Condo insurance is cheap enough that most people never check whether they are overpaying. Fair enough. But the gap between states is wider than the price tag suggests, and the published averages do not agree with each other.
So we put the regulator data and the current rate studies side by side.
Key takeaways
- What condo owners actually paid in 2022 averaged $499 a year across the states, from premiums reported to regulators.
- What you would be quoted today runs about $602 — roughly 1.21x the 2022 figure. Condo rates have moved far less than homeowners rates, which are up about 1.74x over the same stretch.
- Florida is the most expensive at $1,222 a year; Vermont is the cheapest at $262.
- Utah has climbed the most, from $314 to about $725 — a 2.31x jump.
- Fair warning: we found only 2 current studies with full state-by-state condo data, against three for homeowners. These numbers are held to the same standard but rest on less.
Condo insurance rates by state
| State | Actually paid (2022) | Typical quote today | Range across sources | Today vs 2022 |
|---|---|---|---|---|
| Alabama | $682 | $761 | 1.45x | 1.12x |
| Alaska | $459 | $493 | 1.09x | 1.07x |
| Arizona | $497 | $1,018 | 1.18x | 2.05x |
| Arkansas | $640 | $750 | 1.48x | 1.17x |
| California | $653 | $889 | 1.22x | 1.36x |
| Colorado | $552 | $886 | 1.59x | 1.61x |
| Connecticut | $420 | $602 | 1.19x | 1.43x |
| Delaware | $507 | $423 | 1.01x | 0.83x |
| District of Columbia | $405 | $474 | 1.25x | 1.17x |
| Florida | $1,084 | $1,222 | 1.36x | 1.13x |
| Georgia | $643 | $842 | 1.09x | 1.31x |
| Hawaii | $409 | $588 | 1.03x | 1.44x |
| Idaho | $506 | $502 | 1.18x | 0.99x |
| Illinois | $443 | $762 | 1.40x | 1.72x |
| Indiana | $403 | $560 | 1.73x | 1.39x |
| Iowa | $354 | $396 | 1.47x | 1.12x |
| Kansas | $403 | $482 | 1.22x | 1.20x |
| Kentucky | $433 | $526 | 1.17x | 1.21x |
| Louisiana | $873 | $989 | 1.21x | 1.13x |
| Maine | $412 | $340 | 1.35x | 0.83x |
| Maryland | $358 | $658 | 1.27x | 1.84x |
| Massachusetts | $456 | $603 | 1.46x | 1.32x |
| Michigan | $387 | $636 | 1.93x | 1.64x |
| Minnesota | $401 | $536 | 1.23x | 1.34x |
| Mississippi | $699 | $722 | 1.33x | 1.03x |
| Missouri | $475 | $586 | 1.13x | 1.23x |
| Montana | $566 | $537 | 1.05x | 0.95x |
| Nebraska | $403 | $527 | 1.22x | 1.31x |
| Nevada | $488 | $712 | 1.26x | 1.46x |
| New Hampshire | $391 | $460 | 1.70x | 1.18x |
| New Jersey | $455 | $521 | 1.04x | 1.15x |
| New Mexico | $478 | $398 | 1.03x | 0.83x |
| New York | $611 | $554 | 1.70x | 0.91x |
| North Carolina | $582 | $682 | 1.78x | 1.17x |
| North Dakota | $310 | $365 | 1.28x | 1.18x |
| Ohio | $349 | $498 | 1.66x | 1.43x |
| Oklahoma | $682 | $701 | 1.21x | 1.03x |
| Oregon | $419 | $558 | 1.35x | 1.33x |
| Pennsylvania | $425 | $570 | 2.00x | 1.34x |
| Rhode Island | $550 | $557 | 1.18x | 1.01x |
| South Carolina | $570 | $588 | 1.26x | 1.03x |
| South Dakota | $387 | $436 | 1.00x | 1.13x |
| Tennessee | $539 | $620 | 1.19x | 1.15x |
| Texas | $907 | $936 | 1.26x | 1.03x |
| Utah | $314 | $725 | 1.16x | 2.31x |
| Vermont | $385 | $262 | 1.28x | 0.68x |
| Virginia | $420 | $552 | 1.46x | 1.31x |
| Washington | $434 | $608 | 1.23x | 1.40x |
| West Virginia | $370 | $336 | 1.40x | 0.91x |
| Wisconsin | $325 | $458 | 1.78x | 1.41x |
| Wyoming | $545 | $297 | 1.06x | 0.54x |
Reading the range column
South Dakota is the clean case. The two studies land at $436 and $435 — effectively identical, so the number is the number.
Pennsylvania is the messy one: $380 against $761, a 2.0x gap. The studies model different personal-property limits, and on a condo policy that limit is most of your premium.
Which is the useful lesson for HO-6 specifically. Your building coverage is set by your association’s master policy, so personal property and loss assessment are the levers you actually control.
What each study assumed
Each study used different coverage levels: Insurance.com modeled $60k personal property, $300k liability, and a $1,000 deductible, while NerdWallet added a $70k dwelling component with $50k personal property.
- Insurance.com — $60k personal property / $300k liability / $1,000 deductible, rates as of 2026-06, data from Quadrant Information Services.
- NerdWallet — $70k dwelling / $50k personal property / $300k liability / $1,000 deductible, rates as of 2026-07, data from Quadrant Information Services.
Every state at both sources:
| State | Insurance.com $60k personal property / $300k liability / $1,000 deductible |
NerdWallet $70k dwelling / $50k personal property / $300k liability / $1,000 deductible |
|---|---|---|
| Alabama | $902 | $620 |
| Alaska | $471 | $515 |
| Arizona | $1,102 | $935 |
| Arkansas | $894 | $605 |
| California | $978 | $800 |
| Colorado | $1,087 | $685 |
| Connecticut | $655 | $550 |
| Delaware | $426 | $420 |
| District of Columbia | $527 | $420 |
| Florida | $1,409 | $1,035 |
| Georgia | $880 | $805 |
| Hawaii | $595 | $580 |
| Idaho | $544 | $460 |
| Illinois | $888 | $635 |
| Indiana | $709 | $410 |
| Iowa | $471 | $320 |
| Kansas | $529 | $435 |
| Kentucky | $566 | $485 |
| Louisiana | $1,083 | $895 |
| Maine | $391 | $290 |
| Maryland | $735 | $580 |
| Massachusetts | $716 | $490 |
| Michigan | $838 | $435 |
| Minnesota | $591 | $480 |
| Mississippi | $824 | $620 |
| Missouri | $622 | $550 |
| Montana | $549 | $525 |
| Nebraska | $579 | $475 |
| Nevada | $793 | $630 |
| New Hampshire | $579 | $340 |
| New Jersey | $532 | $510 |
| New Mexico | $392 | $405 |
| New York | $697 | $410 |
| North Carolina | $874 | $490 |
| North Dakota | $410 | $320 |
| Ohio | $621 | $375 |
| Oklahoma | $767 | $635 |
| Oregon | $640 | $475 |
| Pennsylvania | $761 | $380 |
| Rhode Island | $604 | $510 |
| South Carolina | $655 | $520 |
| South Dakota | $436 | $435 |
| Tennessee | $674 | $565 |
| Texas | $1,043 | $830 |
| Utah | $780 | $670 |
| Vermont | $294 | $230 |
| Virginia | $655 | $450 |
| Washington | $672 | $545 |
| West Virginia | $392 | $280 |
| Wisconsin | $586 | $330 |
| Wyoming | $289 | $305 |
What condo insurance actually covers
Your association’s master policy covers the building. Yours covers what is inside your walls, your liability, and — depending on the master policy — the fixtures and finishes.
That split is why an HO-4 versus HO-6 policy is worth understanding before you shop. Renters need HO-4, owners need HO-6, and buying the wrong one leaves the walls-in coverage off entirely.
Worth checking before you buy:
- Loss assessment coverage. If the association takes a claim above its master policy, owners get billed the balance. This is the one people find out about too late.
- Whether the master policy is “bare walls” or “all in.” Bare walls means your cabinets, flooring, and fixtures are yours to insure.
- Personal property limits. The studies above model $50,000 to $60,000. If you own more than that, the state averages do not apply to you.
Compare condo insurance quotes or read our condo insurance reviews to see how carriers handle the walls-in details, which is where they differ most.
Methodology
The 2022 baseline is the NAIC’s HO-6 average premium by state, read from its published tables.
The typical quote today is the midpoint of the 2 current studies listed above.
One further source was excluded. Its state figures matched a study already counted, down to the dollar, because both draw on the same rate feed. Including it would have implied a third independent opinion that does not exist.
Note: These are averages from published studies and regulator filings, not quotes. Your own rate depends on your unit, your association’s master policy, and the limits you choose.