Home > Home Insurance > 5 Best Mobile Home Insurance Companies (October 2022)

5 Best Mobile Home Insurance Companies (October 2022)

Updated Nov 9, 2022

Updated Nov 9, 2022

Home > Home Insurance > 5 Best Mobile Home Insurance Companies (October 2022)

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Mobile homes are unique dwellings subject to different risks than ordinary homes and, as such, require different home insurance. Many of the best homeowners insurance companies for ordinary homes also offer HO-7 policies that cover mobile homes, but just because a company is well-known for providing high-quality homeowners insurance for single-family homes doesn’t mean they’re the right choice for mobile homeowners.

This guide is designed to help people who own manufactured homes find the best home insurance by taking a look at the five best home insurance companies that cover mobile homes.

The 5 Best Mobile Home Insurance Companies of October 2022

Most major insurance companies provide some coverage for mobile homes, but the best companies for single-family homes are not necessarily the best choice for protecting mobile homes. Here’s a look at our top picks for the best mobile home insurance companies:

  • Lemonade: Quickest Claims Process
  • State Farm: Most Affordable
  • Nationwide: Best Optional Coverages
  • Progressive: Best for First-Time Home Buyers
  • Allstate: Best for Retirees

Compare the Top Mobile Insurance Companies

The following table summarizes the key information about the best mobile home insurance companies.

CompanyHouse Method Star RatingA.M. Best RatingAnnual Premium for Mobile HomeSavings vs. National Average
Lemonade4.8N/A$800$50
State Farm4.8A++$700$150
Nationwide4.6A+$825$25
Progressive4.5A+$850$0
Allstate4.4A+$900$-50

Lemonade: Quickest Claims Process

Lemonade is a modern home insurance company focused on making homeowners insurance easier for everyone. The company was founded in 2015 and quickly made a name for itself by providing basic home insurance coverage at an affordable price in an easy-to-use package. Lemonade’s customers manage their policies through a convenient mobile app where they can request mobile home insurance quotes, change their policies, and file claims.

While some may view Lemonade’s inexperience as a negative, many of its customers view the company’s youth as an advantage since it helps them offer a fresh perspective on homeowners insurance. If you’re looking for standard coverage for your mobile home and want the best customer experience with the fastest claims processing in the industry, Lemonade is probably your best option.

Unfortunately, the company isn’t available everywhere in the country, so you might not be able to use Lemonade, depending on where you live. Otherwise, the only downside to choosing Lemonade to cover your mobile home is that it can be difficult to talk to a representative when the mobile app’s sophisticated claims processing fails — which is infrequently.

Quickest Claims Process

Why We Chose Lemonade

Lemonade offers a refreshing experience befitting its name, making it easier than ever to make claims and amend your policies. It feels like the only choice for mobile home residents who want a truly modern experience.

The company’s policies strike a good balance between affordable monthly premiums and reasonable deductibles and coverage limits. It also has a decent, but not great, selection of optional add-ons to choose from for people who want more extensive coverage.

Below, we’ll include some upsides and downsides of working with Lemonade to insure your mobile home.

Pros and Cons of Lemonade Mobile Home Insurance

Pros

  • Most user-friendly customer experience by far
  • Easy-to-use mobile app
  • Affordable monthly premiums
  • Solid standard coverage

Cons

  • Not available everywhere
  • Limited add-on coverage options

Cost and Coverage

The average cost for Lemonade mobile home insurance is around $800 per year, $50 less than the national average of $850.

Lemonade’s coverage is solid, but the company doesn’t offer as much coverage as other companies for its cost. Instead, the company focuses on allowing customers to supplement their coverage through a decent selection of optional add-ons.

State Farm: Most Affordable

State Farm has been in the insurance business since 1922, giving it a century of experience protecting Americans’ homes. The company prides itself on offering comprehensive coverage at very competitive rates, making it accessible to most mobile homeowners.

Despite its long history, State Farm is modernizing its approach to homeowners insurance by rolling out an online quoting system. Unfortunately, as of this writing, online quotes are only available in certain regions.

Why We Chose State Farm

State Farm offers more substantial coverage in its standard plans, giving customers more value for their money and eliminating the need for an extensive set of optional endorsements. This is a big advantage over other companies that make you build your own policy by cobbling together supplemental coverage.

Another reason to choose State Farm is its widespread availability. The company operates in all 50 states, so you can keep your policy with State Farm even if you decide to pick up your roots and move across the country.

Below are some pros and cons you’ll experience insuring your mobile home with State Farm.

Pros and Cons of State Farm Mobile Home Insurance

Pros

  • Very affordable
  • Great standard policies
  • Widespread availability
  • Online quotes in some places

Cons

  • Not many discounts available
  • Limited access to online quotes at this time

Cost and Coverage

State Farm’s average annual cost for mobile home insurance is $700, $100 cheaper than the national average.

The company’s coverage is more extensive than other companies’ policies at this price point. A consequence of the low price of State Farm’s standard policies is that the company offers relatively few optional add-ons compared to its competition.

Nationwide: Best Optional Coverages

Nationwide is another industry giant and has been in business since 1926. The company takes a complementary approach to State Farm’s, offering an extensive lineup of add-on coverages that allow customers to customize their plans to fit their needs.

The company is also one of the best insurance providers for mobile home residents looking for discounts. Nationwide offers multi-policy discounts, first-time buyer discounts, and discounts for not making claims. While its standard policies are not the most affordable on this list, Nationwide manages to provide high-quality coverage at a competitive rate.

One of the only drawbacks to choosing Nationwide to protect your mobile home is that it’s not available in all 50 states. As of this writing, Nationwide is not available in Alaska, Hawaii, New Mexico, Louisiana, Florida, New Jersey, and Massachusetts.

Best Optional Coverages

Why We Chose Nationwide

Nationwide has an excellent reputation for providing stellar customer service to back its world-renowned coverage. If you’re not averse to getting your hands a little dirty digging into the company’s long list of optional coverages, you’ll find its coverage and service unparalleled.

Below are some pros and cons Nationwide brings to the table.

Pros and Cons of Nationwide Mobile Home Insurance

Pros

  • Unmatched variety of options available
  • Affordable policies
  • Almost 100 years of experience

Cons

  • Not available nationwide, despite its name
  • Online quotes are not available for single policies

Cost and Coverage

Nationwide’s annual premium for mobile home insurance coverage is approximately $825 on average, slightly below the national average.

Progressive: Best for First-Time Home Buyers

Progressive has over 80 years of experience in the home insurance business and remains one of the largest and most well-known insurance providers today. The company does a good job of keeping up with the times, offering online quotes and a mobile app that makes it easy to view and change your policy on the go.

Progressive’s HO-7 policies provide the same dwelling coverage, liability protection, and coverage for personal belongings as its standard HO-3 policies.

The only thing to watch out for with Progressive if you’re considering the company for your manufactured home insurance is third-party underwriting. While having your insurance underwritten by an independent company isn’t inherently bad, most homeowners prefer to deal with the company they contact for a quote. You should ask your insurance agent during your free quote appointment if you have concerns.

Progressive Home Insurance

Why We Chose Progressive

Progressive is one of the best companies for first-time mobile home buyers because it offers discounts for new owners. New homeowners tend to prefer bundling their home and auto insurance to make it easy to keep track of their insurance as they adjust to their new lifestyle. Progressive encourages bundling by offering multi-policy discounts — in addition to the aforementioned new buyer discounts.

Below are some benefits and drawbacks to using Progressive for your mobile home insurance.

Pros and Cons of Progressive Mobile Home Insurance

Pros

  • Discounts for new mobile home owners
  • Convenient mobile app
  • Bundling an HO-7 policy with car insurance is easy

Cons

  • Discounts aren’t the same everywhere
  • Some policies handled by a third-party

Cost and Coverage

Progressive’s yearly premium for mobile home insurance is right around the national average of $850.

Allstate: Best for Retirees

Allstate is one of the country’s largest homeowners insurance providers, with locations in all 50 states and 85 years of experience protecting people’s homes. Despite its long history, Allstate isn’t stuck in the past. The company keeps up with its competition by offering a mobile app and online claims processing, making it a great choice for older folks who aren’t afraid of leveraging modern technology for their benefit.

Allstate Home Insurance

Why We Chose Allstate

Unlike the insurance companies on our list so far, Allstate offers a few incentives to older homeowners in the form of exclusive discounts. The company offers specific discounts to retirees, as well as discounts for being the original owner of your mobile home, making it a great option if you’ve lived in your mobile home from the beginning.

The company’s prices aren’t the best, but it makes up for it by offering an easy-to-use mobile app and providing an excellent selection of optional coverage add-ons.

Below, we’ll discuss some upsides and downsides of using Allstate to insure your mobile home.

Pros and Cons of Allstate Mobile Home Insurance

Pros

  • Discounts for retirees and original title holders
  • Mobile app available
  • Excellent add-on coverage options

Cons

  • A bit expensive
  • No online quotes

Cost and Coverage

Allstate is on the expensive side, with annual premiums around $900, $50 per year higher than the countrywide average.

Contact any of the providers below for a free quote for mobile home coverage today.

What Does Mobile Home Insurance Cover?

Mobile home insurance is similar to ordinary homeowners insurance and typically covers the same things. In general, a manufactured home insurance policy — technically called an HO-7 policy — covers your mobile home itself, usually called dwelling coverage, the contents of your mobile home, and liability coverage.

Coverage for your home’s physical structure is usually limited to certain types of damage, typically called “perils” in insurance lingo. Common perils covered by mobile home insurance include:

  • Fires
  • Theft
  • Identity theft
  • Vandalism
  • Wind
  • Hail
  • Water damage
  • Damaged caused by another person’s vehicle
  • Ice and freezing pipes
  • Riots and civil unrest

Many HO-7 insurance policies also cover other structures that are not part of your mobile home, such as nearby patios, porches, and extensions.

Mobile home insurance policies also cover the contents of your home, protecting them from damage from covered perils and theft. Virtually all HO-7 policies also offer some amount of liability coverage, which helps cover medical expenses associated with injuries in and around your mobile home.

Your policy will pay you whenever you experience a covered loss if your policy has replacement cost coverage. Most policies determine the amount they pay for replacement costs by determining the cash value of the items that were damaged and reimbursing you for that amount minus any depreciation.

Some policies take a slightly different approach, paying you enough to cover the cost of replacing items you lost with new ones. Make sure you understand what kind of coverage you’re getting before you sign any contracts.

Manufactured home coverage usually does not include coverage for natural disasters like hurricanes, tornados, and earthquakes, so you’ll have to purchase separate add-on coverage if you live somewhere that warrants it. It’s important to note that mobile home insurance typically does not cover your home while it is being transported.

Make sure to read the fine print before choosing any insurance policy since exclusions may vary. If you’re not comfortable with the level of personal property coverage from a company’s standard policy, ask about its additional coverage before writing the company off altogether.

How Much Does Mobile Home Insurance Cost?

Mobile home insurance costs vary by location, company, and coverage level. The national average cost of mobile home insurance is around $1,000 per year, with most policies falling between $700 and $1,300 per year. Note that in terms of cost, there isn’t much difference between a standard homeowners insurance policy for permanent dwellings and mobile home insurance.

What Influences Mobile Home Insurance Rates?

The main factors that determine mobile home insurance rates are where you live, how much coverage you need, your mobile home’s age, and your claims history.

Insurance rates vary by region to account for differences in risk between different places. Living in a mobile home near a coastal floodplain poses a greater risk than living inland in an area without many weather-related risks. If your insurance company thinks the area you live in is more likely to result in claims that cost them money, your rates will be higher than if you lived somewhere the company believes to be less risky.

HO-7 policies that cover more perils or offer coverage outside of strictly named perils cost more than policies that offer more restrictive coverage. In general, the more perils your policy covers, the higher your monthly premium will be.

Your monthly premium will also depend on your deductible, the amount of money you need to spend before your coverage kicks in. Plans with low deductibles are more expensive, while plans with higher deductibles tend to be cheaper.

Similarly, an insurance policy with a low coverage limit will be cheaper than one with more generous limits since the insurance company has a lower risk in the worst-case scenario.

Your mobile home’s age may cause your monthly premium to be higher than expected. Older homes are more likely to run into expensive problems than younger ones, and insurance companies price their coverage to reflect that.

Your claims history also affects your monthly premium since insurance companies view an active claims history as evidence of risky behavior, whether your previous claims are your fault or not. Medical payments to cover medical bills from personal liability coverage are a common reason people see their premiums increase.

Who Needs Mobile Home Insurance?

Frankly, everyone who owns a mobile home should have a mobile home insurance policy. Without the protection of mobile home insurance, even a relatively small problem could lead to financial ruin. Most lenders won’t give you a loan for a mobile home if you don’t have insurance for it, so you usually won’t have a choice.

How to Choose the Best Mobile Home Insurance Company

Before you purchase a mobile home insurance policy, make sure to research as many companies as you can. Reading reviews online is a good start, but you should also get a quote from several companies to make sure you’re getting a good deal. Most mobile home insurance companies offer free quotes, and some even let you get a quote online.

You should also read customer reviews to gain insight into what the average customer’s experience is like. Unfortunately, many people have a different experience with a company when they’re a customer than they do as a potential customer. A company that seems great during a preliminary meeting might turn out to be a pain to deal with once you sign up.

Finally, following J.D. Power studies can help you keep track of which companies are performing the best in terms of customer satisfaction, making it easier to make a decision by helping you narrow down the field.

Final Thoughts

Mobile home insurance is a lot like homeowners for a permanent home. Most companies offer HO-7 policies that cover your mobile home’s physical structure, belongings, additional living expenses, and personal liability, making it easy to get all the coverage you need in one place.

In our opinion, you can’t go wrong with any of the insurance companies on this list, but Lemonade and State Farm stand out from the rest. Lemonade is the perfect choice for mobile homeowners looking for a modern, convenient insurance company with the fastest claims processing available. State Farm is also a great choice and is the number one option for people looking for high-quality but affordable coverage.

Honorable mentions go to Foremost, Assurant, and American Modern, which are solid choices, but slightly less attractive options than the companies that made this list.

Frequently Asked Questions

Is mobile home insurance required?

Mobile home insurance is not required by any governing body, but you need it to take out a loan. If you have enough cash on hand to purchase a mobile home without a mortgage, you don’t need mobile home insurance. However, any lender will require home insurance before they’ll agree to do business with you, so it is required for most people.

How do you get cheap mobile home insurance?

The best way to get cheap mobile home insurance is to have a relatively inactive claims history, keep your credit score high, and choose a plan from an affordable company like State Farm. Keep in mind that the cheapest home insurance plans usually have high deductibles and low coverage limits, so you might wind up paying a lot of money out of pocket if you have a problem.

Some companies offer discounts for having things like home security systems and smoke detectors, so you should consider adding these to your mobile home if your insurance provider offers these discounts.

Can you insure a mobile home in Florida?

Yes, you can. Mobile home insurance policies in Florida are typically more expensive than the national average since the state is prone to hurricanes, tornados, and flooding. Many mobile home residents don’t understand flood insurance, but it’s all but required in Florida, given the state’s propensity for heavy rainfall and flash flooding.

Is manufactured home insurance and mobile home insurance the same?

Yes. Mobile home insurance is often called manufactured home insurance, but they are the same. You might also hear mobile home insurance called modular home insurance or factory-built home insurance, although these terms are outdated.

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