Condo owners can get rates as low as $30/month

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Enter your ZIP code and answer a few quick questions to get matched with top providers in your area. You could be eligible for rates as low as $30/month.

Condo insurance protects your unit and personal belongings, and it's typically required by condo associations and mortgage lenders. In our March 2026 analysis, POND found that condo owners could overpay for insurance by an average of $624 per year by not comparing rates.

Because condo insurance companies set their prices differently for every owner based on factors like location, unit value, and coverage needs, the best insurer for your neighbor might not be the best for you.

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Condo Insurance

Where can you find the best condo insurance quotes?

POND's team of editors found that State Farm has the best condo insurance rates among large insurers, on average, according to our March 2026 analysis. But it's more complicated than just looking for the cheapest price. Three factors could determine which quotes are best for you.

Cost.

Condo insurance rates are different at every company, which is why we recommend getting more than one quote. State Farm has the best rates for condo owners at $450 per year for a standard HO-6 policy, but those same owners pay an average of $675 a year for comparable coverage from some competitors.

Coverage.

The best condo insurance quotes are for the coverage you actually need. Condo insurance typically covers personal property, interior improvements, liability, and loss of use, all while complementing your HOA master policy.

Quality.

The company with the best quotes for you should combine affordable coverage with a dependable reputation for customer service and efficient claims handling.

POND regularly analyzes thousands of condo insurance rates to show you estimates of what you might pay in different scenarios and for different levels of coverage.

Since rates change so much from person to person, the more detail you provide insurers about your condo's features, your building's amenities, and any upgrades or improvements, the more personalized your quotes will be.

Questions people ask before they compare

My condo association has a master policy. Why do I need my own insurance on top of that? Ollie's take: The HOA master policy covers the building and common areas, not your unit's interior, your belongings, or your personal liability.

The unit above me had a pipe burst and it damaged my ceiling and floors. Whose insurance pays? Ollie's take: It depends on where the pipe is and whether there was negligence. Your policy, the neighbor's policy, or the HOA master policy may apply.