- Best condo insurance companies in Florida
- How we chose the best condo insurance providers in Florida
- Average cost of condo insurance in Florida
- Condo insurance rates by company in Florida
- Condo insurance rates in Florida by coverage level
- Compare condo insurance rates by city in Florida
- Methodology
- Frequently asked questions: Florida condo insurance
- Compare Florida condo insurance rates with other states
Best condo insurance companies in Florida
Travelers is the best condo insurance company in Florida, followed by Nationwide and Security First. Travelers is also the place to get cheap condo insurance in Florida. Its average annual rate of $363 helped it land the top spot.
Our ranking for the best HO-6 insurance in Florida considered average annual rates as well as ratings from AM Best for financial stability and complaints data from the National Association of Insurance Commissioners (NAIC). Take a look at how major insurance companies in Florida stack up below.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Travelers | $363 | A++ | 0.54 | |
| Nationwide | $625 | A+ | 0.87 | |
| Security First Insurance | $500 | A | 0.88 | |
| Allstate | $889 | A+ | 0.90 | |
| State Farm | $1,009 | A++ | 0.95 | |
| Universal Insurance Holding | $1,002 | A | 2.01 | |
| HCI Group Inc | $1,469 | A | 0.65 | |
| Citizens Property Insurance | $2,372 | A | 0.25 | |
| Progressive | $825 | A+ | 8.45 | |
| FedNat Holding | $1,698 | A | 4.92 |
How we chose the best condo insurance providers in Florida
To rank the best condo insurance companies in Florida, we started with average rates. Rates were provided by Quadrant Information Services and based on a policy with $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible.
We then considered each company's AM Best financial strength rating to ensure financial stability, and the NAIC's complaint index, which measures the number of complaints a company receives against the expected complaint volume for a company of that size.
Average cost of condo insurance in Florida
The average cost of condo insurance in Florida is $962 a year or $80 a month with a $1,000 deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount, among other factors.
To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.
| Average annual premium | Average monthly premium |
|---|---|
| $962 | $80 |
Condo insurance calculator
Average condo insurance rates in FloridaMost & least expensive ZIP codes for condo insurance in Florida
Most expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 33013 | Hialeah | $2,059 |
| 33014 | Hialeah | $2,027 |
| 33010 | Hialeah | $2,027 |
| 33054 | Miami Gardens | $1,951 |
Least expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 32095 | St. Augustine | $612 |
| 32145 | Flagler Estates | $622 |
| 32086 | St. Augustine | $622 |
| 32033 | Elkton | $622 |
Condo insurance rates by company in Florida
Rates for condo insurance by company in Florida vary. It’s important to shop around and compare quotes to find the best price.
In the table below, you’ll see condo insurance rates for major companies in Florida. The cheapest company for condo insurance in Florida is Travelers. Security First Insurance and Nationwide are the second and third cheapest options.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Travelers | $363 | $30 |
| Security First Insurance | $500 | $42 |
| Nationwide | $625 | $52 |
| Heritage Insurance Holdings | $632 | $53 |
| Amer Integrity Ins Co of FL | $761 | $63 |
| Progressive | $825 | $69 |
| Allstate | $889 | $74 |
| Universal Insurance Holding | $1,002 | $84 |
| State Farm | $1,009 | $84 |
| HCI Group Inc | $1,469 | $122 |
| FedNat Holding | $1,698 | $142 |
| Citizens Property Insurance | $2,372 | $198 |
Condo insurance rates in Florida by coverage level
Based on a rate study by Insurance.com, Travelers provides the lowest condo insurance rates in Florida based on our standard coverage sample of $60,000 for personal property coverage, $300,000 for liability coverage and a $1,000 deductible.
Security First Insurance is the next cheapest option, offering low-cost condo insurance in Florida at $500 per year. However, rates vary by coverage level.
The table below shows condo insurance rates from several top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Travelers | $275 | $295 | $343 | $363 | $396 | $416 | $407 | $427 |
| Security First Insurance | $324 | $351 | $473 | $500 | $621 | $648 | $770 | $797 |
| Nationwide | $573 | $579 | $619 | $625 | $662 | $668 | $718 | $724 |
| Heritage Insurance Holdings | $442 | $457 | $611 | $632 | $780 | $807 | $953 | $987 |
| Amer Integrity Ins Co of FL | $615 | $632 | $744 | $761 | $873 | $890 | $1,001 | $1,018 |
| Progressive | $668 | $685 | $808 | $825 | $948 | $965 | $1,088 | $1,105 |
| Allstate | $748 | $769 | $868 | $889 | $969 | $990 | $1,058 | $1,079 |
| Universal Insurance Holding | $799 | $817 | $984 | $1,002 | $1,170 | $1,188 | $1,356 | $1,374 |
| State Farm | $817 | $837 | $989 | $1,009 | $1,128 | $1,148 | $1,260 | $1,280 |
| HCI Group Inc | $1,192 | $1,210 | $1,451 | $1,469 | $1,710 | $1,728 | $1,974 | $1,992 |
| FedNat Holding | $1,371 | $1,389 | $1,680 | $1,698 | $1,989 | $2,007 | $2,305 | $2,323 |
| Citizens Property Insurance | $1,938 | $1,938 | $2,372 | $2,372 | $2,806 | $2,806 | $3,250 | $3,250 |
PEOPLE ASK
What company offers the cheapest condo insurance in Florida
Travelers has the cheapest condo insurance in Florida on average at $363 a year for a policy with $60,000 in personal property coverage and $300,000 in liability coverage and a $1,000 deductible.
Compare condo insurance rates by city in Florida
Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Florida.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.
Frequently asked questions: Florida condo insurance
What companies write condo insurance in Florida?
Companies offering condo insurance in Florida include Travelers, Nationwide, State Farm and Allstate, along with many regional companies like Security First.
What insurance do I need for a condo in Florida?
In addition to an HO-6 condo policy, you should consider flood insurance if you live near the coast or another source of flood waters. Standard Florida condo policies do not cover flooding. In some areas, you may also need separate hurricane or windstorm coverage.
Is an HO-6 mandatory in Florida?
No. There are no laws requiring you to carry condominium insurance in Florida. However, you might need to comply with your lender or Florida condo association insurance requirements.
Compare Florida condo insurance rates with other states
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