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Condo insurance isn’t required by law in Florida, 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 Florida, we’ve gathered data on the top companies. Below you’ll find a list of the best condo insurance companies in Florida with average annual rates.

Key takeaways

  • The residents of Florida pay an average of $1,516 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, Nationwide is the top pick for the best condo insurance company in Florida.
  • Travelers offers the cheapest condo insurance in Florida at an average of $522 per year.

Best condo insurance companies in Florida

In Florida, 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 Florida. Below are the best condo insurance companies in Florida based on’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
State Farm829A++

Average cost of condo insurance in Florida

The average cost of condo insurance in Florida is $1,516 a year or $126 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


Average condo insurance rates in FLORIDA

33135 - Miami
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.



Most & least expensive zip codes for condo insurance in Florida

Most Expensive

Zip CodeCityHighest Rate
33404Palm Beach Shores$3,001
33480Palm Beach$2,982
33405West Palm Beach$2,832
33401West Palm Beach$2,814

Least Expensive

Zip CodeCityLowest Rate
34267Fort Ogden$699

Condo insurance rates by company in Florida

Rates for condo insurance by company in Florida 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 Florida. The cheapest company for condo insurance in Florida is Travelers. Nationwide, and Heritage Insurance Holdings, are the second and third cheapest options.

CompanyAverage Annual Rate
Heritage Insurance Holdings$1,360
State Farm$1,536
Security First Insurance$1,629
Universal Insurance Holding$1,872
HCI Group Inc$1,972
FedNat Holding$2,137
Citizens Property Insurance$2,951

Frequently asked questions: Florida condo insurance

What insurance do I need for a condo in Florida?

In addition to an HO-6 condo policy, you should consider flood insurance if you live near the coast or another source of flood waters. Standard Florida condo policies do not cover flooding. In some areas, you may also need separate hurricane or windstorm coverage.

Is an HO-6 mandatory in Florida?

No. There are no laws requiring you to carry condominium insurance in Florida. However, you might need to comply with your lender or Florida condo association insurance requirements.

Compare condo insurance rates by city in Florida

Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Florida.

CityAnnual insurance premium
Fort Lauderdale
Port St. Lucie
St. Petersburg
West Palm Beach
$2,446 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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