Best Mobile Home Insurance In Colorado 2024
Foremost provides top-notch mobile home insurance coverage in Colorado.
We’ve saved shoppers an average of $450 per year on their home insurance.
Mobile homes, also known as manufactured homes, require unique insurance coverage due to their susceptibility to windstorms, hail, and water damage. This can make it challenging to qualify for insurance in Colorado.
Finding the best mobile home insurance policy involves considering factors such as coverage features and cost. To assist you in finding the right coverage at the right price, we’ve identified top-rated companies, with Foremost selected as the “Best Overall” for mobile home insurance.
Best Mobile Home Insurance Companies In Colorado 2024
Each company we've examined has earned its place on our list because they offer various advantages and policy features that may suit your specific needs. The best policy for you might not be the same as someone living in a mobile home down the street.
Here are the companies we've shortlisted along with key criteria.
Compare The Best Mobile Home Insurance Companies in Colorado
Now that you have an overview of our category winners, here's a more detailed comparison that puts them side by side:
| Overall Rating | Best For | A.M. Best Rating | Bundle Discount | J.D. Power Cust. Satisf. Rating | Get A Quote | |
|---|---|---|---|---|---|---|
| Progressive |
|
Runner-Up |
A+ |
Yes |
859 |
Instant Quote |
| Foremost |
|
Overall |
A |
No |
868 |
Instant Quote |
| Allstate |
|
Retirees |
A+ |
Yes |
854 |
Instant Quote |
| American Modern |
|
Specialized Coverage |
A+ |
No |
Not Rated |
Instant Quote |
| Farmers |
|
Endorsements |
A- |
Yes |
792 |
Instant Quote |
| Assurant |
|
Most Comprehensive Coverage |
A |
No |
Not Rated |
Instant Quote |
| American Family |
|
Discounts |
A |
No |
855 |
Instant Quote |
Best Mobile Home Insurance Companies In Colorado
Best Overall
Key Statistics
Why We Like Them
⇅Foremost, a subsidiary of Farmers, offers standard and optional coverage similar to other mobile home insurers, but its standout feature is the “extended replacement cost” coverage.
This coverage allows you to be reimbursed up to 20% above the value of your policy limit if your mobile home is completely destroyed.
Foremost is known for its excellent customer satisfaction, with a J.D. Power rating of 868/1,000, the highest among the insurers reviewed.
However, Foremost does not provide instant quotes on its website; instead, you’ll receive an email quote within 24 hours after submitting your information.
Nevertheless, Foremost remains one of the largest mobile insurance providers in the U.S., with over 38,000 agents representing the company.
Benefits & Drawbacks
⇅- Endorsed by AARP with member discounts available
- Accepts individuals with credit challenges
- Offers coverage for older mobile homes
- Provides additional coverage options like debris removal and food spoilage ✓
- No online application process
- Quote turnaround time of up to 24 hours ✘
Best Overall Runner-Up
Key Statistics
Why We Like Them
⇅Progressive is appealing for its discounts for new homeowners, strong financial stability, and high customer satisfaction ratings.
Their website is user-friendly, providing instant quotes, and they offer a mobile app.
A unique feature is Progressive’s “single deductible” benefit, where bundling your mobile home and auto insurance means any claim applies to both policies with only one deductible.
For example, if your mobile home’s roof and your car are damaged in a hailstorm, you’ll only pay one deductible for repairs.
Bundling also earns you a discount, and they offer an endorsement for “trip collision” coverage during relocation.
Benefits & Drawbacks
⇅- Offers replacement cost coverage options
- Provides discounts specifically for new homeowners
- Features a mobile app for convenient access ✓
- Consumer ratings are not as favorable as those of many other mobile home insurers
- Some policies are underwritten by third-party companies ✘
Best For Retirees
Key Statistics
Why We Like Them
⇅While Allstate provides comprehensive coverage for everyone, it offers a special discount to retirees 55+ and original titleholders of their mobile or manufactured homes, which can make a policy more affordable. Allstate also offers a bundle discount, which most insurers offer.
Also unique to Allstate mobile home insurance among insurers we reviewed is its “mine subsidence” coverage, which covers damage to your mobile home caused by a movement of land triggered by a man-made mine. It also offers property protection against damage to satellite dish antennas.
Allstate’s standard mobile home coverage is comparable to its competitors, offering benefits like actual cash or replacement cost coverage for your mobile home structure and personal property, liability protection, and guest medical protection. Optional coverages include protection against water backup, reimbursement for green improvements after a loss, and electronic data recovery.
Benefits & Drawbacks
⇅- Offers discounts for retirees and original title holders
- Provides a mobile app for convenience
- Offers excellent optional coverage choices ✓
- Customer experiences may vary based on your local agent
- Does not offer immediate online quotes ✘
Best For Discounts
Key Statistics
Why We Like Them
⇅American Family may not have the same level of recognition as some big-budget competitors, but it’s still a major player among home insurers in the U.S., ranking in the top eight by market share. They offer various discounts, giving policyholders options to lower their monthly premiums.
If you’re with American Family, you could qualify for discounts by:
- Combining your mobile home and auto insurance
- Installing smart devices like Ring or Nest in your home
- Living in a newer home purchased within the last three years
- Using the company’s autopay, full pay, and paperless billing services.
With American Family, you can get diminishing deductible coverage, which means your deductible decreases by $100 right from the start of your policy. So, if you have a $1,000 deductible, it becomes $900 as soon as you purchase your policy. Then, each year when you renew your policy, your deductible continues to decrease until it reaches the maximum limit.
Benefits & Drawbacks
⇅- Offers numerous ways to qualify for discounts
- Features a mobile app for tracking claim status
- Provides a variety of additional coverage options ✓
- Some reports indicate slow claims processing ✘
Best For Most Comprehensive Coverage
Key Statistics
Why We Like Them
⇅Many mobile home insurance plans typically don’t cover floods, hurricanes, earthquakes, landslides, and mudslides. However, Assurant policyholders are covered for these events.
Assurant’s All Risk coverage shields against sudden and accidental events that directly damage your mobile home, with a few specified exclusions. Moreover, its dwelling and personal property replacement cost coverage ensures replacement with new items of similar quality without factoring in depreciation.
Assurant extends coverage to adjacent structures on your property, like sheds, fences, or standalone garages. Additionally, it covers additional living expenses if your home is uninhabitable due to a covered loss.
Benefits & Drawbacks
⇅- Includes flood and earthquake coverage as part of standard insurance
- Provides replacement cost coverage for both your home and property by default ✓
- Online quotes are not available; you must call the toll-free number between 7 am and 7 pm
- Does not offer a mobile app for customer convenience ✘
Best For Specialized Coverage
Key Statistics
Why We Like Them
⇅Established in 1949, American Modern boasts being among the earliest insurers to focus on mobile home insurance.
Their specialization lies in covering mobile homes that are vacant or seasonal, a service not provided by other companies we evaluated.
They don’t offer replacement cost for a total loss but instead settle at the stated value listed on your policy, without deducting depreciation. In the case of a partial loss, they pay the actual cash value, but you have the option to upgrade to a replacement cost valuation.
Benefits & Drawbacks
⇅- Features a robust mobile app for reporting claims conveniently
- Boasts decades of experience and understanding in the mobile home market ✓
- Online quotes are not available; quotes must be obtained through an agent
- Does not provide certain discounts offered by other insurers ✘
Best For Endorsements
Key Statistics
Why We Like Them
⇅Farmers offers customizable mobile home insurance policies in Colorado tailored to your individual needs. With agents located throughout the state, they can assist you in choosing the appropriate coverage, deductible, and endorsements.
Farmers’ endorsements offer green-home improvements, allowing you to upgrade appliances and systems to energy-efficient models after a claim. You can also opt for replacement cost coverage for added personal protection and identity theft coverage.
Farmers offers several discounts for policyholders, including having a home security system, being a non-smoker, enrolling in paperless billing, maintaining a claims-free history, and bundling multiple policies with Farmers’ car or life insurance.
Benefits & Drawbacks
⇅- After five consecutive years without filing a claim, claim forgiveness ensures your rates won't go up
- Offers coverage for replacing lost or stolen personal property, even outside your residence ✓
- Quotes are exclusively available through agents
- Received the lowest J.D. Power score among the insurers we assessed ✘
Average Cost Of Home Insurance In Colorado
Although none of the insurance companies we evaluated display prices on their websites, we estimate that the monthly cost of mobile home insurance in Colorado typically ranges from $40 to $125.
This cost varies based on factors such as your coverage limits, deductible, selected options, and other details mentioned below.
Several factors influence the price of your mobile home insurance policy in Colorado, including:
- Where you live (zip code)
- The age of your home
- The cost to replace your home
- The limits and coverage you select
- Your deductible
- Your claims history
Every insurer we’ve evaluated offers various discounts for mobile home insurance policyholders, including the opportunity to bundle your coverage with auto insurance.
Do You Need Mobile Home Insurance In Colorado?
We believe mobile home insurance is essential in Colorado. Firstly, if you’re financing your mobile home purchase with a mortgage, your lender will likely make it a requirement.
Secondly, homes in Colorado, whether mortgaged or not, are at risk of severe weather events like thunderstorms, hail storms, tornadoes, tropical storms, and hurricanes.
Lastly, it’s wise to check with your mobile home park or community to see if insurance is mandatory for residents.
What Does Mobile Home Insurance Cover?
A typical mobile home insurance policy usually includes several types of coverage:
Dwelling Coverage
This coverage will pay for the repair or replacement of your mobile home’s structure if it’s damaged by events covered in your policy, up to the limit you’ve chosen. Additionally, you’ll select a deductible, which is the amount you must pay before the insurer contributes to an approved claim.
Commonly covered events include:
- Fire
- Lightning
- Explosions
- Vandalism
- Falling objects
- Wind and hail
- Weight of ice and snow
- Damage from wild or stray animals
- Burst pipes
Other Structures Coverage
This part of your policy covers the repair of a shed, fence, or other detached structure if it’s damaged by a covered event.
Personal Property Coverage
It also pays for replacing or repairing electronics, furniture, and other belongings if they’re damaged or stolen.
Liability Insurance
Additionally, it covers you if a visitor is injured and sues you or if you accidentally cause property damage or injuries to others, often including legal expenses.
What Does Mobile Home Insurance In Colorado Not Cover?
Every insurance policy has its limitations. In Colorado, mobile home insurance typically doesn’t cover damage caused by specific events. If you operate a business from your mobile home, you may need a commercial policy.
Flooding
For instance, flood damage isn’t usually covered, so if you live in a flood-prone area, it’s wise to purchase separate flood insurance.
Earthquakes
Although earthquakes are rare in Colorado, mobile home insurance won’t protect you against earth movement.
Wear and tear
Additionally, insurance doesn’t cover normal wear and tear.
Insect or animal infestation
Insurance policies often exclude coverage for pest prevention since it’s considered a regular maintenance task that homeowners are expected to manage themselves.
Damage associated with the use of your mobile home for business purposes
If you operate a business from your mobile home, you may need a commercial policy.
Largest Mobile Home Insurance Companies In Colorado
| Provider | Market share |
| Amica | 19% |
| State Farm | 10% |
| Allstate | 6% |
How To Buy Mobile Home Insurance Online In Colorado
By following these steps, buying a mobile home insurance policy online becomes a straightforward and quick process.
- Assess how much protection you need by totaling the value of your mobile home’s contents along with the dwelling. This will help determine the property damage limits required to replace your home and valuables.
- Request an online quote. Many insurers selling mobile home insurance in Colorado offer the option to get a quote online. Additionally, there are websites that provide coverage and cost comparisons, making online shopping for insurance even simpler.
- Fill out the application. Once you’ve determined the coverage amount that fits your budget, you’ll need to complete an application for coverage. While many mobile home insurers offer online application options, some may require you to meet with an agent to finalize the application.
Unique Considerations For Mobile Home Insurance In Colorado
Colorado is vulnerable to a range of harsh weather conditions, including:
- Wildfires
- Damaging winds
- Lightning
- Tornadoes
- Hurricanes
- Tropical storms
- Hail
- Flood damage
Hence, we suggest that every mobile home owner in Colorado should have appropriate coverage.
How To Find Cheap Mobile Home Insurance In Colorado
When looking for cheap mobile home insurance in Colorado, get quotes from at least three insurance companies. Prices can vary for basic coverage and options, so ask about discounts.
It’s important not to choose based on price alone. Make sure you have the appropriate coverage limits and compare quotes carefully.
Our Methodology
We compiled our "Best For" list and overall rating by evaluating each insurer's standard and optional coverages, online reviews, financial stability, and customer satisfaction ratings. Pricing details were not accessible online for any of the insurers we assessed.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
FAQs
Is mobile home insurance more expensive in Colorado?
Generally, mobile home insurance in Colorado is priced similarly to its neighboring states in the Southeast, except for Florida, where many insurers do not offer coverage for mobile homes.
Do you need mobile home insurance in Colorado?
Although there’s no state law mandating insurance for mobile homes in Colorado, your mortgage company may require it. Nonetheless, we strongly advise having mobile home insurance, whether or not you have a mortgage.
How are mobile home insurance rates determined?
Mobile home insurance rates are influenced by several factors, such as your location, coverage limits, deductible, and eligible discounts.
