How Much Is Condo Insurance?
The national average cost of condo insurance is just over $450 per year.2 However, how much you pay may be different.
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Key Takeaways
- Condo insurance rates are based on factors such as location, coverage amounts and discounts available.
- For over 40 years, The Hartford has offered the only home insurance program endorsed by AARP, with exclusive benefits and discounts to help you save on condo insurance costs.
- The best way to learn how much you’ll pay for condo insurance is to get a quote. The Hartford is available online and over the phone to make the process as quick and easy as possible.
What’s the Average Condo Insurance Cost by State?
Condo insurance protects you as well as your property, things and visitors from unexpected harm. The cost can vary based on both personal and external factors.
These are average condo insurance prices per state, according to the latest data posted by NerdWallet.3
Average Cost of Condo Insurance by State
| State | Avg. Annual Premium | Avg. Monthly Premium |
|---|---|---|
| Alabama | $555 | $46 |
| Alaska | $475 | $40 |
| Arizona | $775 | $65 |
| Arkansas | $585 | $49 |
| California | $710 | $59 |
| Colorado | $410 | $34 |
| Connecticut | $540 | $45 |
| Delaware | $405 | $34 |
| Florida | $1,130 | $94 |
| Georgia | $805 | $67 |
| Hawaii | $535 | $45 |
| Idaho | $355 | $30 |
| Illinois | $445 | $37 |
| Indiana | $455 | $38 |
| Iowa | $325 | $27 |
| Kansas | $425 | $35 |
| Kentucky | $360 | $30 |
| Louisiana | $845 | $70 |
| Maine | $305 | $25 |
| Maryland | $395 | $33 |
| Massachusetts | $520 | $43 |
| Michigan | $320 | $27 |
| Minnesota | $390 | $33 |
| Mississippi | $635 | $53 |
| Missouri | $445 | $37 |
| Montana | $390 | $33 |
| Nebraska | $395 | $33 |
| Nevada | $665 | $55 |
| New Hampshire | $360 | $30 |
| New Jersey | $445 | $37 |
| New Mexico | $400 | $33 |
| New York | $445 | $37 |
| North Carolina | $660 | $55 |
| North Dakota | $345 | $29 |
| Ohio | $330 | $28 |
| Oklahoma | $545 | $45 |
| Oregon | $450 | $38 |
| Pennsylvania | $330 | $28 |
| Rhode Island | $615 | $51 |
| South Carolina | $375 | $31 |
| South Dakota | $370 | $31 |
| Tennessee | $465 | $39 |
| Texas | $730 | $61 |
| Utah | $480 | $40 |
| Vermont | $255 | $21 |
| Virginia | $370 | $31 |
| Washington | $465 | $39 |
| Washington, D.C. | $420 | $35 |
| West Virginia | $255 | $21 |
| Wisconsin | $345 | $29 |
| Wyoming | $280 | $23 |
What Factors Impact Condo Insurance Costs?
The cost of condo insurance depends on factors personal to you, like:
- Your location: Condo insurance costs vary across states and regions.
- The items you need to insure: Things like large appliances are more costly to replace if they get damaged. Expensive belongings you own, like jewelry or valuable art, can also be covered with your condo insurance policy, but it may impact your premium.
- Discounts you qualify for: Available discounts may vary depending on your insurance company, but they can help lower the cost of your policy.
How Can I Save on Condo Insurance Costs?
AARP® Home Insurance from The Hartford1 provides condo insurance discounts you can take advantage of, including:
- Bundle Discount: When you bundle your condo and auto insurance with The Hartford, you can save up to 12% on your auto policy and up to 20% on your condo coverage.**
- Security Discount: You can get instant savings and credits on your condo insurance by installing a burglar alarm or security system.
- Gated Community Discount: If you live in a gated community, you may be able to get a discount on your insurance in certain states. Entrances protected by security guards, residence cards or key-lock devices all help keep your property safer, which can result in a lower insurance rate.
- Claims-Free Discount: At The Hartford, we like to reward our customers who have a history of being safe and responsible. So, the longer you stay claims-free, the bigger the discount you can get on your premium. (Availability varies by state.)
How Do I Get a Quote for Condo Insurance?
To get condo insurance from The Hartford, you can get a quote online or call a representative at 877-422-2345. You’ll need to provide:
- Basic personal details, like your name, address and date of birth.
- Quick details about any additional people who live with you.
- Information about your current condo insurance policy, like your current coverages or discounts, to help you compare.
Frequently Asked Questions About Condo Insurance Cost
How Much Is Condo Insurance a Month?
The national average cost of condo insurance is $455 annually, or $38 per month, according to NerdWallet’s most recent analysis.4 But it’s important to remember that your cost may be different since you have unique needs.
Are Condos More Expensive To Insure?
In most cases, getting coverage for your condo is more affordable than other types of insurance. However, the cost of your condo insurance will vary depending on things like where you live and what coverage limits you need. To get your personal AARP member price, call The Hartford at 877-422-2345.
Is Condo Insurance Cheaper Than Homeowners Insurance?
Typically, condo insurance is cheaper than a homeowners policy, since it only covers your personal property and not the entire building.
** Average savings amounts based on information reported by customers who switched to The Hartford from other carriers between 9/1/22 and 8/31/23. Your savings may vary. Average auto insurance savings is $577 and average home insurance savings is $236. Rate differences for AARP members and non-members vary by state and AARP membership tenure. Auto/Home discount is available only to policyholders who have both their auto and home (or condo or renters) insurance through the AARP Auto & Home Insurance program from The Hartford. The Hartford does not write new business in all areas, including the states of CA and FL.
§ Availability of RecoverCare benefit and benefit levels vary by state. The Hartford RecoverCare Advantage® is a registered mark of The Hartford.
§§ Terms and conditions apply.
‡ Terms and conditions apply. Accident Forgiveness and the Disappearing Deductible are not available to CA policyholders.
‡‡ Terms and conditions apply. Availability varies by state.
‡‡‡ Based on one car and driver; individual rate/premium/savings will vary based on actual coverage selections and characteristics of vehicle(s)/driver(s).
Additional disclosures below.