- Best condo insurance companies in California
- Average condo insurance cost in California
- Condo insurance rates in California by company and coverage level
- Condo insurance rates by company in California
- Compare condo insurance rates by city in California
- Methodology
- FAQ
- Compare California condo insurance rates with other states
Best condo insurance companies in California
There are many companies offering condo insurance coverage in California. Travelers is the best condo insurance company in California based on our analysis. Our insurance experts reviewed prices and ratings from trusted sources like the National Association of Insurance Commissioners (NAIC) and AM Best.
Based on our research, here are the best condo insurance companies in California.
| Company | Annual annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Travelers | $663 | A++ | 0.91 | |
| Allstate | $789 | A+ | 1.26 | |
| Auto Club Enterprises (AAA) | $1,138 | A+ | 1.03 | |
| Nationwide | $990 | A | 1.34 | |
| Mercury Insurance | $1,128 | A | 1.59 | |
| Farmers | $1,411 | A | 0.89 | |
| State Farm | $805 | B | 1.15 | |
| USAA | $978 | A++ | 0.46 |
Average condo insurance cost in California
The average cost of condo insurance in California is $978 per year or $81 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $978 |
| Average monthly premium | $81 |
Condo insurance rates in California by company and coverage level
Travelers offers the lowest condo insurance rates in California for coverage limits of $60,000 for personal property and $300,000 for liability with a $1,000 deductible.
The second most affordable option is Allstate, with an annual rate of $789. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Travelers | $505 | $551 | $612 | $663 | $675 | $730 | $748 | $806 |
| Allstate | $643 | $683 | $748 | $789 | $843 | $883 | $928 | $969 |
| State Farm | $672 | $698 | $779 | $805 | $859 | $885 | $952 | $977 |
| Nationwide | $880 | $892 | $987 | $1,004 | $1,100 | $1,122 | $1,212 | $1,240 |
| Auto Club Enterprises (AAA) | $884 | $911 | $1,112 | $1,138 | $1,340 | $1,367 | $1,568 | $1,594 |
| Mercury Insurance | $934 | $934 | $1,159 | $1,159 | $1,308 | $1,308 | $1,535 | $1,535 |
| Farmers | $1,291 | $1,375 | $1,360 | $1,443 | $1,403 | $1,486 | $1,495 | $1,578 |
| USAA | $883 | $883 | $978 | $978 | $1,060 | $1,060 | $1,126 | $1,126 |
Condo insurance rates by company in California
The cheapest option is Travelers, followed by Allstate and State Farm as the second and third most affordable choices. However, condo insurance rates in California vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in California.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| Travelers | $663 | $55 |
| Allstate | $789 | $66 |
| State Farm | $805 | $67 |
| Nationwide | $1,004 | $84 |
| Auto Club Enterprises (AAA) | $1,138 | $95 |
| Mercury Insurance | $1,159 | $97 |
| Farmers | $1,443 | $120 |
| USAA | $978 | $82 |
Compare condo insurance rates by city in California
Condo insurance rates vary by city. Factors like weather, crime rates and property values all play a role in pricing. To find the cheapest and best condo insurance in your city in California, consider these factors and compare quotes from different insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
FAQ
Is condo insurance required in California?
No, condo insurance is not require by law in California, but your mortgage company will require it.
What does condo insurance typically cover in California?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in California?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.
