Mobile home insurance covers the mobile home, your belongings and guests who are injured on your property. Rates can range from several hundred to several thousand dollars per year, depending on where you live. If you have a mortgage or live in a mobile home park, you might be required to have a policy. How much does mobile home insurance cost? Mobile home insurance rates can range from under $1,000 per year to close to $5,000. The cost you pay depends on where you live and the features of your...