Best home insurance company in New Jersey: Chubb
Chubb is the best home insurance company in New Jersey for 2026. New Jersey Manufacturers (NJM) and Franklin Mutual round out the top three home insurance companies in New Jersey.
We ranked insurers based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
Cheapest home insurance company in New Jersey: Franklin Mutual.
Franklin Mutual has the most affordable rates for all five dwelling coverages we compared, with rates ranging from $796 at $200,000 in coverage to $2,007 at $1 million in coverage.
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.
| Company | $200,000 | $300,000 | $400,000 | $600,000 | $1,000,000 |
|---|---|---|---|---|---|
| Allstate | $755 | $881 | $1,057 | $1,396 | $1,905 |
| Chubb | $923 | $1,297 | $1,671 | $2,477 | $3,378 |
| Farmers | $1,020 | $1,473 | $2,039 | $2,562 | $3,328 |
| Franklin Mutual | $796 | $1,003 | $1,192 | $1,551 | $2,007 |
| Heritage Insurance Holdings | $1,645 | $2,117 | $2,559 | $3,370 | $4,445 |
| NJM | $1,056 | $1,359 | $1,669 | $2,311 | $3,451 |
| Plymouth Rock Assurance | $968 | $1,467 | $2,032 | $3,447 | $5,391 |
| State Farm | $1,498 | $1,933 | $2,369 | $3,255 | $4,381 |
| USAA | $1,212 | $1,576 | $1,906 | $2,525 | $3,482 |
*USAA only provides coverage to military members, veterans, and their families.
What is the average home insurance cost in New Jersey?
The average cost of homeowners insurance in New Jersey is $1,449 a year or $121 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: Estimate your rate
Home insurance rates can vary widely depending on where the home is located. Our tool will help you estimate rates in your area.
Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area, as well as the lowest and highest average rates for comparison.
Home insurance calculator by ZIP code
Average home insurance rates in TexasMost & least expensive ZIP codes for homeowners insurance in Texas
| ZIP code | City | Highest rate |
|---|---|---|
| 77550 | Galveston | $10,407 |
| 77554 | Galveston | $9,754 |
| 77551 | Galveston | $9,634 |
| 77590 | Texas City | $9,005 |
| ZIP code | City | Lowest rate |
|---|---|---|
| 79915 | El Paso | $1,158 |
| 79905 | El Paso | $1,169 |
| 79907 | El Paso | $1,179 |
| 79916 | Fort Bliss | $1,180 |
The New Jersey Division of Insurance says...
Many policies also have hurricane loss deductibles that apply only to losses that occur during a hurricane, which is an event that is designated as a hurricane by the National Weather Service, and only if sustained wind speeds of 74 mph have been measured anywhere in New Jersey.
- The New Jersey Division of InsuranceWhat are the most expensive ZIP codes in New Jersey for home insurance?
New Jersey homeowners insurance rates are the most expensive for ZIP code 08203 (Brigantine), with an average annual cost of $2,260.
The most expensive ZIP codes in New Jersey are:
| City | ZIP code | Average Annual Premium |
|---|---|---|
| Brigantine | 8203 | $2,260 |
| Ventnor City | 8406 | $2,228 |
| Margate City | 8402 | $2,197 |
| Seaside Heights | 8751 | $2,178 |
| North Beach Haven | 8008 | $2,156 |
| Longport | 8403 | $2,156 |
| Dennisville | 8214 | $2,151 |
| Atlantic City | 8401 | $2,150 |
| Barnegat Light | 8006 | $2,144 |
| Seaside Park | 8752 | $2,107 |
What are the least expensive ZIP codes in New Jersey for home insurance?
At $1,096 a year, ZIP code 08558 (Skillman) is the cheapest ZIP code in New Jersey for home insurance.
The cheapest ZIP codes for home insurance in New Jersey are:
| City | ZIP code | Average Annual Premium |
|---|---|---|
| Skillman | 8558 | $1,096 |
| Hampton | 8827 | $1,108 |
| Blawenburg | 8504 | $1,138 |
| Brookside | 7926 | $1,142 |
| Tranquility | 7879 | $1,143 |
| Convent Station | 7961 | $1,145 |
| Franklin Park | 8823 | $1,149 |
| Oldwick | 8858 | $1,152 |
| Schooleys Mountain | 7870 | $1,153 |
| Bernardsville | 7924 | $1,153 |
Compare homeowners insurance rates by city in New Jersey.
Home insurance rates vary significantly by city because risks differ. Compare average rates in New Jersey cities below.
City Annual insurance premium
Methodology
Insurance.com worked with Quadrant Information Services to field homeowners insurance rates in all 50 states and Washington, D.C. We analyzed 20,739,560 insurance quotes from 81 insurance companies across 34,588 ZIP codes to determine the average premiums.
The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:
- $300,000 dwelling coverage
- $300,000 liability protection
- $1,000 deductible
- 2% hurricane deductible where appropriate.
To rank insurance companies, we used three important factors: average annual cost, NAIC complaint ratio and AM Best financial stability rating. Find the full best insurance companies rating methodology here. The quoted insurance rates are for comparison purposes, and your rates will vary.
FAQ: 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 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. It's the insurance option of last resort, but may be expensive.
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.
Compare New Jersey homeowners insurance rates with other states
