anti-theft protections that lower coverage costs.
Shopping for mobile home insurance:
  • Owners of mobile homes built prior to 1976 -- when the U.S. Housing and Urban Development agency put federal manufacturing guidelines in place--should be aware that not all insurance companies are willing to cover these older units.
  • Check with statie manufactured housing organizations[5] when seeking insurance information. The California Manufactured Housing Institute offers tips on selecting mobile home insurance[6] .
  • Locate a flood insurance agent[7] through Floodsmart.gov.
  • Many insurance companies, including the Foremost Insurance Group, offer online agent locators[8] .
post E-mail post Post   Comments (2)
CostHelper News


3 Ways to Have the Government Pay You Back for Your Energy Efficient Upgrades
Any renovations or upgrades made to your home this year that included energy-efficient appliances could be eligible for some federal energy tax credits. But it's not just appliances. || Posted December 9 2013


7 Lesser-Known Discounts for the 50+ Crowd
As they age, members of the Baby Boomer generation don't like to admit that they're senior citizens, but they love getting discounts. It's kind of a quandary, because some of the best deals available are reduced prices for older folks. || Posted October 21 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments
I just bought a double wide mobil home in N. Fort Myers Fla.
Amount: $1,169.00
Posted by: Paul Shadoan in N. Fort Myers, FL.Posted: September 14th, 2013 10:09AM
Size of Mobile Home: 44x28Insurance Carrier: All State/Citizens
Afrer buying the unit I had all Inspections completed and was told every thing looked fine.
after sa few days I was turned down because of a piece of Polybutelene pipe was in the hot water area, witch the inspector placed in his report.
I am knot sure if I care about Insurance on the unit as I do about having Liabilty insurance if some one eelse were to get hurt on the property.
Was this post helpful to you?   yes     no Report prohibited or spam
Just want an average rate of insuring a double wide mobile home
Amount: $75,500.00
Posted by: Betty Kibat in Rogers, AR.Posted: August 22nd, 2013 05:08PM
Size of Mobile Home: 56' x 26'-8"Insurance Carrier:
I have just bought a double wide mobile home and want to get homeowners insurance. Please reply by email
Was this post helpful to you?   yes     no Report prohibited or spam


 

Comment On Your Experience With Mobile Home Insurance
 
Subject:  *
Amount Spent:  *
Size of Mobile Home: Insurance Carrier: 
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.mhis.info/
  2.  www.allstate.com/home-insurance/manufactured-home-insurance.aspx
  3.  www.floodsmart.gov/floodsmart/pages/flooding_flood_risks/prp_extension_for_property_own...
  4.  www.floodsmart.gov/floodsmart/
  5.  www.mobilehomeparkstore.com/mhp_associations.htm
  6.  cmhi.org/insurance.asp
  7.  www.floodsmart.gov/floodsmart/pages/choose_your_policy/agent_locator.jsp
  8.  www.foremost.com/agency-locator/index.asp
More Personal Finance Topics
Check Out All Costs for Personal Finance How Much Does Closing a Home Cost? How Much Does a Traffic Ticket Attorney Cost? How Much Do Funeral Flowers Cost?

Search Thousands of Topics on CostHelper.com



Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Cost of Comprehensive Treatment for 14 yr old
Paid: 6095.00
Consult & Records $225. Treatment, $5870, Ins. pays $1000, $974 down, $163 X 24 mos. Braces for 2 years, price includes two year while wearing braces and two additional years of follow up/maintenance... [more]
-TexasT
Braces Cost
declawing
Paid: 0.00
I had to have my Calico kittie declawed at 7 yrs old due to she was scratching everything but the scratching posts I had. She did fine..this was in 1994..so she was cut..no laser..she lived to be 18 years old with no behavior problems... [more]
-M.H.
Cat Declawing Cost
Price of 40 gal ELECTRIC hot water heater purchased at Lowes
Paid: 238.00
promised 2.5- 3 hrs. But, billed me at 3.5 x 85.00, plus cost of unit; so, $238 new Lowes Whirlpool, and $322 for labor/install= 560 total in Wilm NC to one bedroom condo, second floor... [more]
-daniel, rental condos
Replacing a Water Heater Cost
1st Tattoo
Paid: 0.00
I want a tattoo of 5 small birds and then "Forever in my Heart" under my left collarbone... [more]
-Cheyenne
Tattoo Cost
Molar Filling + Pulp Cap
Paid: 205.00
Cavity was almost to the root and would have required a root canal if I waited any longer. Paid $205 to a discount dentist (I qualified for 40% off since I am an adult on Medicaid)... [more]
-Beth in Reno
Cavity Filling Cost
Hernia Repair
Paid: 600.00
Repaired my umbilical hernia with 3 stitches. Tear was not large enough for a mesh. Total cost before insurance was about $6000. My out of pocket was around $600 since I hadn't met my deductible. Two days off work... [more]
-James_H
Hernia Repair Cost