Mobile Home Insurance Cost

• 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, 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 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.

• Basic insurance policies typically cover theft, damage and legal liabilities. Some companies will include flood insurance as part of the basic package.

• 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 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 and flood maps by area are available online through FEMA.

• 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.

• 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 when seeking insurance information. The California Manufactured Housing Institute offers tips on selecting mobile home insurance.
• Locate a flood insurance agent through Floodsmart.gov.
• Many insurance companies, including the Foremost Insurance Group, offer online agent locators.

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