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Ways to Save Money on Mobile Home Insurance


Mobile home insurance is an important part of protecting your property, but it can also be expensive. With the economy the way it is, and inflation rates soaring, everyone is looking to cut costs wherever possible.  . If you can have excellent coverage at an affordable cost, why not look into it? Here are some tips on how to save money on your mobile home insurance policy.

  1. Do Your Research and Shop Around for Quotes

The best way to find a good deal on mobile home insurance is to shop around and compare quotes from different insurance companies. Be sure to compare coverage and deductibles as well as price, and look for discounts that may be available. Sometimes, you will have to pick and choose options across carriers to find an insurance solution that works for you! Also, ask your neighbors what works/ hasn’t worked for them – if you live in a mobile home community. 

  1. Improve Your Credit Score

A good credit score can help lower your insurance premiums, so it’s a good idea to work on improving your credit score before you apply for mobile home insurance. Pay your bills on time, reduce your credit card debt, and check your credit report for errors. Make sure to track changes in your credit score, especially if it gets better! 

  1. Bundle Your Policies

Many insurance companies offer discounts if you bundle multiple policies, such as home and auto insurance, under one policy. Consider combining your mobile home insurance with your other policies to save money. You may also find that one provider can help you with multiple additional policies you may need, so look out for that too! 

  1. Increase Your Deductible

Increasing your deductible can lower your monthly insurance premium, but make sure you have enough savings to cover the deductible if you need to file a claim. Also make sure that you add your increased deductible to your monthly budget, and you can skip on some other luxuries instead.

  1. Install Safety Features

Installing safety features such as smoke detectors, fire extinguishers, and security systems can help lower your insurance premiums. You can ask your insurance company about which features are eligible for discounts or rebates. Once you have this information, it’s a good idea to go ahead and install as many safety features as you can, that fall within your budget. Make sure that you document each feature as you install it, so that you can provide proof to your insurance provider when you need to! 

  1. Maintain Your Home Regularly

Keeping your mobile home in good condition can help lower your insurance premiums. Regularly maintain your home, and make any necessary repairs to reduce the risk of damage. Taking care of your home is no easy task, so make yourself a checklist that covers every single inch of your home and property – check the boxes at regular intervals, and make it a monthly routine. Maintaining your home includes checking the structure, the home, every nook and cranny – be as meticulous as you can! 

  1. Ask About Discounts

Don’t be afraid to ask your insurance company about any discounts they may offer. Some insurance companies offer discounts for senior citizens, military members, and those who have multiple policies with the same company. If you belong to a group, such as a labor union, you may be eligible for group discounts on your insurance through such groups. Paying for your insurance annually instead of monthly can result in a discount. Ask your insurance company about any other discounts that may be available, such as a loyalty discount or a discount for being a homeowner.

  1. Maintain a good credit score: 

Maintaining a good credit score can lead to lower insurance rates. Pay off your credit cards on time, and make sure that you are able to maintain a respectable credit score, otherwise your premiums and interest rates can go way beyond your regular budget. Don’t let yourself fall back on payments, this will only tank your credit score further. 

  1. Review your policy regularly: 

Regularly reviewing your policy can help you identify any coverage that is no longer necessary, allowing you to remove it and save money. You should do this review based on your budget, especially if you go month to month on different incomes. You may not want to keep all your coverage for certain periods of time, so check your policy every time something new happens in your life. This also helps you remove unnecessary coverage such as coverage for personal property if you have renters insurance.

  1. Keep your home in good condition

Maintaining your home in good condition can reduce the risk of damage and lower your insurance premium. This also includes preventing damage from occurring in the first place. Before you do any repairs, overhauls or redesigns, ask yourself if you can do it yourself without causing damages – consult a professional if you can’t! 

Here are some additional tips that you may find useful: 

  • Install storm shutters
  • Avoid frequent claims 
  • Store valuable items off-site 
  • Update your policy after major life events 
  • Keep your home in a gated/secure community
  • Maintain a good claims history 

By simply following through with a lot of these tips, you can significantly lower your insurance premiums, by finding the ones that apply to you. Insurance need not be a headache that you have to worry about month to month, rather let your insurance do the work for you. Make sure you have all your papers in order, and that you can access them easily whenever you need them, and pay your premiums on time! 

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