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The beauty of a condo is that it offers you the chance to own your very own place while sharing expenses like insurance and maintenance with other owners. You also get all sorts of amenities, making this an excellent investment.

Condo insurance is necessary for those who live in a condominium and it's better than just having insurance from the homeowners association. You want to make sure that you are fully covered in case of an emergency, and that your policy will protect you from any potential damage.

Read this guide to know about the best condo insurance companies in Idaho, average condo insurance cost, the most and least expensive zip codes for condo insurance, and condo insurance rates by carrier.

KEY TAKEAWAYS
  • Condo owners in Idaho pay an average of $512 per year or $43 per month in condo(HO6) insurance.
  • Nationwide is the cheapest condo insurance company in Idaho at only $155 per year.

Best condo insurance companies in Idaho

In Idaho, 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 rating of all the major insurers across Idaho. Below are the best condo insurance companies in Idaho based on Insurance.com's analysis.

  • State Farm
  • American Family
  • Allstate
  • Farmers
  • Nationwide

Compare best condo insurance companies in Idaho

When it comes to finding the best condo insurance company in Idaho, it can be difficult to know where to start. There are a lot of different options out there, and it can be hard to figure out which company is the right fit for you.

That's why we've put together a list of the best condo insurance companies. We've compared the insurance providers based on their J.D. Power score and AM Best rating to help you make the best decision.

Among the carriers surveyed, State Farm scored the highest J.D. Power score, it has earned 835 scores out of 1000 and A++ ratings from AM Best. Apart from State Farm, you can purchase an insurance policy from American Family. It has received 831 scores out of 1000 from J.D. Power and AM Best rated it A.

Compare insurance carriers and their ratings to choose the one that best suits your needs.

CompanyJ.D. Power scoreAM Best rating
State Farm835A++
American Family831A
Allstate829A+
Farmers813A
Nationwide812A+
Safeco810A
Liberty Mutual806A
Travelers800A++

Average cost of condo insurance in Idaho

Condo owners in Idaho pay an average of $498 a year or $41 monthly for insurance coverage of $40,000 in personal property coverage, $100,000 in liability coverage, and $1000 as deductible. There are several factors that affect the price of condo insurance. The size and value of the condo are two key factors, as larger and more expensive condos will tend to have higher premiums.

As with most types of insurance, the best way to get a low rate on condo insurance is to shop around, compare quotes and coverage options from different providers. By comparing rates, you can find the policy that best fits your needs and budget.

Average annual premiumAverage monthly premium
$498$41

CONDO INSURANCE CALCULATOR

Average condo insurance rates in IDAHO

$60,000
$1,000
$100,000
83422 - Driggs
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $613

HIGHEST RATE: $2,300 LOWEST RATE: $128

Most & least expensive zip codes for condo insurance in Idaho

Most Expensive

Zip CodeCityHighest Rate
83660Parma$642
83302Rogerson$641
83316Buhl$641
83321Castleford$641

Least Expensive

Zip CodeCityLowest Rate
83704Boise City$573
83714Boise City$574
83716Boise City$574
83706Boise City$576

Condo insurance rates by companies in Idaho

Based on Insurance.com's rate analysis, Nationwide is the cheapest condo insurance company in Idaho. Its average annual premium for Idaho residents is $155---$343 less than the state average ($498).

While the cost of condominium insurance will vary depending on your insurance provider, location, the coverage limits, and the deductible amount you choose. It's important to compare rates from multiple insurance companies to ensure you're getting the best deal.

Below are the companies that provide the most affordable condo insurance policies to Idaho homeowners along with their average annual premium.

CompanyAverage annual premium
Nationwide$155
Farm Bureau$221
Allstate$259
Safeco$355
American Family$388
Farmers$407
State Farm$439
Travelers$618
First Liberty$1,001
Liberty Mutual$1,001

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