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Condo insurance isn’t required by law in California, but your mortgage company likely requires it. Condo insurance is a home insurance policy that covers everything inside your condo, while the homeowners association’s insurance covers the outside of your building and common areas.

Depending on your HOA’s rules, your condo insurance may cover not only personal property, but also provides dwelling coverage known as building property coverage, for the interior of the structure. Make sure you know how much condo insurance you need before you buy condo insurance.

To find the best condo insurance in California, we’ve gathered data on the top companies. Below you’ll find a list of the best condo insurance companies in California with average annual rates.

Key takeaways

  • The residents of California pay an average of $705 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible.
  • Based on the analysis by Insurance.com, USAA is the top pick for the best condo insurance company in California.
  • Travelers offers the cheapest condo insurance in California at an average of $404 per year.

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 ratings of major insurers in California. Below are the best condo insurance companies in California based on Insurance.com’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
USAA884A++
4.1
State Farm829A++
3.8
Travelers794A++
3.8
Allstate815A+
3.1
Auto Club Enterprises (AAA)817A
2.7
Nationwide816A+
2.6
Farmers792A
2.4

Average cost of condo insurance in California

The average cost of condo insurance in California is $705 a year or $59 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

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
$705$59

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: $894

HIGHEST RATE: $1,596 LOWEST RATE: $402

Most & least expensive zip codes for condo insurance in California

Most Expensive

Zip CodeCityHighest Rate
91330Los Angeles$1,091
90210Beverly Hills$1,056
90069Los Angeles$1,049
91325Northridge$1,046

Least Expensive

Zip CodeCityLowest Rate
93402Los Osos$532
94040Mountain View$534
94085Sunnyvale$535
94086Sunnyvale$535

Condo insurance rates by company in California

Rates for condo insurance by company in California vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in California. The cheapest company for condo insurance in California is Travelers. State Farm, and Allstate, are the second and third cheapest options.

CompanyAverage Annual Rate
Travelers$404
State Farm$576
Allstate$647
Farmers$681
Auto Club Enterprises (AAA)$699
USAA$741
Mercury Insurance$831
Nationwide$859

Methodology

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2022 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2023.

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