Countrywide, Utah has the lowest average annual condo insurance rates, coming in at nearly 50% below the national average. (Credit: Trong Nguyen/stock.adobe.com)
Nationwide, the average cost of condo insurance is $506 annually, according to AdvisorSmith. However, the rates condo owners pay vary widely based on state, with some paying premiums that are more than 90% above the national average.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
