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Condo insurance in Florida is not required by law, but it’s required by the lender if you have a mortgage. With Florida’s high risk of a natural disaster, it’s vital to be properly protected.

Condo, or HO-6 insurance in Florida will protect your belongings from a long list of risks, as well as provide you with liability coverage and even pay for a hotel and other expenses if you can’t live at home after a covered loss.

The average cost of condo insurance is $1,551 a year, or $129 a month for $60,000 of personal property coverage, $300,000 of liability coverage and a $1,000 deductible. Below, we’ll help you find the best condo insurance in Florida.

Key takeaways

  • A condo insurance policy in Florida costs $1,551 a year on average.
  • The cheapest condo insurance company in Florida is Travelers, at an average of $525 a year, almost one-third the state average.
  • Standard condo policies do not include flood coverage and Florida condo owners should purchase that coverage separately.

Best condo insurance companies in Florida

State Farm is the best pick for condo insurance in Florida among the top national companies. It rates 829 out of 1,000 with J.D. Power for claims satisfaction, and as the largest home insurance company in the nation, has a very solid financial footing with an A++ rating from A.M. Best.

Take a look at how other top national insurance companies ranked for claims satisfaction and financial stability.

CompanyA.M. BestJ.D. Power (out of 1,000)
State FarmA++829

Average condo insurance cost in Florida

The average cost of condo insurance in Florida is $1,551 a year for $60,000 in personal property coverage, $300,000 in liability coverage, with a $1,000 deductible. Condo insurance in Florida per month averages $129.

That’s well above the national average of $759 a year for the same coverage levels. Florida’s high-risk coastal areas contribute to raising the overall state average.

Rates will vary depending on where you live and the coverage you choose. For a lower level of coverage, at $40,000 in personal property and $100,000 in liability with a $1,000 deductible, you can expect to pay about $1,314 a year.

There are no set Florida condo insurance coverage requirements since it’s not required by law. However, there may be requirements set out by your lender or your homeowners association.


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

Cheapest condo insurance in Florida

Condo insurance rates vary by company. As you can see, Travelers has the lowest condo insurance rates in Florida by a wide margin, based on’s 2022 data. The cost of an HO-6 policy in Florida depends on many factors, and the company you choose is just one of them.

CompanyAvg. annual premium
Citizens Property Insurance$2,951
HCI Group Inc$1,972
Heritage Insurance Holdings$1,360
Security First Insurance$1,629
State Farm$1,738
Universal Insurance Holding$1,872

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.

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