Best Condo Insurance In Georgia
Condo owners in Georgia can expect to pay about $874 per year for insurance, with Nationwide leading as the preferred provider.
We’ve saved shoppers an average of $450 per year on their home insurance.
Tornadoes and thunderstorms often occur in Georgia, making weather-related condo damage a real possibility. Although state laws don’t mandate condo insurance, your lender might insist on it. This insurance can cover financial losses tied to property damage, theft, or severe weather.
In some cases, it may also include dwelling protection, as specified by your HOA. For peace of mind, choose a policy with broad coverage. This guide will help you explore the best condo insurance options in Georgia.
Best Condo Insurance Companies In Georgia, 2025
Compare The Best Condo Insurance Policies In Georgia
| Best For | Overall Rating | A.M Best Rating | J.D Power Rating | Get A Quote | |
|---|---|---|---|---|---|
| Nationwide |
Overall |
|
A+ |
816 |
Instant Quote |
| Travelers |
Discounts |
|
A |
794 |
Instant Quote |
| Amica |
Runner-Up |
|
A+ |
849 |
Instant Quote |
| Chubb |
High-Value Condos |
|
A++ |
809 |
Instant Quote |
Best Condo Insurance Companies In Georgia 2025
Best For High-Value Condos
Key Statistics
Why We Like Them
⇅Chubb is the go-to provider for Georgia luxury condo owners, thanks to their outstanding customer service and customized coverage options. Their Masterpiece policy offers extended replacement cost, covering rebuild expenses that go beyond the insured value. With additional features like identity fraud and cyber protection, Chubb is designed for the unique needs of affluent property owners. Their high coverage limits ensure comprehensive protection for upscale condos.
Benefits & Drawbacks
⇅- Includes extended protection
- Exceptional customer care
- Only a small number of complaints were reported. ✓
- Intended for premium condominiums
- More expensive compared to industry norms.
- Without accreditation from the BBB. ✘
Best Runner-Up
Key Statistics
Why We Like Them
⇅Coming in second, Amica provides Georgia condo owners with an impressive selection of coverage options. The Platinum Choice policy delivers increased coverage limits and additional features compared to standard plans. With premiums that are much lower than Allstate’s, Amica offers great value. Policyholders can bundle their condo and auto insurance for discounts of up to 20%. Amica’s reputation for top-tier customer service and satisfaction further cements its ranking.
Benefits & Drawbacks
⇅- Array of coverage selections
- Scant customer objections
- Financially stable insurance firm. ✓
- Rates higher than usual.
- AM Best experienced a downgrade in its rating during 2017.
- Some states don't offer condo insurance dividends. ✘
Best Overall
Key Statistics
Why We Like Them
⇅Nationwide takes the leading spot in this guide, offering insurance policies designed to meet customer needs. Coverage options include protection for personal items like furniture and clothing and additional living expenses (ALE) to cover costs if you’re displaced from your condo. Optional endorsements allow for further customization. Nationwide’s claims team is known for handling claims promptly and fairly, and their excellent customer service ensures a smooth experience from start to finish.
Benefits & Drawbacks
⇅- Economical costs
- Extensive range of coverage choices
- Top-notch customer assistance ✓
- Meant for premium condominiums.
- Discounts for a brief period.
- Opportunity for supplementary expenses ✘
Best For Discounts
Key Statistics
Why We Like Them
⇅Travelers Insurance stands out for Georgia condo owners looking for discounts and cost-effective coverage. They offer a 15% multi-policy discount for bundling condo, auto, and other insurance plans, helping you save money while simplifying your insurance management. Travelers also provides a protective device discount for installing safety features or smart home technology, encouraging customers to reduce risks. Despite these benefits, Travelers’ rates remain among the most affordable in the market for similar coverage levels.
Benefits & Drawbacks
⇅- Reasonable fees
- Alternative to group several insurance types together
- Top-tier financial health assessment ✓
- Constrained protection
- There might exist a list of dogs that are banned. ✘
How Much Is Condo Insurance In Georgia?
The average annual cost of condo insurance in Georgia stands at $874. Allstate stands out with the lowest rates, averaging $550 yearly. The table below presents the annual premiums for condo insurance from five top providers in the state.
| Insurance Company | Average Annual Rate |
| State Farm | $940 |
| Nationwide | $1,040 |
| Farmers | $890 |
| Travelers | $840 |
| Allstate | $550 |
Average Cost Of Condo Insurance In Georgia – By City
The data below illustrates the average costs of condo insurance in Georgia’s busiest urban areas.
| City | Average Annual Rate |
| Macon | $876 |
| Sandy Springs | $920 |
| Savannah | $930 |
| Athens | $840 |
| Atlanta | $966 |
Condo Insurance Rates In Georgia – By Building Property Limits
Each condo requires tailored insurance coverage. The amount you need largely depends on the cost of rebuilding your condo. The table below outlines average monthly premiums for various coverage limits.
| Building Property Limit | Average Annual Rate |
| $40,000 | $758 |
| $60,000 | $875 |
| $80,000 | $990 |
| $100,000 | $1,090 |
Focus on more than just finding the lowest insurance premiums; seek out a policy that provides a fair combination of cost, coverage, financial stability, and excellent customer service.
How To Find The Best Condo Insurance Company For You
Protecting your condo with the right insurance policy is a wise investment. It safeguards one of your most valuable assets and provides peace of mind. To find the ideal coverage:
Identify your coverage needs.
Research and shortlist three insurance companies.
Collect quotes from those companies.
Evaluate each option for coverage, cost, and customer satisfaction.
Purchase the policy that best suits your requirements.
Most Expensive ZIP Codes For Condo Insurance In Georgia
Georgia’s 31522 ZIP code has the highest average condo insurance cost at $3,495 per year.
| ZIP Code | Average Yearly Premium |
| 31522 | $3,495 |
| 30019 | $2,020 |
| 30609 | $2,019 |
| 30043 | $2,018 |
How To Get An Online Condo Insurance Quote In Georgia
To find the best condo insurance in Georgia, comparing quotes from different providers is key. A great tool to help with this is Insuranceopedia. Be prepared to provide these details for accurate quotes:
- Full name
- The condo’s physical address
- Year the condo was constructed
- Type of exterior wall construction
- Square footage of your condo
- Estimated cost to rebuild the condo
- The value of your personal property
- The number of people living in the condo
- Claims history
- Installed safety and security features
Factors That Impact The Cost Of Your Condo Insurance Policy
Condo insurance premiums in Georgia depend on various factors:
- Rebuild Costs: Higher replacement values increase premiums.
- Location: High-risk areas, such as those with frequent storms or high crime rates, result in higher insurance costs.
- Age and Structure: Outdated systems in older condos can raise rates, but using durable materials may reduce premiums.
- Claim Records: Insurers charge more to those with frequent claims, but discounts may be available for a clean claims history.
Cheapest ZIP Codes For Condo Insurance In Georgia
The average annual cost of condo insurance in ZIP code 30683 is $1,998, making it the most economical choice.
| ZIP Code | Average Yearly Premium |
| 30022 | $2,004 |
| 30606 | $2,002 |
| 30045 | $2,000 |
| 30683 | $1,998 |
How Much Condo Insurance Do I Need In Georgia?
Determining the right condo insurance in Georgia involves considering factors such as your condo’s design, the value of your personal possessions, and what is covered by your condo association’s master insurance policy. It may be wise to include loss assessment coverage in your policy to protect against expenses related to damages in shared condo spaces.
How Much Condo Insurance Is Legally Required In Georgia?
Condo insurance isn’t a legal requirement in Georgia, but it’s usually needed if required by a mortgage lender or condo association. Policies generally include liability coverage, with limits between $100,000 and $500,000.
How To Save Money On Georgia Condo Insurance
If you’re looking for affordable condo insurance in Georgia, one effective strategy is to increase your deductible. This typically lowers your premiums, but be aware that you’ll need to pay more if you file a claim. You can also lower your rates by improving the security and weather resistance of your condo. Installing storm shutters or enhancing security devices can protect your property from potential damage and break-ins, helping to keep your premiums down.
Compare Condo Insurance Rates To Other States
| State | Average Annual Premium |
| Alabama | $607 |
| Alaska | $418 |
| Arizona | $440 |
| Arkansas | $578 |
| California | $605 |
| Colorado | $479 |
| Connecticut | $403 |
| Delaware | $498 |
| Florida | $1,069 |
| Hawaii | $368 |
| Idaho | $483 |
| Illinois | $407 |
| Indiana | $384 |
| Iowa | $299 |
| Kansas | $397 |
| Kentucky | $391 |
| Louisiana | $786 |
| Maine | $408 |
| Maryland | $331 |
| Massachusetts | $461 |
| Michigan | $360 |
| Minnesota | $351 |
| Mississippi | $634 |
| Missouri | $388 |
| Montana | $521 |
| Nebraska | $391 |
| Nevada | $477 |
| New Hampshire | $381 |
| New Jersey | $429 |
| New Mexico | $433 |
| New York | $475 |
| North Carolina | $519 |
| North Dakota | $287 |
| Ohio | $315 |
| Oklahoma | $655 |
| Oregon | $400 |
| Pennsylvania | $390 |
| Rhode Island | $587 |
| South Carolina | $530 |
| South Dakota | $328 |
| Tennessee | $492 |
| Texas | $873 |
| Utah | $301 |
| Vermont | $375 |
| Virginia | $372 |
| Washington | $400 |
| West Virginia | $331 |
| Wisconsin | $272 |
Our Methodology
I researched which condo insurance companies excel in Georgia by analyzing customer satisfaction and financial stability ratings from credible sources like J.D. Power and AM Best. Additionally, I incorporated consumer reviews and my experience as a licensed property and casualty agent specializing in condo insurance in Georgia.
Quotes Analyzed
Brands Reviewed
Years Of Experience
Research Hours
FAQs
What Does Condo Insurance Cover In Georgia?
Known as an HO-6 policy, condo insurance covers the internal structures of your condominium and its contents against unforeseen damage or loss. This includes essentials such as walls, floors, fixtures, and cabinets, along with personal property. Moreover, condo insurance provides liability coverage and generally includes $1,000 for loss assessment coverage to address damages affecting shared spaces within the condominium complex. Coverage limits can be extended through a policy endorsement.
How does condo insurance work?
Condo insurance ensures financial protection for condo owners, covering a wide range of risks to their condominiums and personal belongings through a variety of coverage options and additional policy features.
About Bob Phillips
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