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 (3)

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 (3)
CostHelper News


Forgotten Expenses In a Home Addition Budget
Items like construction costs, permit fees or debris removal aren't the only expenses to consider when calculating the total costs of a home remodeling project. || Posted August 5 2013


7 Ways to Stretch Your Reduced Food Budget
End of the year budgets are tight for everyone, especially in this economy.It's especially hard for the millions of Americans who depend on government programs like food stamps to help make ends meet. || Posted November 11 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments
mold
Amount: $5,500.00
Posted by: Mary Solberg in Rancho Cucamonga, CA.Posted: August 18th, 2014 07:08PM
Size of Mobile Home: doublewideInsurance Carrier: state farm
Shortly after moving into my "new 2006" mobile home, I became aware of a cracked waterline under the house. I had a plumber repair it. This was 2011. In 2014 January I became very sick..found it was black mold under thd house. It cost me $5500 + I am still paying for things caused by the mold. State farm refused to pay saying it was "pre-existing".
Was this post helpful to you?   yes     no Report prohibited or spam
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
simple re-keying turned into outrageous replacements
Paid: 1100.00
I wanted locks rekeyed for a purchased home. I found a locksmith who runs his own business and is a one man team. $40 fee, $25 each lock for labor, and parts. Fair enough. I told him I wanted 3 locks rekeyed and one broken lock replaced... [more]
-expensive lesson
Door Lock Cost
Braces 12 yr old son
Paid: 5100.00
Insurance will pay 2000. Try not to deal with a office accepting Horizon NJ Health /Medicaid. Your child may end up waiting over 30 minutes over the scheduled appointment because Medicaid pts. need to be seen first... [more]
-LavenderBlue
Braces Cost
Child 2 surface Cavity Fill
Paid: 170.00
My dentist charges $170 for a 2-surface filling on an elementary aged child. Total bill for 9 cavities and 6 sealants is $1900... [more]
-
Cavity Filling Cost
Shingles Vaccine
Paid: 162.50
Presented at Dr. Office with mild shingles diagnosis. Was given vaccine to treat possible post shingles neuralgia. Poster in exam room showed CDC FDA protocol guidelines changed from age 60 to age 50... [more]
-Flyngator
Shingles Vaccine Cost
Air duct and furnace cleaning
Paid: 320.00
Found a deal on groupon for $59, for duct cleaning. Two guys came out a week later. They cleaned all the vents then stuck a vacuum in the main vent, they said, and let the machine go to work... [more]
-Torro
Duct Cleaning Cost
timing chain replacement
Paid: 2000.00
2001 F150 timing chain, I'm getting quoted a grand more everyone on this site, why is that?... [more]
-Chris Clingshoff
Replacing a Timing Chain Cost