Jersey City, NJ Homeowners Insurance

Find affordable homeowners insurance in Jersey City


One of the most important aspects of homeownership is home insurance. Along with your personal property, 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, purchasing homeowners coverage can seem like a great move.

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.


Jersey City, New Jersey, homeowners insurance — table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible level
  5. Policy bundling discounts

Home insurance in Jersey City 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 homeowners insurance policy search, take a look at this list of the cheapest companies in Jersey City, New Jersey.


AFFORDABLE HOME INSURANCE COMPANIES IN JERSEY CITY
CompanyAverage Annual Rate
New Jersey Skylands$527
Cumberland Insurance Group$627
Narragansett Bay$635
State Farm$811
New Jersey Manufacturers$863

Average homeowners insurance prices in Jersey City by coverage limit

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.


HOMEOWNERS INSURANCE RATES IN JERSEY CITY — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$490
$200K Dwelling$756
$250K Dwelling$923
$400K Dwelling$1,386

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Jersey City homeowners insurance prices 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 AREAS FOR HOMEOWNERS INSURANCE IN JERSEY CITY
ZIP CodeAverage 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 AREAS FOR HOMEOWNERS INSURANCE IN JERSEY CITY
ZIP CodeAverage Annual Home Insurance Rate
7311$1,092
7304$1,085
7307$1,084

Home insurance deductibles in Jersey City

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 approximation of average homeowners insurance costs.


HOMEOWNERS INSURANCE RATES BY DEDUCTIBLE IN JERSEY CITY
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,042
$1,000$923
$1,500$890
$2,000$828
$5,000$737

Money-saving tip: bundle home and auto insurance 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 WITH A POLICY BUNDLE IN JERSEY CITY
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
American Family$993
Iowa Farm Bureau$1,096
Farmers$1,181
Nationwide$1,202
Progressive$1,339

Bundling your homeowners and auto policies can be a great way to save some money on insurance.


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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a masters degree from Royal Holloway, University of London. He has been quoted by Kin Insurance, Safety.com, and autoinsuranceEZ.com.