When you're looking for condo insurance, it's typically wise to compare coverage from several different carriers first. Ideally, find a policy from a carrier that has a reputation for delivering on its coverage promises to policyholders. If you ever need to file a claim, you want the assurance that you'll actually get the reimbursement you deserve after a covered loss. Other factors to consider include a carrier's financial strength ratings, customer service availability, and customer feedback.
We're hoping to help simplify the process of comparing condo insurance companies with our list of the Best Condo Insurance Companies of 2025. Our top choices were selected by considering which carriers offer the coverage options that condo owners need most, as well as other key factors to analyze. Our list considers each insurer's pros and cons to offer you our most informed picks. Check it out below.
The 4 Best Insurance Companies for Condo Owners in 2025
Who has the best condo insurance? Hopefully, you'll find your answer below. We ranked our top 4 best condo insurance companies in 2025 based on several criteria. To determine who sells the best condo insurance, we factor in each carrier's history of customer satisfaction, coverage options, and more. Find our rankings for the best insurance companies for condo owners across several specific categories below.
- Best Condo Insurance Company Overall: Allstate Condo Insurance
- Best Condo Insurance Company for Claim Experience: Travelers Condo Insurance
- Best Condo Insurance Company for Bundling Coverage: Progressive Condo Insurance
- Best Condo Insurance Company for New Condo Owners: American Family Condo Insurance
Best Condo Insurance Company Overall: Allstate Condo Insurance
| Pros: | Cons: |
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Flood coverage from the NFIP offered through Allstate agents
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Online quotes aren't available in every state
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Offers premium rate increase protection after filing a claim
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Limited additional coverage options
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Loss assessment coverage is included in standard condo policies
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Great endorsements and discounts
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Excellent ratings from AM Best and J.D. Power
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Our top choice for the best condo insurance company overall goes to Allstate. The carrier has a superior financial strength rating of "A+" from AM Best and one of the highest possible ratings on a recent J.D. Power customer satisfaction survey.
The condo coverage offered by Allstate is also outstanding, as are the carrier's online resources available for policyholders. Allstate offers 24/7 customer service along with a nationwide network of insurance agents.
One major perk of Allstate's condo insurance policies is that the carrier can equip customers with National Flood Insurance Program (NFIP) flood insurance that's sold directly by one of its own agents. The carrier offers several discounts as well, including for having sprinklers and smart-home systems. Auto-pay discounts and claims-free discounts are also available.
Another outstanding perk of Allstate's condo insurance is the Claim RateGuard feature, which protects customers from experiencing increases in their premiums after filing a claim. Additional coverage options are also available in select areas, including building code coverage, electronic data recovery, and identity restoration coverage.
Allstate has about 57,000 employees, and its presence extends across six continents. The carrier was originally founded in 1931. Allstate is also great for personalized coverage, thanks to its team of independent insurance agents who work with customers to design policies that best meet their needs.
Best Condo Insurance Company for Claim Experience: Travelers Condo Insurance
| Pros: | Cons: |
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Offers customizable loss assessment coverage
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Personal liability coverage limits are capped at $500,000
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Offers at least 10 deductible options
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Scored the lowest on a J.D. Power survey of all carriers on our list
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Provides resources to learn more about your condo's repair history
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Disappearing deductible feature
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Our top pick for the best condo insurance company for claim experience goes to Travelers. The carrier offers a unique feature of deductible credits every year a customer remains claim-free. The deductible credit can eventually lead to a $0 deductible over time, and starts with a $100 sign-up credit. Once a customer files a claim, they can potentially receive the maximum amount of reimbursement possible without having to pay anything out of pocket.
Travelers also offers several discount options, including installing security systems, living close to a fire hydrant, having a good credit history, bundling coverage, and having monitored smoke detectors or fire alarms. Perhaps unsurprisingly, the carrier also offers a discount for remaining claim-free.
Travelers also offers an endorsement called the Additional Coverage Package, which comes with equipment breakdown coverage, loss assessment coverage, and identity theft protection.
Travelers dates back more than 165 years and has a long reputation for reliability and superior financial strength. Founded in 1864, Travelers offers many types of personal and business insurance. The carrier also offers a wide variety of discounts to help you save on landlord insurance, such as bundling coverage or staying claim-free for a set number of years.
Best Condo Insurance Company for Bundling Coverage: Progressive Condo Insurance
| Pros: | Cons: |
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Offers quotes from multiple providers
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All coverages are not available nationwide
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Generous bundling options and discounts
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Limited endorsement options
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Offers several additional discounts
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Endorsements available
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Our top pick for the best condo insurance company for bundling coverage goes to Progressive. The carrier's discount of 7% is higher than most competitors' when customers bundle their condo insurance and auto insurance. The carrier also offers numerous other bundling options and corresponding discounts, including bundling condo insurance with motorcycle insurance or boat insurance, among others.
Bundling coverage also offers customers the benefit of a single deductible for each policy. The catch is that a customer must purchase their coverage from a provider in Progressive's network, American Strategic Insurance.
Other discounts Progressive offers include those for installing security features and alarms, paying your entire premium upfront, and insuring a newly purchased condo. Water backup coverage and personal injury coverage are available as policy endorsements.
Progressive was founded in 1937 and offers many types of coverage in addition to condo insurance. The carrier has an excellent rating from AM Best for financial strength and is known for providing 24/7/365 customer service. The carrier also offers many discount options, a mobile app, and a live chat service. Many of Progressive's policies are available nationwide.
Best Condo Insurance Company for New Condo Owners: American Family Condo Insurance
| Pros: | Cons: |
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Offers a comprehensive online first-time homebuyer guide
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Coverage is only available in 19 states currently
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Offers numerous resources for new homeowners
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Customers may be asked to provide their Social Security numbers when requesting online quotes
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Several discounts and endorsements are available
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Scored the highest J.D. Power customer satisfaction rating of all carriers on our list
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Our top pick for the best condo insurance company for new condo owners goes to American Family. New condo owners can greatly benefit from American Family's outstanding resources, which include a detailed online first-time homebuyer guide found on the official website.
The carrier also offers a personal property inventory tool to help prospective customers estimate the amount of coverage they'll need and a coverage calculator. Articles about common condo insurance claims are also provided.
American Family offers several discounts, including a generational coverage discount for condo owners whose parents are insured by the carrier. Other discounts offered include bundling coverage, new homeowners, recent condo renovations, living close to a fire station or hydrant, and having smart-home devices.
Many coverage endorsements are also available, including sump pump or water backup coverage, equipment breakdown coverage, and credit theft protection and monitoring. These endorsements can help customers stay alert and avoid being the victim of identity theft, fraud, or cyberattacks. American Family also offers hidden water damage coverage endorsements and a diminishing deductible option.
American Family is going on 100 years in the insurance industry and dates back to 1927. The carrier has a long-lasting reputation for reliability and solid financial strength. It also offers 24/7 claims reporting for customers.
How We Select the Best Condo Insurance Companies
We evaluated condo insurance companies based on several criteria and applied a calculated methodology to develop our list of top carriers across several categories. More than a dozen condo insurance carriers were evaluated in terms of pros and cons, including their official websites, coverage options, discounts and benefits, coverage rates, online quote availability, financial strength, and history in the insurance industry. An assessment of combined carrier reputation and condo insurance coverage options and prices was conducted to craft our list of top picks for providers in every category above.
Sources
https://www.marketwatch.com/guides/insurance-services/best-condo-insurance/
https://www.valuepenguin.com/best-condo-insurance
