Condo insurance calculator: Estimate the cost of coverage

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.

Our condo insurance calculator makes it simple to estimate your condo insurance costs. By entering your ZIP code and some basic details about your coverage needs, the calculator generates an estimated rate, so you can start comparing condo insurance quotes.

Key Takeaways

Our condo insurance calculator estimates your condo insurance premiums.
Before you buy condo insurance, you’ll need to know what your HOA’s policy covers and what your policy needs to cover.
Unlike home insurance, the largest coverage on a condo insurance policy is for your personal property.

What is condo insurance and why do you need it?

Condo insurance protects the parts of your unit and personal belongings that your condo association’s master policy doesn’t cover. While a standard homeowners policy insures an entire house, condo insurance is designed to cover the gaps left by your building’s shared coverage.

You need it because the master policy typically only insures the structure, common areas, and shared liability. Without your own policy, you’d be on the hook for damage inside your unit, replacement of your belongings, or liability costs if someone gets hurt in your condo.

How to estimate the cost of condo insurance

Using our condo insurance calculator is simple and straightforward, but you do need to have a few things ready to go before you start. To get accurate estimates from the condo insurance calculator, follow these steps:

Calculate how much personal property coverage you need. Personal property coverage is usually the biggest part of a condo insurance policy. It covers everything you own, from your towels to your television. A home inventory can help you to calculate how much coverage you need.

Determine how much dwelling coverage you need. Known as building property coverage on most condo policies, this coverage covers any part of the structure you need to insure. Your condo association’s master policy covers the structure of the condo, but you may be responsible for some or all of the interior and need to insure any upgrades you make to the interior as well.

“Upgrades such as new marble countertops, state-of-the-art bathroom and lighting fixtures and anything above and beyond the standard features your condo originally came with need to be factored into how much dwelling coverage you need,” says Antonio Cook, broker and owner at Cook Insurance Services, Inc. in New York.

Determine how much liability coverage you need. Condo insurance comes with $100,000 in liability coverage, but experts recommend increasing it to $300,000.

Choose a deductible. If you file a claim, you must pay your deductible first. A higher deductible means lower premiums, so pick a deductible you can handle.

Plug these amounts into the calculator along with your ZIP code. From there, you’ll get an idea of how much you should expect to pay for condo insurance.

The calculator will provide you with the estimated cost of condo insurance in your area for a policy that meets your needs.

Condo insurance calculator

See how the average annual condo insurance rates vary with the options chosen.

ZIP code Please enter a valid ZIP code

Personal property coverage

Liability coverage

Deductible

Average annual condo insurance rates

33315 - Fort Lauderdale

$1,295 Average rate

Average rate

$1,295/Yr

Lowest rate

$401/Yr

Highest rate

$2,663/Yr

Rate by ZIP code in Florida

Most expensive ZIP Least expensive ZIP

ZIP code	City	Average rate
33013	Hialeah	$2,059
33014	Hialeah	$2,027
33010	Hialeah	$2,027
33054	Miami Gardens	$1,951

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.

Last calculator data updated on: 2025

Average cost of condo insurance

The average annual premium for condo insurance is $624, or $52 a month. Rates will vary depending on where you live because of local risk factors.

If you add additional coverage, the cost will change. The more building property coverage you need, the higher your premium will be. Adding more personal property coverage will also have a big impact on rates while increasing liability will have a much smaller impact.

How much condo insurance costs by coverage level

You can adjust condo insurance coverage in several different ways, which will impact the rate you pay. The first table below shows the average annual premium for $40,000, $60,000, and $100,000 in personal property coverage with varying levels of liability. All of these have a $1,000 deductible.

For $60,000 in personal property coverage and $300,000 in liability with a $1,000 deductible, the average cost is $653 per year. That works out to $54 monthly. If you need more or less coverage, your cost will differ.

The table below compares rates across different personal property coverage amounts and liability limits.

Personal property coverage	Liability coverage	Average annual premium	Average annual monthly premium
$40,000	$100,000	$556	$46
$40,000	$300,000	$571	$48
$60,000	$100,000	$639	$53
$60,000	$300,000	$653	$54
$80,000	$100,000	$714	$59
$80,000	$300,000	$729	$61
$100,00	$100,000	$788	$66
$100,00	$300,000	$804	$67

How much condo insurance cost by state

Below is a list of average annual condo insurance premiums by state. You’ll note that in Texas, Louisiana and Oklahoma, condo insurance rates are high at around $1,000 per year. This is likely due to unpredictable weather patterns.

North and South Dakota and West Virginia have much lower rates at around $375 annually.

State	Average annual premium
Alaska	$930
Alabama	$655
Arkansas	$801
Arizona	$892
California	$767
Colorado	$883
Connecticut	$646
Washington, D.C.	$503
Delaware	$407
Florida	$903
Georgia	$872
Hawaii	$413
Iowa	$435
Idaho	$499
Illinois	$614
Indiana	$590
Kansas	$482
Kentucky	$476
Louisiana	$1,093
Massachusetts	$669
Maryland	$642
Maine	$362
Michigan	$651
Minnesota	$423
Missouri	$485
Mississippi	$765
Montana	$486
North Carolina	$882
North Dakota	$373
Nebraska	$542
New Hampshire	$502
New Jersey	$484
New Mexico	$408
Nevada	$620
New York	$656
Ohio	$573
Oklahoma	$1,071
Oregon	$633
Pennsylvania	$657
Rhode Island	$581
South Carolina	$569
South Dakota	$389
Tennessee	$616
Texas	$1,007
Utah	$668
Virginia	$548
Vermont	$289
Washington	$616
Wisconsin	$527
West Virginia	$373
Wyoming	$272

Your rates will depend on the features of your condo and the state where you live.

How to determine how much condo insurance you need

To figure out how much condo insurance you need, focus on what your personal policy must cover that your condo association’s master policy doesn’t.

Review the condo master policy

The master policy usually covers the building and shared areas. Some policies also cover basic interior features, but coverage varies, so it’s important to review the details and understand where your responsibility begins.

Add coverage for upgrades

If you’ve upgraded your unit, include enough dwelling coverage to protect improvements like:

Countertops, flooring, or cabinetry
Bathroom or lighting upgrades
Features beyond the unit’s original finishes

Choose your liability limit

Most policies start at $100,000 in liability coverage, but higher limits may make sense depending on your assets and comfort level. Liability coverage protects you if someone is injured in your condo or if you damage someone else’s property.

Insure your belongings and living costs

Additional living expenses. This coverage helps pay for hotel stays, temporary rentals, food, and other increased costs if your condo is unlivable after a covered loss. Choose a limit that reflects how long repairs might take and what temporary housing would cost in your area.

Personal property. Take a basic inventory of your belongings — furniture, clothing, electronics, and valuables — and insure them for what it would realistically cost to replace everything, not what you paid for it.

Keep this in mind

If replacing all your belongings would cost more than your deductible by a wide margin, insure for the full replacement amount. And for living expenses, choose a limit that would cover at least three to six months of rent and essentials in your area — repairs often take longer than expected.

How can you lower your condo insurance premium?

You don’t have to sacrifice protection to lower your condo insurance bill. A few smart moves can help you keep costs down while still covering what matters:

Bundle policies. Combine your condo and auto insurance with the same company to unlock a multi-policy discount.
Ask about discounts. Many insurers offer savings if you’re claims-free, enroll in autopay, or live in a newer unit.
Improve safety. Installing smoke alarms, sprinklers, or deadbolts not only makes your home safer but can also reduce your premium.
Raise your deductible. A higher deductible means lower monthly payments—just be sure you can afford the out-of-pocket cost if you need to file a claim.
Shop around. Get quotes from multiple insurers each year to make sure you’re not overpaying for the coverage you need.

Frequently asked questions

Do I need flood insurance if my condo is in a flood zone?

Standard condo insurance does not cover flood damage. If your condo is in a designated flood zone — or even in an area with moderate flood risk — you’ll need a separate flood insurance policy, either through the National Flood Insurance Program (NFIP) or a private insurer. Even if the condo association carries flood coverage for the building, that policy typically doesn’t protect your belongings or interior finishes.

Is condo insurance valid for short-term rentals like Airbnb?

Many standard condo insurance policies limit or exclude coverage for short-term rentals. If you rent your unit through platforms like Airbnb or Vrbo, you may need a policy endorsement or a specialized landlord or short-term rental policy. You should also confirm that your condo association allows short-term rentals.

What happens to my coverage if the condo master policy changes?

If your condo association updates its master policy — such as moving from “all-in” coverage to “bare walls” — your personal insurance responsibilities can increase. Changes like these may leave you responsible for interior features, fixtures, or higher out-of-pocket costs after a loss, making it important to review your policy whenever the HOA updates its coverage.

Do I still need condo insurance if the HOA has a strong master policy?

Yes. Even comprehensive master policies don’t cover personal belongings, personal liability, or additional living expenses. They also may not cover interior upgrades. A personal condo policy fills those gaps.

Does condo insurance cover special assessments from the HOA?

Some condo insurance policies include loss assessment coverage, which can help pay your share of an HOA special assessment after a covered loss. Coverage limits vary, so check whether this protection is included or available as an add-on.

Do I need extra insurance if I work from home or run a business in my condo?

Standard condo insurance may offer limited coverage for business property, but it’s often not enough. If you run a business from your condo, a business endorsement or separate business policy may be needed to fully protect your equipment and liability.

Methodology

Insure.com commissioned condo (HO-6) insurance rates from Quadrant Data Services at multiple personal property coverage levels and with either $100,000 or $300,000 in liability coverage. Rates were gathered for 2023 across all 50 states and Washington, D.C.