Best condo insurance in Florida| Insurance.com

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 Insurance.com’s analysis.

Company	J.D. Power Score	AM Best Rating	Average rating (out of 5)
Nationwide	816	A+	3.9
Travelers	794	A++	3.8
Allstate	815	A+	3.7
State Farm	829	A++	3.6
Progressive	801	A+	3.1

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 Premium	Average Monthly Premium
$1,516	$126

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Average condo insurance rates in Florida

Most & least expensive ZIP codes for condo insurance in Florida

Most expensive

ZIP Code	City	Highest Rate
33013	Hialeah	$2,059
33014	Hialeah	$2,027
33010	Hialeah	$2,027
33054	Miami Gardens	$1,951

Least expensive

ZIP Code	City	Lowest Rate
32095	St. Augustine	$612
32145	Flagler Estates	$622
32086	St. Augustine	$622
32033	Elkton	$622

Data refreshed as of Apr 2024

Read our full methodology

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 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.

Company	Average Annual Rate
Travelers	$522
Nationwide	$1,150
Heritage Insurance Holdings	$1,360
Allstate	$1,438
State Farm	$1,536
Security First Insurance	$1,629
Progressive	$1,828
Universal Insurance Holding	$1,872
HCI Group Inc	$1,972
FedNat Holding	$2,137
Citizens Property Insurance	$2,951

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.

City	Annual insurance premium
Cape Coral	$1,638
Fort Lauderdale	$2,380
Gainesville	$835
Hialeah	$2,303
Jacksonville	$905
Miami	$2,594
Ocala	$926
Orlando	$1,239
Port St. Lucie	$2,036
Sarasota	$1,768
St. Petersburg	$1,896
Tallahassee	$799
Tampa	$1,549
West Palm Beach	$2,760

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.

Home insurance FAQs

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.