Homeowner Insurance Quotes NJ
Homeowner Insurance Quotes NJ: Home Insurance Quote NJ Compare
Homeownership in New Jersey comes with the responsibility of protecting your property from unforeseen risks. Securing the right homeowner insurance policy is crucial for safeguarding your investment. In this comprehensive guide, we delve into everything you need to know about obtaining homeowner insurance quotes in New Jersey, including factors influencing pricing, coverage options, and tips for finding the best deals.
The average cost of homeowners insurance in New Jersey is $965 per year. In comparison, the national average is $1,820 per year. This is based on a sample homeowner with $300,000 of dwelling coverage, $300,000 of liability coverage, a $1,000 deductible and good credit. NerdWallet analyzed data from several insurance companies selling policies in New Jersey to help you find the best home insurance in the state in the following categories:
Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.
Full list of the best homeowners insurance in New Jersey: Home Insurance Quote NJ Compare
NerdWallet analyzed dozens of home insurance companies to find the best home insurance in New Jersey. Here are all of the insurers that received a NerdWallet star rating of 4.5 or higher:
|
Company |
NerdWallet star rating |
Average annual rate |
|
$600 |
||
|
$1,045 |
||
|
Not available |
||
|
Not available |
||
|
$745 |
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$1,420 |
||
|
Not available |
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Not available |
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Not available |
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|
USAA* |
$1,045 |
How much does homeowners insurance cost in New Jersey?
The average annual cost of home insurance in New Jersey is $965. That’s 47% less than the national average of $1,820. In most U.S. states, including New Jersey, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score. In New Jersey, those with poor credit pay an average of $1,705 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 77% more than those with good credit.
The average cost of homeowners insurance in New Jersey by city
The cost of your policy depends on where you live in New Jersey. For example, the average cost of homeowners insurance in Newark is $1,110 per year, on average, while homeowners in Piscataway and Edison pay just $845 per year, on average.
|
City |
Average annual rate |
Average monthly rate |
|
Bayonne |
$1,015 |
$85 |
|
Brick |
$1,245 |
$104 |
|
Camden |
$1,125 |
$94 |
|
Cherry Hill |
$1,025 |
$85 |
|
Clifton |
$915 |
$76 |
|
East Orange |
$1,110 |
$93 |
|
Edison |
$845 |
$70 |
|
Elizabeth |
$965 |
$80 |
|
Hoboken |
$945 |
$79 |
|
Irvington |
$1,030 |
$86 |
|
Jackson |
$1,005 |
$84 |
|
Jersey City |
$1,090 |
$91 |
|
Lakewood |
$1,045 |
$87 |
|
Newark |
$1,110 |
$93 |
|
North Bergen |
$940 |
$78 |
|
Passaic |
$1,030 |
$86 |
|
Paterson |
$1,060 |
$88 |
|
Perth Amboy |
$965 |
$80 |
|
Piscataway |
$845 |
$70 |
|
Plainfield |
$905 |
$75 |
|
Toms River |
$1,150 |
$96 |
|
Trenton |
$1,045 |
$87 |
|
Union City |
$985 |
$82 |
|
Vineland |
$1,110 |
$93 |
|
West New York |
$930 |
$78 |
The cheapest home insurance in New Jersey
Here are the insurers we found with average annual rates below the New Jersey average of $965.
|
Company |
NerdWallet star rating |
Average annual rate |
|
Selective |
Not rated |
$515 |
|
Cumberland Mutual |
3.0NerdWallet rating |
$540 |
|
$600 |
||
|
$745 |
||
|
$755 |
||
|
Narragansett Bay |
4.0NerdWallet rating |
$775 |
|
New Jersey Skylands |
Not rated |
$885 |
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Securing the right homeowner insurance policy in New Jersey is essential for protecting your property and belongings. By understanding the factors influencing insurance costs, comparing quotes from multiple providers, and implementing strategies to lower premiums, homeowners can find the coverage they need at a price that fits their budget. With comprehensive insurance protection, New Jersey homeowners can enjoy peace of mind knowing they’re prepared for any unexpected events that may arise.