How Much is Mobile Home Insurance?

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How Much is Mobile Home Insurance?

Mobile or manufactured home insurance (HO7) ranges from $500 to $1,500 per year across the United States, averaging $1,000 annually. In some states, annual policy premiums go as low as $300 – $500 each year.

Many factors affect the price, including location, size, mobile home value, deductible amount, personal data like your credit score, coverage, and more. We have discussed more on those factors below.

Let’s dive into all the factors affecting your final quote.

How Much Is Mobile Home Insurance in All 50 States
We have compiled a list of mobile home prices in all 50 states based on an average coverage amount of $250,000.

State	Cost of Mobile Home Insurance
Alabama	$1,548
Alaska	$1,291
Arizona	$825
Arkansas	$300-$1,000
California	$500-$1,100
Colorado	$1,100
Connecticut	$1,00
Delaware	$407
Florida	$250-$700
Georgia	$500-$1,100
Hawaii	$1,083
Idaho	$940
Illinois	$1,477
Indiana	$500-$1,000
Iowa	$1,502
Kansas	$2,461
Kentucky	$1,839
Louisiana	$2,355
Maine	$982
Maryland	$1,289
Massachusetts	$1,307
Michigan	$1,120
Minnesota	$1,634
Mississippi	$2,442
Missouri	$250-$1,300
Montana	$1,770
Nebraska	$2,787
Nevada	$1,047
New Hampshire	$898
New Jersey	$1,774
New Mexico	$1,319
New York	$969
North Carolina	$1,086
North Dakota	$1,323
Ohio	$1,111
Oklahoma	$3,249
Oregon	$712
Pennsylvania	$730
Rhode Island	$1,193
South Carolina	$1,142
South Dakota	$1,858
Tennessee	$1,629
Texas	$3,429
Utah	$783
Vermont	$1,197
Virginia	$1,083
Washington	$863
West Virginia	$1,124
Wisconsin	$986
Wyoming	$1,078

Mobile Home Insurance Cost by Size
While the average mobile home insurance cost is $1,000 or $500 to $1,500 per year, one of the most significant factors influencing premiums is the type of mobile home you own, single, double, or triple wide. So, we broke down the average price for each.

Most agents and insurers will ask you for the size of your mobile home by width and length, not whether it is a single, double, or triple wide mobile home. The table below shows the average sizes of different mobile homes and average mobile home insurance costs.

Type	Width	Length	Sq. Footage	Insurance Cost
Single	12 to 18 feet	40 to 80 feet	480 to 1,440	$300 – $1,500
Double	20 to 26 feet	32 to 80 feet	640 to 2,560	$400 – $2,000
Triple	30 to 54 feet	32 to 80 feet	960 to 3,600+	$800 – $2,700

• Single-Wide. Again, the price varies by carrier and location, but expect to pay around $300 – $1,500 for a single wide mobile home.
• Double-Wide. You can expect to pay from $400 – $2,000 for a double-wide mobile home.
• Triple-Wide. You can expect to pay around $800 – $2,700 per year for a triple-wide mobile home.

Factors That Determine Your Mobile Home Insurance Cost
Many specific mobile home features affect the price of an insurance policy. For example, mobile home insurance costs fluctuate by the carrier and the coverage they provide. Also, your personal data, the mobile home itself, and the coverages you buy all affect your final premium price.

Personal
There are many personal factors mobile home insurance companies use to decide your rate. Let’s look at the most common elements.

• Location. Where you live is the biggest factor that affects your insurance premium. For example, Louisiana is high risk compared to Oregon due to hurricanes and winds. Mobile homeowners in Louisiana pay three times as much as Oregon homeowners.
• Claims History. Your claims history can affect both eligibility and premiums. The average timeframe that claims remain on your record is five years.
• Your Credit History. Many states allow carriers to assess your credit score when setting your premium.
• Insurance Score. Your insurance score includes your credit score, claims history, and many other factors deciding your personal risk. You can improve your “insurance score” by doing the same things you would do to improve your credit score plus minimize your claims.

The Mobile Home
Details about the mobile home will also affect your manufactured home insurance rate. Influencing factors include:

• Cost to Replace Your Mobile Home. The cost to repair or replace your mobile home figures out your dwelling coverage amount. A mobile home covered for $400,000 costs more to insure than a $150,000 mobile home.
• Condition of Your Mobile Home. Insurers also pay attention to the condition, even in newer homes. E.g., underwriters pay close attention to the roof’s condition since an older roof increases the risk for water damage inside the home.
• Type of Mobile Home. Manufactured homes are available as single-wide, double-wide, and triple-wide. The width, length, and total square footage are what differentiates one from the other.
• Age of Your Mobile Home. Older mobile homes cost more to insure because they often have outdated systems, such as plumbing or electricity.
• Safety Features. Many carriers offer discounts for added safety features, such as alarm systems.

Your Coverage

• Coverages. You will have the option to increase some of your policy limits. For example, most policies offer $100,000 in liability coverage. Although the Insurance Information Institute recommends higher liability limits, and the extra cost is minimal.
• Deductible. The higher the deductible, the lower the premium. Most companies offer deductible options from $500 to $5000.

Mobile Home Insurance Discounts
Your mobile home insurance company may offer discounts to help lower your annual premium. Some common discounts to help lower your premium include:

• Bundling. Many mobile home insurers offer discounts for buying more than one product with them. The average savings is 20%, with discounts going as high as 29%.
• Fire Alarm & Sprinkler. Some carriers offer a 5% discount for fire loss prevention systems. Fire and smoke alarms also reduce the risk of death by 50%.
• Security System. A monitored alarm security system can save you up to 10% on your insurance policy.
• Mobile Home Construction Credit. Also known as the ANSI/ASCE Credit, this applies to homes constructed after 1994. The percentage saved varies from company to company.
• Impact Glass and Roof Credit. Installing impact-resistant glass or using an impact-resistant roof material can save you up to 35% in some parts of the country.
• Storm Shutter Credit. Installing storm shutters can save you 8-10% on your annual premium.
• Original Owner. Get 5% off your annual premiums if you are the original titleholder.
• 55 and Retired. Get 10% off your annual premiums if you are 55 and retired.

Mobile Home Insurance Qualifications
You must understand the differences between mobile and manufactured homes. Anything built before 1976 is a mobile home built with minimal building code standards. Anything built after June 15, 1976, is a manufactured home built with federally mandated stricter building codes.

1976 is when the federal government implemented stricter safety standards. These definitions are declared by the Department of Housing and Urban Development and impact one’s ability to get a HUD loan.

They also affect the ability to get mobile home insurance as technically mobile homes pre-1976 are more prone to hazard risks. However, our licensed agents will work with you to find coverage if you have an older mobile home.

Also, all mobile homes must have a permanent foundation anchored to the ground to qualify for mobile home insurance. Otherwise, it is considered a moving trailer, which needs a different type of insurance.

What Does the Cost of Mobile Home Insurance Include?
Typically, mobile home insurance covers the following:

• Covered Perils. Your dwelling, or mobile home structure, has open perils coverage. That means the policy covers any disaster unless it gets listed as an exclusion, like earthquakes and floods. See the image above for examples of perils not covered.However, your policy covers your personal belongings with named perils coverage, which means only perils named or listed in your policy get covered from damage and loss. See the image above for examples of named perils.
• Dwelling Coverage. Covers your mobile home structure if a covered disaster occurs, such as wind or fire. Permanently attached structures, like solar panels, decks, and carports are also underwritten under this coverage. You should buy enough dwelling coverage to replace your mobile home with a new one.
• Detached Other Structures. Structures not permanently attached to your mobile home, like a shed. This coverage has a limit of 10% of your dwelling coverage.
• Personal Property. This coverage is for your personal belongings. Personal property coverage limits usually are 30% – 70% of your dwelling limit. Most policies have sub-limits for item categories, e.g., electronics and firearms.You may want to buy a scheduled personal property endorsement to increase coverage limits for them. See the image for more examples.
• Personal Liability Protection. Pays your legal fees and the settlement if someone gets injured on or off your property and sues you. It also pays for repairing or replacing other people’s personal property if you or your property caused the damage. Most policies include a limit of $50,000 for mobile homes. You can increase that, though.
• Medical Payments. If someone gets hurt by you on or off your property and does not sue you, this pays for their medical expenses. Typically, policies carry a limit of $1,000, with an option to raise it to $5,000.
• Additional Living Expenses. If you get displaced from your mobile home after a disaster your insurer covers, this pays for those extra expenses. E.g., hotel, food, and transportation.

Property Valuation
Typically, mobile home insurance comes with actual cost valuation (ACV), which subtracts depreciation when you file a claim. However, you can upgrade your dwelling and personal property coverage to replacement cost valuation (RCV), which pays the retail price to repair property damage or buy new things.

As noted above, each coverage has a dollar limit or the maximum amount your insurer pays for each category. You will also choose a deductible that gets subtracted from each claim incident.

Earthquake, Wind, and Flood Insurance
Typically, insurers exclude earthquakes and flood insurance from mobile home policies. But you can buy separate endorsements to cover those hazards. In addition, insurers include wind damage on most policies, but if you live in a high-wind area, your policy will likely have a separate deductible for strong winds.

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