How much is condo insurance in 2024?

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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 premium
Louisiana	$1,093
Oklahoma	$1,071
Texas	$1,007
Florida	$962
Alaska	$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.

State	Average annual premium
Wyoming	$272
Vermont	$289
North Dakota	$355
Maine	$366
West 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
Alaska	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$860	$72
Alaska	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$871	$73
Alaska	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$919	$77
Alaska	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$930	$77
Alaska	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$972	$81
Alaska	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$984	$82
Alaska	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,021	$85
Alaska	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,033	$86
Alabama	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$545	$45
Alabama	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$554	$46
Alabama	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$646	$54
Alabama	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$655	$55
Alabama	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$742	$62
Alabama	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$751	$63
Alabama	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$834	$70
Alabama	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$844	$70
Arkansas	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$703	$59
Arkansas	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$712	$59
Arkansas	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$792	$66
Arkansas	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$801	$67
Arkansas	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$880	$73
Arkansas	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$889	$74
Arkansas	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$968	$81
Arkansas	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$977	$81
Arizona	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$775	$65
Arizona	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$790	$66
Arizona	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$876	$73
Arizona	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$892	$74
Arizona	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$966	$80
Arizona	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$984	$82
Arizona	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,051	$88
Arizona	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,071	$89
California	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$650	$54
California	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$669	$56
California	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$747	$62
California	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$767	$64
California	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$827	$69
California	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$848	$71
California	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$909	$76
California	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$931	$78
Colorado	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$773	$64
Colorado	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$790	$66
Colorado	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$866	$72
Colorado	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$883	$74
Colorado	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$950	$79
Colorado	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$966	$80
Colorado	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,025	$85
Colorado	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,041	$87
Connecticut	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$534	$45
Connecticut	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$552	$46
Connecticut	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$627	$52
Connecticut	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$646	$54
Connecticut	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$713	$59
Connecticut	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$732	$61
Connecticut	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$799	$67
Connecticut	100000 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
Delaware	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$323	$27
Delaware	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$336	$28
Delaware	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$393	$33
Delaware	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$407	$34
Delaware	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$455	$38
Delaware	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$469	$39
Delaware	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$522	$43
Delaware	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$536	$45
Florida	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$772	$64
Florida	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$789	$66
Florida	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$945	$79
Florida	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$962	$80
Florida	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,111	$93
Florida	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,129	$94
Florida	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,273	$106
Florida	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,291	$108
Georgia	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$747	$62
Georgia	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$756	$63
Georgia	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$863	$72
Georgia	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$872	$73
Georgia	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$971	$81
Georgia	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$981	$82
Georgia	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,077	$90
Georgia	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,087	$91
Hawaii	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$318	$27
Hawaii	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$341	$28
Hawaii	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$390	$33
Hawaii	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$413	$34
Hawaii	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$451	$38
Hawaii	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$474	$39
Hawaii	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$512	$43
Hawaii	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$535	$45
Iowa	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$379	$32
Iowa	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$391	$33
Iowa	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$423	$35
Iowa	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$435	$36
Iowa	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$461	$38
Iowa	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$473	$39
Iowa	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$496	$41
Iowa	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$508	$42
Idaho	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$437	$36
Idaho	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$448	$37
Idaho	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$489	$41
Idaho	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$499	$42
Idaho	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$537	$45
Idaho	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$547	$46
Idaho	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$583	$49
Idaho	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$593	$49
Illinois	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$536	$45
Illinois	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$548	$46
Illinois	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$601	$50
Illinois	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$614	$51
Illinois	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$661	$55
Illinois	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$674	$56
Illinois	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$715	$60
Illinois	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$729	$61
Indiana	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$506	$42
Indiana	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$521	$43
Indiana	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$573	$48
Indiana	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$590	$49
Indiana	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$635	$53
Indiana	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$653	$54
Indiana	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$697	$58
Indiana	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$717	$60
Kansas	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$415	$35
Kansas	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$427	$36
Kansas	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$469	$39
Kansas	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$482	$40
Kansas	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$525	$44
Kansas	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$538	$45
Kansas	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$577	$48
Kansas	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$590	$49
Kentucky	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$389	$32
Kentucky	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$399	$33
Kentucky	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$465	$39
Kentucky	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$476	$40
Kentucky	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$539	$45
Kentucky	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$550	$46
Kentucky	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$606	$50
Kentucky	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$617	$51
Louisiana	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$948	$79
Louisiana	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$963	$80
Louisiana	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,078	$90
Louisiana	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,093	$91
Louisiana	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,203	$100
Louisiana	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,218	$101
Louisiana	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,323	$110
Louisiana	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,337	$111
Massachusetts	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$552	$46
Massachusetts	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$567	$47
Massachusetts	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$653	$54
Massachusetts	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$669	$56
Massachusetts	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$742	$62
Massachusetts	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$759	$63
Massachusetts	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$832	$69
Massachusetts	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$850	$71
Maryland	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$548	$46
Maryland	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$559	$47
Maryland	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$627	$52
Maryland	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$642	$53
Maryland	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$698	$58
Maryland	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$714	$59
Maryland	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$765	$64
Maryland	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$783	$65
Maine	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$289	$24
Maine	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$307	$26
Maine	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$348	$29
Maine	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$366	$31
Maine	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$401	$33
Maine	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$419	$35
Maine	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$454	$38
Maine	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$472	$39
Michigan	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$562	$47
Michigan	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$577	$48
Michigan	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$636	$53
Michigan	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$651	$54
Michigan	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$704	$59
Michigan	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$720	$60
Michigan	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$772	$64
Michigan	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$787	$66
Minnesota	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$351	$29
Minnesota	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$363	$30
Minnesota	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$411	$34
Minnesota	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$423	$35
Minnesota	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$472	$39
Minnesota	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$484	$40
Minnesota	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$533	$44
Minnesota	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$545	$45
Missouri	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$420	$35
Missouri	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$434	$36
Missouri	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$471	$39
Missouri	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$485	$40
Missouri	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$517	$43
Missouri	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$531	$44
Missouri	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$559	$47
Missouri	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$573	$48
Mississippi	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$638	$53
Mississippi	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$651	$54
Mississippi	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$751	$63
Mississippi	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$765	$64
Mississippi	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$870	$73
Mississippi	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$885	$74
Mississippi	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$997	$83
Mississippi	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,013	$84
Montana	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$418	$35
Montana	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$429	$36
Montana	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$475	$40
Montana	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$486	$40
Montana	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$522	$44
Montana	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$534	$44
Montana	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$572	$48
Montana	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$584	$49
North Carolina	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$678	$57
North Carolina	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$686	$57
North Carolina	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$874	$73
North Carolina	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$882	$73
North Carolina	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,054	$88
North Carolina	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,062	$88
North Carolina	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,234	$103
North Carolina	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,242	$103
North Dakota	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$296	$25
North Dakota	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$310	$26
North Dakota	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$340	$28
North Dakota	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$355	$30
North Dakota	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$387	$32
North Dakota	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$401	$33
North Dakota	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$433	$36
North Dakota	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$449	$37
Nebraska	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$463	$39
Nebraska	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$474	$39
Nebraska	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$517	$43
Nebraska	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$529	$44
Nebraska	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$567	$47
Nebraska	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$579	$48
Nebraska	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$618	$52
Nebraska	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$631	$53
New Hampshire	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$438	$37
New Hampshire	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$446	$37
New Hampshire	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$494	$41
New Hampshire	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$502	$42
New Hampshire	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$545	$45
New Hampshire	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$553	$46
New Hampshire	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$592	$49
New Hampshire	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$600	$50
New Jersey	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$401	$33
New Jersey	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$415	$35
New Jersey	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$470	$39
New Jersey	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$484	$40
New Jersey	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$538	$45
New Jersey	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$552	$46
New Jersey	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$603	$50
New Jersey	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$617	$51
New Mexico	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$358	$30
New Mexico	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$367	$31
New Mexico	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$399	$33
New Mexico	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$408	$34
New Mexico	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$431	$36
New Mexico	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$440	$37
New Mexico	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$461	$38
New Mexico	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$470	$39
Nevada	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$519	$43
Nevada	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$546	$46
Nevada	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$593	$49
Nevada	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$620	$52
Nevada	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$664	$55
Nevada	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$692	$58
Nevada	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$735	$61
Nevada	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$763	$64
New York	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$544	$45
New York	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$570	$47
New York	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$630	$53
New York	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$656	$55
New York	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$710	$59
New York	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$737	$61
New York	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$798	$66
New York	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$825	$69
Ohio	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$493	$41
Ohio	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$508	$42
Ohio	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$556	$46
Ohio	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$573	$48
Ohio	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$611	$51
Ohio	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$630	$53
Ohio	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$664	$55
Ohio	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$685	$57
Oklahoma	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$929	$77
Oklahoma	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$940	$78
Oklahoma	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,061	$88
Oklahoma	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,071	$89
Oklahoma	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,184	$99
Oklahoma	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,194	$100
Oklahoma	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,298	$108
Oklahoma	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,309	$109
Oregon	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$552	$46
Oregon	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$566	$47
Oregon	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$618	$52
Oregon	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$633	$53
Oregon	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$680	$57
Oregon	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$695	$58
Oregon	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$736	$61
Oregon	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$752	$63
Pennsylvania	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$571	$48
Pennsylvania	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$587	$49
Pennsylvania	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$639	$53
Pennsylvania	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$657	$55
Pennsylvania	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$702	$58
Pennsylvania	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$722	$60
Pennsylvania	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$764	$64
Pennsylvania	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$786	$66
Rhode Island	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$476	$40
Rhode Island	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$488	$41
Rhode Island	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$554	$46
Rhode Island	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$566	$47
Rhode Island	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$623	$52
Rhode Island	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$634	$53
Rhode Island	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$693	$58
Rhode Island	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$704	$59
South Carolina	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$487	$41
South Carolina	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$498	$42
South Carolina	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$557	$46
South Carolina	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$569	$47
South Carolina	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$625	$52
South Carolina	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$637	$53
South Carolina	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$697	$58
South Carolina	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$711	$59
South Dakota	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$336	$28
South Dakota	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$347	$29
South Dakota	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$377	$31
South Dakota	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$389	$32
South Dakota	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$429	$36
South Dakota	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$441	$37
South Dakota	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$474	$40
South Dakota	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$486	$41
Tennessee	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$521	$43
Tennessee	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$537	$45
Tennessee	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$597	$50
Tennessee	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$616	$51
Tennessee	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$667	$56
Tennessee	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$689	$57
Tennessee	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$739	$62
Tennessee	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$763	$64
Texas	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$855	$71
Texas	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$866	$72
Texas	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$996	$83
Texas	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,007	$84
Texas	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,125	$94
Texas	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,136	$95
Texas	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$1,246	$104
Texas	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$1,257	$105
Utah	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$587	$49
Utah	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$597	$50
Utah	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$658	$55
Utah	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$668	$56
Utah	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$721	$60
Utah	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$731	$61
Utah	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$776	$65
Utah	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$786	$66
Virginia	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$445	$37
Virginia	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$465	$39
Virginia	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$527	$44
Virginia	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$548	$46
Virginia	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$601	$50
Virginia	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$625	$52
Virginia	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$677	$56
Virginia	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$703	$59
Vermont	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$240	$20
Vermont	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$256	$21
Vermont	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$272	$23
Vermont	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$289	$24
Vermont	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$303	$25
Vermont	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$320	$27
Vermont	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$336	$28
Vermont	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$353	$29
Washington	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$539	$45
Washington	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$549	$46
Washington	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$606	$51
Washington	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$616	$51
Washington	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$671	$56
Washington	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$680	$57
Washington	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$737	$61
Washington	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$747	$62
Wisconsin	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$476	$40
Wisconsin	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$484	$40
Wisconsin	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$519	$43
Wisconsin	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$527	$44
Wisconsin	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$556	$46
Wisconsin	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$565	$47
Wisconsin	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$590	$49
Wisconsin	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$599	$50
West Virginia	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$312	$26
West Virginia	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$325	$27
West Virginia	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$358	$30
West Virginia	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$373	$31
West Virginia	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$398	$33
West Virginia	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$415	$35
West Virginia	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$438	$36
West Virginia	100000 with 1000 Deductible and 300000 Liability and None Hurricane	$457	$38
Wyoming	40000 with 1000 Deductible and 100000 Liability and None Hurricane	$249	$21
Wyoming	40000 with 1000 Deductible and 300000 Liability and None Hurricane	$255	$21
Wyoming	60000 with 1000 Deductible and 100000 Liability and None Hurricane	$267	$22
Wyoming	60000 with 1000 Deductible and 300000 Liability and None Hurricane	$272	$23
Wyoming	80000 with 1000 Deductible and 100000 Liability and None Hurricane	$289	$24
Wyoming	80000 with 1000 Deductible and 300000 Liability and None Hurricane	$294	$25
Wyoming	100000 with 1000 Deductible and 100000 Liability and None Hurricane	$309	$26
Wyoming	100000 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.

Company	Average annual premium	Average semi-annual premium	Average monthly premium
State Farm	$441	$220	$37
Auto-Owners	$493	$247	$41
Allstate	$553	$277	$46
Erie	$554	$277	$46
American Family	$578	$289	$48
Amica Mutual	$663	$332	$55
Nationwide	$669	$334	$56
Farmers	$733	N/A	N/A
Travelers	$776	$366	$61
Progressive	$833	$388	$65
USAA	$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

$60,000

$1,000

$100,000

Average condo insurance rates in Florida

33315 - Fort Lauderdale

$1,295 Average rate

$2,663 Highest
rate

$401 Lowest
rate

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

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 Sharkey

Contributing 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.