Home Insurance in Jersey City, NJ

How to find affordable homeowners insurance in Jersey City

One of the most important aspects of homeownership is home insurance. Homeowners insurance covers your dwelling against many perils, including wind damage, fire, and vandalism. Incidents like this occur often. When paired with the high cost of repairing or rebuilding a house, homeowners coverage is a prudent purchase. Homeowners insurance costs an average of $88 per month in Jersey City, New Jersey. This is below the national average.

The cost of home insurance is dependent on a number of factors. These include your dwelling's value, the value of your personal belongings, and the cost of the materials used to build your home. The location of your dwelling can also play a large role in how much you pay for home insurance. Some geographic areas are susceptible to perils such as hail, wildfires, pipe freezes, volcanoes, and other hazards. These perils can lead to more expensive homeowners insurance rates. Discover more information about what is covered by a homeowners insurance policy.

Finding affordable home insurance in Jersey City starts with shopping around and comparing policies. Check out the below summary of average Jersey City homeowners insurance premiums to ensure you start your search with as much background info as possible. Remember: your homeowners insurance costs may vary based on your coverage limits and other factors.

Table of contents:

1. Rates by insurer
2. Rates by coverage amount
3. Rates by ZIP code
4. Rates by deductible amount
5. Policy bundling savings

 

Jersey City home insurance by company

Homeowners insurance rates in Jersey City vary from one insurance company to another. New Jersey Skylands offers the most affordable home insurance in Jersey City, at just $527 per year. This compares favorably to the city’s average homeowners premium of $1,067.

To get started with your search for an insurance policy, take a look at this list of the cheapest home insurers in Jersey City, New Jersey. Then, see our guide listing the best homeowners insurance companies by customer satisfaction and other factors.

AFFORDABLE HOME INSURERS IN JERSEY CITY

Company	Average Annual Rate
New Jersey Skylands	$527
Cumberland Insurance Group	$627
Narragansett Bay	$635
State Farm	$811
New Jersey Manufacturers	$863

 

Jersey City homeowners insurance prices by coverage level

The amount of home coverage you select has an impact on your insurance premiums. In Jersey City, carrying $200K dwelling coverage costs an average of $756, while carrying additional coverage up to $400K costs $1,386/year.

POPULAR COVERAGE LIMITS IN JERSEY CITY

Coverage Level	Average Annual Rate
$100K Dwelling	$490
$200K Dwelling	$756
$250K Dwelling	$923
$400K Dwelling	$1,386

 

Jersey City home insurance rates by ZIP code

Depending on the part of Jersey City you live in, you could see vastly different home insurance costs. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

The cheapest home insurance rates in Jersey City are available in 7302. In 7302, the typical home insurance policy costs $1,043 per year — $24 less than the citywide average in Jersey City. The below table shows the best places to live in Jersey City if you’re looking for affordable homeowners insurance.

AFFORDABLE HOME INSURANCE AREAS IN JERSEY CITY

ZIP Code	Average Annual Home Insurance Rate
7302	$1,043
7305	$1,047
7306	$1,050

Some parts of Jersey City, however, have home insurance premiums that are higher on average. Crime rates, fire risk, and even your how close you are to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which could drive up the area's insurance costs. One of the costliest ZIP codes for home insurance in Jersey City is 7311, with an annual average rate of $1,092.

EXPENSIVE HOME INSURANCE AREAS IN JERSEY CITY

ZIP Code	Average Annual Home Insurance Rate
7311	$1,092
7304	$1,085
7307	$1,084

 

Jersey City homeowners insurance deductibles

One of the many decisions that you will make when purchasing a homeowners insurance policy is where to set your deductible. The deductible is the total dollar amount that the insured must contribute toward a covered loss. The deductible that you choose can impact your insurance rates directly.

When selecting a deductible, remember that the higher your deductible is, the lower your insurance rates will be. This means that those seeking lower insurance premiums will want to seriously consider a higher homeowners deductible. Bear in mind that your deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

Take a look at the standard deductibles offered by insurers and an estimate of your insurance costs.

HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN JERSEY CITY

Deductible Level	Average Annual Homeowners Insurance Rate
$500	$1,042
$1,000	$923
$1,500	$890
$2,000	$828
$5,000	$737

 

Home and auto insurance bundling in Jersey City

To save a little money, you might think about bundling your homeowners and auto insurance policies through the same company. Bundling your homeowners and auto insurance can be a good money-saving option. Bundling policies in Jersey City could, in fact, lead to average annual savings of 15%.

CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN JERSEY CITY

Company	Avg. Annual Auto Insurance Rate (With Bundle)
American Family	$993
Iowa Farm Bureau	$1,096
Farmers	$1,181
Nationwide	$1,202
Progressive	$1,339