Home Condo Insurance Condo insurance calculator: Estimate the cost of coverage Condo insurance calculator: Estimate the cost of coverage Our condo insurance calculator estimates the cost of condo insurance based on your coverage needs and the ZIP code you live in. View Carriers Please enter valid zip Compare top carriers in your area Written by Jessica Olson | Reviewed by Leslie KasperowiczLeslie KasperowiczLeslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com.VIEW FULL PROFILE | Expert insight from Antonio CookAntonio Cook“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.”Go to commentSee moreSee less | Updated onJune 8, 2026 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 insurance covers what your association’s master policy doesn’t — typically the interior of your unit and your personal belongings. The master policy usually handles the building’s structure and shared spaces, leaving you responsible for everything inside your walls, from furniture and appliances to your personal property. Our condo insurance calculator makes estimating your costs simple. Enter your ZIP code and a few details about your coverage needs, and it generates an estimated rate — giving you a starting point for 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 most extensive 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 Personal property coverage pays to repair or replace your belongings, such as furniture, electronics, and clothing, if they're damaged or stolen due to a covered event like fire or theft. $400K $600K $800K $1M Liability coverage Liability coverage protects you if someone is injured in your home or if you accidentally cause damage to another person's property, helping cover medical bills, legal fees, and settlements. $100K $300K Deductible The deductible is the amount you're responsible for paying out of pocket before your insurance begins to cover the remaining costs of a claim. $1K Average annual condo insurance rates 44663 - New Philadelphia $550 Average rate Average rate $550/Yr Lowest rate $264/Yr Highest rate $1,063/Yr Rate by ZIP code in Ohio Most expensive ZIP Least expensive ZIP Most expensive ZIP ZIP code City Average rate 44101 Cleveland $676 45423 Dayton $656 44103 Cleveland $655 44104 Cleveland $654 ZIP code City Average rate 44215 Chippewa Lake $502 44608 Beach City $503 43029 Irwin $503 44613 Brewster $506 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: 2025Powered by: 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 How much you pay for condo insurance depends largely on how much coverage you choose. For example, a policy with $60,000 in personal property coverage and $300,000 in liability, with a $1,000 deductible, costs $653 a year on average — about $54 a month. Raise or lower your personal property or liability limits, and that figure shifts with them. The table below compares rates across different personal property and liability levels. Personal property coverageLiability coverageAverage annual premiumAverage 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 Powered by: How much does condo insurance cost by state? Where you live has a big effect on price. Average condo insurance runs as low as about $375 a year in states like North Dakota, South Dakota, and West Virginia, but climbs to $1,000 or more in Texas, Louisiana, and Oklahoma, where frequent severe weather pushes rates higher. The table below shows average annual premiums across all states. StateAverage annual premiumAlaska$930Alabama$655Arkansas$801Arizona$892California$767Colorado$883Connecticut$646Washington, D.C.$503Delaware$407Florida$903Georgia$872Hawaii$413Iowa$435Idaho$499Illinois$614Indiana$590Kansas$482Kentucky$476Louisiana$1,093Massachusetts$669Maryland$642Maine$362Michigan$651Minnesota$423Missouri$485Mississippi$765Montana$486North Carolina$882North Dakota$373Nebraska$542New Hampshire$502New Jersey$484New Mexico$408Nevada$620New York$656Ohio$573Oklahoma$1,071Oregon$633Pennsylvania$657Rhode Island$581South Carolina$569South Dakota$389Tennessee$616Texas$1,007Utah$668Virginia$548Vermont$289Washington$616Wisconsin$527West Virginia$373Wyoming$272 Powered by: 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. Start by reviewing what your condo association’s master policy leaves out — that gap is exactly what your personal policy needs to fill. From there, match your coverage to your assets: if you own high-value items like expensive electronics, jewelry, or appliances, consider adding endorsements to make sure they’re fully protected. 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 can lower your condo insurance premium by comparing quotes, bundling your auto and condo policy, making use of discounts, adding safety features to your home, and, if you’re financially comfortable with it, raising your deductible. 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. What our expert says Antonio CookBroker/Owner Cook Insurance Services, Inc. “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.” 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 2026 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it 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 premiums? 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By Alisha Ambre Condo special assessment insurance: What it is and why you might need it By Zack Sigel The hurricane tax: What climate change means for your homeowners insurance rates By Maryalene LaPonsie On this page What is condo insurance and why do you need it?How to estimate the cost of condo insuranceAverage cost of condo insuranceHow much condo insurance costs by coverage levelHow much does condo insurance cost by state?How to determine how much condo insurance you needHow can you lower your condo insurance premium?Frequently asked questionsMethodologyWhat our expert says ZIP Code Please enter valid ZIP See rates 1-833-708-6021