How much does condo insurance cost? A typical HO-6 policy in the US runs roughly $300–$600 per year, but your actual premium depends on the state, how much interior (walls-in) coverage you need, what type of master policy your HOA carries, your deductible and your claims history. The HOA's master policy covers the building's shell — your HO-6 policy is what protects the inside of your unit, your belongings and your liability.
This free estimator gives you a planning number in seconds. Answer five quick questions and you'll see an estimated monthly and annual premium range for 2026, plus which answers moved the number most. It takes less than a minute — and it makes every real quote you collect afterward much easier to judge.
What moved your estimate most
The range spans ±15% around the central estimate to reflect how much HO-6 quotes differ between insurers for the same unit.
How we estimate
This tool is deliberately simple and transparent. Every estimate follows the same formula:
Estimated annual premium = (interior coverage ÷ 1,000 × $13) × state × master policy × deductible × claims history + $110
The $13 starting point is the approximate base rate per $1,000 of interior (walls-in) coverage per year for an HO-6 policy — a typical national planning figure, not an insurer's filed rate. Each of your answers then adjusts it with a multiplier:
- State (0.65 – 2.05): Florida (~2.05), Louisiana (~2.15) and Oklahoma (~2.20) price highest because of hurricanes, storms and hail; Oregon (~0.65), Vermont (~0.70) and Utah (~0.75) price lowest. Every state sits somewhere on that scale based on catastrophe risk, weather and claims costs.
- HOA master policy type (0.85 – 1.00): bare walls 1.00 (your HO-6 carries the full interior) · single entity 0.92 · all-in 0.85 (the master policy already covers fixtures, so your loss assessment and interior exposure is lower).
- Deductible (0.85 – 1.15): $500 deductible 1.15 · $1,000 1.00 · $2,500 0.85.
- Claims history (1.00 – 1.40): claim-free 1.00 · one claim in 5 years 1.20 · two or more 1.40.
- Interior coverage: scales directly — doubling the insured interior value roughly doubles the interior portion of the premium.
- $110 flat: approximates the standard personal liability ($100,000–$300,000) and loss assessment portions of an HO-6 policy.
The estimate assumes personal property coverage sized to a typical unit (roughly $20,000–$40,000); very large personal-property schedules would add a few dozen dollars per year on top. The final number is shown as a range (±15%) because two insurers can quote the same unit very differently. Treat the middle of the range as your planning number.
Frequently asked questions
How accurate is this condo insurance cost estimator?
It is a planning estimate, not a quote. The tool starts from an approximate base rate of about $13 per $1,000 of interior coverage per year, then applies approximate multipliers for your state, your HOA's master policy type, your deductible and your claims history, plus a flat amount for liability and loss assessment coverage. Real HO-6 quotes vary by ZIP code, building age and construction, coverage limits and insurer, so always compare at least 4–5 real quotes before buying.
What is the difference between an HO-6 policy and my HOA's master policy?
The HOA master policy covers the building's shared structure — exterior walls, roof, hallways and common areas — but it does not cover the inside of your unit or your belongings. Your HO-6 policy covers everything from the walls in: your interior finishes and fixtures, your personal property, your personal liability, and loss assessment if the HOA charges owners after a covered loss. Under a "bare walls" master policy, your HO-6 needs to cover more of the interior than under a "single entity" (all-in) policy that already includes fixtures.
How much condo insurance do I need?
Start with your HOA's insurance declaration page: it tells you whether the master policy is bare walls, single entity or all-in, which determines how much interior coverage your HO-6 should carry. Typical HO-6 policies insure the interior (walls-in) for $10,000–$100,000, personal property for $20,000–$60,000, and liability at $100,000–$500,000 — many HOAs require at least $300,000 of liability. Add loss assessment coverage ($10,000–$50,000) so a special assessment after a covered loss doesn't land on you personally.
How can I lower my estimated condo insurance premium?
The biggest levers are choosing a higher deductible, keeping a claim-free history, and checking your HOA master policy type — owners in all-in (single entity) buildings usually need less interior coverage than owners under bare-walls policies. Bundling the HO-6 with your auto policy and installing water-leak sensors or an alarm system can also reduce the rate.
Keep reading: property insurance guides
An estimate is a starting point — these guides help you understand the market behind it:
- Renters Insurance for Your First Apartment: What You Need — personal property and liability basics that also apply inside a condo unit.
- Home Insurance for First-Time Buyers: What You Need (and Don't) — coverage basics that translate well to understanding HO-6 dwelling coverage.