Multiperil condo unit insurance cost changes

Average homeowner insurance costs decreased for the first time since the Office of Insurance Regulation began releasing its Residential Market Share Reports based on data that the state requires insurance companies to submit quarterly. This information is limited to multiperil coverage costs for condominium units.

This table shows that condominium unit insurance costs decreased at the end of 2024 for the first time since the state began to release the data in 2022.