Best condo insurance companies in Texas
In Texas, 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 Texas. Below are the best condo insurance companies in Texas based on that analysis.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Farmers | $804 | A | 0.54 | |
| State Farm | $834 | A++ | 0.95 | |
| Allstate | $928 | A+ | 0.90 | |
| Nationwide | $1,241 | A+ | 0.87 | |
| Progressive | $1,015 | A+ | 8.45 |
Average cost of condo insurance in Texas
The average cost of condo insurance in Texas is $1,007 a year or $84 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 premium | Average monthly premium |
|---|---|
| $1,007 | $84 |
Condo insurance calculator
Average condo insurance rates in TexasMost & least expensive ZIP codes for condo insurance in Texas
Most expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 77554 | Galveston | $2,454 |
| 77550 | Galveston | $2,444 |
| 77551 | Galveston | $2,339 |
| 78597 | South Padre Island | $2,219 |
Least expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 78840 | Cienegas Terrace | $671 |
| 79908 | Biggs Field | $689 |
| 79918 | Biggs Field | $689 |
| 79910 | El Paso | $690 |
Condo insurance rates in Texas by coverage level
Based on a rate study by Insurance.com, Farmers provides the lowest condo insurance rates in Texas based on our standard coverage sample of $60,000 for personal property coverage, $300,000 for liability coverage and a $1,000 deductible.
State Farm is the next cheapest option, offering low-cost condo insurance in Texas at $834 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 |
|---|---|---|---|---|---|---|---|---|
| Farmers | $538 | $555 | $787 | $804 | $1,049 | $1,066 | $1,311 | $1,328 |
| State Farm | $707 | $714 | $827 | $834 | $926 | $933 | $1,009 | $1,016 |
| Allstate | $715 | $739 | $904 | $928 | $1,070 | $1,094 | $1,217 | $1,241 |
| Progressive | $851 | $861 | $1,005 | $1,015 | $1,113 | $1,123 | $1,219 | $1,229 |
| USAA | $974 | $974 | $1,079 | $1,079 | $1,173 | $1,173 | $1,257 | $1,257 |
| Nationwide | $1,108 | $1,139 | $1,210 | $1,241 | $1,323 | $1,354 | $1,437 | $1,468 |
Condo insurance rates by company in Texas
Rates for condo insurance in Texas vary by company. 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 Texas. The cheapest company for condo insurance in Texas is Farmers. State Farm and Allstate are the second and third cheapest options.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Farmers | $804 | $67 |
| State Farm | $834 | $69 |
| Allstate | $928 | $77 |
| Progressive | $1,015 | $85 |
| USAA | $1,079 | $90 |
| Nationwide | $1,241 | $103 |
Compare condo insurance rates by city in Texas
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 Texas.
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.
Compare Texas condo insurance rates with other states
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