Renters Insurance in New Jersey

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How to get cheap renters insurance in New Jersey


Renters insurance may be optional, but it's important. It helps to protect your belongings in the event your rental property sustains damage. A renters insurance policy protects your items against fire or smoke damage, a wind event, theft, vandalism, and an array of other common events.

Unlike car insurance, renters policies aren’t priced based on state-level legislation. Still, there are relatively large differences in renters insurance prices by state. Renters prices in a given state may vary depending on the value of — and frequency of — renters claims statewide, and depend on the value of the belongings you're insuring.

Getting renters insurance in New Jersey is cheaper than the national average. The average annual cost of renters insurance in New Jersey is $168, $16 less expensive than the average across America.

The best way to find a cheap renters insurance policy in New Jersey is to compare rates from as many companies as possible. Learn more about renters insurance costs in New Jersey by referencing the below tables. Remember: your rates will vary, depending on the value of your belongings and your coverage limits.


New Jersey renters insurance:

  1. By insurance company
  2. Rates by city
  3. Renters-and-auto bundling discounts
  4. Frequently asked questions

Renters insurance rates in New Jersey by insurance company

Renters insurance rates in New Jersey can vary depending on which insurer you select. Cumberland Insurance Group offers the cheapest renters policies in New Jersey, at just $107 annually. This compares favorably to the state mean rate of $168, providing a 36% price break on the state's average rate.

Start looking for cheap renters insurance by reviewing the best New Jersey insurance companies, listed below.


RENTERS INSURANCE RATES IN NEW JERSEY: BY COMPANY
CompanyAverage Annual Rate in New Jersey
Cumberland Insurance Group$106.99
Narragansett Bay$120.16
State Farm$125.27
Germantown$129.84
Preferred Insurance$138.82

New Jersey renters insurance prices by city

Renters insurance rates in New Jersey vary depending on the city. Pricing depends on local variables such as the number of local claims filed, giving your ZIP code weight in deciding how much you pay.

The cheapest renters insurance rates in New Jersey are available in Linden. The average renters insurance policy in Linden costs only $164 annually — $3 less than the average policy in other New Jersey cities. The below cities have the most affordable renters insurance in New Jersey.


AFFORDABLE RENTERS INSURANCE BY CITY IN NEW JERSEY
CityAverage 12-Month Renters Insurance Rate
Linden$164
Trenton$167
New Brunswick$167
Clifton$168
Fort Lee$168

Money-saving tip: bundle renters and auto insurance in New Jersey

To trim a few dollars from your insurance costs, consider purchasing your renters and auto policies from the same insurance company. A renters and auto insurance bundle in New Jersey can save you a substantial sum each month on your auto insurance policy. In fact, bundling policies in New Jersey leads to a yearly discount of $70.


RENTERS AND AUTO INSURANCE BUNDLING SAVINGS IN NEW JERSEY
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,671.15$1,600.78$70.374%


You can save money on insurance by bundling your renters and auto policies. Get started today!


Are you looking for renters insurance info for a specific city? Check out our listof major metropolitan areas in New Jersey.

  1. Jersey City
  2. Newark

New Jersey renters insurance FAQs


Is renters insurance mandatory in New Jersey?

New Jersey does not require renters insurance, and there is no state law that mandates it. However, it's almost always a requirement before you can rent a home from a landlord or property management company.

How do I get renters insurance in New Jersey?

There are numerous companies to choose from in New Jersey for renters insurance. To make it easy, consider adding a renters policy with the same insurance provider you get your car insurance policy from to get a discounted rate.