5 Best Mobile Home Insurance Companies | 2022 - MarketWatch
In this article: Top 5 providers | What mobile home insurance covers | Factors that affect rates | Conclusion | FAQs | Methodology
A mobile home, also known as a manufactured home, can have unique advantages over a traditional home or condo, such as lower purchase prices and flexibility in your home's location. However, it usually requires a unique form of insurance rather than a standard homeowners insurance policy since it has significant structural differences.
At the Home Media reviews team, we have analyzed the top homeowners insurance companies on the market and compared their mobile home insurance policies to help you find the best one for you and your manufactured home.
Top 5 mobile home insurance providers
After in-depth research, we found the following to be the best mobile home insurance providers:
Homeowners insurance rates vary based on your location, square footage and other factors. To get your personalized quote, use our free tool below:
Allstate mobile home insurance
- Our rating: 4.84 out of 5
- AM Best rating: A+
- J.D. Power rating: 829/1,000
Allstate has a long history in multiple insurance markets and knows its way around the industry, serving customers across the country with more than 113 million policies. In addition to mobile home insurance, it's a top provider of car insurance and homeowners insurance.
Pros and cons of Allstate mobile home insurance
+ Has a unique 5% discount if you're the original owner of the mobile home
+ Provides 10% off if you're more than 55 years old and retired
+ Offers the Claim RateGuard add-on to ensure your premium doesn't increase after a claim
– Can have limited customer service availability, depending on your local agent
– May not include loss of use coverage in the standard policies
Allstate cost and coverage
Discounts: The extensive list of discounts that could be available to you when you speak with an Allstate agent for your quote includes the original owner discount, a multi-policy discount for bundling with another insurance product, a protective device discount for having home security or fire safety systems, a senior discount for being 55 years or older and retired, and a discount for signing up at least seven days before your current policy ends.
Endorsements: When speaking with your local agent about your Allstate policy, you'll also be offered some additional coverage options that can be added, such as identity theft protection, water backup coverage, green improvement reimbursements, electronic data recovery, increased coverage for sports equipment or musical instruments, and business property coverage.
Why we chose Allstate
Allstate is our top pick for mobile home insurance because it offers an impressive combination of comprehensive policies, local customer service with its large network of agents, extensive discount opportunities and more. As a result, it outperformed all other companies in our in-depth review, scoring a 4.84 out of 5.
Although there's a lot we like about the company, Allstate may not be the right pick for you if you're looking for loss of use coverage with your mobile home insurance policy since it may not be available.
Get a quote: Get your personalized mobile home insurance quote by finding an agent near you on Allstate's website.
To learn more: Allstate review
State Farm mobile home insurance
- Our rating: 4.81 out of 5
- AM Best rating: A++
- J.D. Power rating: 835/1,000
With an A++ (Superior) financial strength rating by AM Best and nearly 100 years of experience, State Farm is another major player in the homeowners insurance industry, offering comprehensive mobile or manufactured home insurance policies nationwide.
Pros and cons of State Farm mobile home insurance
+ Can include fair rental value reimbursements if you lost rental income when your home is rented out
+ Has the highest J.D. Power customer satisfaction rating of the providers in this review
+ Often provides a wide range of additional coverage options that can be purchased through your agent
– Doesn't offer as many discounts as most of the competitors in this review
– Provides limited policy details online, making it challenging to compare coverage options without getting a quote
State Farm cost and coverage
Discounts: If you have home alert systems, such as fire safety devices or home security systems, you could receive a discount from State Farm. You could also be offered a discount for your manufactured home's model year. Your tenure as a State Farm customer comes with more savings opportunities — the higher the number of consecutive years you stay with the provider, the greater the savings.
Endorsements: Depending on your location, you may be able to add a handful of additional coverage options to your policy through your local agent, including replacement cost coverage, identity restoration coverage, earthquake coverage, home systems coverage, water backup coverage and off-premises structures.
Why we chose State Farm
State Farm may be your best place to start if you're a new owner of a mobile home looking for your first insurance policy. The company offers helpful online resources for learning about coverage and keeping track of your home's inventory, and it operates through local agents to give you a personalized customer service experience.
State Farm may not be your first choice if you're looking for a provider with multiple discount opportunities that can work to fit within your budget since it offers less savings than many of its competitors.
American Family mobile home insurance
- Our rating: 4.73 out of 5
- AM Best rating: A
- J.D. Power rating: 831/1,000
American Family is an insurance provider that's been around since 1927 and has proven itself with top renters insurance, homeowners insurance and mobile home insurance products on the market.
Pros and cons of American Family mobile insurance
+ Offers additional coverage for any damages to your mobile or manufactured home as it's being transported
+ Provides online quotes for mobile homes, unlike some competitors
+ Has a Diminishing Deductible benefit that lowers your deductible by $100 each year you renew your policy (up to $500)
– Doesn't include other structures in its standard coverage in mobile home insurance policies
– Covers mobile homes in only 19 states
American Family cost and coverage
Discounts: To save extra money on your mobile home insurance policy, you could qualify for discounts with American Family for bundling your home and car insurance coverage, having smart-home devices, purchasing a new home, paying for your policy in full and signing up for paperless billing.
Endorsements: You can add coverage with American Family for mismatched siding coverage, which helps pay for matching the materials of undamaged siding with the new, repaired siding during a claim, other structures coverage, trip collision coverage and coverage for hidden water damage.
Why we chose American Family
American Family has a solid reputation with customers, earning one of the highest J.D. Power customer satisfaction ratings in our review. It also has strong financial strength with an A (Excellent) rating from AM Best. We found that it stood out the most for its helpful online resources provided to homeowners, including a coverage calculator and a personal property inventory tool.
American Family does have limited state availability, so it may not be the best for those who don't currently live in or plan to move their mobile home into the following 19 states:
Get a quote: Get your personalized mobile home insurance quote from American Family.
To learn more: American Family review
Farmers mobile home insurance
- Our rating: 4.54 out of 5
- AM Best rating: A
- J.D. Power rating: 813/1,000
Farmers is another top provider of insurance for homeowners, including those who live in condos, mobile homes and manufactured homes. It operates across the country, serving more than 10 million households with a network of more than 48,000 independent agents.
Pros and cons of Farmers mobile home insurance
+ Includes claim forgiveness that prevents your premium from increasing after five continuous years without a claim
+ Has a green improvement add-on to help you upgrade your equipment to be more energy-efficient after a covered peril
+ Replaces your personal property that's lost or stolen, even when you're away from home
– Requires you to speak to an agent about your mobile home insurance quote
– Provides fewer endorsements than many competitors
Farmers cost and coverage
Discounts: You could be eligible for a discounted premium with Farmers if you have a home security system in your mobile home, don't smoke, bundle with multiple policies from Farmers, such as life insurance or car insurance, go paperless for billing and have a claims-free history.
Endorsements: Your local agent can offer optional coverage for green-home improvements to upgrade appliances or systems to energy-efficient models after a claim. You can also sign up for replacement cost coverage for extra personal property protection and identity theft coverage.
Why we chose Farmers
Farmers' mobile home insurance policies are customizable based on your specific needs. Your local agent can help make sure you get the best coverage, deductible and premium for your home that matches your budget.
Although Farmers' standard policies are highly customizable, the provider does offer fewer add-on options than many competitors, meaning it may not be the best choice for someone looking to maximize their extra coverage.
Get a quote: Find a local Farmers agent near you who can offer you a quote on your policy.
To learn more: Farmers review
Progressive mobile home insurance
- Our rating: 4.53 out of 5
- AM Best rating: A+
- J.D. Power rating: 821/1,000
Progressive is one of the most well-known auto insurance carriers in the country. It also brokers homeowners and mobile home insurance policies underwritten by its extensive network of partnered insurers, and it connects you to the right policy for your needs through its online quote tool. Its primary mobile or manufactured home insurance partner is Assurant.
Pros and cons of Progressive mobile home insurance
+ Provides an easy online quote tool for your mobile home through its partner company, Assurant
+ Provides multiple payment plan options for paying your premium
+ Allows you to customize your other structures coverage to $0 if you don't need it
– Doesn't write or administer its policies, but brokers policies through Assurant
– Not available in Washington, D.C., Florida and Hawaii
Progressive cost and coverage
Discounts: When secret-shopping for a mobile home insurance policy with Progressive, we were offered a discount for bundling, a discount for having a claims-free history and a discount for paying in full.
Endorsements: Depending on where you live, you may be offered a variety of endorsement options to fit your needs through Progressive's mobile home insurance partner, Assurant, such as replacement cost coverage for your home's dwelling and your personal property and trip collision coverage to help protect your mobile home when it's being moved from one location to another.
Why we chose Progressive
We recommend Progressive to homeowners looking to bundle their car and mobile home insurance policies since the provider offers a discount and single deductible benefit that combines the deductibles from each policy, saving you money out of your pocket during a claim on either policy.
However, if you don't want the confusion of working with a third-party insurer that underwrites your mobile home insurance policy, Progressive may not be your best option.
Get a quote: Get your personalized mobile home insurance quote from Progressive.
What does mobile home insurance cover?
Mobile home or manufactured home insurance covers most of the same things as regular homeowners insurance, just with adjusted coverage levels. Here are those common types of coverage and what they each mean:
- Dwelling coverage: This is the amount the provider will pay for your mobile home's structural repairs or replacements. It's typically equal to the total replacement cost of the home so that it can be fully rebuilt if it's ever damaged by a covered peril.
- Personal property coverage: This is the amount dedicated to paying for your personal belongings, such as your furniture, clothes and electronics, if they're ever damaged, ruined, lost or stolen during a covered event.
- Liability coverage: This coverage pays for legal fees or medical costs you could be held responsible for if someone visiting your mobile home gets injured.
- Medical payments to others: This helps pay for the medical bills of guests in your home that get injured even when it's not your responsibility.
- Loss of use coverage: This coverage is commonly known as additional living expenses (ALE) coverage. It covers expenses you could incur if your mobile or manufactured home is deemed uninhabitable after a covered peril. Your provider will pay these expenses while your home is being repaired or rebuilt.
- Other structures coverage: You can purchase this coverage type if your property has structures you'd like covered under your policy that aren't connected to your mobile home, such as a fence or a backyard shed.
These coverages can be accessed during a claim from a wide range of covered events or perils, such as a fire, snowstorm, severe thunderstorm, burglary or theft. You can also typically add coverage from most providers for identity theft protection and replacement cost coverage, but each provider offers its own unique array of endorsement options.
What factors affect mobile home insurance rates?
The cost of mobile or manufactured home insurance can vary significantly depending on several factors used by insurers to assess risk and estimate your premium, such as your location, personal information and mobile home's age. Here are more details about some of those factors:
- Location: The ZIP Code of your mobile home's primary location can significantly impact your policy's premium since it can inform the insurer of common environmental hazards near you and average materials and labor costs for repairs in your area.
- Model year: The Department of Housing and Urban Development (HUD) enacted the Manufactured Home Construction and Safety Standards (MHCSS) in 1976, establishing safety regulations for manufactured homes. Your insurer may charge more for mobile homes built before that year due to the looser regulations during their construction. Additionally, newer manufactured homes are typically cheaper to insure since they may be less likely to need repairs after a covered peril.
- Claims history: If you have filed a homeowners insurance claim within the past five years, your mobile home insurance policy will likely be more expensive than someone with a clean claims history.
- Credit score: When getting a quote on your mobile home insurance, you may be asked to provide your Social Security number for a credit check, and your credit score may affect your rate.
- Discounts: You can typically take advantage of savings opportunities from these providers for home security systems, fire alarms, paperless billing and more.
- Policy customization: You'll also be able to customize your policy to fit your budget when getting your mobile or manufactured home insurance policy. This can include changing your liability coverage limits and choosing a deductible from a list of options.
The bottom line: Which mobile home insurance provider is best for you?
Purchasing insurance for your mobile or manufactured home can be challenging since many homeowners insurance providers also offer mobile home insurance. Although Allstate impressed us the most in our review for its comprehensive policies, extensive discount options and helpful add-ons, you may lean toward another provider based on your specific needs.
Whether it's American Family for its valuable online resources or Progressive for its best-in-class bundling benefits, the provider you choose should fit your needs and budget. Since pricing varies depending on each situation, we recommend getting quotes from a few options to compare premiums and coverage offered specifically to you.
Get instant quotes from insurers by entering your zip code here or calling 855-948-5219.
Methodology: Our system for ranking the best home insurance companies
Our team surveyed dozens of home insurance providers and created a scoring system to judge each company's quality and service. We reach out for sample quotes, both over the phone and on the internet, to simulate an authentic customer experience. Here are the factors that account for our provider reviews:
- Coverage (20%)
- Customer service (15%)
- Technology (15%)
- Reputation (15%)
- Additional benefits (15%)
- Cost (20%)
Companies with the best customer service exhibit 24/7 availability, educational resources on their website, useful digital tools and a seamless claims-filing process. We compare data from each company's Better Business Bureau page, customer reviews, registered complaints, and years of experience to score reputation.
Additionally, we dig into specific quotes and policy details to determine the value that each company offers in coverage, cost and additional benefits. Providers that offer extensive discount options, endorsements, customizable coverage options and unique features score significantly higher than those that don't, putting them toward the top of our recommendations to readers.
*Ratings listed in this article are accurate as of April 2022.
AM Best disclaimer
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