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If you live in a condo, then it is important for you to purchase condo insurance to protect your investment. Some homeowners associations offer insurance, but it is not always the best option. It's better to have your own policy and make sure you are fully protected in case anything happens.

Homeowners association's insurance covers the outside of your building and common areas. But HOA's policy doesn't cover what's inside your condo- like furniture or other personal belongings.

If you are looking for the best condo insurance in California, then this guide is for you. You'll find the list of best condo insurance companies for California condo owners and their average annual rates. You can use this guide to make informed insurance decisions.

Best condo insurance companies in California

In California, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across California. Below are the best condo insurance companies in California based on Insurance.com's analysis.

  • USAA
  • State Farm
  • Allstate
  • Nationwide
  • Safeco

Compare best condo insurance companies in California

We have compared the insurance providers based on their J.D. Power score and ratings from AM Best to help you find affordable condo insurance in California. Based on the analysis by Insurance.com, USAA tops the list of best condo insurance companies in California. It has earned 882 scores out of 1000 from J.D. Power and an A++ rating from AM Best, which is the highest ratings they offer. Although, USAA offers condo insurance only for members of the military and their families.

State Farm is another option after USAA for condo insurance, it received 835 scores from J.D. Power and an A++ rating from AM Best. Here is a comparison of some of the best condo insurance companies in California:

CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
Allstate829A+
Nationwide812A+
Safeco810A
Travelers800A++

Average cost of condo insurance in California

The average cost of condo homeowners insurance in California is $449 a year or $37 a month with $1,000 as deductible, $40,000 as personal property coverage, and liability coverage of $100,000. Your average annual premium will vary depending on your location, the coverage limits you select, and deductible amount among other factors.

Condo insurance covers the interior of the unit, it provides protection against the damage caused by fire, theft, vandalism, natural disasters, and frozen pipes.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average annual premiumAverage monthly premium
$449$37

CONDO INSURANCE CALCULATOR

Average condo insurance rates in CALIFORNIA

$60,000
$1,000
$100,000
90071 - Los Angeles
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $737

HIGHEST RATE: $1,311 LOWEST RATE: $355
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Most & least expensive zip codes for condo insurance in California

Most Expensive

Zip CodeCityHighest Rate
90210Beverly Hills$769
90211Beverly Hills$764
90212Beverly Hills$764
90048Los Angeles$760

Least Expensive

Zip CodeCityLowest Rate
93402Los Osos$411
93442Morro Bay$412
93407San Luis Obispo$413
93424Avila Beach$413

Condo insurance rates by companies in California

The rates for condo insurance by companies in California vary greatly. It is important to shop around and compare quotes to find affordable premium. To find the best insurance company in California, you should consider price, coverage options, financial stability, and customer satisfaction.

In the table given below, you'll see that major companies in California have different insurance rates for condo insurance, and USAA, Garrison, Travelers, and Allstate are the cheapest condo insurance companies for California residents.

CompanyAverage annual premium
USAA$235
Garrison$306
Travelers$308
Allstate$389
State Farm$464
Safeco$472
Crestbrook$515
Interins Exch Of The Automobile Club$558
Fire Ins Exch$754
Nationwide$775