We purchased a manufactured home in 2002 and refinanced our manufactured home twice since 2009. During a successful mobile home refinance it’s common for insurance providers to change due to lender requirements. The problem with browsing online for manufactured home insurance is the same as searching ” free credit reports “ or “manufactured home refinancing“. It doesn’t matter how you word “cheap manufactured home insurance” into Google or Yahoo you get preferred providers that don’t offer manufactured home insurance. Top lenders and search optimizing sites paid to refer online traffic flood the internet without offering mobile home insurance.
Older mobile homes (15+ years) are difficult to insure without home improvements or updates to the roof, electric, heat and air, etc. Most states have an “Insurer of last resort” for property owners unable to obtain insurance through usual insurance carriers. Read more at How to Insure a Manufactured Home in California about qualifying for this insurance if you have exhausted other insurance options. Here are manufactured home insurance providers that offer better rates in most US states.
State Farm Manufactured Home Insurance
State Farm tops my list for coverage and service. With local offices in several states, State Farm offers renters, home, auto, life and health insurance. They offer great rates (especially on manufactured homes), but you have to meet underwriting requirements for the better coverage rates. There are discounts for multiple insurances, but keep your options open for overall savings. State Farm includes coverage for things like wind damage that other insurance providers don’t.
American Southern Home Insurance Company – Manufactured Homeowners Policies – AMIG.com
AMIG is one of the largest providers for mobile home and manufactured home insurance policies since 1965. They cover single-wide, double-wide, triple-wide and 2-story modular with many coverage options and allow stated values if you require additional coverage. “American Southern Manufactured Home Insurance” is a good search engine tag as it pulls many relevant links expanding your mobile home insurance resource options.
Farmers and Geico Manufactured Home Insurance
Two big names in insurance, both companies offer multiple insurance discounts and different types of coverage for manufactured homes. Farmers and Geico offered me similar rates that were higher than AMIG and State Farm, but these companies are somewhat easier to get coverage with. Farmers insurance has optional Replacement Cost Coverage so you can get a settlement that reflects the cost to replace the damaged items with new property at today’s prices.
I challenge myself to find cheaper quality insurance on my mobile home and to lower my monthly bills every year. Hopefully this guide can save you money and advance your life’s budget .
Please visit my DIY website @ DIYforanyone.com for more home improvement and money saving tips.