How much does mobile home insurance cost?

The mobile home insurance cost varies greatly depending on several variables. Gain a deeper understanding of mobile home insurance, including its cost and the coverage it offers.
The mobile home insurance cost varies greatly depending on several variables. Gain a deeper understanding of mobile home insurance, including its cost and the coverage it offers.

A must-have for mobile homeowners is Mobile Home Insurance.

This sort of homeowners insurance provides coverage for both the physical harm to the mobile home and the personal possessions inside. It also offers personal liability coverage and additional expenses coverage in case the damage leads to the mobile home becoming uninhabitable. To understand everything about Mobile Home Insurance, including the cost, check this out.

What is mobile home insurance?

Protect Your Mobile Home Investment with Mobile Home Insurance: A Safeguard for Your Property, Possessions, and Liabilities.
Protect Your Mobile Home Investment with Mobile Home Insurance: A Safeguard for Your Property, Possessions, and Liabilities.

The coverage of Mobile Home Insurance is similar to a conventional Homeowners Insurance policy. It provides protection for your mobile dwelling, your personal belongings, and third-party liabilities in the event of an injury on your property. The insurance also covers any additional expenses that may arise from temporary relocation and medical expenses for someone who incurs an injury on your property.

While it is not legally mandated, obtaining Mobile Home Insurance may be a requirement set by your mortgage lender or mobile community if you have a financed mobile home.

Even if it is not a requirement, it is recommended to insure your mobile home and its contents to safeguard your investment against loss and damage.

Comparing Mobile Homes and Manufactured Homes: Understanding the Distinctions

Mobile Homes and Manufactured Homes
Mobile Homes and Manufactured Homes

The terms "mobile home" and "manufactured home" are frequently utilized interchangeably, but there is a key distinction between the two. This difference is the date of construction, with homes constructed prior to June 15, 1976 being classified as mobile homes, and those built after that date referred to as manufactured homes.

Characteristics of manufactured homes typically include:

  • A one-level steel chassis that is movable.
  • Constructed in separate sections, then transported to the site on wheels.
  • Compliance with federal building codes.
  • Option to be placed in a basement or crawlspace.
  • Lower cost per square foot compared to on-site built homes.

While insurance providers that offer coverage for mobile homes may also insure manufactured homes, it's important to note that insurance plans may vary with specific coverages and exclusions for each type of home.

What does mobile home insurance cover?

Mobile home insurance offers various forms of protection, including:

  • Material damage - This coverage compensates for unintended harm done to your mobile home, supplementary structures (such as a patio or storage shed attached), and personal possessions inside the mobile home. Most policies safeguard against damage from occurrences like fire, hail, wind, theft, vandalism, and falling objects.
  • Personal responsibility - This coverage defends you if someone suffers an injury on your property or if you unintentionally harm someone else's property. It can provide coverage for the claimant's property damage, medical expenses, lost wages, and pain and suffering, and it also covers legal fees if a lawsuit arises from the claim.
  • Supplementary living expenses - This coverage pays for temporary housing and other expenses if a covered loss renders your mobile home unlivable.

What is excluded from coverage by a mobile home insurance policy?

Uncovering the Truth About Mobile Home Insurance Policies: What is Excluded?
Uncovering the Truth About Mobile Home Insurance Policies: What is Excluded?

Transit damages - Insurance protection usually does not extend to incidents that happen during transportation. Therefore, if you're relocating your mobile home, you may need to obtain an extra endorsement for coverage of both the structure and its contents during the move.

Floods - Mobile home insurance policies usually don't provide protection against damages caused by floods. However, you can acquire a standalone flood insurance policy.

Earthquakes - The majority of mobile home insurance policies do not cover damage caused by earthquakes. Similar to flood insurance, you can opt to purchase separate earthquake insurance.

What is the average cost of a mobile home insurance policy?

The expense of insuring a mobile home varies extensively depending on the level of coverage required and the specifics of the property, including its size, condition, and location. Kin, an insurance provider, states that mobile home insurance in California typically ranges from $250 to $1,300 annually.

Factors influencing the cost of mobile home insurance

The cost of your mobile home insurance policy is influenced by various elements. To have a better understanding of how much you may end up paying and to discover ways to lower the expenses, let us examine some of these factors more thoroughly.

Personal Factors

Residence Location - Your residing state affects the cost of your mobile home insurance premium. Typically, acquiring coverage in a state prone to severe weather events, such as hurricanes, tornadoes, and hail, is more costly compared to states with temperate climates.

Value of Possessions - The more valuable the items in your home, the higher the insurance premium will be. It may be necessary to obtain additional coverage above the standard policy limit to protect collectibles, jewelry, or firearms.

Claims Record - A new insurance provider will assess your claims history from any prior homeowner or mobile home insurance policies when determining the cost of your new policy. A history of frequently making claims can result in higher insurance coverage costs.

Mobile Home Factors

Value - The more valuable a mobile home is, the more costly it becomes to replace in the event of a covered loss. Thus, insuring a high-end modular home will result in a higher premium compared to a more aged one.

Age of Mobile Home - Insurance coverage for older mobile homes may be more expensive or even unobtainable. Such homes are considered to pose a higher risk as they do not adhere to the Department of Housing and Urban Development (HUD) standards.

Building Materials - The materials used in constructing a mobile home can also influence the insurance premium. Durable materials are less vulnerable to wind and hail damage, making claims less likely, and potentially lowering the insurance cost.

Insurance Coverage and Savings Opportunities

The type of coverage selected has a significant effect on the overall insurance expenses. To minimize these costs, you can opt for named-perils coverage.

A named-perils policy offers protection only for damages caused by specific hazards such as fire, lightning, hail, water damage, smoke, and vandalism. This is distinct from open-perils coverage, which covers all risks except those specifically excluded, such as earthquakes and floods.

While named-perils coverage may be cost-effective, it may not provide complete protection. If the named-perils policy doesn't encompass a specific hazard that leads to damages to your home, there will be no coverage for the loss, and you will have to bear the cost of repairing or replacing the damage out of pocket.

A more efficient way to decrease overall insurance costs is to look for available discounts. Some frequent discounts on mobile home insurance policies are:

  • Safety Equipment - Your insurance company may provide a reduction if you install or have safety devices, such as smoke detectors, fire extinguishers, or sprinklers.
  • Multi-Policy Savings - Combining your mobile home insurance and auto insurance policy could result in a discount.
  • New Home Deduction - Some insurance providers offer a discount for newly built manufactured homes that are under four years old.
  • Full Payment Reduction - Some insurance companies offer a reduction for paying the annual premium in one installment instead of breaking it down into monthly payments.
  • Automatic Payment Bonus - By choosing to pay your premium automatically, you may become eligible for an additional discount.
  • Paperless Invoicing - Your insurance provider may offer a reduction if you opt to receive policy documents and bills electronically.

Frequently Asked Questions About Mobile Home Insurance

Here are answers to some of the most frequently asked questions regarding this type of insurance:

Does homeowners insurance cover mobile homes?

Typically, a conventional homeowners insurance policy does not cover a mobile home. However, if you already have homeowners insurance, reach out to your insurance agent to inquire about the availability of mobile home insurance from your insurer. It may be possible to combine your homeowners, auto, and mobile home insurance policies, which may also qualify you for discounts offered by insurance companies to customers who carry multiple policies with them.

What amount of insurance is needed for a mobile home?

Just like conventional home insurance, your policy should furnish sufficient coverage to pay for the replacement cost of your mobile or manufactured home and its contents in case of a full loss.

Typically, most insurance policies have a coverage limit set for personal belongings at 50% to 70% of your dwelling coverage, but this might not be enough as it's challenging to pay for 50% of your home's replacement cost from your own pockets.

Is insurance necessary for a modular home?

While insurance for homes isn't legally required, it's always a smart idea to have coverage for any type of home you own. Additionally, your mortgage lender will likely demand it. Although modular homes are constructed using premium materials, purchasing insurance is still advisable to safeguard your investment.

Is Flood Insurance Necessary for Mobile or Manufactured Home Insurance?

If your loan for your mobile or manufactured home has been fully paid off and you do not reside in a flood-prone area, obtaining flood insurance is usually not a requirement. However, if you happen to live in an area susceptible to floods, it may be wise to consider purchasing flood insurance to safeguard your home and its belongings from flood damage. It is worth noting that even a small amount of water, such as an inch, can result in damage worth up to $25,000.

Homeowners Insurance Companies: 


American Family


Auto-Owners Insurance

Chubb Insurance

Erie Insurance

Farmers Insurance

The Hartford


Liberty Mutual



State Farm


The information about insurance providers included here is intended for informational purposes only and does not imply endorsement of any particular company or product. The writers of this content and the website itself are not authorized to sell or provide insurance advice. Not all coverage options, discounts, and features may be available in every state. To learn more about any of the companies mentioned or to get a quote, please reach out to an insurance company, agent, or financial advisor directly. The content is not a general recommendation for homeowners insurance products or a specific endorsement of a particular insurer or product. Any rates listed are provided as examples only. You should reach out to the insurance provider or agent directly to get applicable quotes.