Average cost of condo insurance in Fredericksburg
The average cost of condo insurance (HO-6) in Fredericksburg is $424 per year, which is $35 per month, for a coverage level of $40,000 for personal property and liability protection of $100,000 with a $1,000 deductible.
However, insurance rates vary depending on your location in the city, the company and the coverage limits. The highest average rate for condo insurance in Fredericksburg is $932, $772 more than the lowest average rate of $160.
| Average annual cost | Average per month cost | Highest average rate | Lowest average rate |
|---|---|---|---|
| $424 | $35 | $932 | $160 |
Cheapest condo insurance in Fredericksburg
The cheapest condo insurance company in Fredericksburg is American Family at an average annual rate of $175. The second-cheapest option is Universal Insurance Holding with an average yearly rate of $216.
Of course, these rates are averages, so it's important to shop around and compare rates for your needs.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| American Family | $175 | $15 |
| Universal Insurance Holding | $216 | $18 |
| IAT Insurance Group | $256 | $21 |
| Erie Insurance | $317 | $26 |
| State Farm | $320 | $27 |
| Progressive | $461 | $38 |
| Allstate | $467 | $39 |
| Nationwide | $510 | $43 |
| Farmers | $596 | $50 |
| Travelers | $919 | $77 |
Condo insurance cost in Fredericksburg compared with the state average
Condo insurance costs an average of $424 per year in Fredericksburg. That's $21 less expensive than the state average of $445.
| City average cost | State average cost |
|---|---|
| $424 | $445 |
Condo insurance cost in Fredericksburg by coverage level
Many factors affect the cost of your HO-6 insurance. One is the area you live in, and another important factor is how much personal property coverage you choose. Generally, the higher your coverage limit, the more expensive your condo insurance will be.
For instance, the average annual rate for personal property coverage of $40,000 is $424 or $35 per month.
Condo insurance rates in Fredericksburg with $100,000 liability
The following table shows the cost of condo insurance for four coverage levels with a liability limit of $100,000 and $1,000 deductible.
| Coverage | Average annual rate | Average per month rate |
|---|---|---|
| $40,000 | $424 | $35 |
| $60,000 | $496 | $41 |
| $80,000 | $560 | $47 |
| $100,000 | $627 | $52 |
Condo insurance cost in Fredericksburg with $300,000 liability
The following table shows the cost of condo insurance for four coverage levels with a liability limit of $300,000 and $1,000 deductible.
| Coverage | Average annual rate | Average per month rate |
|---|---|---|
| $40,000 | $442 | $37 |
| $60,000 | $516 | $43 |
| $80,000 | $583 | $49 |
| $100,000 | $652 | $54 |
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services from 2023 for around 29,000 cities in all states and Washington D.C for multiple coverage levels. The content has been updated for 2024.
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