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New Jersey homeowners insurance

By Posted : April 20, 2017

Home insurance: NJ

When shopping for New Jersey home insurance, you need to know how much coverage to buy, how to get the best price and what you can expect to pay. We’ll explain everything you need to know to do that. We outline average New Jersey homeowners insurance rates by coverage level, ZIP code and company. That means you can anticipate how much it will cost and won’t overpay for it. We also explain coverage for hazards that are common in the Garden State to ensure you have sufficient protection.

Let Insurance.com help you find affordable home insurance now.

Whether you’re a new homeowner buying insurance or you’re shopping your existing policy, it’s wise to know the home insurance basics about coverage.  For more information, check out the “Home Insurance Resources” articles on the left.

Home insurance: NJ rates by coverage level and deductible, ZIP code and company

  • Here we will provide information on:
  • Homeowners insurance: NJ rates for 75 coverage levels
  • What deductible and liability limits provide the cheapest New Jersey homeowners insurance?
  • New Jersey homeowners insurance rates by ZIP code
  • New Jersey home insurance rates by company
  • Who has the cheapest New Jersey home insurance?
  • Home insurance: New Jersey rates by company for six coverage levels
  • Best New Jersey home insurance companies
  • New Jersey home insurance FAQ

What is the average cost of home insurance in New Jersey?

New Jersey is the tenth cheapest state for home insurance. Its average rate is $711. That’s $517 less than the national average of $1,228 for the coverage level of:

  • $200,000 dwelling coverage
  • $1,000 deductible
  • $100,000 liability

 

Here are the basic components of a home insurance policy that you decide the coverage amount for:

  • dwelling
  • liability
  • medical payments

The limits of your coverage for the following are typically a set percentage of your dwelling coverage limit as shown below:

  • other structures – 10 percent
  • personal property – 50 percent
  • loss of use – 20 percent

You will also need to select a deductible, which is the amount you pay before your insurance kicks in. For example, if your home has $3,500 worth of damage, and you have a $500 deductible, you  pay the first $500 out of pocket before your insurance coverage kicks in for the rest ($3,000).

Some deductibles are based on dollar amounts, such as $500 or $1,000. Others are based on a percentage of your home's value. If your home is insured for $200,000 and your deductible is 2 percent, you will owe $4,000 before insurance coverage pays out.

You  choose a home insurance deductible amount, which applies to claims for damage to your home or belongings, but not if you’re sued or a medical claim is filed by someone injured in your home. Typically, deductible amounts are $500, $1,000, $1,500, $2,000 and $2,500.

 

Homeowners insurance: New Jersey rates for 75 coverage levels

When buying home insurance, you should insure your home based on its replacement cost. That’s the amount you need to rebuild it if damaged or destroyed, and not its market value, which is what you could sell your home for in its current condition. Replacement cost offers more protection because the cost of building a home often exceeds its market value.

When shopping for a policy, you will have to choose a “dwelling coverage” amount. You should select a dwelling coverage limit that best matches the cost to repair damage to your home or rebuild it completely at equal quality — at current prices. You can calculate your replacement cost by using online calculators or hiring an appraiser to give you a replacement cost valuation or by doing it yourself.

Here we show the average cost of New Jersey homeowners insurance for 75 coverage levels, based on a rate analysis by Insurance.com. Enter a dwelling coverage of $200,000, $300,000, $400,000, $500,000 or $600,000. You will see annual average rates based on five deductible amounts (from $500 to $2,500) for each liability limit of $100,000, $300,000 and $500,000.

Coverage levelAverage annual rate
$200,000 with $500 Deductible and $100,0000 Liability $779
$200,000 with $1,000 Deductible and $100,000 Liability $711
$200,000 with $1,500 Deductible and $100,000 Liability $681
$200,000 with $2,000 Deductible and $100,000 Liability $656
$200,000 with $2,500 Deductible and $100,000 Liability $642
$200,000 with $500 Deductible and $300,000 Liability $804
$200,000 with $1,000 Deductible and $300,000 Liability $737
$200,000 with $1,500 Deductible and $300,000 Liability $706
$200,000 with $2,000 Deductible and $300,000 Liability $681
$200,000 with $2,500 Deductible and $300,000 Liability $667
$200,000 with $500 Deductible and $500,000 Liability $821
$200,000 with $1,000 Deductible and $500,000 Liability $753
$200,000 with $1,500 Deductible and $500,000 Liability $723
$200,000 with $2,000 Deductible and $500,000 Liability $698
$200,000 with $2,500 Deductible and $500,000 Liability $683
$300,000 with $500 Deductible and $100,000 Liability $1,080
$300,000 with $1,000 Deductible and $100,000 Liability $984
$300,000 with $1,500 Deductible and $100,000 Liability $943
$300,000 with 2$,000 Deductible and $100,000 Liability $906
$300,000 with $2,500 Deductible and $100,000 Liability $891
$300,000 with $500 Deductible and $300,000 Liability $1,108
$300,000 with $1,000 Deductible and $300,000 Liability $1,012
$300,000 with $1,500 Deductible and $300,000 Liability $971
$300,000 with $2,000 Deductible and $300,000 Liability $933
$300,000 with $2,500 Deductible and $300,000 Liability $918
$300,000 with $500 Deductible and $500,000 Liability $1,127
$300,000 with $1,000 Deductible and $500,000 Liability $1,030
$300,000 with $1,500 Deductible and $500,000 Liability $989
$300,000 with $2,000 Deductible and $500,000 Liability $951
$300,000 with $2,500 Deductible and $500,000 Liability $936
$400,000 with $500 Deductible and $100,000 Liability $1,400
$400,000 with 1000 Deductible and $100,000 Liability $1,269
$400,000 with $1,500 Deductible and $100,000 Liability $1,217
$400,000 with 2000 Deductible and $100,000 Liability $1,170
$400,000 with $2,500 Deductible and $100,000 Liability $1,142
$400,000 with $500 Deductible and $300,000 Liability $1,430
$400,000 with $1,000 Deductible and $300,000 Liability $1,298
$400,000 with $1,500 Deductible and $300,000 Liability $1,246
$400,000 with $2,000 Deductible and $300,000 Liability $1,199
$400,000 with $2,500 Deductible and $300,000 Liability $1,171
$400,000 with $500 Deductible and $500,000 Liability $1,451
$400,000 with $1,000 Deductible and $500,000 Liability $1,319
$400,000 with $1,500 Deductible and $500,000 Liability $1,267
$400,000 with $2,000 Deductible and $500,000 Liability $1,219
$400,000 with $2,500 Deductible and $500,000 Liability $1,191
$500,000 with $500 Deductible and $100,000 Liability $1,734
$500,000 with $1,000 Deductible and $100,000 Liability $1,580
$500,000 with $1,500 Deductible and $100,000 Liability $1,523
$500,000 with $2,000 Deductible and $100,000 Liability $1,467
$500,000 with $2,500 Deductible and $100,000 Liability $1,433
$500,000 with $500 Deductible and $300,000 Liability $1,765
$500,000 with $1,000 Deductible and $300,000 Liability $1,610
$500,000 with $1,500 Deductible and $300,000 Liability $1,553
$500,000 with $2,000 Deductible and $300,000 Liability $1,497
$500,000 with $2,500 Deductible and $300,000 Liability $1,463
$500,000 with $500 Deductible and $500,000 Liability $1,788
$500,000 with $1,000 Deductible and $500,000 Liability $1,632
$500,000 with $1,500 Deductible and $500,000 Liability $1,574
$500,000 with $2,000 Deductible and $500,000 Liability $1,518
$500,000 with $2,500 Deductible and $500,000 Liability $1,484
$600,000 with $500 Deductible and $100,000 Liability $2,070
$600,000 with $1,000 Deductible and $100,000 Liability $1,899
$600,000 with $1,500 Deductible and $100,000 Liability $1,828
$600,000 with $2,000 Deductible and $100,000 Liability $1,759
$600,000 with $2,500 Deductible and $100,000 Liability $1,720
$600,000 with $500 Deductible and $300,000 Liability $2,102
$600,000 with $1,000 Deductible and $300,000 Liability $1,931
$600,000 with $1,500 Deductible and $300,000 Liability $1,860
$600,000 with $2,000 Deductible and $300,000 Liability $1,790
$600,000 with $2,500 Deductible and $300,000 Liability $1,751
$600,000 with $500 Deductible and $500,000 Liability $2,126
$600,000 with $1,000 Deductible and $500,000 Liability $1,954
$600,000 with $1,500 Deductible and $500,000 Liability $1,883
$600,000 with $2,000 Deductible and $500,000 Liability $1,812
$600,000 with $2,500 Deductible and $500,000 Liability $1,773

 

What deductible and liability limits give you the cheapest New Jersey homeowners insurance?

Let’s take a closer look at the average New Jersey homeowners insurance rates by coverage level. As you’ll see in the chart above, the cheapest New Jersey home insurance rates are those with the highest deductible amount and lowest liability limit. Let’s look just at dwelling coverage of $200,000 as an example, outlined below. The premium with the highest deductible ($2,500) and lowest liability limit ($100,000) is $642. That’s $137 less than the same policy with a $500 deductible.

$200,000 dwelling/$100,000 liability

Rate

$2,500 Deductible

$642

$2,000 Deductible

$656

$1,500 Deductible

$681

$1,000 Deductible

$711

$500 Deductible

$779

 

New Jersey homeowners insurance rates by ZIP code

ZIP codes in Atlantic City, Normandy Beach, South Seaville and Newark are among the most expensive places to insure a home in New Jersey. Insurance.com analyzed home insurance rates from major insurance companies for nearly every ZIP code in New Jersey.

For $200,000 dwelling coverage with a $1,000 deductible and $100,000 liability limits, the average rate of $1,431 in Atlantic City ZIP code 08405 is the highest in the state. Basking Ridge ZIP code 07920 is the cheapest at $485.

By entering your ZIP code in the search box at the top of the table below, you’ll see the average home insurance rate for that area, as well as the highest and lowest premium fielded from major insurers. This will give you an idea of how much you can save by comparing home insurance rates. For example, the highest rate ($2,324) for most Newark ZIP codes is $1,750 more than the lowest ($574). That means you can save nearly $1,800 just by comparing rates and shopping around. Rates shown are average yearly for $200,000 dwelling coverage with a $1,000 deductible and $100,000 liability limits.

ZIP codeCityAverage annual rateHighest rateLowest rate
08405 Atlantic City $1,431 $2,324 $998
08739 Normandy Beach $1,355 $2,324 $957
08246 South Seaville $1,334 $2,324 $998
08214 Dennisville $1,316 $2,324 $929
07715 Belmar $1,304 $2,324 $805
07764 Eatontown $1,273 $2,324 $805
08213 Cologne $1,264 $2,324 $790
07304 Jersey City $1,230 $2,324 $558
07709 Allenhurst $1,227 $2,324 $779
07175 Newark $1,210 $2,324 $574
07184 Newark $1,210 $2,324 $574
07188 Newark $1,210 $2,324 $574
07189 Newark $1,210 $2,324 $574
07191 Newark $1,210 $2,324 $574
07192 Newark $1,210 $2,324 $574
07193 Newark $1,210 $2,324 $574
07195 Newark $1,210 $2,324 $574
07198 Newark $1,210 $2,324 $574
07199 Newark $1,210 $2,324 $574
07097 Jersey City $1,207 $2,324 $558
07399 Jersey City $1,206 $2,324 $558
07752 Navesink $1,194 $2,324 $709
08401 Absecon $1,191 $1,403 $1,013
08402 Longport $1,180 $1,323 $1,013
07710 Adelphia $1,173 $2,324 $709
08406 Atlantic City $1,172 $1,324 $1,013
08403 Longport $1,155 $1,323 $998
08752 Seaside Heights $1,133 $1,388 $957
08203 Atlantic City $1,129 $1,261 $998
07099 Kearny $1,116 $2,324 $558
08753 Brick Township $1,108 $1,388 $957
08005 Barnegat $1,107 $1,385 $957
08225 Linwood $1,103 $1,203 $1,013
08247 Avalon $1,103 $1,244 $998
08232 Absecon $1,102 $1,289 $1,013
08645 Trenton $1,094 $2,324 $552
08646 Trenton $1,094 $2,324 $552
08647 Trenton $1,094 $2,324 $552
08260 North Wildwood $1,092 $1,256 $998
08758 Waretown $1,087 $1,302 $957
07875 Stillwater $1,084 $2,324 $471
07877 Swartswood $1,084 $2,324 $471
08201 Absecon $1,082 $1,240 $987
08751 Lavallette $1,081 $1,177 $957
08666 Trenton $1,080 $2,324 $552
08695 Trenton $1,080 $2,324 $552
08226 Ocean City $1,077 $1,196 $998
08202 Avalon $1,076 $1,155 $998
08242 Erma $1,068 $1,188 $998
08738 Bay Head $1,067 $1,175 $957
07756 Asbury Park $1,066 $1,321 $805
07699 Teterboro $1,064 $2,324 $576
07711 Allenhurst $1,062 $1,305 $805
08248 $1,059 $1,227 $998
07890 Branchville $1,058 $2,324 $471
07723 Deal $1,057 $1,285 $805
08221 Linwood $1,056 $1,206 $987
08205 Absecon $1,054 $1,245 $939
08223 Marmora $1,052 $1,196 $998
08230 Ocean View $1,052 $1,196 $998
07740 Deal $1,048 $1,250 $805
08008 Barnegat Light $1,045 $1,225 $957
08735 Brick Township $1,044 $1,173 $957
08905 New Brunswick $1,044 $2,324 $552
08933 New Brunswick $1,044 $2,324 $552
08989 New Brunswick $1,044 $2,324 $552
08740 $1,041 $1,245 $732
08243 Sea Isle City $1,038 $1,188 $951
08210 Cape May Court House $1,037 $1,164 $974
08885 Stanton $1,037 $2,324 $471
07750 Long Branch $1,035 $1,197 $805
07720 Avon By The Sea $1,034 $1,192 $805
07717 Avon By The Sea $1,032 $1,283 $805
07755 Deal $1,031 $1,218 $805
08742 Bay Head $1,029 $1,206 $866
07820 Allamuchy $1,029 $2,324 $471
07880 Vienna $1,029 $2,324 $471
07732 Fort Hancock $1,023 $1,249 $805
07844 Hope $1,021 $2,324 $471
08808 Broadway $1,021 $2,324 $471
07716 Atlantic Highlands $1,017 $1,222 $805
08087 Little Egg Harbor Township $1,014 $1,196 $906
08204 Cape May $1,014 $1,137 $906
08730 Brielle $1,011 $1,286 $805
08557 Sergeantsville $1,008 $2,324 $471
08870 Readington $1,008 $2,324 $471
07760 Fair Haven $1,006 $1,181 $805
07762 Belmar $1,002 $1,162 $805
07938 Liberty Corner $1,002 $2,324 $473
07719 Avon By The Sea $1,000 $1,242 $805
08541 Princeton $997 $2,324 $425
08504 Blawenburg $990 $2,324 $473
07757 Eatontown $985 $1,224 $805
08750 Manasquan $981 $1,164 $805
08736 Brielle $980 $1,160 $805
07926 Brookside $977 $2,324 $423
08734 Forked River $976 $1,088 $811
07704 Fair Haven $949 $1,219 $805
07735 Cliffwood Beach $918 $1,088 $781
08251 Del Haven $913 $1,013 $754
08721 Bayville $911 $1,100 $589
07712 Allenhurst $909 $1,088 $742
07734 Keansburg $906 $1,100 $630
07737 Atlantic Highlands $901 $1,088 $761
08244 Linwood $899 $1,018 $576
07758 Belford $898 $1,088 $700
08731 Forked River $897 $1,049 $584
08234 Egg Harbor Township $890 $1,018 $633
08330 Estell Manor $880 $1,108 $591
08741 Beachwood $875 $998 $722
07718 Belford $874 $1,088 $651
08319 Estell Manor $866 $1,164 $480
08241 Port Republic $865 $1,018 $576
07730 Keansburg $856 $1,049 $659
08037 Batsto $856 $1,056 $546
07739 Fair Haven $855 $912 $805
08346 Folsom $846 $1,108 $456
07753 Asbury Park $846 $1,088 $492
07306 Jersey City $844 $1,275 $552
08723 Brick Township $843 $999 $418
07748 Keansburg $840 $999 $644
08350 Richland $840 $960 $635
08050 Beach Haven West $840 $999 $404
07724 Eatontown $834 $912 $761
08360 Buena $831 $960 $599
07721 Cliffwood $828 $1,002 $507
08340 Milmay $828 $1,007 $482
08317 Dorothy $827 $1,007 $480
07103 East Orange $827 $1,213 $546
08270 Corbin City $823 $922 $576
08722 Beachwood $822 $957 $599
08327 Leesburg $820 $1,050 $594
08724 Brick Township $820 $998 $459
08310 Buena $820 $960 $497
08092 Beach Haven West $816 $998 $401
08344 Buena $816 $960 $537
07105 Newark $815 $1,103 $574
08757 Beachwood $814 $1,049 $455
08085 Beckett $813 $1,171 $594
08341 Buena $812 $960 $523
08014 Bridgeport $811 $1,171 $594
07702 Eatontown $810 $912 $662
07114 Newark $807 $1,050 $574
07703 Eatontown $804 $912 $640
07102 Newark $803 $1,157 $493
08314 Delmont $798 $1,000 $594
08349 Port Norris $798 $1,050 $594
08326 Buena $798 $960 $410
08043 Cherry Hill $797 $1,089 $594
08019 Chatsworth $791 $1,050 $594
07302 Jersey City $786 $1,050 $548
08324 Heislerville $786 $1,050 $594
07311 Jersey City $781 $1,050 $527
08311 Cedarville $781 $1,050 $594
08720 Allenwood $778 $879 $656
07733 Lincroft $777 $912 $488
08046 Edgewater Park $777 $954 $594
07738 Lincroft $775 $902 $600
07112 Irvington $774 $956 $574
07111 Irvington $773 $956 $574
07701 Fair Haven $772 $902 $589
08345 Newport $771 $1,103 $517
08224 New Gretna $771 $988 $594
08328 Malaga $770 $1,012 $594
07747 Keyport $770 $912 $460
08332 Millville $769 $1,000 $594
07104 Belleville $769 $931 $574
07106 East Orange $768 $956 $546
07107 Belleville $766 $956 $574
08089 Chesilhurst $766 $1,089 $511
07722 Lincroft $765 $902 $560
07108 Irvington $762 $956 $574
08701 Brick Township $762 $957 $517
08215 Egg Harbor City $760 $922 $428
08012 Blackwood $755 $896 $594
08027 Gibbstown $755 $1,116 $496
08110 Camden $754 $941 $594
08080 Glassboro $753 $965 $594
08091 Berlin $752 $988 $557
08003 Cherry Hill $752 $941 $594
08323 $748 $952 $594
08081 Pine Hill $747 $988 $593
07018 East Orange $746 $956 $546
08322 Clayton $746 $965 $594
07050 East Orange $743 $956 $538
07086 Weehawken $741 $868 $558
07087 Hoboken $741 $868 $558
08755 Holiday City South $741 $999 $440
07307 Hoboken $741 $956 $558
08094 Clayton $739 $1,012 $536
08004 Atco $737 $988 $553
08056 Mickleton $736 $1,012 $526
08009 Berlin $736 $988 $548
07017 Bloomfield $735 $956 $490
08088 Leisuretowne $735 $910 $568
08348 Port Elizabeth $734 $1,000 $472
08026 Gibbsboro $733 $988 $537
08021 Berlin $732 $896 $594
08034 Cherry Hill $730 $1,036 $475
08028 Clayton $726 $965 $530
08312 Clayton $725 $965 $526
08071 Glassboro $723 $965 $521
07513 Paterson $722 $989 $492
07030 Hoboken $721 $910 $548
08302 Alloway $721 $867 $594
08109 Camden $720 $941 $566
08343 Clayton $716 $1,012 $446
08061 Mount Royal $716 $875 $580
07504 Paterson $715 $989 $466
07514 Paterson $713 $989 $496
08041 Fort Dix $712 $910 $476
08108 Camden $712 $941 $534
07029 East Newark $712 $956 $466
07040 Irvington $712 $931 $555
08105 Camden $710 $780 $594
08016 Burlington $709 $954 $475
08015 Brown Mills $708 $869 $543
07002 Bayonne $707 $868 $533
07505 Paterson $706 $989 $387
08010 Beverly $706 $954 $463
08084 Hi-Nella $706 $813 $594
08054 Maple Shade $705 $867 $546
08090 Oak Valley $704 $875 $535
08361 Vineland $704 $907 $502
07032 Harrison $704 $956 $489
08879 Laurence Harbor $703 $860 $552
08562 Fort Dix $703 $869 $563
08051 Mantua $702 $875 $526
07109 Belleville $702 $931 $574
07305 Bayonne $701 $868 $552
07728 East Freehold $701 $793 $554
08002 Cherry Hill $701 $896 $500
07094 Jersey City $700 $989 $467
08065 Cinnaminson $699 $813 $594
07052 Livingston $699 $931 $465
08020 Clarksboro $699 $875 $514
08063 National Park $699 $875 $514
08511 Cookstown $699 $910 $423
08032 Grenloch $697 $833 $549
08086 National Park $697 $875 $507
08053 Marlton $697 $824 $556
08007 Barrington $696 $813 $594
07510 Paterson $695 $933 $398
08067 Carneys Point $694 $956 $414
08049 Barrington $694 $813 $555
08098 Alloway $694 $956 $412
08036 Hainesport $694 $824 $543
08066 Gibbstown $693 $833 $533
07746 East Freehold $693 $793 $521
08069 Carneys Point $693 $910 $453
08029 Glendora $692 $813 $585
07799 Eatontown $692 $912 $492
07201 Elizabeth $690 $859 $528
08068 Fort Dix $690 $869 $548
08096 Blackwood Terrace $690 $813 $558
08057 Cinnaminson $690 $867 $485
08045 Barrington $688 $813 $531
08097 Oak Valley $687 $875 $467
08055 Medford Lakes $687 $813 $590
08048 Lumberton Township $685 $824 $510
08077 Cinnaminson $685 $813 $548
07047 Guttenberg $684 $868 $558
08083 Hi-Nella $684 $813 $515
08093 Westville $683 $813 $527
08107 Audubon $682 $813 $506
08075 Beverly $681 $813 $531
07731 Howell $681 $793 $441
08103 Camden $679 $780 $594
08060 Eastampton Township $678 $824 $480
08078 Barrington $678 $813 $526
08106 Audubon $677 $813 $489
07310 Hoboken $676 $868 $527
08030 Bellmawr $676 $813 $555
08062 Glassboro $676 $833 $462
08035 Audubon $675 $813 $481
08052 Cinnaminson $674 $824 $466
07751 Matawan $674 $793 $482
08759 Cedar Glen Lakes $674 $793 $387
08042 Juliustown $672 $869 $476
08518 Florence-Roebling $671 $813 $525
08514 Cream Ridge $670 $793 $466
08526 Imlaystown $670 $793 $466
08859 Madison Park $670 $860 $552
08059 Audubon Park $669 $813 $528
08318 Alloway $669 $826 $443
08022 Columbus $667 $869 $421
07110 Belleville $667 $931 $481
07727 Farmingdale $666 $793 $416
08102 Camden $665 $780 $559
08554 Florence-Roebling $665 $813 $503
08070 Carneys Point $665 $867 $385
08031 Barrington $664 $813 $509
08861 Fords $664 $860 $552
07205 Elizabeth $664 $821 $528
08733 Cedar Glen West $662 $793 $414
08104 Camden $662 $780 $579
07003 Belleville $662 $931 $460
08832 Edison $662 $860 $552
07079 Maplewood $661 $875 $490
07041 Maplewood $658 $931 $461
08033 Audubon $658 $813 $446
08533 New Egypt $656 $793 $423
08510 Clarksburg $654 $793 $466
07020 Cliffside Park $653 $739 $576
08640 Brown Mills $652 $869 $361
07021 Caldwell $652 $931 $490
07093 Guttenberg $652 $868 $467
07501 Clifton $650 $839 $424
07522 Haledon $648 $839 $473
08527 Cedar Glen West $648 $793 $480
07524 Hawthorne $646 $769 $486
08641 Fort Dix $644 $869 $361
07428 Mc Afee $643 $856 $430
08505 Bordentown $640 $813 $403
08535 Perrineville $640 $737 $466
07421 Hewitt $640 $808 $414
07632 Englewood $639 $749 $521
07874 Hopatcong $639 $814 $471
07039 Livingston $639 $931 $453
07042 Glen Ridge $639 $931 $453
08611 Trenton $638 $780 $454
07028 Bloomfield $636 $931 $443
07068 Essex Fells $636 $931 $443
08515 Crosswicks $636 $813 $423
08608 Trenton $636 $780 $434
08079 Alloway $635 $813 $382
08610 Trenton $635 $836 $424
07006 Caldwell $634 $931 $434
07422 Highland Lake $633 $855 $406
07206 Elizabeth $632 $745 $514
07502 Haledon $630 $769 $435
07044 Cedar Grove $629 $931 $413
07462 Highland Lake $629 $814 $430
07078 Livingston $629 $931 $473
07010 Cliffside Park $628 $739 $482
07843 Hopatcong $628 $814 $426
07009 Cedar Grove $627 $931 $466
07043 Bloomfield $627 $931 $466
07503 Clifton $624 $749 $467
07407 Elmwood Park $623 $786 $391
08872 Edison $623 $860 $433
07666 Bergenfield $621 $739 $481
07202 Elizabeth $619 $779 $429
07008 Avenel $619 $741 $552
07670 Alpine $619 $739 $475
07850 Landing $618 $814 $471
07851 Layton $618 $800 $423
07512 Haledon $615 $769 $374
07480 Bloomingdale $614 $770 $407
07726 Clearbrook Park $614 $747 $417
07605 Englewood $614 $749 $418
07004 Fairfield $613 $875 $406
07077 Perth Amboy $613 $860 $455
07881 Wallpack Center $611 $800 $398
07057 Carlstadt $611 $739 $415
08629 Trenton $611 $780 $416
07074 Carlstadt $610 $739 $410
08501 Allentown $610 $793 $351
07063 North Plainfield $608 $740 $458
07072 Carlstadt $608 $714 $459
07626 Alpine $607 $739 $523
07026 Elmwood Park $606 $739 $396
07604 Hackensack $605 $739 $423
07662 Lodi $605 $739 $423
07418 Glenwood $604 $800 $441
07438 Oak Ridge $604 $769 $413
07001 Avenel $603 $741 $535
07506 Hawthorne $603 $769 $426
07024 Cliffside Park $602 $739 $414
07620 Closter $602 $739 $474
07663 Elmwood Park $602 $749 $345
07055 Clifton $602 $769 $508
07603 Bogota $602 $739 $439
07826 Branchville $601 $800 $358
07631 Englewood $600 $739 $465
07601 Bogota $600 $739 $494
08863 Edison $600 $741 $519
07095 Avenel $599 $741 $519
07419 Franklin $599 $800 $385
08609 Mercerville-Hamilton $599 $704 $482
07608 Hasbrouck Heights $598 $739 $398
07657 Cliffside Park $598 $739 $428
07860 Andover $598 $800 $379
07643 Hackensack $597 $739 $394
07022 Cliffside Park $597 $739 $425
07460 Franklin $595 $800 $406
07647 Alpine $595 $739 $506
07849 Lake Hopatcong $595 $776 $455
08618 Ewing $595 $704 $469
07857 Netcong $594 $814 $412
07607 Hackensack $594 $739 $379
07014 Clifton $593 $769 $357
07064 Avenel $593 $741 $466
07644 Garfield $593 $739 $440
07508 Haledon $592 $714 $375
07070 East Rutherford $592 $739 $405
07071 Lyndhurst $592 $739 $433
07456 Bloomingdale $591 $713 $384
07203 Cranford $591 $741 $446
07606 Hackensack $591 $739 $399
07660 Bogota $590 $739 $358
07648 Alpine $589 $739 $452
07461 Sussex $589 $800 $379
08812 Dunellen $589 $741 $414
07208 Elizabeth $588 $741 $437
07650 Fort Lee $588 $739 $389
08857 East Brunswick $588 $741 $412
07075 Carlstadt $588 $739 $448
07856 Mount Arlington $588 $814 $386
07821 Allamuchy-Panther Va $587 $814 $385
70624 Alpine $587 $739 $472
08854 Dunellen $587 $741 $343
07011 Clifton $585 $769 $387
07630 Closter $585 $739 $374
07646 Bergenfield $585 $739 $405
07012 Clifton $585 $769 $354
07073 Carlstadt $583 $739 $370
07416 Franklin $583 $800 $358
07827 Branchville $582 $800 $387
07676 Township Of Washington $582 $739 $423
07677 Westwood $582 $739 $392
07848 $582 $800 $415
08620 Trenton $581 $780 $361
07036 Carteret $581 $741 $379
07058 East Hanover $581 $740 $432
07661 Hackensack $580 $739 $358
08904 Edison $580 $741 $439
07034 Lake Hiawatha $579 $740 $426
07435 Newfoundland $579 $713 $335
08884 East Brunswick $579 $741 $464
07628 Bergenfield $578 $739 $463
08882 East Brunswick $578 $741 $434
07465 Bloomingdale $578 $713 $332
07204 Cranford $578 $741 $455
07627 Alpine $577 $739 $433
07652 Fair Lawn $577 $739 $433
07420 Bloomingdale $576 $713 $358
08638 Ewing $576 $704 $393
08846 Dunellen $575 $685 $387
07403 Bloomingdale $575 $713 $321
07054 East Hanover $573 $740 $401
07645 Montvale $573 $739 $356
70822 Augusta $572 $800 $376
07410 Elmwood Park $571 $739 $382
08830 Avenel $571 $741 $435
07060 North Plainfield $571 $671 $433
08525 Hopewell $571 $712 $410
08560 Ewing $570 $656 $433
07649 Dumont $570 $739 $345
07621 Bergenfield $569 $739 $425
07045 Boonton $568 $679 $452
08837 Edison $568 $741 $423
07065 Clark $568 $741 $470
07871 Hopatcong $568 $800 $393
07013 Clifton $568 $769 $397
07470 Haledon $567 $769 $395
07675 Emerson $566 $739 $414
07828 Budd Lake $566 $740 $374
07885 Dover $565 $735 $384
07424 Clifton $565 $769 $385
07405 Butler $564 $735 $410
08817 Edison $564 $741 $406
08820 Colonia $563 $741 $374
08840 Edison $563 $741 $373
07981 East Hanover $563 $740 $384
07495 Mahwah $562 $739 $398
07439 Franklin $562 $800 $368
07852 Ledgewood $562 $740 $356
07481 Allendale $561 $739 $395
07656 Hillsdale $561 $739 $340
08886 Stewartsville $561 $740 $352
07088 Union $559 $685 $377
08852 Dayton $559 $741 $386
08828 East Brunswick $559 $741 $385
07642 Hillsdale $558 $683 $384
07031 Lyndhurst $558 $683 $434
08831 Concordia $557 $741 $403
07083 Elizabeth $557 $685 $428
07067 Avenel $556 $741 $398
07457 Butler $556 $679 $403
08628 Ewing $556 $656 $376
08899 Edison $556 $685 $429
07641 Closter $555 $739 $371
07847 Kenvil $555 $735 $375
07033 Cranford $555 $741 $363
07463 Allendale $555 $739 $423
07836 Budd Lake $555 $704 $387
08850 East Brunswick $555 $741 $368
08816 East Brunswick $554 $741 $367
08512 Clearbrook Park $554 $741 $365
07092 Berkeley Heights $554 $741 $381
07876 Succasunna $553 $704 $381
07442 Bloomingdale $553 $713 $368
08810 Dayton $552 $741 $383
07436 Franklin Lakes $552 $739 $358
07035 Kinnelon $552 $679 $471
08805 Bound Brook $552 $704 $374
08865 Alpha $551 $704 $351
07640 Closter $551 $739 $353
08536 $551 $741 $353
08824 Heathcote $551 $685 $379
07080 Edison $550 $741 $321
07974 Berkeley Heights $550 $741 $424
08873 Manville $550 $712 $374
08901 East Brunswick $550 $741 $319
07423 Ho-Ho-Kus $549 $739 $376
07458 Allendale $549 $739 $376
07062 Fanwood $548 $741 $367
07452 Fair Lawn $548 $739 $342
07832 Columbia $546 $679 $394
08619 Mercerville $545 $656 $363
08804 Bloomsbury $545 $656 $411
08835 Manville $544 $704 $344
07936 East Hanover $544 $656 $408
08648 Ewing $543 $656 $382
07417 Franklin Lakes $543 $683 $346
07825 Belvidere $543 $679 $412
07846 Johnsonburg $543 $679 $412
08534 Pennington $541 $656 $376
08550 Princeton Junction $541 $656 $349
07401 Allendale $541 $739 $369
07946 Millington $541 $679 $423
07082 Kinnelon $540 $679 $430
07840 Allamuchy-Panther Va $540 $679 $371
08876 Manville $540 $656 $392
07882 Brass Castle $540 $679 $402
08823 Franklin Park $540 $712 $367
07432 Midland Park $539 $739 $359
07090 Clark $538 $741 $327
07440 Lincoln Park $538 $735 $391
07803 Dover $538 $679 $392
07446 Allendale $537 $739 $353
08540 Heathcote $537 $685 $354
07081 Kenilworth $537 $685 $376
07450 Glen Rock $536 $739 $376
8902 East Brunswick $536 $685 $319
07865 Beattyestown $535 $679 $410
07066 Clark $535 $741 $337
07934 Gladstone $535 $656 $402
07977 Peapack $535 $656 $402
08520 Hightstown $534 $656 $376
07444 Kinnelon $534 $679 $456
07016 Clark $534 $685 $365
08880 Bound Brook $534 $671 $334
08853 Neshanic Station $533 $671 $332
07823 Belvidere $533 $679 $373
07838 Belvidere $533 $679 $400
08528 Kingston $533 $656 $421
07806 Dover $532 $679 $398
07901 Berkeley Heights $532 $741 $377
07999 Whippany $532 $679 $398
07430 Allendale $532 $683 $415
08844 Hillsborough $532 $656 $359
07863 Oxford $532 $679 $395
07976 New Vernon $529 $656 $423
08690 Hamilton Square $529 $656 $353
07927 Cedar Knolls $528 $656 $404
08807 Manville $527 $671 $308
08556 Rosemont $527 $656 $399
08802 Asbury $527 $656 $399
08869 Raritan $525 $671 $301
08887 Flemington $525 $656 $391
07076 Berkeley Heights $525 $741 $346
07980 Stirling $525 $712 $423
07069 Plainfield $524 $712 $357
08544 Princeton $524 $712 $404
08530 Lambertville $523 $656 $385
08551 Ringoes $523 $656 $358
08867 Clinton $523 $656 $357
07027 Cranford $522 $685 $343
08691 Allentown $522 $656 $350
07023 Fanwood $521 $685 $339
07921 Far Hills $520 $712 $361
08825 Frenchtown $519 $656 $339
07866 Kinnelon $518 $679 $370
08809 Annandale $518 $656 $393
08822 Flemington $518 $656 $305
07046 Boonton $518 $679 $391
08826 Glen Gardner $518 $656 $362
08836 Martinsville $518 $712 $332
07005 Boonton $516 $679 $384
08827 Glen Gardner $516 $656 $383
07801 Dover $515 $679 $356
08848 Milford $513 $656 $318
08889 White House Station $513 $656 $345
07922 Berkeley Heights $513 $685 $332
07928 Chatham $511 $712 $378
07950 Greystone Park $511 $656 $386
08858 Oldwick $511 $712 $330
07933 Gillette $510 $656 $423
07935 Green Village $510 $712 $375
07930 Chester $510 $656 $379
07834 Mountain Lakes $509 $679 $356
07853 Long Valley $509 $656 $376
07878 Mount Tabor $509 $679 $356
08502 Belle Mead $509 $656 $298
08559 Ringoes $508 $656 $322
07830 Califon $507 $656 $347
07979 Pottersville $507 $656 $347
07960 East Hanover $507 $656 $394
07945 Mendham $506 $656 $337
07932 Chatham $505 $656 $388
07931 Bernardsville $505 $656 $356
08542 Princeton $505 $712 $351
08829 Annandale $505 $656 $338
08801 Annandale $502 $656 $326
07059 Watchung $501 $656 $297
07924 Bernardsville $501 $656 $368
08558 Skillman $500 $656 $365
07940 Chatham $499 $656 $413
07939 Basking Ridge $498 $656 $359
08553 Rocky Hill $498 $656 $332
07869 Dover $497 $656 $308
08833 Annandale $497 $656 $330
07920 Basking Ridge $485 $656 $304

New Jersey home insurance rates by company

It's crucial to shop around for the best home insurance rate, because prices for the same coverage vary by hundreds of dollars. If you don’t compare rates, you could wind up overpaying.

Many factors influence the price you pay for insurance. Among others, the Insurance Information Institute (III) cites the following:

  • Your home's square footage
  • Building costs in your area, and your own home's construction, materials and features
  • Local crime rates
  • The likelihood of certain types of disasters, such as hurricanes

So, shop around for the right policy. III suggests getting at least three price quotes when shopping for coverage, and says that doing so can save you up to hundreds of dollars annually.

Although New Jersey home insurance costs can be expensive, it's a mistake to cut corners in an attempt to save. III recommends that you get enough insurance to cover the costs to:

  • Repair or replace the structure of your home and personal possessions
  • Defend yourself against liability costs if someone is hurt on your property
  • Pay for a temporary place to live while your home is repaired or replaced

Who has the cheapest New Jersey home insurance?

Here are home insurance rates by company for six coverage sets. Based on our rate analysis, you’ll see Chubb is the cheapest insurance company in New Jersey and Allstate was the most expensive insurance company for the coverage levels analyzed.

Home insurance: New Jersey rates by company for six coverage levels

$200,000 dwelling/$1,000 deductible/$100,000 liability $200,000 dwelling/$1,000 deductible/$300,000 liability
Chubb $604 Chubb $633
Travelers  $666 Travelers  $683
State Farm $765 State Farm $790
Allstate $810 Allstate $840
$300,000 dwelling/$1,000 deductible/$300,000 liability $400,000 dwelling/$1,000 deductible/$300,000 liability
Chubb $897 Chubb $1,161
Travelers  $950 Travelers  $1,215
State Farm $1,059 State Farm $1,344
Allstate $1,140 Allstate $1,474
$500,000 dwelling/$1,000 deductible/$300,000 liability $600,000 dwelling/$1,000 deductible/$300,000 liability
Chubb $1,431 Chubb $1,707
Travelers  $1,528 Travelers  $1,830
State Farm $1,634 State Farm $1,934
Allstate $1,848 Allstate $2,253

Best New Jersey home insurance companies

The homeowners insurance company with the cheapest rates isn’t necessarily the best. Other factors to consider are customer service and claims processing. Insure.com’s 2017 Best Home Insurance Companies report ranks major insurers on feedback from 3,700 customers. They are asked about the value for the price, customer service, claims service and if they’d recommend the company.

Here are the top 10:

  1. USAA
  2. Chubb
  3. Allstate
  4. AIG
  5. State Farm
  6. The Hartford
  7. Erie Insurance
  8. Farmers
  9. Esurance
  10. Nationwide

 

 New Jersey home insurance discounts

There are several ways to reduce your New Jersey home insurance costs, which will qualify you for home insurance discounts. Many insurers will lower your bill if you purchase more than one type of insurance policy from them. This process – known as "bundling" – can cut your costs by up to 15 percent, III says.

You can also cut your costs by making your home more disaster-resistant. Installing hurricane glass or accordion shutters might net you a discount.

According to III, other possible home insurance discounts include:

  •  Installing smoke detectors, a burglar alarm or dead-bolt locks -- 5 percent each
  • Installing a sprinkler system, and a fire and burglar alarm -- 15 to 20 percent
  • Loyalty discounts -- up to 5 percent after three to five years, and 10 percent for six years or more

 

New Jersey home insurance FAQ

How do I find the right insurance company?

Comparing insurance quotes is among the best ways to find the right homeowners insurance coverage at the best rates. Getting quotes from at least three companies can help you save up to hundreds of dollars in annual insurance costs, according to the Insurance Information Institute.

The New Jersey Department of Banking and Insurance has a web page that lists insurance companies that offer homeowners insurance policies in the state. At this page, you'll find contact information for insurers that sell:

  • Homeowners insurance
  • Renters insurance
  • Mobile home insurance
  • Private flood insurance

Homeowners insurance can be a complicated and confusing subject. In 2015, New Jersey began requiring all insurers to provide a one-page summary detailing each insurance policy's terms, coverages and exclusions. You can find model examples of these summaries at the Department of Banking and Insurance website that explain:

  • Common coverages
  • General policy features
  • Notable coverages and exclusions by type of loss

It's important to note that these are general summaries. Individual insurers might offer summaries with important differences from the summaries you'll find on the Department of Banking and Insurance website.

Why do I need flood insurance?

Floods are a big and devastating possibility in New Jersey. The state ranks third among those most at risk for flooding damages related to hurricane storm surges. More than 350,000 homes are in harm's way in the Garden State, and the potential exists for more than $118 billion in damage, according to CoreLogic.

Flood insurance coverage mostly is available through the National Flood Insurance Program. Nationwide, the average policy costs $400 annually, according to III. An NFIP policy provides coverage of up to $250,000 for the structure of the home, and up to $100,000 for personal possessions. 

New Jersey had nearly 231,000 flood insurance policies in force as of the end of January 2017. But that still leaves a lot of homeowners who forsake flood insurance and put themselves at great risk.  

Failing to buy flood insurance in New Jersey can be a disastrous mistake. Homeowners insurance does not cover damages related to flooding, and floods occur more often than any other natural disaster in the U.S., according to III.

Repairing flood damage can be extremely costly. The average flood insurance claim associated with Superstorm Sandy in 2012 topped $60,000, according to III.

What if I can't find flood insurance?

If you live near the coast – or if you own a home that is especially large or expensive to repair – your flood insurance needs might exceed coverage limits set by NFIP. In addition, some communities do not participate in NFIP, leaving private insurer flood insurance as the only option for homeowners in those areas. 

The New Jersey Department of Banking and Insurance website has a list of a half-dozen insurers that sell private coverage in the state.

What is windstorm insurance?

For many years, New Jersey residents did not worry much about damage caused by storm winds. Superstorm Sandy changed all that. The storm was the third costliest in U.S. history, behind only Hurricane Katrina and Hurricane Andrew.

Wind insurance protects you from most damages -- aside from flooding -- caused by storms such as hurricanes. Depending on where you live in New Jersey, your homeowners insurance policy might have two specific types of deductibles related to windstorm coverage:

  • Hurricane deductible. This applies to damages that occur as the result of a hurricane, according to III. Nineteen states have hurricane deductibles, and New Jersey is among them.
  • Windstorm deductible. This applies to damages from other types of windstorms. It also might include coverage that protects you against hail damage.

New Jersey regulations state that hurricane deductibles kick in when a storm meets two requirements:

  • The National Weather Service designates a storm as a hurricane
  • Wind speeds reach 74 mph somewhere in the state

For damages to fall under a hurricane deductible, they must occur within a window that begins 12 hours prior to the first recorded instance of winds at 74 mph and ends 12 hours after the last recorded instance of 74 mph winds.

Today, two types of insurance deductibles dominate the insurance market. The first is a traditional fixed-dollar deductible. For example, if your deductible is $500, you are obligated to pay $500 out of pocket to cover repairs before your insurance coverage kicks in.

In recent years, a second type of deductible has emerged, and it has become increasingly common, especially for hurricane coverage. Known as a "percentage deductible," it requires you to pay a much larger amount out of pocket before your insurance coverage kicks in.

For instance, if your home is insured for $200,000 and your hurricane percentage deductible is 2 percent, you would be on the hook for $4,000 before your insurance coverage would kick in.

Some deductibles are mandatory, meaning they are set by state rules and regulations, or by insurers. Typically, mandatory deductibles are found in higher-risk areas, such as near the coast.

Insurers are allowed to use mandatory hurricane deductibles of up to 5 percent in ZIP codes designated by New Jersey law. These deductibles also can apply in areas the Department of Banking and Insurance approves. 

Insurers also can offer optional hurricane deductibles, which typically apply in lower-risk areas. These may range up to 10 percent. Policyholders who choose this option will receive a premium credit.

Making your home more resistant to storm damage – such as by adding hurricane shutters – might lower or even eliminate your hurricane deductible. Ask your insurer for more information.

What if I can't find wind insurance?

In some cases, it might be difficult to obtain insurance coverage – including windstorm insurance. This is particularly true if you live in a high-risk area near the coast.

In such instances, the New Jersey Insurance Underwriting Association offers polices for one- to four-family homes. This is known as a FAIR Plan. Coverage is limited, but includes wind insurance.

If your home has certain wind-resistant features, you might be eligible for a reduction in the hurricane deductible associated with a FAIR Plan. Policyholders in New Jersey's 116 coastal area ZIP codes can apply for such a reduction by visiting the New Jersey Insurance Underwriting Association website.

For more information on FAIR Plans, see the next section.

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

For various reasons, you might find it difficult to get homeowners insurance from a private insurer. Perhaps you live in an area prone to flooding or vulnerable to other hazards. Or perhaps your home is would be extremely expensive to repair.

New Jersey allows some insurance companies – known as surplus lines insurers – to sell coverage for risks that other insurers will not cover. However, it's important to note that surplus lines insurers are not regulated to the same degree as standard insurance companies.

You can find out more about surplus lines insurers at the New Jersey Department of Banking and Insurance website.

If you cannot get homeowners insurance coverage from anybody, a policy might be available from the New Jersey Insurance Underwriting Association, known as the FAIR Plan.

These plans provide homeowners insurance basics, such as coverage for damage associated with fire, lightning, wind and smoke. However, you will not have theft or personal liability coverage, although the theft coverage is available if you are willing to pay extra for a policy endorsement.

It's important to note to that FAIR Plan coverage should only be viewed as an option of last resort if you can't get coverage elsewhere. For more information, check out the New Jersey Insurance Underwriting Association website.

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

You might end up disputing how your homeowners insurance company handled a claim. If you cannot resolve the matter to your satisfaction, consider contacting the New Jersey Department of Banking and Insurance. You can file a complaint by phone at 609-292-7272 or 800-446-7467. Or, file a complaint online.  

When filing a complaint, make sure to include:

  • Details about your problem
  • The name of your insurance company and/or agent
  • The policy number and claim number (where appropriate)
  • Any other relevant documents 

Methodology:

Insurance.com in 2016 commissioned Quadrant Information Systems to field home insurance rates from major insurers in each state for nearly all ZIP codes in the country for 75 coverage levels based on various dwelling and deductible limits. The homeowner profile is a 35-year-old married applicant with excellent insurance score; new business HO3 policy for house built in 2000 with frame construction and composition roof. Other Structures: 10%. Loss of Use defaulted: 10%. Personal Property defaulted: 50%. Guest Medical limit: $5,000. Personal property: 50% of dwelling coverage for actual cash value.

 

 

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