Best condo insurance companies for 2025

Condo insurance protects one of your most valuable assets — your home. Whether you’re guarding against damage to your unit, personal belongings, or liability claims, having the right policy provides peace of mind and financial security.

Based on our analysis of major national insurers, State Farm stands out as the best overall company for condo insurance, earning a top score of 4.7 out of 5. State Farm combines comprehensive coverage options with competitive rates and strong customer service, making it a reliable choice for condo owners.

Choosing a reputable insurer is just as important as the coverage itself. A high-quality policy from a trusted company like State Farm ensures that your condo is well-protected, no matter what life throws your way. Learn more about the top condo insurance companies of 2025.

Our take: Best condo insurance companies of 2025 

State Farm is the best overall condo insurance company, earning the highest score in our analysis with a 4.7 out of 5. It combines strong customer satisfaction — 829 on the J.D. Power Property Claims Satisfaction Study — a solid 4.37 rating from Insurance.com’s survey, and the lowest average annual premium among top contenders at just $441.

Erie Insurance (4.55) and Auto-Owners (4.54) round out the top three with excellent ratings, offering strong claims service and customer satisfaction. Erie scored particularly high with an 856 J.D. Power score and a 4.66 customer rating, the highest among all surveyed insurers. However, availability may be limited depending on your state.

Among the top-rated providers, State Farm stands out as the only one with true nationwide availability, making it the best national option for condo owners seeking a blend of affordability, reliability, and broad access.

To determine the best insurers, we looked at a variety of important metrics, such as:

• Average annual premium 
• J.D. Power rating 
• The company’s score in our 2025 Best Insurance Companies survey of customers.

Top-rated condo insurance companies for 2025

Below is a list of the top-rated condo insurance companies in the U.S., based on a combination of customer satisfaction, claims service, pricing, and overall performance. These rankings can help you compare your options and find the best coverage for your needs:

* USAA offers its services only to military members, veterans and their families.

Best companies in specific categories

Some insurers stand out in certain areas — whether it’s price, customer service, or claims satisfaction. To help you find the right fit for your needs, we’ve highlighted the best condo insurance companies in each key category:

• Best overall and cheapest: State Farm
• Best customer satisfaction: USAA
• Best for claims: Amica
• Best for condo and auto bundling: American Family

How we picked the best condo insurance companies

To find the best condo insurance companies, we used a combination of expert ratings and real customer feedback. This included J.D. Power scores for customer satisfaction and results from our own 2025 Best Insurance Companies survey.

We also gathered quotes using a sample policy with $60,000 in personal property coverage, $300,000 in liability, and a $1,000 deductible to fairly compare prices across insurers.

Who has the cheapest condo insurance?

State Farm offers the most affordable condo insurance among the companies we analyzed, with an average rate of $37 per month or $441 per year.

Below is a list of top condo insurance providers, ranked from the lowest to highest average monthly cost:

* USAA offers policies only to current military members, veterans and their families.

How much does condo insurance cost in your state?

Where you live can significantly affect how much you pay for condo insurance. Here is a breakdown of how much you can expect to pay in your state: 

What to look for in a condo insurance policy

When shopping for condo insurance, it’s not just about finding the lowest price — it’s about getting the right protection for your home and belongings. Every condo policy includes standard coverages, but the details matter. Here’s what you can expect:

• Liability coverage helps pay for injuries to others or damage to someone else’s property if you’re legally responsible.
• Personal property coverage reimburses you if your belongings — such as furniture, electronics or clothing — are stolen or damaged.
• Building property coverage protects the parts of your unit that aren’t covered by your condo association’s master policy, like interior walls, flooring, or cabinetry.
• Additional living expenses (ALE) help cover temporary housing and other costs if your condo becomes unlivable due to a covered event.

When comparing insurers, look beyond the basics. Ask about optional add-ons and whether the company offers extra value for the price. The best providers give you flexibility, strong support, and peace of mind — not just a low premium.

Don’t forget to ask about available discounts. You could save by bundling with other policies, like auto insurance, or even by buying coverage from the same company that insures your condo association’s master policy.

Some condo owners may also want to consider loss assessment coverage. This protects you if your condo association charges unit owners for shared property damage not fully covered by the master policy, like roof repairs after a storm or fire damage in common areas.

“It is a relatively cheap endorsement on the policy, and a personal insurance advisor likely will recommend buying as much loss assessment coverage as the carrier will offer,” says David Wojtusik, Vice President at Insurance Office of America. “This will help offset covered assessments the association could levy on the unit owners, many of which are unexpected.”

In short, the right condo insurance policy should be comprehensive and cost-effective. Understanding what’s covered — and what’s not — can make a big difference when you need it most.

Tips for saving on condo insurance

There are many different ways to lower the cost of your condo insurance policy, such as:

• Compare multiple quotes: Prices can vary widely between insurers, so getting quotes from several companies is one of the easiest ways to find the best deal.
• Ask about discounts: Most insurers offer a range of discounts, such as for having safety features in your condo or being claims-free. Be sure to ask what’s available and see if you qualify.
• Bundle your policies: You can often save money by bundling your condo insurance with other policies, like auto insurance, through the same provider.
• Consider a higher deductible: Choosing a higher deductible can reduce your monthly premium. Just make sure it’s an amount you’re comfortable paying out of pocket if you need to file a claim.

How to find the right condo insurance for your needs

State Farm is our top pick for condo insurance in 2025, thanks to its strong combination of affordability, customer satisfaction, and nationwide availability. However, the right insurance company can vary depending on your needs, budget, and location. Some condo owners may prioritize low premiums, while others value personalized service or specific coverage options. That’s why comparing insurers and choosing one that aligns with your unique situation is essential.

Before purchasing condo insurance, take the time to understand what your condo association already covers. 

“Before considering condo insurance options, it’s important to carefully read your condo association’s master policy and bylaws so you understand both the association and owners’ responsibilities,” says Michelle Tennant, vice president of product management, home insurance, at Erie Insurance. 

Master policies may only cover the building’s exterior and shared areas, leaving you responsible for the interior of your unit and personal belongings.

If you’re unsure how much coverage you need, talk to a local insurance agent. 

“The best way to ensure your condo coverage fits your needs and budget is to speak with an agent,” Tennant says. 

An agent can help you determine appropriate coverage levels and recommend add-ons like loss assessment protection.

Methodology

Insure.com commissioned condo insurance rates from Quadrant Data Services in all 50 states and Washington, D.C., for a policy with $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. 

To rank companies, we used J.D. Power’s customer satisfaction ratings and average annual rates. We also used the results of our 2025 Best Insurance Companies survey, which asked home insurance customers about their experience with customer service, policy offerings, claims handling and ease of service. 

The responses to these questions, based on how many customers said they were satisfied, were used to create the overall survey score. See the Best Home Insurance Companies page for the full methodology used in that ranking.

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