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


10 Key Ways to Prepare for Extreme Snow
Forecasters are predicting a true nor'easter will hit the eastern and central states with rain, thunderstorms, ice, snow and high winds over the Thanksgiving weekend. It's crucial to plan ahead, before bad weather hits. || Posted November 26 2013


10 Most Popular Cosmetic Procedures Before the Holidays
With reunions and other get-togethers scheduled during the holiday season, most people want to look their best at this time of year. For some, that means filling in those wrinkles with a bit of botox, or having a nip and tuck down here and there. || Posted November 23 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
24hour locksmith
Paid: 115.00
This is a crooked company.24 hour locksmith in Omaha ne... [more]
-stuart
Locksmith Cost
A very long driveway! 50 YARDS
Paid: 40.00
Gave a $10 tip, so a total of $50. He ran truck thru driveway and hand shoveled the sidewalks, deck and steps. I tried to get a head start last night -but overnight the drifts grew to 5 and 6 feet or more... [more]
-Tuffy
Snow Removal Cost
Geo-Thermal
Paid: 0.00
We purchased a home built in 1992 with a Geo-Thermal. We were so excited, now we are Not impressed. Yes it is quieter, but the savings are not significant. Every year we have an issue and very few companies work on them... [more]
-LISAM
Geothermal Heat Pump Cost
Oil burner prime
Paid: 80.00
This seems like a lot of money to prime an oil burner. A task that takes 5 minutes and a bill for $80... [more]
-Mark Stevens
Furnace Tune-up Cost
Tummy tuck
Paid: 0.00
I'm a 46 yr old beautiful woman I only look about 35 I'm often mistaken for my 25 yr old sons wife however I'm fairly thin and fit but my tummy is large & sagging and gives me a huge complex I've done exercise dieting the rest of me ge... [more]
-Ahagg
Tummy Tuck Cost
Interpreter
Paid: 200.00
$200 was the best money ever spend in hiring Albanian court interpreter Mr Oliver Kici to interpret for a deposition my mother had on December of 2014 Having a professional interpreter made a huge difference on the way the deposition was h... [more]
-Edmond
Interpreter Cost