Condo insurance in Winston Salem, NC

Average cost of condo insurance in Winston-Salem

The average cost of condo insurance (HO-6) in Winston-Salem is $540 per year, which is $45 per month, for a coverage level of $40,000 for personal property and liability protection of $100,000 with a $1,000 deductible.

However, insurance rates vary depending on your location in the city, the company and the coverage limits. The highest average rate for condo insurance in Winston-Salem is $1,198, $906 more than the lowest average rate of $292.

Average annual cost	$540
Average per month cost	$45
Highest average rate	$1,198
Lowest average rate	$292

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Cheapest condo insurance in Winston-Salem

The most affordable condo insurance company in Winston-Salem is North Carolina Farm Bureau, with an average yearly cost of $292. The second most affordable option is State Farm, with an average annual rate of $336.

These rates are only averages, so it's a good idea to compare quotes from different companies to find the best option for your needs.

Company	Average annual premium	Average monthly premium
North Carolina Farm Bureau	$292	$24
State Farm	$336	$28
Erie Insurance	$428	$36
Allstate	$489	$41
Nationwide	$798	$67
USAA	$565	$47

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Condo insurance cost in Winston-Salem compared with the state average

Condo insurance costs an average of $540 per year in Winston-Salem. That's $138 less expensive than the state average of $678.

City average cost	$540
State average cost	$678

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Condo insurance cost in Winston-Salem by coverage level

Several factors affect your HO-6 condo insurance. One key factor is your location, and another is the amount of personal property coverage you choose. The higher your coverage limit, the higher the condo insurance cost.

For example, the average annual cost for $40,000 in personal property coverage is $540, or about $45 per month.

Condo insurance rates in Winston-Salem with $100,000 liability

The following table shows the cost of condo insurance for four coverage levels with a liability limit of $100,000 and $1,000 deductible.

Coverage	Average annual rate	Average per month rate
$40,000	$540	$45
$60,000	$694	$58
$80,000	$834	$69
$100,000	$973	$81

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Condo insurance cost in Winston-Salem with $300,000 liability

The following table shows the cost of condo insurance for four coverage levels with a liability limit of $300,000 and $1,000 deductible.

Coverage	Average annual rate	Average per month rate
$40,000	$548	$46
$60,000	$702	$58
$80,000	$842	$70
$100,000	$981	$82

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Methodology

Insurance.com compared condo insurance rates provided by Quadrant Information Services from 2023 for around 29,000 cities in all states and Washington D.C for multiple coverage levels. The content has been updated for 2025.