Home Condo Insurance Condo insurance calculator: Estimate the cost of coverage Condo insurance calculator: Estimate the cost of coverage Condo insurance costs an average of $746 per year, but how much you actually pay depends on where you live, how much coverage you need, and which insurer you choose. View Carriers Please enter valid zip Compare top carriers in your area Written by Alisha AmbreAlisha AmbreAlisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.VIEW FULL PROFILE | Reviewed by Nupur GambhirNupur GambhirEditor-in-ChiefNupur Gambhir is the editor-in-chief of Insure.com and a licensed life, health and disability insurance agent in New York with seven years of experience covering insurance. Her expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Balance, The Financial Gym and MSN. She holds a BA in Economics from The Ohio State University.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 onJuly 6, 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. What you pay for condo insurance comes down to a handful of factors — and the biggest one is where you live. Florida owners pay the most, averaging $1,409 a year, while Wyoming owners pay the least at just $289. Rates can swing widely even within the same state, depending on how much coverage you buy and which insurer you choose. Use the calculators below to compare rates by ZIP code and find the insurer that best fits your situation. How to pay less for condo insurance Compare at least three quotes. The same coverage can vary by hundreds of dollars a year between insurers — shopping around is the single biggest lever. Read your HOA master policy first. Don’t pay to insure the roof, exterior, or fixtures the building already covers. Bundle with your car. Adding condo coverage to your auto insurer usually earns a discount on both policies. Raise your deductible. Going from $500 to $1,000 lowers your premium — just keep that amount in savings for a claim. Ask about unadvertised discounts. Smoke detectors, deadbolts, security systems, and being claims-free can all qualify. Re-shop every renewal. Loyalty rarely pays; a quick comparison each year keeps your rate honest. How to use our condo insurance rate calculator Enter your ZIP code. Select your personal property and liability coverage levels. Enter your deductible amount. The calculator will show you the most and least expensive ZIP codes in your state, so you can see how your area compares and filter accordingly. 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. $40K $60K $80K $100K 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 33315 - Fort Lauderdale $2,091 Average rate Average rate $2,091/Yr Lowest rate $628/Yr Highest rate $3,963/Yr Rate by ZIP code in Florida Most expensive ZIP Least expensive ZIP Most expensive ZIP ZIP code City Average rate 33040 Key West $10,600 33050 Marathon $10,474 33036 Islamorada Village of Islands $10,435 33070 Islamorada Village of Islands $10,430 ZIP code City Average rate 32307 Tallahassee $570 32306 Tallahassee $570 32308 Tallahassee $570 32313 Tallahassee $571 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: Key Takeaways The average condo insurance premium is $746 per year, or $63 a month. Florida is the most expensive state for condo insurance at $1,409 per year, largely due to hurricane risk. Your HOA’s master policy determines how much personal coverage you actually need. Review it before choosing your limits. Bundling, raising your deductible, and asking about discounts are the most reliable ways to lower your premium. How much condo insurance coverage do you need? As a starting point, carry enough personal property coverage to replace everything you own, dwelling coverage equal to about 20% of your condo’s value, and at least $300,000 in liability protection. Condo insurance works alongside your HOA’s (Homeowners Association) master policy. Understanding what each covers helps you avoid paying for gaps out of pocket. TermWhat it meansMaster policyYour HOA’s insurance. Covers shared areas like hallways, the roof, and the building’s exterior.Dwelling coverage (HO-6)Your own policy. Covers the interior of your unit, including walls, floors, and fixtures. HO-6 is the standard policy form for condo owners.Personal propertyCovers your belongings, like furniture, electronics, and clothing.LiabilityCovers you if someone is injured in your unit or you accidentally damage a neighbor’s property.Loss assessmentCovers your share of HOA costs when a shared area claim exceeds the master policy limit. Powered by: How your HOA’s master policy changes what you need Before you settle on coverage amounts, find and read your HOA’s master policy — it’s the single biggest factor in how much personal insurance you actually need. Master policies fall into a few types, and the difference between them can mean thousands of dollars in coverage you’re responsible for. Here are the most common scenarios: Bare walls master policy. Your HOA covers only the building’s structure. You are responsible for everything from the walls inward, including flooring, fixtures, and appliances. You need higher dwelling coverage. All-in master policy. Your HOA covers the structure and built-in fixtures. Your own policy mainly needs to cover personal belongings and liability. You may need less dwelling coverage. Coverage gap after an assessment. Your HOA’s master policy has a $50,000 deductible. After a fire in a shared hallway, that cost is split among unit owners. Without loss assessment coverage, you pay your share out of pocket. How to figure out how much condo insurance you need Review your HOA’s master policy first. Your personal policy needs to cover what it leaves out. Add dwelling coverage for any upgrades you have made, like new flooring, countertops, or fixtures. Choose a liability limit that matches your assets. Most policies start at $100,000, but higher limits are available. Do a basic home inventory to estimate personal property coverage. Insure for replacement cost, not what you originally paid. Factor in additional living expenses coverage in case your unit becomes unlivable after a covered loss. How much does condo insurance cost? Condo insurance costs an average of $746 per year, or $63 a month. Your actual rate depends on where you live, how much coverage you choose, and which insurer you go with. Use our two calculators above to find rates and insurers that fit your situation. How much does condo insurance cost by state? Condo insurance costs differ significantly depending on where you live. Florida has the highest average premium at $1,409 per year, driven by hurricane and storm risk. Wyoming has the lowest at $289 per year. States in the South and Southwest tend to run higher due to weather-related risk, while smaller, lower-risk states in the Northeast and Mountain West tend to be more affordable. The table below shows average annual condo insurance premiums by state. StateAverage annual premiumAlaska$471Alabama$902Arkansas$894Arizona$1,102California$978Colorado$1,087Connecticut$655Washington, D.C.$527Delaware$426Florida$1,409Georgia$880Hawaii$595Iowa$471Idaho$544Illinois$888Indiana$709Kansas$529Kentucky$566Louisiana$1,083Massachusetts$716Maryland$735Maine$391Michigan$838Minnesota$591Missouri$622Mississippi$824Montana$549North Carolina$874North Dakota$410Nebraska$579New Hampshire$579New Jersey$532New Mexico$392Nevada$793New York$697Ohio$621Oklahoma$767Oregon$640Pennsylvania$761Rhode Island$604South Carolina$655South Dakota$436Tennessee$674Texas$1,043Utah$780Virginia$655Vermont$294Washington$672Wisconsin$586West Virginia$392Wyoming$289 Powered by: Why your coverage limits matter more than you think If replacing all your belongings would cost significantly more than your deductible, insure for the full replacement amount. For additional living expenses, aim for a limit that covers at least three to six months of rent and essentials in your area. Repairs almost always take longer than expected. How can you lower your condo insurance premium? The most effective way to lower your condo insurance premium is to shop around and compare quotes from multiple insurers. Beyond that, a few other strategies can reduce what you pay. Bundle your policies. Combining condo insurance with auto or another policy under the same insurer typically gets you a discount on both. Raise your deductible. A higher deductible lowers your premium. Make sure you can comfortably cover it out of pocket before increasing it. Install safety devices. Smoke detectors, deadbolts, and security systems can qualify you for discounts with most insurers. Ask about discounts. Many insurers offer savings that are not automatically applied. Call and ask what you qualify for. Review your HOA’s master policy regularly. If your HOA upgrades its coverage, you may be able to reduce your own dwelling or loss assessment coverage and lower your premium accordingly. 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.” Alisha Ambre . .Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game. 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? 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Most Americans don’t 1/1 Related Articles Home replacement cost calculator By Alisha Ambre How having a roommate impacts your homeowners insurance coverage By Nupur Gambhir How to get homeowners insurance with a bad roof By Alisha Ambre FAIR Plan home insurance: Insurance for high-risk homes By Alisha Ambre Condo and co-op homeowners insurance: What you should know By Alisha Ambre Does homeowners insurance cover code upgrades? By Nupur Gambhir On this page How to use our condo insurance rate calculatorHow much condo insurance coverage do you need?How much does condo insurance cost?How much does condo insurance cost by state?How 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