Jersey City Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find affordable homeowners insurance in Jersey City


Home insurance should be a critical consideration for every homeowner. Fire, vandalism, theft, and wind damage are just a few of the perils for which homeowners insurance can protect your dwelling and other personal belongings. Given the relatively frequent occurrence of these incidents and the sizeable cost of replacing a home, a homeowners insurance policy is a solid investment.

The cost of home insurance coverage depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils like hail, frozen pipes, volcanoes, or fire, home insurance policies may be more expensive to account for the extra risk. Discover more about what your homeowners insurance policy covers.

If you want to find cheap homeowners insurance in Jersey City, start with looking around and comparing policies. Take a look at the summary below showing average homeowners insurance rates in Jersey City to begin your home insurance search with as much knowledge as possible. Remember: your homeowners insurance premiums may vary based on your coverage limits and other factors.


Jersey City, New Jersey, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Home insurance in Jersey City by insurance company

Jersey City homeowners insurance rates will vary depending on which insurance company you choose. The most inexpensive home insurance in Jersey City comes from New Jersey Skylands, which offers average annual rates of just $527 per year. This is more favorable than the city’s average homeowners premium of $1,067.

Below you'll find a list of the cheapest home insurance companies in Jersey City, New Jersey to help you begin your search.


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 costs in Jersey City by coverage level

The amount of home coverage you select has an impact on your insurance rates. In Jersey City, carrying $200K dwelling coverage costs an average of $756, while carrying additional coverage up to $400K costs $1,331/year.


HOMEOWNERS INSURANCE RATES IN JERSEY CITY — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$756
$400K Dwelling$1,331

Speak with a homeowners insurance expert

Jersey City home insurance prices by ZIP code

Depending on which part of Jersey City you live in, you could see vastly different home insurance costs. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, your home's location could have a huge impact in what you pay for homeowners coverage.

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. If you’re looking for the areas with the most affordable homeowners insurance rates in Jersey City, have a look at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN JERSEY CITY
ZIP CodeAverage Annual Home Insurance Rate
7302$1,043
7305$1,047
7306$1,050

Other areas of Jersey City, however, face homeowners rates that surpass the city average . Crime rates, fire risk, and even your how close you are to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. An average annual rate of $1,092 makes 7311 the most expensive ZIP code in Jersey City for homeowners insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN JERSEY CITY
ZIP CodeAverage Annual Home Insurance Rate
7311$1,092
7304$1,085
7307$1,084

Looking for a money-saving tip for insurance in Jersey City? Try bundling

One way to save on insurance costs is to think about bundling your homeowners and auto insurance policies through the same company. Bundling home and auto insurance is one way to save substantially on your monthly car insurance premiums. By bundling your policies, Jersey City homeowners could see annual savings of 15% on average.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN JERSEY CITY
CompanyAvg. Annual Auto Insurance Rate (Bundle)
American Family$993
Iowa Farm Bureau$1,096
Farmers$1,181
Nationwide$1,202
Progressive$1,339

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. Call 855-493-9728 to speak with an insurance expert today.


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