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Is Manufactured or Modular Home Insurance Cheaper?

Insurance for Mobile Homes

Buying a home is one of the biggest decisions you'll make. That means insuring your manufactured or modular home investment is just as important as your purchase, whether you're buying a new home or still looking for your perfect home insurance fit.

Are all homeowner's insurance policies the same?

No, choosing the correct policy is important because each policy has different coverage options. For example, manufactured home insurance is different than your typical home insurance policy. You should make sure your home investment and all your personal property is covered.

Modular Home Front Porch

Is manufactured or modular home insurance cheaper?

At HomeFirst Agency, we do not differentiate based on manufactured or modular building. Home insurance prices vary depending on numerous factors, but whether your home is manufactured or modular is not one of those factors at HomeFirst, so neither is necessarily cheaper than the other.

Manufactured Home Exterior Entrance

Instead, policy rates vary on factors such as:

  • The value of your home – If your manufactured or modular home is new, you should have a good idea of its value. If it's not new, there are ways to increase its value and/or keep it from depreciating.
  • The home foundation – Your rates could vary based on whether your home has a pier and beam foundation or a permanent foundation like a brick or block masonry foundation.
  • The location of your home – Your home insurance rates could be higher if you live in an area that has severe storms or other severe weather.
  • The year of your home – Your rates can vary by the year your home was built. As a home ages, regular maintenance issues come up such as plumbing, electricity and others. Some insurance companies may offer a new home discount, and some insurance companies may charge premiums as your home ages.
  • The amount of coverage – Typically you're given the option to choose the amount of personal property and liability you would like to cover.
    • Liability coverage protects you in case someone sustains an injury in your home or on your property that you are legally liable for.
    • Personal property coverage is intended to compensate you if your personal items are damaged or suffer a loss.
  • Your deductible – With some companies, you have the option to choose the amount of money that you will pay toward home repairs before your home insurance policy is initiated.

Mobile Home Exterior with Wraparound Porch

Even with all these factors in mind, it's hard to determine if manufactured or modular home insurance policies are more expensive because each situation is different. However, manufactured homes are often viewed as an increased risk of damage, despite being designed and engineered to last a lifetime.

Some insurance agencies insure modular homes as site built homes, but at HomeFirst we do NOT differentiate between manufactured and modular homes.

The Difference Between Manufactured and Modular Homes

While manufactured and modular homes do not have different insurance policies, it's important to know the difference between the two types of homes:

Manufactured homes are built entirely inside climate controlled home building facilities and are built in varying sizes and can be constructed in multiple sections.

Manufactured Home Exterior and Sidewalk

Although built to HUD Code regulations, manufactured homes can also be placed on a permanent foundation or on a basement, just like a site built home.

Modular homes, like manufactured homes, are built inside climate controlled home building facilities.

Clayton Modular Home Exterior

The difference is that modular homes are built to all applicable state, local and regional codes for the final location of the home, like a site built home. Some states also have rules that modular homes cannot be on-frame modular homes once on-site construction is complete.

Young Manufactured Homeowners and Baby on Bed

Whether you are purchasing a manufactured or modular home for the first time or have owned one for years, HomeFirst Agency's committed team members are proud to specialize in manufactured and modular homes.

We have been a leading insurance agency for over 18 years. We make affordable homeowner's insurance available to more than 180,000 owners of mobile homes, manufactured homes and modular homes nationwide. We would love to help you find the best coverage for your home investment!

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