Find the Cheapest Homeowners Insurance Quotes in Your Area
If you're looking for a mobile home insurance policy, also called manufactured home insurance, you should balance a variety of considerations when making your purchase, including cost and coverage features. To help you find the right coverage, we've identified the top-rated mobile home insurance companies and compiled a guide to finding the best manufactured home insurance policy for your property.
Top-Rated Mobile Home Insurance Companies
Below are our recommendations for some of the best mobile home insurance companies based on coverage features and opportunities to save. Ultimately, the best mobile home insurance for you will be the insurer that will combine coverage suitable to your mobile home with competitive prices—and no single company is the best fit for everyone. If you're looking for an insurer outside of our listed companies, most of the major homeowners insurance companies insure manufactured homes—however, the insurers below specialize in this type of policy. After our recommendations, we've provided some tips on how to shop for the best mobile home insurance policy for you.
Best mobile home insurance companies:
- American Family
Assurant: If you shop for a mobile home insurance policy with major insurance carriers such as Geico, Progressive or Liberty Mutual, you'll be redirected to their partner, Assurant, for a mobile home policy. Shopping with Assurant is a great way to start your search, as it's one of the only companies that will offer you an instant mobile home insurance quote online. We recommend using this tool to get a point of comparison for mobile home insurance rates before talking to insurance agents from other companies. Assurant's mobile home insurance also includes flood coverage, a rare feature that's not typical of most mobile home or homeowners insurance policies. However, its policies do not offer some of the optional coverage features that other insurers do, such as trip collision and identity theft coverage.
Farmers: If you get a mobile home insurance policy with Farmers, you'll be buying from one of the most established insurers in the country. Farmers policies offer all the standard mobile home insurance coverage features with a host of optional additional coverage options, including earthquake, identity theft, hobby farming and ranching liability, water backup damage and trip collision coverage. However, with Farmers—and with all insurers on this list except for Assurant and Foremost—you'll have to contact an insurance agent to get a price on your policy rather than getting an instant quote online, taking away some of the transparency of the shopping process.
Foremost: Foremost, a subsidiary of Farmers, offers all standard and optional coverage features for your mobile home, but its most competitive feature is its extended replacement cost coverage. This means if you get a mobile home insurance policy with Foremost and your home is totally destroyed, you'll be eligible to be reimbursed up to 20% above the value of your policy limit. For example, if you buy $50,000 worth of dwelling coverage and a fire burns down your mobile home, valued at $60,000, you'll still be fully covered. With Foremost, you won't be able to get an instant quote online, but you can enter all the details about your mobile home on its website and receive a quote, via email, within 24 hours.
Allstate: If you get mobile home insurance with Allstate, you'll have the security of purchasing a policy with one of the largest and most established insurers in the country, and you'll have access to some unique coverage features. We found that Allstate's mobile home insurance policies include some interesting optional coverage features that other insurers don't, such as mine subsidence coverage and property protection for damage to satellite dish antennas. Therefore, Allstate is likely your best choice if you live in an area vulnerable to mine subsidence or hail, such as Pennsylvania and Texas, respectively. Allstate also has a competitive slate of discounts. Beyond the multipolicy discount offered by most insurers, Allstate provides discounts for retired persons and customers who are the original titleholders of their mobile or manufactured homes.
American Family: Our final recommended insurer is American Family Insurance. American Family is one of the top eight home insurers in the country by market share, and its standout characteristic is its breadth of discount options. American Family offers with a variety of opportunities for low-risk shoppers—those considered to be less likely to file a claim—to save. For example, if your mobile home is recently purchased, or if it is equipped with smart home safety devices, American Family will offer you discounts on your premiums.
What is Mobile Home Insurance?
Mobile home insurance provides financial protection in case your mobile home is damaged by unexpected disasters or accidents, as long as those incidents are perils covered by your mobile home insurance policy. These policies are equivalent to homeowners insurance for a manufactured home. However, although a mobile home insurance policy covers similar perils as a homeowners insurance policy, the policy and its coverage is distinct.
What Do The Best Mobile Home Insurance Policies Cover?
When shopping for mobile home insurance, you should ensure it has four standard coverage features that are the foundation of any good mobile home policy: Dwelling, personal property, liability and loss of use coverage.
Dwelling coverage: Dwelling coverage reimburses you for damage to your mobile home caused by a covered peril, such as fire or wind damage, up to your selected policy limit. Some mobile home insurance policies may also cover perils not traditionally covered by homeowners or renters insurance, such as flood damage.
Personal property coverage: This type of coverage pays to replace damage to personal belongings on your property. Personal property coverage for mobile homes is usually adjustable but capped at a certain percentage of your dwelling coverage limits.
Liability coverage: Liability coverage protects you against costs associated with the legal liability of damaging someone else's property or injuries sustained to guests on your property. For example, if a guest sues you to recover the costs of injuries sustained after part of your mobile home collapses, your insurer will cover your defense up to policy limits.
Loss of use coverage: If your mobile home becomes uninhabitable, this feature pays for your living expenses above and beyond your normal expenses—such as the cost of a hotel—up to your policy limits.
Most standard mobile home insurance policies include these coverage features, but there are a variety of additional coverage features that you should look for when shopping. Depending on the insurer, these features may come standard or at an additional cost. For example, trip collision coverage, which reimburses you for damage incurred when transporting your mobile home, may be particularly useful for those who plan to relocate their mobile home relatively frequently. Ultimately, you should select a policy that balances your desired cost with coverage features that fit your needs.
|Additional coverage feature||What does it cover?||Offered by our top rated companies?|
|Trip collision||Damage incurred to a mobile home when it's being transported. Coverage may include the initial transport mobile home post-construction, subsequent transport or both.||All except Assurant|
|Additional structures||Damage to adjacent or separate structures near your mobile home, like a garage.||Yes|
|Hobby farm or ranch liability||The potential legal exposure of a hobby farm or ranch used near your mobile home, such as someone getting sick from eating your homegrown food.||Only by Farmers and Foremost|
|Replacement cost coverage||Damage to your mobile home, personal property or other structures may be covered at replacement cost for an additional fee. This means that your property will be repaired at full value, ignoring depreciation or wear and tear.||Yes|
|Water backup coverage||Water damage resulting from backed up sewers or drains. As in homeowners insurance policies, this is generally optional additional coverage.||Only by Farmers and Foremost|
|Identity theft||The costs associated with correcting issues caused by identity fraud or theft. This is almost always an optional coverage feature for an additional cost.||All except Assurant|
What Factors Affect How Much Mobile Home Insurance Costs?
When you're shopping for a mobile home insurance policy, you should be aware of the variety of factors that can affect the cost of your policy. To simplify, factors that make you and your mobile a home less risky in the eyes of your insurance company—a newer mobile home model, having a clean insurance history or residing in a safer location—tend to lower the price of your policy, holding all other factors equal. Factors that increase the risk of your mobile home insurance policy—unrepaired damage to your manufactured home, for example—will increase your cost.
We've listed a variety of factors your insurer may ask you about when you're shopping for a cheap mobile home policy. Keep in mind that the calculation of your policy may not be limited to these factors and that different insurers may weigh these considerations differently when calculating your mobile home insurance cost. For this reason, you should always compare mobile home insurance quotes against each other, as no single insurer will be best for every situation.
Find cheap mobile home insurance by being aware of what factors affect your rates...
|Cost factor||How does it affect your cost?|
|Coverage limits||You'll want to cover your mobile home up to its full replacement value. Just like insuring a mansion is more expensive than insuring a one bedroom apartment, bigger and nicer mobile homes will cost you more to insure.|
|Model year||Insurers will typically charge you a higher premium if you have an older mobile of mobile home. We found if you bought your mobile home 10 years ago, you could pay as much as $100 more each year for insurance than the owner of a new mobile home.|
|Recent loss history||If you made recent insurance claims involving covered perils like fire or water damage, an insurer is more likely to charge you a higher rate.|
|Whether you reside in a mobile home park||From gathering mobile home insurance quotes, we found that slight discounts may be offered if your mobile home resides in a mobile home community. For example, using Louisiana rate filings for Foremost Insurance, we found that dwelling coverage for an insurance policy for a mobile home valued at $50,000 was 16% cheaper if it was located in a park.|
|Tied-down homes||Given that they aren't build upon a foundation like standard homes, mobile homes are more vulnerable to wind damage. If your mobile home is tied down or anchored, it will likely get you a cheaper rate.|
|Skirting||Skirting refers to the material covering the bottom of your mobile home, such as vinyl or brick. Skirting provides additional home protection by insulating pipes and keeping out animals, and the safety provided may get you a cheaper insurance rate.|