Florida mobile home insurance is quite expensive. In fact, the Sunshine State boasts the highest rates in the US. Unfortunately, Florida residents are paying almost double the national average for mobile home coverage.

You may be wondering “Why Florida?” First, let’s get to the numbers! On average as a Fl resident you will be paying around $2,000 per year. While an average homeowner elsewhere will pay around $900.

That’s quite a difference in rates. Let’s dig deeper and discuss why these rates are so expensive. First, I’m sure you have realized that sometimes Fl has some pretty unpredictable weather. One day you could have sunny skies and the next severe storms, and that’s not even mentioning hurricanes! This alone is a huge risk for insurance companies.

Companies here in FL have paid out billions of dollars towards claims due to perils such as high winds, severe storms, hurricanes, sinkholes and etc. Due to damages of just these perils alone make companies pay out big bucks. Which in turn results in higher premiums for you and other residents.

What else should you look for?

Also when it comes to costs of your premiums, remember that everyone receives different rates. There are also a few factors that greatly affect your rates. These factors can include building construction, physical location, security, and personal habits.

First, the building construction is the materials in your mobile home that determines your rate. An older mobile home will sometimes cost more to insure than a newer mobile home. This is due to insurers looking at the year your home was built, the type of structure it is, the mobile homes wiring type, the age of the roof, and if you have an attached garage or not.

The physical location of your mobile home will also greatly affect your rates. The crime rates in your area is one factor that is considered. In addition, how close you are to a fire station is also factored in. Do you happen to live along the coast or close to the beach? That is a major determining factor, due to the risk you are exposed to.

Personal habits such as smoking will impact premiums as well. This is more so due to the risk of burning your mobile home down. It’s just how the cookie crumbles.

Just because FL mobile home insurance rates are expensive doesn’t mean that you can’t save some cash on a policy. In fact, you can sign up for a great policy over at FloridaInsuranceQuotes.net. Head on over now to receive your quote instantly!