Mobile Home Insurance Rates in Florida Continue to Rise

Mobile home insurance rates in Florida have been steadily creeping upwards over the past five years. With Florida's natural disaster rating and the increased crime rate, mobile home insurance rates aren't expected to come down. Of course, many mobile home owners aren't seeing any type of additional coverage as their rates increase annually, and many are starting to wonder if it is time to start lobbying for caps on mobile home insurance rates in Florida.

"I purchased a mobile home to save money,' explains mobile home owner and thwarted insurance policy holder, John Appeton, "But with the continual rising rates I pay for moderate coverage of my mobile home, I am starting to lose money.'

Mr. Appeton is not alone. Many individuals who have been forced to watch their mobile home insurance rates in Florida skyrocket without any recourse. Fortunately, there are a few smaller companies out there that are noticing this trend and are actually acknowledging that the mobile home rates in Florida are way too high. These companies are offering better rates for same coverage, and naturally, business is starting to take off. People like choices, and when you can save money without having to sacrifice quality, there really isn't any reason to continue to pay higher prices. The large insurance giants are naturally distressed by the new and improved trend in mobile home insurance rates in Florida. However, it is certainly nice to see small business step up to the plate and deliver a powerful message to the corporate giants.

With this new trend, however, the insurance giants aren't expected to bring their insurance rates down any time soon. Statistics show that the majority of Floridians do not shop around for insurance once they have coverage. In the last five years, there has been only a small percentage of clients who have dropped one company and picked up another citing dissatisfaction as their reason. The lower mobile home insurance rates are attracting new clients and first time buyers, but haven't been able to pull over many beyond that small 14%.

Mobile home owners in Florida who carry high insurance rates are encouraged to seek out alternatives. There are many in the industry that believe if a larger number of individuals sought out lower mobile home insurance rates in Florida, the giants would eventually be forced to lower their rates once again. That seems almost like a win—win situation. Mobile home insurance rates in Florida aren't the only rates that are slowly climbing into the clouds, but their rates seem to have the most significant increase in a short amount of time. Natural disasters are cited for the increased rate. Of course, Florida's mandates allow for such increases even after a long period of calm after a natural disaster.