Homeowners Insurance in New Jersey

Homeowners insurance shouldn't be complicated. Compare New Jersey rates by city and carrier below.

How to get affordable homeowners insurance in New Jersey


Homeowners insurance isn't required, but it is important. A home insurance policy keeps your personal items protected. Homeowners insurance protects your house and property in the event of an array of calamities, including fire, theft, vandalism, or wind damage.

Unlike car insurance, home insurance isn't priced based on state-level legislation. That said, major gaps exist in home insurance costs from state to state. Home insurance rates in a given state diverge depending on the number and cost home insurance claims filed across the state, and depend on the value of the dwelling and belongings being insured.

The best way to acquire cheap home insurance in New Jersey is to view prices from as many insurance companies as you can. Find out home insurance rates in New Jersey by reviewing the below data. Your rates may vary, depending on your coverage limits.


Homeowners insurance in New Jersey:
  1. Rates by company
  2. Costs by city
  3. Bundling discounts
  4. FAQs

Home insurance prices in New Jersey by company

Rates for homeowners insurance in New Jersey differ depending on the insurance company you select. New Jersey Manufacturers offers the most affordable home insurance policies in New Jersey, at just $522 each year. This compares favorably to the state average cost of $934, providing a $412 price break on average statewide home insurance costs.

Start shopping for a homeowners insurance policy by reviewing the best New Jersey home insurance carriers, listed below.


HOME INSURANCE RATES IN NEW JERSEY: BY COMPANY
CompanyAverage Annual Rate in New Jersey
New Jersey Manufacturers$522.24
New Jersey Skylands$526.50
Cumberland Insurance Group$532.40
Narragansett Bay$579.62
State Farm$739.31

New Jersey home insurance costs by city

Homeowners insurance rates in New Jersey differ by city. Policy pricing may depend on local variables such as the likelihood of weather-related claims in the area, meaning your ZIP code could have a major impact on how much you pay.

The most affordable home insurance rates in New Jersey are available in Fort Lee. The average homeowners insurance policy in Fort Lee runs only $831 per year — $104 less than the average homeowners policy in other New Jersey cities. The below cities have the most affordable homeowners insurance in New Jersey.


AFFORDABLE HOME INSURANCE BY CITY IN NEW JERSEY
CityAverage Annual Home Insurance Rate
Fort Lee$830.74
Hackensack$843.37
New Brunswick$867.26
Linden$877.47
Perth Amboy$895.03

Homeowners and auto insurance bundles in New Jersey

If you're trying to save on insurance, consider holding your car and homeowners policies with the same insurance company. A home and car insurance bundle in New Jersey can lead to substantial savings on your auto insurance policy. Purchasing bundled policies in New Jersey leads to average annual savings of $120.


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN NEW JERSEY
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. Yearly Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,511.00$1,391.00$120.009%

A great way to save is to bundle your home and auto insurance policies. Get started today!


Seeking information on home insurance in a specific city? Check out our breakdown of large New Jersey cities:

  1. Jersey City
  2. Newark

New Jersey homeowners insurance FAQs


Does GEICO have homeowners insurance in New Jersey?

Yes - GEICO offers homeowners insurance for homes located in New Jersey.

Is home insurance required in New Jersey?

Homeowners insurance is not required in New Jersey. However, your mortgage will require it. Even if you don't have a mortgage, it's smart to have homeowners coverage.


Homeowners insurance and hurricanes in New Jersey

Since hurricanes can cause devastating destruction and destroy structures entirely, insurance companies remain unwilling to take on the full risk of hurricanes as a whole. If you reside in New Jersey, there could be increased risk of experiencing damage from hurricanes. In fact, 95, 659 single-family homes are at extreme risk of hurricane damage in New Jersey.*

If you reside near the coast, it's of utmost importance to check and understand your homeowners policy because a basic policy won't be enough to cover the expenses of repairing damage caused by hurricanes — you would need to bolster your policy with flood and windstorm insurance, which would work in tandem to pay for repairs or replacements. In some states, your insurance company may make it compulsory to have a separate hurricane deductible if you reside in a region that's at high risk for hurricanes.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)


Does home insurance cover flood damage in New Jersey?

Flood damage — whether the byproduct of a rainstorm or a hurricane —is not covered by home insurance. To ensure your home is covered, acquire flood coverage from a private flood insurance company or through the National Flood Insurance Program (NFIP).

Coverage details from private insurance companies vary. If you purchase flood insurance through NFIP, you'll receive:

  • $250, 000 for your home’s structure
  • $100, 000 for your personal property

If the value of your property and home exceed these limits, consider purchasing a policy from a private company for additional protection.

Flood insurance is important in New Jersey, which paid out $26, 047, 065 in 2016 flood insurance claims, according to the Federal Emergency Management Agency.


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