How to find cheap car insurance and condo insurance bundles
Let's review the best ways to save when purchasing condo and car insurance policies, and some tips to help you get the cheapest car insurance quotes from some of the best value carriers.
How to get a multi-policy discount for car and condo insurance
There are two ways to save on auto insurance as a condo owner. One is to state you own a condo when applying for car insurance. On average, condo owners pay 2% less for car insurance than do renters, multi-policy discounts aside. If you purchase your car and condo insurance policies from the same company, that 2% could grow to 9% — or an average of $113 off your car insurance costs each year.
To get a multi-policy discount, you'll need to carry your condo and car insurance policies with the same company. Be sure to keep the following information accessible when purchasing these policies.
Car insurance info:
- Personal information of all drivers: driver's license numbers, DOB, insurance history, and driving history, including a timeline of major violations
- Vehicle information, including VIN
- Address of primary residence (address of condo)
Condo insurance info:
- Address of unit
- Personal information of all individuals living at the residence
- Estimated value of your condo unit
- Estimated value of personal property
- Desired liability limits
- List of valuables in the condo requiring additional coverage
An insurer may put in place a coverage cap on personal belongings. Any items in excess of this value amount should be itemized and insured via extended coverage. Items that commonly max out coverage limitations include:
- Jewelry
- Fur
- Sports equipment
- Watercraft
- Musical instruments
- Firearms
For more information on how to insure expensive belongings, consult our in-depth guide to condo insurance. This information may help you get the most accurate and affordable quote possible.
What is Scheduled Personal Property Coverage? | The Zebra
Enhance your homeowners insurance by adding scheduled personal property coverage. Insure high-value jewelry and collectibles beyond standard limits.
Which insurance company offers the best condo-auto insurance bundle discounts?
Now that we’ve explored how to get quotes for your condo and car insurance coverage, let’s talk about the companies that offer the best rates when you bundle. With a general driving profile, we surveyed top insurance companies and added a “condo owner” multi-policy discount to the policy. Below, you can see the average monthly and annual premiums for auto insurance as a condo owner with multiple policies.
Updating data...
| Company | Avg. Monthly Premium | Avg. Annual Premium |
|---|---|---|
| State Farm | $110 | $1,315 |
| USAA | $111 | $1,330 |
| Nationwide | $113 | $1,359 |
| GEICO | $122 | $1,462 |
| Farmers | $124 | $1,493 |
| Progressive | $140 | $1,676 |
| Allstate | $180 | $2,154 |
Source: The Zebra
The Zebra’s Dynamic Insurance Rating Tool data methodology
The Zebra’s Dynamic Insurance Rating Tool for home and auto insurance rates utilizes the latest ZIP code-level rate filings from across the U.S., sourced from Quadrant Information Services and S&P Global. These filings, typically updated annually or biennially by insurers, are verified through Quadrant’s QA process and then integrated into The Zebra’s estimator.
The displayed rates are based on a dynamic home and auto profile designed to reflect the content of the page. This profile is tailored to match specific factors such as age, location, and coverage level, which are adjusted based on the page content to show how these variables can impact premiums.
For a comprehensive understanding, see our detailed methodology.
State Farm is the cheapest insurance company for a car insurance-condo insurance bundle. Note: this cost data applies only to auto insurance, not the combination of your condo policy and car insurance coverage.
Use this data as a starting point in your search for condominium and car insurance.
Compare rates and save!
Other ways to save on insurance costs
Now that we’ve outlined how to get cheap car insurance as a condo owner, let’s go over some simple ways to save.
Ask about discounts
A big benefit of having a home and auto insurance policy with the same company is the discount. Here are some other standard discounts about which you should inquire.
- Good driver
- Good student discount (aged 16 to 25)
- Good/safe teen driving discount (with pre-approved safety training course)
- Telematics programs
- Payment by bank account
- Paid-in-full discount
- eSignature discounts
- Paperless billing discount
- Multi-vehicle discount
Be smart with your claims
Filing a claim can raise your rates for up to three years, so it pays to weigh the costs before you decide.
- Do the math: Compare repair costs with your deductible plus the likely rate hike over three years.
- File a claim if:
- Injuries are involved (medical costs are high).
- The other driver requires insurance involvement.
- Damage is extensive or your car is totaled.
👉 Some policies require you to report all accidents — review your policy to be sure.
Make sure your coverage options suit your needs
Cars lose value over time, so review your policy as your vehicle ages. A common guideline: if your car is worth under $4,000, collision and comprehensive may not be worth the cost — the payout likely won’t match what you’re paying in premiums.
- Check your car’s value: Use multiple sources like Kelley Blue Book and NADA online.
- If worth more than $4,000: Keep coverage, but consider raising deductibles to lower your premium.
- Deductibles explained: This is the share you pay in a claim. Higher deductibles = more financial responsibility, but lower monthly costs.
👉 See the table below for average premiums by coverage type from top car insurance companies.
Updating data...
| Company | Avg. 6 Mo. Premium |
|---|---|
| Allstate | $1,551 |
| Auto Club | $1,349 |
| Farmers | $1,266 |
| State Farm | $1,217 |
| Nationwide | $1,189 |
| Progressive | $1,074 |
| GEICO | $944 |
| USAA | $873 |
Source: The Zebra
Find the best coverage for your needs.
Condo owner car insurance FAQs:
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.