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Chubb is the best homeowners insurance company in New Jersey, based on a 2023 analysis by, with an overall rating of 4.7. State Farm took the second spot, with an overall rating of 4.3.    

New Jersey Manufacturers offers the cheapest home insurance in New Jersey at all coverage levels. 

With so many options out there, it is not easy to choose a homeowners insurance company in New Jersey. You need a reliable company that will provide you with quality service at an affordable price. Below we’ll help you find that company.

Key takeaways

  • The average home insurance rate in New Jersey is $1,299 per year or $108 per month.
  • New Jersey Manufacturers is the cheapest home insurance company in New Jersey, with an average rate of $855 a year. 
  • Chubb ranks the best home insurance company in New Jersey for 2023.

How much is home insurance in New Jersey?

The average cost of homeowners insurance in New Jersey is $1,299 a year or $108 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. It’s a good idea to compare quotes from different New Jersey homeowners insurance companies to get the best deal. 

Best home insurance companies in New Jersey 

The best home insurance company in New Jersey for 2023 is Chubb, followed by State Farm and USAA

Below is a full list of the top New Jersey insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total score is calculated out of five using these factors.

Best home insurance companies in New Jersey
Insurance companyAM BestAverage annual rateNAIC Complaint score
ChubbA++$ 1,0400.164.7
State FarmA++$ 1,1121.074.3
USAA*A++$ 1,3400.414.21
Franklin MutualA++$ 1,3730.624.1
National General InsuranceA+$ 1,2000.974.07
PalisadesA+$ 1,4670.034.01
FarmersA$ 1,8770.333.2

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

Cheapest home insurance companies in New Jersey

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

Cheapest home insurance rates in New Jersey by coverage level
New Jersey Manufacturers$ 657$ 855$ 1,104$ 1,376$ 1,649
Chubb Ltd$ 742$ 1,040$ 1,338$ 1,644$ 1,956
Heritage Insurance Holdings$ 883$ 1,064$ 1,192$ 1,309$ 1,430
State Farm$ 885$ 1,112$ 1,350$ 1,643$ 1,916
Palisades$ 968$ 1,467$ 2,029$ 2,737$ 3,452
USAA$ 1,027$ 1,340$ 1,624$ 1,899$ 2,160
National General Insurance$ 1,041$ 1,200$ 1,425$ 1,643$ 1,872
Franklin Mutual$ 1,128$ 1,373$ 1,600$ 1,817$ 2,024
Farmers$ 1,266$ 1,877$ 2,640$ 2,956$ 3,330

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.


Average home insurance rates in CALIFORNIA

94404 - Foster City
Dwelling $200,000, Deductible $1,000 and Liability $100,000.



Most & least expensive zip codes for homeowners insurance in California

Most Expensive

Zip CodeCityHighest Rate
92391Twin Peaks$1,426
92321Cedar Glen$1,425
92352Lake Arrowhead$1,423

Least Expensive

Zip CodeCityLowest Rate
95051Santa Clara$743

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 $1,891.

The most expensive ZIP codes in New Jersey are:

ZIP codeAverage annual rates
08203$ 1,891
08401$ 1,885
08406$ 1,873
08402$ 1,866
08008$ 1,822
08403$ 1,816

The least expensive ZIP codes in New Jersey for home insurance

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

ZIP codeAverage annual rates
08504$ 1,005
07939$ 1,019
07926$ 1,020
07870$ 1,025
08803$ 1,026
07938$ 1,030

Frequently asked questions about New Jersey home insurance

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 either through the National Flood Insurance Program (NFIP) or a home insurer that works with the NFIP.  If you live in a high-risk area, you may be required by your mortgage company 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. commissioned 2022 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.

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