Compare condo insurance quotes

Finding the right condo insurance is vital to protecting your home. There's a lot to consider, so we've gathered everything you need to know about condo insurance.

Find the best condo insurance company for you, compare condo insurance quotes, and learn your coverage options and limits so you can buy with confidence.

Condo insurance costs an average of $746 a year, but you can save by shopping around; State Farm is the cheapest at $470 a year.

Best condo insurance companies of 2025

State Farm is the best condo insurance company of 2025 based on our annual ranking, followed by Amica.

We found Erie Insurance to be the best regional condo insurance company; regional carriers serve less than 20 states.

See all companies

1. State Farm $441
per year

Overall Rating 4.35

NAIC 1.01

AM Best A++

Survey 4.4

2. Amica $663
per year

Overall Rating 4.27

NAIC 0.33

AM Best A+

Survey 4.52

3. Allstate $553
per year

Overall Rating 3.81

NAIC 1.32

AM Best A+

Survey 4.29

Best Overall State Farm is the best condo insurance company of 2025 overall, followed by Amica.

Best Regional Erie is the best regional condo insurance company, available in 12 states; Auto-Owners comes in second.

Most Affordable The cheapest condo insurance company is State Farm at an average rate of $470, followed by Amica ($510) and Chubb ($656); the national average is $746 a year.

Condo insurance coverage options

A condo insurance policy provides several basic coverages for the interior of your unit and its contents, along with additional coverage:

Personal Property

This is the main part of your condo insurance policy and covers all of your property, including furniture, clothing, linens, dishes, electronics and more.

Dwelling/Building Property

This covers the portion of the condo unit you are responsible for, and varies depending on what your HOA covers.

Loss of Use/Additional Living Expenses

Provides coverage for expenses incurred when you can't live at home due to a covered loss, like a hotel.

Personal Liability

Protects you from lawsuits and liability claims when you are responsible for injuries or property damage to others.

Enhanced protection

Optional add-ons for complete peace of mind

Loss Assessment

Provides coverage when the HOA issues a special assessment requiring condo owners to chip in for a claim that has exceeded limits or deductibles.

Replacement Cost Coverage

Unless you elect replacement cost coverage, your policy will cover your property at actual cash value, which includes depreciation.

Water and Sewer Backup

Covers damage when pipes back up into your home.

How much is condo insurance?

The average cost of condo insurance is $746 nationwide, but it varies by company.

On average, State Farm is the cheapest company for condo insurance, at $470 annually.

Company	Average annual rate	Insurance.com rating (out of 5)
State Farm	$441	4.7
Auto-Owners	$493	4.54
Allstate	$553	4.16
American Family	$578	4.07
Nationwide	$669	4.14
Farmers	$733	3.86
Travelers	$776	4.0
Progressive	$833	3.14
USAA*	$854	3.97

Condo insurance rates by state

Find your state on the map below to see the average cost of an HO-6 policy in your state by company.

Map

Table

LOWEST$21

HIGHEST$80

State	$40k annual rate	$40k monthly rate	$60k annual rate	$60k monthly rate	$80k annual rate	$80k monthly rate	$100k annual rate	$100k monthly rate
Alaska	$871	$73	$930	$77	$984	$82	$1,033	$86
Alabama	$554	$46	$655	$55	$751	$63	$844	$70
Arkansas	$712	$59	$801	$67	$889	$74	$977	$81
Arizona	$790	$66	$892	$74	$984	$82	$1,071	$89
California	$669	$56	$767	$64	$848	$71	$931	$78
Colorado	$790	$66	$883	$74	$966	$80	$1,041	$87
Connecticut	$552	$46	$646	$54	$732	$61	$818	$68
Washington, D.C.	$417	$35	$503	$42	$591	$49	$677	$56
Delaware	$336	$28	$407	$34	$469	$39	$536	$45
Florida	$789	$66	$962	$80	$1,129	$94	$1,291	$108
Georgia	$756	$63	$872	$73	$981	$82	$1,087	$91
Hawaii	$341	$28	$413	$34	$474	$39	$535	$45
Iowa	$391	$33	$435	$36	$473	$39	$508	$42
Idaho	$448	$37	$499	$42	$547	$46	$593	$49
Illinois	$548	$46	$614	$51	$674	$56	$729	$61
Indiana	$521	$43	$590	$49	$653	$54	$717	$60
Kansas	$427	$36	$482	$40	$538	$45	$590	$49
Kentucky	$399	$33	$476	$40	$550	$46	$617	$51
Louisiana	$963	$80	$1,093	$91	$1,218	$101	$1,337	$111
Massachusetts	$567	$47	$669	$56	$759	$63	$850	$71
Maryland	$559	$47	$642	$53	$714	$59	$783	$65
Maine	$305	$25	$362	$30	$416	$35	$470	$39
Michigan	$577	$48	$651	$54	$720	$60	$787	$66
Minnesota	$363	$30	$423	$35	$484	$40	$545	$45
Missouri	$434	$36	$485	$40	$531	$44	$573	$48
Mississippi	$651	$54	$765	$64	$885	$74	$1,013	$84
Montana	$429	$36	$486	$40	$534	$44	$584	$49
North Carolina	$686	$57	$882	$73	$1,062	$88	$1,242	$103
North Dakota	$327	$27	$373	$31	$422	$35	$472	$39
Nebraska	$485	$40	$542	$45	$593	$49	$646	$54
New Hampshire	$446	$37	$502	$42	$553	$46	$600	$50
New Jersey	$415	$35	$484	$40	$552	$46	$617	$51
New Mexico	$367	$31	$408	$34	$440	$37	$470	$39
Nevada	$546	$46	$620	$52	$692	$58	$763	$64
New York	$570	$47	$656	$55	$737	$61	$825	$69
Ohio	$508	$42	$573	$48	$630	$53	$685	$57
Oklahoma	$940	$78	$1,071	$89	$1,194	$100	$1,309	$109
Oregon	$566	$47	$633	$53	$695	$58	$752	$63
Pennsylvania	$587	$49	$657	$55	$722	$60	$786	$66
Rhode Island	$505	$42	$581	$48	$651	$54	$722	$60
South Carolina	$498	$42	$569	$47	$637	$53	$711	$59
South Dakota	$347	$29	$389	$32	$441	$37	$486	$41
Tennessee	$537	$45	$616	$51	$689	$57	$763	$64
Texas	$866	$72	$1,007	$84	$1,136	$95	$1,257	$105
Utah	$597	$50	$668	$56	$731	$61	$786	$66
Virginia	$465	$39	$548	$46	$625	$52	$703	$59
Vermont	$256	$21	$289	$24	$320	$27	$353	$29
Washington	$549	$46	$616	$51	$680	$57	$747	$62
Wisconsin	$484	$40	$527	$44	$565	$47	$599	$50
West Virginia	$325	$27	$373	$31	$415	$35	$457	$38
Wyoming	$255	$21	$272	$23	$294	$25	$315	$26

*Some state rates will vary based on the addition of a hurricane deductible and may be much higher when included.

Review your HOA policy Learn what it covers. Then, you'll know what type of condo insurance policy you need and what portion of the unit's interior you're responsible for.

Check with your mortgage company Find out what requirements it has for your coverage limits.

Calculate personal property coverage Decide how much personal property coverage you need with a home inventory, calculating the cost to replace your home's contents.

Select coverage limits Select a building property coverage limit that meets your lender's requirements, and choose a liability limit and a deductible you can afford.

Request multiple quotes Request quotes from multiple condo insurance companies, ensuring they all include the same coverage.

Research company reputation As you review the quotes, take the time to check each company's reputation for customer service and claims handling.

Select the best policy Select the condo insurance policy that best meets your needs at an affordable price, from a company you can trust.

FAQ: Condo insurance

Get answers to the most common questions about condo insurance

Is condo insurance required?

Condo insurance is not required by law, but your mortgage company will likely require a minimum amount of coverage.

Is condo insurance cheaper than home insurance?

Yes, condo insurance is cheaper than home insurance because it doesn’t cover the entire structure.

How much condo insurance do I need?

You need enough condo insurance coverage to replace all of your personal property and any portion of the unit for which you are responsible.

Does condo insurance cover water damage?

Yes, condo insurance covers water damage caused by sudden and accidental discharge, such as from a burst pipe. It doesn’t cover flood damage; you can buy flood insurance for that.