- Best condo insurance companies in Florida
- How much does condo insurance cost in Florida?
- Condo insurance rates in Florida by company and coverage level
- Condo insurance rates by company in Florida
- Compare condo insurance rates by city in Florida
- Methodology
- Compare Florida condo insurance rates with other states
Best condo insurance companies in Florida
Based on our analysis, Travelers is the best condo insurance company in Florida among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Florida, based on our research.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Travelers | $363 | A++ | 0.54 | |
| Nationwide | $625 | A+ | 0.87 | |
| Security First Insurance | $500 | A | 0.88 | |
| Allstate | $889 | A+ | 0.9 | |
| State Farm | $1,009 | A++ | 0.95 | |
| Universal Insurance Holding | $1,002 | A | 2.01 | |
| HCI Group Inc | $1,469 | A | 0.65 | |
| Citizens Property Insurance | $2,372 | A | 0.25 | |
| Progressive | $825 | A+ | 8.45 | |
| FedNat Holding | $1,698 | A | 4.92 |
How much does condo insurance cost in Florida?
The average cost of condo insurance in Florida is $962 per year, or $80 per month. This is based on a policy with $60,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. Your actual premium will be higher or lower depending on factors such as your location, selected coverage limits, deductible amount, and other considerations.
To secure the lowest rate, compare quotes from multiple insurance providers and choose the policy that best meets your needs.
| Average annual premium | $962 |
| Average monthly premium | $80 |
Condo insurance rates in Florida by company and coverage level
Travelers provides the lowest condo insurance rates in Florida for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is Security First Insurance, with an annual rate of $500. 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 |
|---|---|---|---|---|---|---|---|---|
| Allstate | $748 | $769 | $868 | $889 | $969 | $990 | $1,058 | $1,079 |
| Amer Integrity Ins Co of FL | $615 | $632 | $744 | $761 | $873 | $890 | $1,001 | $1,018 |
| Citizens Property Insurance | $1,938 | $1,938 | $2,372 | $2,372 | $2,806 | $2,806 | $3,250 | $3,250 |
| FedNat Holding | $1,371 | $1,389 | $1,680 | $1,698 | $1,989 | $2,007 | $2,305 | $2,323 |
| HCI Group Inc | $1,192 | $1,210 | $1,451 | $1,469 | $1,710 | $1,728 | $1,974 | $1,992 |
| Heritage Insurance Holdings | $442 | $457 | $611 | $632 | $780 | $807 | $953 | $987 |
| Nationwide | $573 | $579 | $619 | $625 | $662 | $668 | $718 | $724 |
| Progressive | $668 | $685 | $808 | $825 | $948 | $965 | $1,088 | $1,105 |
| Security First Insurance | $324 | $351 | $473 | $500 | $621 | $648 | $770 | $797 |
| State Farm | $817 | $837 | $989 | $1,009 | $1,128 | $1,148 | $1,260 | $1,280 |
| Travelers | $275 | $295 | $343 | $363 | $396 | $416 | $407 | $427 |
| Universal Insurance Holding | $799 | $817 | $984 | $1,002 | $1,170 | $1,188 | $1,356 | $1,374 |
Condo insurance rates by company in Florida
The most affordable company is Travelers, with Security First Insurance and Nationwide ranking as the second and third cheapest. Since condo insurance rates in Florida vary by company, it is important to compare quotes to find the best deal.
The table below lists the condo insurance rates from major companies in Florida.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Travelers | $363 | $30 |
| Security First Insurance | $500 | $42 |
| Nationwide | $625 | $52 |
| Heritage Insurance Holdings | $632 | $53 |
| Amer Integrity Ins Co of FL | $761 | $63 |
| Progressive | $825 | $69 |
| Allstate | $889 | $74 |
| Universal Insurance Holding | $1,002 | $84 |
| State Farm | $1,009 | $84 |
| HCI Group Inc | $1,469 | $122 |
| FedNat Holding | $1,698 | $142 |
| Citizens Property Insurance | $2,372 | $198 |
Compare condo insurance rates by city in Florida
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 Florida, 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.
Compare Florida condo insurance rates with other states
Helpful home insurance tools and calculators
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