Best and cheapest homeowners insurance in New Jersey for 2024

Best home insurance companies in New Jersey: State Farm

The best home insurance company in New Jersey for 2024 is State Farm. Chubb, National General Insurance, and Farmers are among the top home insurance companies in New Jersey based on price, NAIC complaints, and AM Best financial ratings.

The total Insurance.com score is calculated out of five using these factors.

Best home insurance in New Jersey
Company	AM Best	NAIC complaint ratio	Insurance.com score	Average annual rate
State Farm	A++	0.83	4.21	$1,214
Chubb	A++	0.18	4.18	$1,189
National General Insurance	A+	0.92	2.97	$1,190
Farmers	A	0.67	2.64	$2,089

Cheapest home insurance companies in New Jersey: New Jersey Manufacturers

Below are New Jersey home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our analysis, you’ll see New Jersey Manufacturers has the most affordable rates for all five dwelling coverages.

Cheapest home insurance in New Jersey
Company	$200,000	$300,000	$400,000	$600,000	$1,000,000
New Jersey Manufacturers	$786	$966	$1,155	$1,534	$2,288
Chubb	$849	$1,189	$1,530	$2,235	$3,725
National General Insurance	$1,032	$1,190	$1,411	$1,852	$2,926
State Farm	$966	$1,214	$1,476	$2,001	$2,953
USAA*	$988	$1,270	$1,524	$1,996	$2,870
Franklin Mutual	$1,155	$1,410	$1,645	$2,084	$2,898
Heritage Insurance	$1,393	$1,792	$2,115	$2,738	$3,989
Farmers	$1,417	$2,089	$2,932	$3,687	$5,322
Plymouth Rock Assurance	$1,656	$2,199	$2,759	$4,428	$7,669

*USAA only provides coverage to military members, veterans, and their families.

Average home insurance cost in New Jersey

The average cost of homeowners insurance in New Jersey is $1,526 a year or $127 a month. This is based on coverage of:

$300,000 dwelling
$300,000 liability
$1,000 deductible
2% hurricane deductible

However, the average annual premium varies by the insurance company, your ZIP code, coverage type, and your home's age, among other factors. To get the best deal, it’s a good idea to compare quotes from different New Jersey homeowners insurance companies.

New Jersey home insurance rates by ZIP code

Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in New Jersey to see which areas are the most and least expensive.

Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.

Home insurance calculator

Average home insurance rates in Texas

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive

ZIP Code	City	Highest Rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

Least expensive

ZIP Code	City	Lowest Rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

Data refreshed as of Apr 2024

Read our full methodology

The most expensive ZIP codes in New Jersey for home insurance

New Jersey homeowners insurance rates are the most expensive for ZIP code 08203, with an average annual cost of $2,335.

The most expensive ZIP codes in New Jersey are:

ZIP code	Average annual rate
08203	$2,335
08406	$2,333
08402	$2,296
08401	$2,287
08403	$2,241
08008	$2,221

The least expensive ZIP codes in New Jersey for home insurance

The cheapest ZIP codes for home insurance in New Jersey are:

ZIP code	Average annual rate
08504	$1,181
08803	$1,190
08834	$1,197
07842	$1,207
07961	$1,211
07831	$1,212

Compare homeowners insurance rates by city in New Jersey

Home insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on home insurance for your specific city in New Jersey.

City	Annual insurance premium
Bayonne	$918
Camden	$1,042
Clifton	$906
East Orange	$1,052
Elizabeth	$950
Jersey City	$1,031
Newark	$1,044
Passaic	$994
Paterson	$980
Trenton	$974

Methodology

Insurance.com commissioned 2023 home insurance rates from Quadrant Data Services fielded across all New Jersey ZIP codes. Rates were fielded at multiple coverage levels with a deductible of $1,000.

Home insurance FAQs

Do I need flood insurance in New Jersey?

Flood insurance isn't part of a regular home insurance policy. Instead, homeowners need to buy a separate policy through the National Flood Insurance Program (NFIP) or a home insurer working with the NFIP. If you live in a high-risk area, your mortgage company may require you to buy flood insurance.

What can I do if I can't get homeowners insurance in New Jersey?

The New Jersey Underwriting Association offers the FAIR Plan for property owners who can't get home insurance elsewhere.

A FAIR Plan offers coverage similar to any home insurance policy. It protects against fire, lightning, explosion, vandalism, snow damage, and other perils. It also offers extended coverage for windstorms and hail coverage.

However, FAIR Plan coverage is typically more restrictive – and more expensive – than standard homeowners insurance.

Where do I get claims processing information or file a complaint?

The New Jersey Department of Banking and Insurance is the place to go if you need to file a complaint about a home insurance company.

You can also file an online complaint using a consumer complaint form. When you file a complaint, you'll need your insurance company's name, the policy number and claim number, if appropriate, and related documents, such as letters and photos and information about the issue.