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 2026. Our top choices for the best condo insurance in 2026 were selected by considering which carriers offer the coverage options condo owners need most, along with other key factors. Our list considers each insurer's pros and cons to offer you our most informed picks. Check it out below.
Key Takeaways - Best Condo Insurance Companies of 2026
Allstate takes the top rating as our best condo insurance company overall for 2026.
Travelers, Progressive, and American Family also rank on our list of the top HO-6 insurance companies this year.
Travelers offers the best financial strength and claims experience for customers, while Progressive offers the best bundling discounts.
Working with a local independent insurance agent is strongly recommended, as they can shop and compare condo insurance coverage and rates from multiple carriers near you to find the best rate, discounts, endorsements, and more.
Compare the Best Condo Insurance Companies of 2026
Who has the best condo insurance? Hopefully, you'll find your answer in our condo insurance company comparison. We ranked our top condo insurance companies in 2026 based on several criteria. To compare condo insurance companies, 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
| Carrier | Best For | AM Best Rating | J.D. Power Score | Key Differentiator |
|---|---|---|---|---|
| Allstate | Overall | A+ | Third place (685) overall in study | Sells NFIP flood coverage through its own agents |
| Travelers | Claim Experience | A++ | Lowest of those compared | Additional coverage package |
| Progressive | Bundling Coverage | A+ | N/A | Bundling discount is 7% higher than competitors' |
| American Family | New Condo Owners | A | Highest of those compared | First-time homebuyer guide and personal property inventory tool |
What Is HO-6 Insurance?
Condo insurance is an HO-6 policy that covers your condo unit's interior structure, personal belongings, and personal liability. There are several types of condo insurance included in standard policies. Condo insurance, or HO6 insurance, fills the coverage gap left by your HOA's condo association insurance master policy. Next, we'll compare the top HO-6 insurance companies of 2026.
How We Choose 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 and endorsements, discounts and benefits, coverage rates, online quote availability, condo insurance AM Best rating for financial strength, J.D. Power scores, condo insurance NAIC complaint ratio, state availability, 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.
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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A+ rating by AM Best
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Third-place ranking on J.D. Power Insurance Shopping Study
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Allstate condo insurance review
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 a third-place ranking (685) on a recent J.D. Power Insurance Shopping Study.
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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A++ (highest possible) rating by AM Best
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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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Travelers condo insurance review
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, with the highest possible rating of "A++" by AM Best. 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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A+ rating by AM Best
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Offers several additional discounts
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Endorsements available
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Progressive condo insurance review
Our top pick for the best condo insurance company for bundling coverage goes to Progressive. The carrier's bundling 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 AM Best rating of "A+" 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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A rating by AM Best
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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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American Family condo insurance review
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, with an "A" rating by AM Best. It also offers 24/7 claims reporting for customers. One downside to American Family, however, is that coverage is currently only offered in 19 states.
How to Choose the Best Condo Insurance Company
Have you been wondering how to choose the condo insurance company that's best for you? Fortunately, it's easy to make your selection after reviewing the top condo insurance companies of 2026. Just follow these steps:
- Review your HOA's master policy type: Determine if your condo association policy has bare walls coverage, single-entity coverage, or all-in coverage. This will inform you and your independent insurance agent about the type of coverage you need for your personal HO-6 policy.
- Compare AM Best and J.D. Power scores: Look for a carrier with excellent financial strength, meaning an AM Best score of "A" or higher. Also, review each carrier's J.D. Power customer satisfaction scores and look for one with a high rating.
- Confirm state availability: Not every carrier offers condo insurance in all states. It's critical to find a condo insurance company that provides this coverage in your area.
- Evaluate bundling discounts: If you need more than one type of coverage, it's helpful to get your condo insurance from a carrier that offers great bundling discounts for buying more than one type of policy.
- Evaluate loss assessment coverage: A carrier's loss assessment condo insurance coverage can be a winning differentiator from competitors. This coverage operates similarly to loss of use insurance or additional living expenses under homeowners policies.
- Work with an independent insurance agent: These agents can shop and compare multiple HO-6 carriers simultaneously to find the best coverage options and rate for you.
The easiest way to be matched with the best condo insurance carrier and the right policy for your unique property is to work with a local independent insurance agent.
FAQs About the Best Condo Insurance Companies
What is an HO-6 insurance policy?
HO-6 is the policy form for condo insurance. It covers your unit's interior structure, personal belongings, and personal liability, filling the gap left by the HOA's master policy, which covers the building exterior and shared spaces. An independent insurance agent can help you compare the best HO-6 insurance companies near you and get set up with all the types of condo insurance you need.
Is condo insurance required by law?
Condo insurance is typically required by mortgage lenders as a loan condition. Your HOA may also mandate it under its bylaws. Even when it's not required, HO-6 insurance protects against costs that fall outside the HOA master policy coverage.
How do I compare condo insurance companies?
To make an accurate condo insurance company comparison, consider these categories: rates (get quotes from at least three carriers), coverage options (look for loss assessment coverage, water backup, and endorsement flexibility), and customer service (review the carrier's condo insurance J.D. Power scores and condo insurance NAIC complaint ratio data). Independent insurance agents can also complete these comparisons on the buyer's behalf.
What is loss assessment coverage in condo insurance?
Loss assessment coverage in condo insurance helps pay a unit owner's share when the HOA bills all owners after a shared loss that exceeds the master policy's coverage limits. Some carriers include a base amount of loss assessment coverage in a standard HO-6 policy, while others offer it as an endorsement.
What factors affect condo insurance rates?
Key factors that affect condo insurance costs include your location, unit value, coverage limits, deductible amount, credit history, and prior claims. Carrier choice alone can shift an annual premium by several hundred dollars. An independent insurance agent can help you compare the cheapest top condo insurance companies of 2026.
Can I bundle condo insurance with auto insurance to save money?
Yes. Most major carriers offer multi-policy discounts for bundling. Progressive offers approximately 7% off when combining condo and auto policies. Allstate offers up to 15% through bundling. An independent insurance agent can help you compare each carrier's condo insurance discounts. They can help you find the best condo insurance for bundling.
How does condo insurance differ from homeowners insurance?
Homeowners insurance (HO-3) covers a full standalone home structure, including the exterior. Condo insurance (HO-6) covers only the unit interior, meaning the walls in. Condo insurance also covers your personal property and liability. The building exterior and shared spaces fall under the HOA master policy. An independent insurance agent can help you compare HO-6 insurance companies near you and find the right types of HO-6 insurance.
Get Help from an Independent Insurance Agent
When you're ready to get set up with the best condo insurance of 2026, no one's better equipped to help than a local independent insurance agent. Independent insurance agents can compare multiple HO-6 carriers simultaneously to find the best condo insurance coverage and rate combination in your area. And down the road, your agent can help you file condo insurance claims and update your coverage when necessary.
Sources
https://www.marketwatch.com/guides/insurance-services/best-condo-insurance/
https://www.valuepenguin.com/best-condo-insurance
https://insurify.com/homeowners-insurance/best-condo-insurance/
https://www.insurance.com/home-and-renters-insurance/best-condo-insurance-companies
https://www.jdpower.com/business/press-releases/2026-us-insurance-shopping-study/