Best condo insurance companies in Florida

In Florida, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, scores, and ratings from sources like the National Association of Insurance Commissioners (NAIC) and AM Best for major insurance companies in Florida. Below are the best condo insurance companies in Florida based on Insurance.com’s analysis.

CompanyAnnual premiumAM Best ratingNAICInsurance.com rating
Travelers$363A++0.54
5.0
Nationwide$625A+0.87
4.7
Security First Insurance$500A0.88
4.7
Allstate$889A+0.90
4.6
State Farm$1,009A++0.95
4.5
Universal Insurance Holding$1,002A2.01
4.2
HCI Group Inc$1,469A0.65
4.2
Citizens Property Insurance$2,372A0.25
3.7
Progressive$825A+8.45
3.5
FedNat Holding$1,698A4.92
3.4
Data updated in 2024
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Average cost of condo insurance in Florida

The average cost of condo insurance in Florida is $962 a year or $80 a month with $1,000 as 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 premiumAverage monthly premium
$962$80
Data updated in 2024
Read our full methodology

Condo insurance calculator

Average condo insurance rates in Florida
Please enter valid zip code
$40,000
$40,000 $60,000 $80,000 $100,000
$100,000
$100,000 $300,000
$1,000
$1,000

Most & least expensive ZIP codes for condo insurance in Florida

Most expensive

ZIP codeCityHighest rate
33013Hialeah$2,059
33014Hialeah$2,027
33010Hialeah$2,027
33054Miami Gardens$1,951

Least expensive

ZIP codeCityLowest rate
32095St. Augustine$612
32145Flagler Estates$622
32086St. Augustine$622
32033Elkton$622
Data updated in 2024
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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
Data updated in 2024
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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.

CompanyAverage annual rateAverage 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
Data updated in 2024
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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.

CityAnnual insurance premium
Cape Coral
$1,638
Fort Lauderdale
$2,380
Gainesville
$835
Hialeah
$2,303
Jacksonville
$905
Miami
$2,594
Ocala
$926
Orlando
$1,239
Port St. Lucie
$2,036
Sarasota
$1,768
St. Petersburg
$1,896
Tallahassee
$799
Tampa
$1,549
West Palm Beach
$2,760
Data updated in 2024
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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 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.

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