Home Insurance How much is condo insurance in 2024? Condo insurance costs an annual average of $656 nationwide. View Carriers Please enter valid zip Compare top carriers in your area Written by Sarah Sharkey Sarah Sharkey Sarah Sharkey is a personal finance writer with a master’s degree in management from the Hough School of Business at the University of Florida. She enjoys helping readers find money solutions that work. She has written for numerous personal-finance publications including Money Under 30 and The College Investor. Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. Posted on: September 9, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Condo owners across the country pay an average of $656 per year for property insurance. However, your actual cost for condo insurance varies widely based on where you live, among other factors, like the value of the condo and how much coverage you need. Explore the average condo insurance cost around the country and learn how to find affordable rates for your situation. Key Takeaways Residents of Louisiana, Oklahoma, Florida and Texas face the highest average condo insurance rates. Residents of Wyoming, Vermont and North Dakota enjoy the cheapest average condo insurance rates. Shopping around and raising your deductible are effective strategies for lowering your premiums. Average cost of condo insurance in 2024 The typical condo insurance cost is $656 per year. But costs vary based on where you live and the condo itself. Condo insurance rates have been on the rise for the last several years. The Insurance Information Institute (Triple-I) gives rising rates in a tough economic climate for insurance companies as one possible reason. For example, Florida insurance companies face extensive litigation costs and rampant insurance fraud, both of which push insurance premiums higher. Additionally, there has been a rise in expensive natural disasters. According to the National Oceanic and Atmospheric Administration, the U.S. experienced 18 separate weather disasters in 2022 — each costing over $1 billion. The rising number of destructive weather events means insurance companies must pay out more in claims, which often pushes premiums higher. Which states are the most expensive and least expensive for condo insurance? Condo owners face the most expensive insurance rates in Louisiana, Oklahoma, Texas and Florida. The prevalence of natural disasters, like hurricanes and tornadoes, in these states could explain the higher insurance costs. The table below highlights the average rates for the most expensive states below: State Average annual premiumLouisiana$1,093Oklahoma$1,071Texas$1,007Florida$962Alaska$930 In contrast, condo owners face the most affordable rates in Wyoming, Vermont and North Dakota. The relative lack of natural disasters and possibly lower condo values could explain the cheaper rates. The table below shows the states where condo rates are the cheapest. StateAverage annual premiumWyoming$272Vermont$289North Dakota$355Maine$366West Virginia$373 Why are condo insurance rates rising? Condo insurance rates have been on the rise due to several factors, including an increase in natural disasters and the overall inflation of repair and construction costs. Insurers are adjusting premiums to account for these heightened risks and expenses, making it essential for condo owners to shop around for the best rates. Additionally, changes in the economic climate and claims frequency can further contribute to rising insurance costs. Average cost of condo insurance: State-specific breakdown For condo owners looking for a ballpark estimate of rates in their state, see the table below for average rates by state. Please note that these rates include $60,000 for personal property coverage and $300,000 in liability coverage with a $1,000 deductible. State Average annual cost Average monthly cost Alaska$930 $77 Alabama$655 $55 Arkansas$801 $67 Arizona$892 $74 California$767 $64 Colorado$883 $74 Connecticut$646 $54 Washington, D.C.$503 $42 Delaware$407 $34 Florida$962 $80 Georgia$872 $73 Hawaii$413 $34 Iowa$435 $36 Idaho$499 $42 Illinois$614 $51 Indiana$590 $49 Kansas$482 $40 Kentucky$476 $40 Louisiana$1,093 $91 Massachusetts$669 $56 Maryland$642 $53 Maine$366 $31 Michigan$651 $54 Minnesota$423 $35 Missouri$485 $40 Mississippi$765 $64 Montana$486 $40 North Carolina$882 $73 North Dakota$355 $30 Nebraska$529 $44 New Hampshire$502 $42 New Jersey$484 $40 New Mexico$408 $34 Nevada$620 $52 New York$656 $55 Ohio$573 $48 Oklahoma$1,071 $89 Oregon$633 $53 Pennsylvania$657 $55 Rhode Island$566 $47 South Carolina$569 $47 South Dakota$389 $32 Tennessee$616 $51 Texas$1,007 $84 Utah$668 $56 Virginia$548 $46 Vermont$289 $24 Washington$616 $51 Wisconsin$527 $44 West Virginia$373 $31 Wyoming$272 $23 Average cost of condo insurance by coverage level The amount you’ll pay for condo insurance varies by your coverage level. Homeowners who want more coverage will pay more for insurance than someone comfortable with less coverage. The national average cost of condo insurance is $55 per month, which is based on $60,000 of personal property coverage, $300,000 of liability, and a $1,000 deductible. Homeowners with $100,000 of personal property coverage, $300,000 of liability, and a $1,000 deductible pay an average of $87 per month. How much you pay depends on where you live and how much coverage you buy. Expect to pay more than the national average if you want more than baseline coverage. Below is the average cost of condo insurance across various states and coverage levels. State Coverage level Average annual cost Average monthly cost Alaska40000 with 1000 Deductible and 100000 Liability and None Hurricane$860 $72 Alaska40000 with 1000 Deductible and 300000 Liability and None Hurricane$871 $73 Alaska60000 with 1000 Deductible and 100000 Liability and None Hurricane$919 $77 Alaska60000 with 1000 Deductible and 300000 Liability and None Hurricane$930 $77 Alaska80000 with 1000 Deductible and 100000 Liability and None Hurricane$972 $81 Alaska80000 with 1000 Deductible and 300000 Liability and None Hurricane$984 $82 Alaska100000 with 1000 Deductible and 100000 Liability and None Hurricane$1,021 $85 Alaska100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,033 $86 Alabama40000 with 1000 Deductible and 100000 Liability and None Hurricane$545 $45 Alabama40000 with 1000 Deductible and 300000 Liability and None Hurricane$554 $46 Alabama60000 with 1000 Deductible and 100000 Liability and None Hurricane$646 $54 Alabama60000 with 1000 Deductible and 300000 Liability and None Hurricane$655 $55 Alabama80000 with 1000 Deductible and 100000 Liability and None Hurricane$742 $62 Alabama80000 with 1000 Deductible and 300000 Liability and None Hurricane$751 $63 Alabama100000 with 1000 Deductible and 100000 Liability and None Hurricane$834 $70 Alabama100000 with 1000 Deductible and 300000 Liability and None Hurricane$844 $70 Arkansas40000 with 1000 Deductible and 100000 Liability and None Hurricane$703 $59 Arkansas40000 with 1000 Deductible and 300000 Liability and None Hurricane$712 $59 Arkansas60000 with 1000 Deductible and 100000 Liability and None Hurricane$792 $66 Arkansas60000 with 1000 Deductible and 300000 Liability and None Hurricane$801 $67 Arkansas80000 with 1000 Deductible and 100000 Liability and None Hurricane$880 $73 Arkansas80000 with 1000 Deductible and 300000 Liability and None Hurricane$889 $74 Arkansas100000 with 1000 Deductible and 100000 Liability and None Hurricane$968 $81 Arkansas100000 with 1000 Deductible and 300000 Liability and None Hurricane$977 $81 Arizona40000 with 1000 Deductible and 100000 Liability and None Hurricane$775 $65 Arizona40000 with 1000 Deductible and 300000 Liability and None Hurricane$790 $66 Arizona60000 with 1000 Deductible and 100000 Liability and None Hurricane$876 $73 Arizona60000 with 1000 Deductible and 300000 Liability and None Hurricane$892 $74 Arizona80000 with 1000 Deductible and 100000 Liability and None Hurricane$966 $80 Arizona80000 with 1000 Deductible and 300000 Liability and None Hurricane$984 $82 Arizona100000 with 1000 Deductible and 100000 Liability and None Hurricane$1,051 $88 Arizona100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,071 $89 California40000 with 1000 Deductible and 100000 Liability and None Hurricane$650 $54 California40000 with 1000 Deductible and 300000 Liability and None Hurricane$669 $56 California60000 with 1000 Deductible and 100000 Liability and None Hurricane$747 $62 California60000 with 1000 Deductible and 300000 Liability and None Hurricane$767 $64 California80000 with 1000 Deductible and 100000 Liability and None Hurricane$827 $69 California80000 with 1000 Deductible and 300000 Liability and None Hurricane$848 $71 California100000 with 1000 Deductible and 100000 Liability and None Hurricane$909 $76 California100000 with 1000 Deductible and 300000 Liability and None Hurricane$931 $78 Colorado40000 with 1000 Deductible and 100000 Liability and None Hurricane$773 $64 Colorado40000 with 1000 Deductible and 300000 Liability and None Hurricane$790 $66 Colorado60000 with 1000 Deductible and 100000 Liability and None Hurricane$866 $72 Colorado60000 with 1000 Deductible and 300000 Liability and None Hurricane$883 $74 Colorado80000 with 1000 Deductible and 100000 Liability and None Hurricane$950 $79 Colorado80000 with 1000 Deductible and 300000 Liability and None Hurricane$966 $80 Colorado100000 with 1000 Deductible and 100000 Liability and None Hurricane$1,025 $85 Colorado100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,041 $87 Connecticut40000 with 1000 Deductible and 100000 Liability and None Hurricane$534 $45 Connecticut40000 with 1000 Deductible and 300000 Liability and None Hurricane$552 $46 Connecticut60000 with 1000 Deductible and 100000 Liability and None Hurricane$627 $52 Connecticut60000 with 1000 Deductible and 300000 Liability and None Hurricane$646 $54 Connecticut80000 with 1000 Deductible and 100000 Liability and None Hurricane$713 $59 Connecticut80000 with 1000 Deductible and 300000 Liability and None Hurricane$732 $61 Connecticut100000 with 1000 Deductible and 100000 Liability and None Hurricane$799 $67 Connecticut100000 with 1000 Deductible and 300000 Liability and None Hurricane$818 $68 Washington, D.C.40000 with 1000 Deductible and 100000 Liability and None Hurricane$406 $34 Washington, D.C.40000 with 1000 Deductible and 300000 Liability and None Hurricane$417 $35 Washington, D.C.60000 with 1000 Deductible and 100000 Liability and None Hurricane$491 $41 Washington, D.C.60000 with 1000 Deductible and 300000 Liability and None Hurricane$503 $42 Washington, D.C.80000 with 1000 Deductible and 100000 Liability and None Hurricane$579 $48 Washington, D.C.80000 with 1000 Deductible and 300000 Liability and None Hurricane$591 $49 Washington, D.C.100000 with 1000 Deductible and 100000 Liability and None Hurricane$665 $55 Washington, D.C.100000 with 1000 Deductible and 300000 Liability and None Hurricane$677 $56 Delaware40000 with 1000 Deductible and 100000 Liability and None Hurricane$323 $27 Delaware40000 with 1000 Deductible and 300000 Liability and None Hurricane$336 $28 Delaware60000 with 1000 Deductible and 100000 Liability and None Hurricane$393 $33 Delaware60000 with 1000 Deductible and 300000 Liability and None Hurricane$407 $34 Delaware80000 with 1000 Deductible and 100000 Liability and None Hurricane$455 $38 Delaware80000 with 1000 Deductible and 300000 Liability and None Hurricane$469 $39 Delaware100000 with 1000 Deductible and 100000 Liability and None Hurricane$522 $43 Delaware100000 with 1000 Deductible and 300000 Liability and None Hurricane$536 $45 Florida40000 with 1000 Deductible and 100000 Liability and None Hurricane$772 $64 Florida40000 with 1000 Deductible and 300000 Liability and None Hurricane$789 $66 Florida60000 with 1000 Deductible and 100000 Liability and None Hurricane$945 $79 Florida60000 with 1000 Deductible and 300000 Liability and None Hurricane$962 $80 Florida80000 with 1000 Deductible and 100000 Liability and None Hurricane$1,111 $93 Florida80000 with 1000 Deductible and 300000 Liability and None Hurricane$1,129 $94 Florida100000 with 1000 Deductible and 100000 Liability and None Hurricane$1,273 $106 Florida100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,291 $108 Georgia40000 with 1000 Deductible and 100000 Liability and None Hurricane$747 $62 Georgia40000 with 1000 Deductible and 300000 Liability and None Hurricane$756 $63 Georgia60000 with 1000 Deductible and 100000 Liability and None Hurricane$863 $72 Georgia60000 with 1000 Deductible and 300000 Liability and None Hurricane$872 $73 Georgia80000 with 1000 Deductible and 100000 Liability and None Hurricane$971 $81 Georgia80000 with 1000 Deductible and 300000 Liability and None Hurricane$981 $82 Georgia100000 with 1000 Deductible and 100000 Liability and None Hurricane$1,077 $90 Georgia100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,087 $91 Hawaii40000 with 1000 Deductible and 100000 Liability and None Hurricane$318 $27 Hawaii40000 with 1000 Deductible and 300000 Liability and None Hurricane$341 $28 Hawaii60000 with 1000 Deductible and 100000 Liability and None Hurricane$390 $33 Hawaii60000 with 1000 Deductible and 300000 Liability and None Hurricane$413 $34 Hawaii80000 with 1000 Deductible and 100000 Liability and None Hurricane$451 $38 Hawaii80000 with 1000 Deductible and 300000 Liability and None Hurricane$474 $39 Hawaii100000 with 1000 Deductible and 100000 Liability and None Hurricane$512 $43 Hawaii100000 with 1000 Deductible and 300000 Liability and None Hurricane$535 $45 Iowa40000 with 1000 Deductible and 100000 Liability and None Hurricane$379 $32 Iowa40000 with 1000 Deductible and 300000 Liability and None Hurricane$391 $33 Iowa60000 with 1000 Deductible and 100000 Liability and None Hurricane$423 $35 Iowa60000 with 1000 Deductible and 300000 Liability and None Hurricane$435 $36 Iowa80000 with 1000 Deductible and 100000 Liability and None Hurricane$461 $38 Iowa80000 with 1000 Deductible and 300000 Liability and None Hurricane$473 $39 Iowa100000 with 1000 Deductible and 100000 Liability and None Hurricane$496 $41 Iowa100000 with 1000 Deductible and 300000 Liability and None Hurricane$508 $42 Idaho40000 with 1000 Deductible and 100000 Liability and None Hurricane$437 $36 Idaho40000 with 1000 Deductible and 300000 Liability and None Hurricane$448 $37 Idaho60000 with 1000 Deductible and 100000 Liability and None Hurricane$489 $41 Idaho60000 with 1000 Deductible and 300000 Liability and None Hurricane$499 $42 Idaho80000 with 1000 Deductible and 100000 Liability and None Hurricane$537 $45 Idaho80000 with 1000 Deductible and 300000 Liability and None Hurricane$547 $46 Idaho100000 with 1000 Deductible and 100000 Liability and None Hurricane$583 $49 Idaho100000 with 1000 Deductible and 300000 Liability and None Hurricane$593 $49 Illinois40000 with 1000 Deductible and 100000 Liability and None Hurricane$536 $45 Illinois40000 with 1000 Deductible and 300000 Liability and None Hurricane$548 $46 Illinois60000 with 1000 Deductible and 100000 Liability and None Hurricane$601 $50 Illinois60000 with 1000 Deductible and 300000 Liability and None Hurricane$614 $51 Illinois80000 with 1000 Deductible and 100000 Liability and None Hurricane$661 $55 Illinois80000 with 1000 Deductible and 300000 Liability and None Hurricane$674 $56 Illinois100000 with 1000 Deductible and 100000 Liability and None Hurricane$715 $60 Illinois100000 with 1000 Deductible and 300000 Liability and None Hurricane$729 $61 Indiana40000 with 1000 Deductible and 100000 Liability and None Hurricane$506 $42 Indiana40000 with 1000 Deductible and 300000 Liability and None Hurricane$521 $43 Indiana60000 with 1000 Deductible and 100000 Liability and None Hurricane$573 $48 Indiana60000 with 1000 Deductible and 300000 Liability and None Hurricane$590 $49 Indiana80000 with 1000 Deductible and 100000 Liability and None Hurricane$635 $53 Indiana80000 with 1000 Deductible and 300000 Liability and None Hurricane$653 $54 Indiana100000 with 1000 Deductible and 100000 Liability and None Hurricane$697 $58 Indiana100000 with 1000 Deductible and 300000 Liability and None Hurricane$717 $60 Kansas40000 with 1000 Deductible and 100000 Liability and None Hurricane$415 $35 Kansas40000 with 1000 Deductible and 300000 Liability and None Hurricane$427 $36 Kansas60000 with 1000 Deductible and 100000 Liability and None Hurricane$469 $39 Kansas60000 with 1000 Deductible and 300000 Liability and None Hurricane$482 $40 Kansas80000 with 1000 Deductible and 100000 Liability and None Hurricane$525 $44 Kansas80000 with 1000 Deductible and 300000 Liability and None Hurricane$538 $45 Kansas100000 with 1000 Deductible and 100000 Liability and None Hurricane$577 $48 Kansas100000 with 1000 Deductible and 300000 Liability and None Hurricane$590 $49 Kentucky40000 with 1000 Deductible and 100000 Liability and None Hurricane$389 $32 Kentucky40000 with 1000 Deductible and 300000 Liability and None Hurricane$399 $33 Kentucky60000 with 1000 Deductible and 100000 Liability and None Hurricane$465 $39 Kentucky60000 with 1000 Deductible and 300000 Liability and None Hurricane$476 $40 Kentucky80000 with 1000 Deductible and 100000 Liability and None Hurricane$539 $45 Kentucky80000 with 1000 Deductible and 300000 Liability and None Hurricane$550 $46 Kentucky100000 with 1000 Deductible and 100000 Liability and None Hurricane$606 $50 Kentucky100000 with 1000 Deductible and 300000 Liability and None Hurricane$617 $51 Louisiana40000 with 1000 Deductible and 100000 Liability and None Hurricane$948 $79 Louisiana40000 with 1000 Deductible and 300000 Liability and None Hurricane$963 $80 Louisiana60000 with 1000 Deductible and 100000 Liability and None Hurricane$1,078 $90 Louisiana60000 with 1000 Deductible and 300000 Liability and None Hurricane$1,093 $91 Louisiana80000 with 1000 Deductible and 100000 Liability and None Hurricane$1,203 $100 Louisiana80000 with 1000 Deductible and 300000 Liability and None Hurricane$1,218 $101 Louisiana100000 with 1000 Deductible and 100000 Liability and None Hurricane$1,323 $110 Louisiana100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,337 $111 Massachusetts40000 with 1000 Deductible and 100000 Liability and None Hurricane$552 $46 Massachusetts40000 with 1000 Deductible and 300000 Liability and None Hurricane$567 $47 Massachusetts60000 with 1000 Deductible and 100000 Liability and None Hurricane$653 $54 Massachusetts60000 with 1000 Deductible and 300000 Liability and None Hurricane$669 $56 Massachusetts80000 with 1000 Deductible and 100000 Liability and None Hurricane$742 $62 Massachusetts80000 with 1000 Deductible and 300000 Liability and None Hurricane$759 $63 Massachusetts100000 with 1000 Deductible and 100000 Liability and None Hurricane$832 $69 Massachusetts100000 with 1000 Deductible and 300000 Liability and None Hurricane$850 $71 Maryland40000 with 1000 Deductible and 100000 Liability and None Hurricane$548 $46 Maryland40000 with 1000 Deductible and 300000 Liability and None Hurricane$559 $47 Maryland60000 with 1000 Deductible and 100000 Liability and None Hurricane$627 $52 Maryland60000 with 1000 Deductible and 300000 Liability and None Hurricane$642 $53 Maryland80000 with 1000 Deductible and 100000 Liability and None Hurricane$698 $58 Maryland80000 with 1000 Deductible and 300000 Liability and None Hurricane$714 $59 Maryland100000 with 1000 Deductible and 100000 Liability and None Hurricane$765 $64 Maryland100000 with 1000 Deductible and 300000 Liability and None Hurricane$783 $65 Maine40000 with 1000 Deductible and 100000 Liability and None Hurricane$289 $24 Maine40000 with 1000 Deductible and 300000 Liability and None Hurricane$307 $26 Maine60000 with 1000 Deductible and 100000 Liability and None Hurricane$348 $29 Maine60000 with 1000 Deductible and 300000 Liability and None Hurricane$366 $31 Maine80000 with 1000 Deductible and 100000 Liability and None Hurricane$401 $33 Maine80000 with 1000 Deductible and 300000 Liability and None Hurricane$419 $35 Maine100000 with 1000 Deductible and 100000 Liability and None Hurricane$454 $38 Maine100000 with 1000 Deductible and 300000 Liability and None Hurricane$472 $39 Michigan40000 with 1000 Deductible and 100000 Liability and None Hurricane$562 $47 Michigan40000 with 1000 Deductible and 300000 Liability and None Hurricane$577 $48 Michigan60000 with 1000 Deductible and 100000 Liability and None Hurricane$636 $53 Michigan60000 with 1000 Deductible and 300000 Liability and None Hurricane$651 $54 Michigan80000 with 1000 Deductible and 100000 Liability and None Hurricane$704 $59 Michigan80000 with 1000 Deductible and 300000 Liability and None Hurricane$720 $60 Michigan100000 with 1000 Deductible and 100000 Liability and None Hurricane$772 $64 Michigan100000 with 1000 Deductible and 300000 Liability and None Hurricane$787 $66 Minnesota40000 with 1000 Deductible and 100000 Liability and None Hurricane$351 $29 Minnesota40000 with 1000 Deductible and 300000 Liability and None Hurricane$363 $30 Minnesota60000 with 1000 Deductible and 100000 Liability and None Hurricane$411 $34 Minnesota60000 with 1000 Deductible and 300000 Liability and None Hurricane$423 $35 Minnesota80000 with 1000 Deductible and 100000 Liability and None Hurricane$472 $39 Minnesota80000 with 1000 Deductible and 300000 Liability and None Hurricane$484 $40 Minnesota100000 with 1000 Deductible and 100000 Liability and None Hurricane$533 $44 Minnesota100000 with 1000 Deductible and 300000 Liability and None Hurricane$545 $45 Missouri40000 with 1000 Deductible and 100000 Liability and None Hurricane$420 $35 Missouri40000 with 1000 Deductible and 300000 Liability and None Hurricane$434 $36 Missouri60000 with 1000 Deductible and 100000 Liability and None Hurricane$471 $39 Missouri60000 with 1000 Deductible and 300000 Liability and None Hurricane$485 $40 Missouri80000 with 1000 Deductible and 100000 Liability and None Hurricane$517 $43 Missouri80000 with 1000 Deductible and 300000 Liability and None Hurricane$531 $44 Missouri100000 with 1000 Deductible and 100000 Liability and None Hurricane$559 $47 Missouri100000 with 1000 Deductible and 300000 Liability and None Hurricane$573 $48 Mississippi40000 with 1000 Deductible and 100000 Liability and None Hurricane$638 $53 Mississippi40000 with 1000 Deductible and 300000 Liability and None Hurricane$651 $54 Mississippi60000 with 1000 Deductible and 100000 Liability and None Hurricane$751 $63 Mississippi60000 with 1000 Deductible and 300000 Liability and None Hurricane$765 $64 Mississippi80000 with 1000 Deductible and 100000 Liability and None Hurricane$870 $73 Mississippi80000 with 1000 Deductible and 300000 Liability and None Hurricane$885 $74 Mississippi100000 with 1000 Deductible and 100000 Liability and None Hurricane$997 $83 Mississippi100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,013 $84 Montana40000 with 1000 Deductible and 100000 Liability and None Hurricane$418 $35 Montana40000 with 1000 Deductible and 300000 Liability and None Hurricane$429 $36 Montana60000 with 1000 Deductible and 100000 Liability and None Hurricane$475 $40 Montana60000 with 1000 Deductible and 300000 Liability and None Hurricane$486 $40 Montana80000 with 1000 Deductible and 100000 Liability and None Hurricane$522 $44 Montana80000 with 1000 Deductible and 300000 Liability and None Hurricane$534 $44 Montana100000 with 1000 Deductible and 100000 Liability and None Hurricane$572 $48 Montana100000 with 1000 Deductible and 300000 Liability and None Hurricane$584 $49 North Carolina40000 with 1000 Deductible and 100000 Liability and None Hurricane$678 $57 North Carolina40000 with 1000 Deductible and 300000 Liability and None Hurricane$686 $57 North Carolina60000 with 1000 Deductible and 100000 Liability and None Hurricane$874 $73 North Carolina60000 with 1000 Deductible and 300000 Liability and None Hurricane$882 $73 North Carolina80000 with 1000 Deductible and 100000 Liability and None Hurricane$1,054 $88 North Carolina80000 with 1000 Deductible and 300000 Liability and None Hurricane$1,062 $88 North Carolina100000 with 1000 Deductible and 100000 Liability and None Hurricane$1,234 $103 North Carolina100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,242 $103 North Dakota40000 with 1000 Deductible and 100000 Liability and None Hurricane$296 $25 North Dakota40000 with 1000 Deductible and 300000 Liability and None Hurricane$310 $26 North Dakota60000 with 1000 Deductible and 100000 Liability and None Hurricane$340 $28 North Dakota60000 with 1000 Deductible and 300000 Liability and None Hurricane$355 $30 North Dakota80000 with 1000 Deductible and 100000 Liability and None Hurricane$387 $32 North Dakota80000 with 1000 Deductible and 300000 Liability and None Hurricane$401 $33 North Dakota100000 with 1000 Deductible and 100000 Liability and None Hurricane$433 $36 North Dakota100000 with 1000 Deductible and 300000 Liability and None Hurricane$449 $37 Nebraska40000 with 1000 Deductible and 100000 Liability and None Hurricane$463 $39 Nebraska40000 with 1000 Deductible and 300000 Liability and None Hurricane$474 $39 Nebraska60000 with 1000 Deductible and 100000 Liability and None Hurricane$517 $43 Nebraska60000 with 1000 Deductible and 300000 Liability and None Hurricane$529 $44 Nebraska80000 with 1000 Deductible and 100000 Liability and None Hurricane$567 $47 Nebraska80000 with 1000 Deductible and 300000 Liability and None Hurricane$579 $48 Nebraska100000 with 1000 Deductible and 100000 Liability and None Hurricane$618 $52 Nebraska100000 with 1000 Deductible and 300000 Liability and None Hurricane$631 $53 New Hampshire40000 with 1000 Deductible and 100000 Liability and None Hurricane$438 $37 New Hampshire40000 with 1000 Deductible and 300000 Liability and None Hurricane$446 $37 New Hampshire60000 with 1000 Deductible and 100000 Liability and None Hurricane$494 $41 New Hampshire60000 with 1000 Deductible and 300000 Liability and None Hurricane$502 $42 New Hampshire80000 with 1000 Deductible and 100000 Liability and None Hurricane$545 $45 New Hampshire80000 with 1000 Deductible and 300000 Liability and None Hurricane$553 $46 New Hampshire100000 with 1000 Deductible and 100000 Liability and None Hurricane$592 $49 New Hampshire100000 with 1000 Deductible and 300000 Liability and None Hurricane$600 $50 New Jersey40000 with 1000 Deductible and 100000 Liability and None Hurricane$401 $33 New Jersey40000 with 1000 Deductible and 300000 Liability and None Hurricane$415 $35 New Jersey60000 with 1000 Deductible and 100000 Liability and None Hurricane$470 $39 New Jersey60000 with 1000 Deductible and 300000 Liability and None Hurricane$484 $40 New Jersey80000 with 1000 Deductible and 100000 Liability and None Hurricane$538 $45 New Jersey80000 with 1000 Deductible and 300000 Liability and None Hurricane$552 $46 New Jersey100000 with 1000 Deductible and 100000 Liability and None Hurricane$603 $50 New Jersey100000 with 1000 Deductible and 300000 Liability and None Hurricane$617 $51 New Mexico40000 with 1000 Deductible and 100000 Liability and None Hurricane$358 $30 New Mexico40000 with 1000 Deductible and 300000 Liability and None Hurricane$367 $31 New Mexico60000 with 1000 Deductible and 100000 Liability and None Hurricane$399 $33 New Mexico60000 with 1000 Deductible and 300000 Liability and None Hurricane$408 $34 New Mexico80000 with 1000 Deductible and 100000 Liability and None Hurricane$431 $36 New Mexico80000 with 1000 Deductible and 300000 Liability and None Hurricane$440 $37 New Mexico100000 with 1000 Deductible and 100000 Liability and None Hurricane$461 $38 New Mexico100000 with 1000 Deductible and 300000 Liability and None Hurricane$470 $39 Nevada40000 with 1000 Deductible and 100000 Liability and None Hurricane$519 $43 Nevada40000 with 1000 Deductible and 300000 Liability and None Hurricane$546 $46 Nevada60000 with 1000 Deductible and 100000 Liability and None Hurricane$593 $49 Nevada60000 with 1000 Deductible and 300000 Liability and None Hurricane$620 $52 Nevada80000 with 1000 Deductible and 100000 Liability and None Hurricane$664 $55 Nevada80000 with 1000 Deductible and 300000 Liability and None Hurricane$692 $58 Nevada100000 with 1000 Deductible and 100000 Liability and None Hurricane$735 $61 Nevada100000 with 1000 Deductible and 300000 Liability and None Hurricane$763 $64 New York40000 with 1000 Deductible and 100000 Liability and None Hurricane$544 $45 New York40000 with 1000 Deductible and 300000 Liability and None Hurricane$570 $47 New York60000 with 1000 Deductible and 100000 Liability and None Hurricane$630 $53 New York60000 with 1000 Deductible and 300000 Liability and None Hurricane$656 $55 New York80000 with 1000 Deductible and 100000 Liability and None Hurricane$710 $59 New York80000 with 1000 Deductible and 300000 Liability and None Hurricane$737 $61 New York100000 with 1000 Deductible and 100000 Liability and None Hurricane$798 $66 New York100000 with 1000 Deductible and 300000 Liability and None Hurricane$825 $69 Ohio40000 with 1000 Deductible and 100000 Liability and None Hurricane$493 $41 Ohio40000 with 1000 Deductible and 300000 Liability and None Hurricane$508 $42 Ohio60000 with 1000 Deductible and 100000 Liability and None Hurricane$556 $46 Ohio60000 with 1000 Deductible and 300000 Liability and None Hurricane$573 $48 Ohio80000 with 1000 Deductible and 100000 Liability and None Hurricane$611 $51 Ohio80000 with 1000 Deductible and 300000 Liability and None Hurricane$630 $53 Ohio100000 with 1000 Deductible and 100000 Liability and None Hurricane$664 $55 Ohio100000 with 1000 Deductible and 300000 Liability and None Hurricane$685 $57 Oklahoma40000 with 1000 Deductible and 100000 Liability and None Hurricane$929 $77 Oklahoma40000 with 1000 Deductible and 300000 Liability and None Hurricane$940 $78 Oklahoma60000 with 1000 Deductible and 100000 Liability and None Hurricane$1,061 $88 Oklahoma60000 with 1000 Deductible and 300000 Liability and None Hurricane$1,071 $89 Oklahoma80000 with 1000 Deductible and 100000 Liability and None Hurricane$1,184 $99 Oklahoma80000 with 1000 Deductible and 300000 Liability and None Hurricane$1,194 $100 Oklahoma100000 with 1000 Deductible and 100000 Liability and None Hurricane$1,298 $108 Oklahoma100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,309 $109 Oregon40000 with 1000 Deductible and 100000 Liability and None Hurricane$552 $46 Oregon40000 with 1000 Deductible and 300000 Liability and None Hurricane$566 $47 Oregon60000 with 1000 Deductible and 100000 Liability and None Hurricane$618 $52 Oregon60000 with 1000 Deductible and 300000 Liability and None Hurricane$633 $53 Oregon80000 with 1000 Deductible and 100000 Liability and None Hurricane$680 $57 Oregon80000 with 1000 Deductible and 300000 Liability and None Hurricane$695 $58 Oregon100000 with 1000 Deductible and 100000 Liability and None Hurricane$736 $61 Oregon100000 with 1000 Deductible and 300000 Liability and None Hurricane$752 $63 Pennsylvania40000 with 1000 Deductible and 100000 Liability and None Hurricane$571 $48 Pennsylvania40000 with 1000 Deductible and 300000 Liability and None Hurricane$587 $49 Pennsylvania60000 with 1000 Deductible and 100000 Liability and None Hurricane$639 $53 Pennsylvania60000 with 1000 Deductible and 300000 Liability and None Hurricane$657 $55 Pennsylvania80000 with 1000 Deductible and 100000 Liability and None Hurricane$702 $58 Pennsylvania80000 with 1000 Deductible and 300000 Liability and None Hurricane$722 $60 Pennsylvania100000 with 1000 Deductible and 100000 Liability and None Hurricane$764 $64 Pennsylvania100000 with 1000 Deductible and 300000 Liability and None Hurricane$786 $66 Rhode Island40000 with 1000 Deductible and 100000 Liability and None Hurricane$476 $40 Rhode Island40000 with 1000 Deductible and 300000 Liability and None Hurricane$488 $41 Rhode Island60000 with 1000 Deductible and 100000 Liability and None Hurricane$554 $46 Rhode Island60000 with 1000 Deductible and 300000 Liability and None Hurricane$566 $47 Rhode Island80000 with 1000 Deductible and 100000 Liability and None Hurricane$623 $52 Rhode Island80000 with 1000 Deductible and 300000 Liability and None Hurricane$634 $53 Rhode Island100000 with 1000 Deductible and 100000 Liability and None Hurricane$693 $58 Rhode Island100000 with 1000 Deductible and 300000 Liability and None Hurricane$704 $59 South Carolina40000 with 1000 Deductible and 100000 Liability and None Hurricane$487 $41 South Carolina40000 with 1000 Deductible and 300000 Liability and None Hurricane$498 $42 South Carolina60000 with 1000 Deductible and 100000 Liability and None Hurricane$557 $46 South Carolina60000 with 1000 Deductible and 300000 Liability and None Hurricane$569 $47 South Carolina80000 with 1000 Deductible and 100000 Liability and None Hurricane$625 $52 South Carolina80000 with 1000 Deductible and 300000 Liability and None Hurricane$637 $53 South Carolina100000 with 1000 Deductible and 100000 Liability and None Hurricane$697 $58 South Carolina100000 with 1000 Deductible and 300000 Liability and None Hurricane$711 $59 South Dakota40000 with 1000 Deductible and 100000 Liability and None Hurricane$336 $28 South Dakota40000 with 1000 Deductible and 300000 Liability and None Hurricane$347 $29 South Dakota60000 with 1000 Deductible and 100000 Liability and None Hurricane$377 $31 South Dakota60000 with 1000 Deductible and 300000 Liability and None Hurricane$389 $32 South Dakota80000 with 1000 Deductible and 100000 Liability and None Hurricane$429 $36 South Dakota80000 with 1000 Deductible and 300000 Liability and None Hurricane$441 $37 South Dakota100000 with 1000 Deductible and 100000 Liability and None Hurricane$474 $40 South Dakota100000 with 1000 Deductible and 300000 Liability and None Hurricane$486 $41 Tennessee40000 with 1000 Deductible and 100000 Liability and None Hurricane$521 $43 Tennessee40000 with 1000 Deductible and 300000 Liability and None Hurricane$537 $45 Tennessee60000 with 1000 Deductible and 100000 Liability and None Hurricane$597 $50 Tennessee60000 with 1000 Deductible and 300000 Liability and None Hurricane$616 $51 Tennessee80000 with 1000 Deductible and 100000 Liability and None Hurricane$667 $56 Tennessee80000 with 1000 Deductible and 300000 Liability and None Hurricane$689 $57 Tennessee100000 with 1000 Deductible and 100000 Liability and None Hurricane$739 $62 Tennessee100000 with 1000 Deductible and 300000 Liability and None Hurricane$763 $64 Texas40000 with 1000 Deductible and 100000 Liability and None Hurricane$855 $71 Texas40000 with 1000 Deductible and 300000 Liability and None Hurricane$866 $72 Texas60000 with 1000 Deductible and 100000 Liability and None Hurricane$996 $83 Texas60000 with 1000 Deductible and 300000 Liability and None Hurricane$1,007 $84 Texas80000 with 1000 Deductible and 100000 Liability and None Hurricane$1,125 $94 Texas80000 with 1000 Deductible and 300000 Liability and None Hurricane$1,136 $95 Texas100000 with 1000 Deductible and 100000 Liability and None Hurricane$1,246 $104 Texas100000 with 1000 Deductible and 300000 Liability and None Hurricane$1,257 $105 Utah40000 with 1000 Deductible and 100000 Liability and None Hurricane$587 $49 Utah40000 with 1000 Deductible and 300000 Liability and None Hurricane$597 $50 Utah60000 with 1000 Deductible and 100000 Liability and None Hurricane$658 $55 Utah60000 with 1000 Deductible and 300000 Liability and None Hurricane$668 $56 Utah80000 with 1000 Deductible and 100000 Liability and None Hurricane$721 $60 Utah80000 with 1000 Deductible and 300000 Liability and None Hurricane$731 $61 Utah100000 with 1000 Deductible and 100000 Liability and None Hurricane$776 $65 Utah100000 with 1000 Deductible and 300000 Liability and None Hurricane$786 $66 Virginia40000 with 1000 Deductible and 100000 Liability and None Hurricane$445 $37 Virginia40000 with 1000 Deductible and 300000 Liability and None Hurricane$465 $39 Virginia60000 with 1000 Deductible and 100000 Liability and None Hurricane$527 $44 Virginia60000 with 1000 Deductible and 300000 Liability and None Hurricane$548 $46 Virginia80000 with 1000 Deductible and 100000 Liability and None Hurricane$601 $50 Virginia80000 with 1000 Deductible and 300000 Liability and None Hurricane$625 $52 Virginia100000 with 1000 Deductible and 100000 Liability and None Hurricane$677 $56 Virginia100000 with 1000 Deductible and 300000 Liability and None Hurricane$703 $59 Vermont40000 with 1000 Deductible and 100000 Liability and None Hurricane$240 $20 Vermont40000 with 1000 Deductible and 300000 Liability and None Hurricane$256 $21 Vermont60000 with 1000 Deductible and 100000 Liability and None Hurricane$272 $23 Vermont60000 with 1000 Deductible and 300000 Liability and None Hurricane$289 $24 Vermont80000 with 1000 Deductible and 100000 Liability and None Hurricane$303 $25 Vermont80000 with 1000 Deductible and 300000 Liability and None Hurricane$320 $27 Vermont100000 with 1000 Deductible and 100000 Liability and None Hurricane$336 $28 Vermont100000 with 1000 Deductible and 300000 Liability and None Hurricane$353 $29 Washington40000 with 1000 Deductible and 100000 Liability and None Hurricane$539 $45 Washington40000 with 1000 Deductible and 300000 Liability and None Hurricane$549 $46 Washington60000 with 1000 Deductible and 100000 Liability and None Hurricane$606 $51 Washington60000 with 1000 Deductible and 300000 Liability and None Hurricane$616 $51 Washington80000 with 1000 Deductible and 100000 Liability and None Hurricane$671 $56 Washington80000 with 1000 Deductible and 300000 Liability and None Hurricane$680 $57 Washington100000 with 1000 Deductible and 100000 Liability and None Hurricane$737 $61 Washington100000 with 1000 Deductible and 300000 Liability and None Hurricane$747 $62 Wisconsin40000 with 1000 Deductible and 100000 Liability and None Hurricane$476 $40 Wisconsin40000 with 1000 Deductible and 300000 Liability and None Hurricane$484 $40 Wisconsin60000 with 1000 Deductible and 100000 Liability and None Hurricane$519 $43 Wisconsin60000 with 1000 Deductible and 300000 Liability and None Hurricane$527 $44 Wisconsin80000 with 1000 Deductible and 100000 Liability and None Hurricane$556 $46 Wisconsin80000 with 1000 Deductible and 300000 Liability and None Hurricane$565 $47 Wisconsin100000 with 1000 Deductible and 100000 Liability and None Hurricane$590 $49 Wisconsin100000 with 1000 Deductible and 300000 Liability and None Hurricane$599 $50 West Virginia40000 with 1000 Deductible and 100000 Liability and None Hurricane$312 $26 West Virginia40000 with 1000 Deductible and 300000 Liability and None Hurricane$325 $27 West Virginia60000 with 1000 Deductible and 100000 Liability and None Hurricane$358 $30 West Virginia60000 with 1000 Deductible and 300000 Liability and None Hurricane$373 $31 West Virginia80000 with 1000 Deductible and 100000 Liability and None Hurricane$398 $33 West Virginia80000 with 1000 Deductible and 300000 Liability and None Hurricane$415 $35 West Virginia100000 with 1000 Deductible and 100000 Liability and None Hurricane$438 $36 West Virginia100000 with 1000 Deductible and 300000 Liability and None Hurricane$457 $38 Wyoming40000 with 1000 Deductible and 100000 Liability and None Hurricane$249 $21 Wyoming40000 with 1000 Deductible and 300000 Liability and None Hurricane$255 $21 Wyoming60000 with 1000 Deductible and 100000 Liability and None Hurricane$267 $22 Wyoming60000 with 1000 Deductible and 300000 Liability and None Hurricane$272 $23 Wyoming80000 with 1000 Deductible and 100000 Liability and None Hurricane$289 $24 Wyoming80000 with 1000 Deductible and 300000 Liability and None Hurricane$294 $25 Wyoming100000 with 1000 Deductible and 100000 Liability and None Hurricane$309 $26 Wyoming100000 with 1000 Deductible and 300000 Liability and None Hurricane$315 $26 Average cost of condo insurance from top insurers Every company has a slightly different method of evaluating rates, which leads to different premiums. For example, State Farm offers the cheapest average rates of $37 per month. Erie and Allstate offer the next most-affordable condo coverage with a rate of $46 per month. In contrast, Progressive offers some of the most expensive rates, costing over $65 per month. The table below breaks down the average cost of condo insurance by insurance company. Rates are based on $60,000 of personal property coverage, $300,000 of liability and a $1,000 deductible. CompanyAverage annual premiumAverage semi-annual premiumAverage monthly premiumState Farm$441$220$37Auto-Owners$493$247$41Allstate$553$277$46Erie$554$277$46American Family$578$289$48Amica Mutual$663$332$55Nationwide$669$334$56Farmers$733N/A N/ATravelers$776$366$61Progressive$833$388$65USAA$854$427$71 Note: USAA is only available to military community members and their families. Factors influencing average condo insurance prices On the whole, condo insurance prices seem to be rising. Below is a look at the potential reasons for this upward trend. Natural disasters. Homeowners living in an area with more natural disasters often face higher premiums than other locations. Location. Beyond weather events, your location is tied to crime rates and proximity to a fire station, each of which can influence your rates. Lower crime rates and a nearby fire station often lead to lower rates. Property features. The property itself matters. Details like the age, size and amenities of the condo affect its value. A more expensive condo will likely be more expensive to insure. Personal situation. Insurers offer lower rates to homeowners with high credit scores and limited claims histories. How to calculate the average cost of condo insurance Whether you already own a condo or you are considering buying, it’s a good idea to consider the cost of coverage. A quick estimate of coverage can help you build a budget. But before you lock in any particular policy, take the time to get multiple quotes to make sure you don’t overpay. Condo insurance calculator ZIP code Please enter a valid ZIP code Personal Property Coverage $60,000 $40,000 $60,000 $80,000 $100,000 Deductible $1,000 $1,000 Liability $100,000 $100,000 $300,000 Filter Average condo insurance rates in Florida 33315 - Fort Lauderdale $1,295 Average rate $2,663 Highest rate The estimated highest premium from one of the carriers near 33315 $401 Lowest rate The estimated lowest premium from one of the carriers near 33315 Most expensive ZIP codes for condo insurance in Florida ZIP code City Average Rate 33013 Hialeah $2,059 33014 Hialeah $2,027 33010 Hialeah $2,027 33054 Miami Gardens $1,951 Least expensive ZIP codes for condo insurance in Florida ZIP code City Average Rate 32095 St. Augustine $612 32145 Flagler Estates $622 32086 St. Augustine $622 32033 Elkton $622 Methodology Insure.com worked with Quadrant Information Service to get condo insurance data. To determine the average premiums, our team of data analysts and expert editors analyzed 10,996,376 insurance quotes from 145 insurance companies across 34,588 ZIP codes. The insurance rates are based on a sample profile of a condo owner with good credit. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Case study: Factors that affect the cost of condo insurance Example 1: Family in Austin, Texas In this scenario, a family of four is living in the suburbs of Austin. The condo’s value is $250,000. If they opt for basic coverage, they can expect to pay $350 per year for coverage. As the family grows, they’ll likely accumulate more personal assets. If the value of their assets grows beyond the basic coverage levels, they might opt to pay more for coverage to protect their wallets in an emergency. Example 2: Individual in San Francisco, California The San Francisco area is generally considered at high risk for natural disasters. If an individual living in a $350,000 condo opts for premium coverage, including earthquake coverage, they can expect to pay $1,200 per year for condo coverage. Because earthquake coverage is an endorsement, the condo owner could skip it to keep low their premiums, that decision could lead to extensive out-of-pocket costs after an earthquake that causes a lot of damage. Tips for finding affordable condo insurance rates Locking in an affordable condo insurance policy is a top priority for many households. Use the tips below to help you get the best rates: Shop around. Getting quotes from multiple insurance companies will help you find the best rate for your situation. Increase your deductible. Insurers often reward homeowners who opt for a higher deductible with a lower insurance premium. If you have the funds on hand to cover a higher deductible, this could lead to savings. Bundle your policies. If you purchase multiple types of insurance through the same insurance company, you can often snag a discount. Ask for a discount. In addition to bundling discounts, you might qualify for another discount opportunity. It never hurts to ask for savings. Methodology Condo insurance rate data was provided in 2023 to Insurance.com by Quadrant Data Services based on two possible levels of coverage for personal property: $60,000 and $100,000. All estimates use a $1,000 deductible and include $300,000 in liability coverage. Rates by state and for insurance companies are averages. National averages are based on all available ZIP codes and coverage levels. Sources: Climate.gov. “2022 U.S. billion-dollar weather and climate disasters in historical context.” Accessed August 2024. The Insurance Information Institute. “Trends and Insights: Florida homeowners’ insurance crisis.” Accessed August 2024. Sarah SharkeyContributing Researcher | . .Sarah Sharkey is a personal finance writer with a master’s degree in management from the Hough School of Business at the University of Florida. She enjoys helping readers find money solutions that work. She has written for numerous personal-finance publications including Money Under 30 and The College Investor. In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2024 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2024 Homeowners insurance basics Home Insurance Advisor Cheapest homeowners insurance in 2024 How much flood insurance do I need? 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By Ashlee Tilford On this page Average cost of condo insurance in 2024Which states are the most expensive and least expensive for condo insurance?Average cost of condo insurance: State-specific breakdownAverage cost of condo insurance by coverage levelAverage cost of condo insurance from top insurersFactors influencing average condo insurance pricesHow to calculate the average cost of condo insuranceTips for finding affordable condo insurance ratesMethodology ZIP Code Please enter valid ZIP See rates