Condo insurance is a must-have for condo owners. Even if you have the protection offered by your association, it may not cover the things inside of your condo like furniture and personal belongings. Therefore, purchasing condo insurance is a necessity.
Finding the best condo insurance in Texas is no easy task. There are many factors to consider when looking for condo insurance and it can be difficult to know which company will provide you with the best coverage at a fair rate.
In this guide we'll provide a list of the best companies in Texas, how much condo insurance costs and condo insurance rates by companies.
- Condo owners in Texas pay an average of $787 per year or $66 per month in condo(HO6) insurance.
- Farmers is the cheapest condo insurance company in Texas at only $434 per year.
Best condo insurance companies in Texas
In Texas, 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 Texas. Below are the best condo insurance companies in Texas based on Insurance.com's analysis.
- USAA
- State Farm
- Allstate
- Farmers
- Nationwide
Compare best condo insurance companies in Texas
USAA is our top pick for the best condo insurance company in Texas, based on Insurance.com's rate analysis. It has earned 882 scores out of 1000 from J.D. Power and AM Best awarded it A++ rating. But only military officials, veterans and their families are eligible to purchase condominium insurance from USAA.
State Farm and Allstate are other top performers on our list. All these providers have a strong reputation and offer competitive rates. Compare the carriers using their J.D. Power score and AM Best rating mentioned in the table below.
| Company | J.D. Power score | AM Best rating |
|---|---|---|
| USAA | 882 | A++ |
| State Farm | 835 | A++ |
| Allstate | 829 | A+ |
| Farmers | 813 | A |
| Nationwide | 812 | A+ |
| Safeco | 810 | A |
| Travelers | 800 | A++ |
Average cost of condo insurance in Texas
Texas residents pay an average of $787 annually or $66 per month for condo insurance. The recommended coverage level for condo insurance is $40,000 for personal property, $100,000 for liability protection with $1000 deductible.
Your particular condominium insurance cost will depend on the coverage level, the value of your condo, your location and the deductible amount you choose among other factors.
| Average annual premium | Average monthly premium |
|---|---|
| $787 | $66 |
CONDO INSURANCE CALCULATOR
Average condo insurance rates in TEXAS
AVERAGE RATE: $925
Most & least expensive zip codes for condo insurance in Texas
Most Expensive
| Zip Code | City | Highest Rate |
|---|---|---|
| 77550 | Galveston | $2,549 |
| 77551 | Galveston | $2,456 |
| 77554 | Galveston | $2,393 |
| 78597 | South Padre Island | $2,359 |
Least Expensive
| Zip Code | City | Lowest Rate |
|---|---|---|
| 79908 | Biggs Field | $758 |
| 79918 | Biggs Field | $758 |
| 79906 | El Paso | $760 |
| 79910 | El Paso | $760 |
Condo insurance rates by companies in Texas
Farmers offer the cheapest condo insurance rate in Texas at an average of $434 annually, among the carriers surveyed. Condo insurance rates vary between companies for the same policy. So, if you don't shop around, you will not know which insurer offers the most affordable rates.
Below you will find the average annual premium of major condo insurance companies in Texas.
| Company | Average annual premium |
|---|---|
| Farmers | $434 |
| Allstate | $629 |
| Travelers | $710 |
| Safeco | $764 |
| Nationwide | $807 |
| State Farm | $1,172 |
| USAA | $1,238 |
