What is the average cost of condo insurance in Florida?

The average cost of condo insurance in Florida is $1,499 per year for Kin policy with $125,000 in dwelling coverage. However, your Florida condo insurance cost will vary depending on factors like your policy limits, deductible selection, and exact location, as well as what is covered by the condo association’s master policy.

Florida tends to be the most expensive state in the country for condo insurance — formally called HO-6 policies. In fact, the average condo insurance policy in Florida costs more than twice the average rate nationwide, according to data from the National Association of Insurance Commissioners. Storm risk is the biggest driver, but a history of costly insurance-related litigation and rising reinsurance costs also push rates higher.

How much is condo insurance in Florida?

Condo insurance in Florida costs an average of $1,499 per year, or $125 per month, for a Kin policy with $125,000 in dwelling coverage. Dwelling coverage pays to repair or rebuild the interior structure of your unit — things like drywall, flooring, and built-in cabinets — since your condo association's master policy typically handles the building's exterior and shared spaces. The amount of dwelling coverage you choose has a big effect on your cost of coverage (called your premium), as the table below shows.

^{Average premiums for Kin home insurance customers as of August 2026.}

That said, the level of coverage isn’t the only factor impacting your policy cost. Individual HO-6 premiums also largely depend on what your condo owners association (COA) master policy already covers.

Your policy vs. your condo association’s master policy

Both you as the condo owner and the COA must carry insurance, but the two policies are different. The condominium owners association carries a master policy that provides coverage for:

• Building exteriors

• Shared spaces and property that belong to the COA, such as pools, gyms, and lobbies

• Liability for incidents that happen in those shared spaces

Your individual condo insurance covers:

• The interior of your home

• Your possessions

• Personal liability for incidents that occur inside your condo unit

• Loss of use if you have to temporarily vacate your property after a covered event and incur expenses for things like hotel rentals and meals out

Some COAs carry an "all-in" master policy (sometimes called a single-entity policy), which covers the building's structure along with the original, builder-installed fixtures in each unit — think the original cabinets, countertops, and flooring. What counts as "all-in" varies by insurer, though. Some of these policies also cover upgrades you've made since move-in, while others only cover what came with the unit originally, leaving any renovations for you to insure yourself.

Other COAs only have "bare-walls" master policies, which cover the building from the exterior walls inward to the studs or unfinished drywall. You're then responsible for everything else, sometimes including the drywall, cabinetry, fixtures, and appliances. Because you're covering more of the unit yourself, a bare-walls arrangement usually means you’ll pay more for coverage.

Get a copy of your COA's master policy or speak with the board before purchasing condo insurance so you know exactly how much dwelling coverage you need. And if you're still shopping for a condo, it can be helpful to review the master policy before making an offer.

Average cost of condo insurance in Florida by region

Where you live in Florida can have a notable impact on your condo insurance premium. While there’s plenty of nuance, in general, you’ll pay more the closer you live to the coast, due to heightened exposure to hurricanes and tropical storms.

The table below shows relative condo insurance costs in Florida by region:

Condo insurance in high-risk areas in Florida

If you live in a high-risk area in Florida, you may not be able to get a standard condo insurance policy through the private market. In that case, you may be able to turn to the Florida Citizens Property Insurance Corporation, a state-created nonprofit that acts as Florida's insurer of last resort.

Citizens only accepts new policies when private coverage isn't a realistic option — either no private insurer will cover you, or every private insurer that will charges significantly more than Citizens would for the same coverage. Specifically, you may qualify if the cheapest private policy available to you costs 20% or more than what Citizens would charge for comparable coverage.

Factors that impact the cost of condo insurance in Florida

Several factors influence how much you’ll pay for condo insurance in Florida, including:

• Distance to the coast: The primary threat to Florida condo owners is hurricane damage. The closer you are to the coast, the greater the risk of damaging winds and storm surge — and thus rates tend to be higher.

• The master policy: You’ll need more coverage (and will pay more for it) if your COA only has a bare-walls master policy, rather than an all-in policy.

• Additional discounts: When getting quotes for condo coverage, ask about insurance discounts. For instance, many insurers offer discounted rates when you bundle home or condo insurance with auto coverage.

• Claims history: If you have filed claims in the past, you may face higher premiums. 

• Credit history:  According to FICO, data show owners with worse credit typically file more claims. Insurers compensate for this added risk by charging more for coverage if your credit history is suboptimal.

• Loss assessment coverage needs: If your COA doesn't have enough in reserves to cover a repair or unexpected expense to the building’s exterior or a shared space, it can levy a special assessment — a bill split among owners to cover the gap. These have grown larger and more common in Florida since 2022 reserve-funding laws passed after the Surfside collapse, so it may be worth carrying extra loss assessment coverage, which can help cover your share.

How to lower the cost of condo insurance in Florida

Florida condo insurance costs may be the highest in the nation, but you don’t have to overpay. Here are some ways to potentially lower the cost of condo insurance in Florida:

• Raise your deductible: Choosing a higher deductible for your condo insurance is an easy way to lower your premium. This comes at a potential cost, though: In the event of claimable damage, you’ll have to cover a more significant portion out of pocket before coverage kicks in.

• Bundle your condo and auto policies: Bundling multiple policies with the same insurer is one of the easiest ways to qualify for a discount.

• Shop around and compare multiple quotes: Being a smart consumer can really pay off. Get quotes for comparable coverage from multiple insurers to see which one can offer you the best deal.

• Check the master policy: Your COA’s master policy might cover more than you think. Always check what it covers before purchasing insurance; this could keep you from overinsuring your unit if your COA has an all-in policy.

Frequently asked questions

Who has the cheapest condo insurance in Florida?

The cheapest condo insurance in Florida depends on where you live within the Sunshine State and your specific coverage needs. The best way to find the lowest rates for condo insurance in Florida is to get quotes from multiple insurance companies and compare.

Is it cheaper to insure a condo or a house in Florida?

In general, it’s cheaper to insure a condo than a house in Florida because you’re only insuring the interior of the unit. Your COA should cover the unit’s exterior through the master policy.

That said, insuring a large condo on the coast might be more expensive than insuring a small house in Central Florida due to location-based risks like hurricanes, which play a big role in policy pricing.

Do I need loss assessment coverage in Florida?

If you own a condo in Florida, it’s a good idea to purchase loss assessment coverage. Loss assessment coverage can help you pay your portion of a covered special assessment levied by your condo owners association. Without loss assessment coverage, you’d have to pay this out of pocket.

Special assessments are becoming increasingly common in Florida as condo associations must make major repairs following hurricanes and tropical storms and/or major improvements to prevent extensive damage during the next storm.

Is condo insurance required in Florida?

Florida law doesn’t require condo insurance, but if you purchase a condo with a mortgage loan, the lender will likely require it. Your COA may also require you to carry a certain level of insurance. But even if you aren’t required to insure your condo, it can be a good idea, given Florida’s exposure to severe weather.