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When you rent a house or apartment, your property owner typically has insurance to cover the structure. But what happens if someone trips and falls into your apartment? The landlord's insurance policy will not cover that. You need to purchase renters insurance for those claims.

Renters insurance can help protect your property from unexpected damage by providing you with low-cost coverage. There are many renters' insurance companies in New Jersey, but not all of them are worth your time. We’ve compared the best renters insurance companies based on their average insurance premium and customer service rating to make your job easier.

Best renters insurance companies in New Jersey

When it comes to choosing the best renters insurance company in New Jersey, you want to make sure that you are comparing apples to apples. Our experts at have compared quotes, coverage options and J.D Power score from all the major insurers in New Jersey. Below is the list of best renters insurance companies New Jersey:

  • USAA
  • State Farm
  • Allstate
  • Liberty Mutual

Compare best renters insurance companies in New Jersey

USAA is our top pick for the best renters insurance company in New Jersey. Its average rate for New Jersey residents is $236 and earned the highest J.D. Power score (893) among the carriers surveyed.  It offers services only to former and current military officials and their family members.

Apart from USAA, you can get New Jersey renters insurance from carriers like State Farm, Liberty Mutual and Allstate. All these companies provide the most affordable renters insurance policies and they have earned good scores from J.D. Power.

There are a lot of different options for renters insurance in New Jersey. How do you know which one is the best for you? Compare the average rate and J.D. Power score of the insurance providers mentioned below to find the best renters insurance company for your rented home or apartment.

CompanyJ.D. Power scoreAverage annual rate
State Farm866$191
Liberty Mutual823$682

How much is renters insurance in New Jersey

The average annual premium cost for renters insurance in New Jersey is $322 or $27 a month. The recommended coverage level for renters insurance is $100,000 for liability protection, $40,000 of personal property coverage, with a $1,000 deductible, based on a rate analysis by

The renters insurance coverage options and prices differ depending on your location within the state, coverage limits, and the value of your belongings. Make sure you compare price quotes from all the major insurance companies to get a standard renters insurance policy. 

Average annual premiumAverage monthly premium

10 Most expensive zip codes in New Jersey for renters insurance

The cost of renters insurance in New Jersey can vary depending on where you live. There are certain areas that are more prone to theft and higher crime rates that lead to higher renters insurance premiums. The most expensive zip code for renters insurance in New Jersey is 8342, its average annual rate is $387.

Below is a list of the 10 most expensive zip codes in New Jersey for renters insurance.

ZIP codeAverage annual rate

10 Least expensive zip codes in New Jersey for renters insurance

We have gathered quotes from major insurance carriers across all the zip codes and found that the least expensive zip code for renters insurance is 7865, its average rate is $294 annually. 

Here are the least expensive zip codes for renters insurance in New Jersey.

ZIP codeAverage annual rate

Cheap renters insurance in New Jersey by carrier

New Jersey Manufacturers is the cheapest renters insurance company in New Jersey that provides renters insurance policies at an average of $168 a year, based on's rate analysis. 

There are many carriers in New Jersey that offer cheap renters insurance policies. Some of the best deals can be found by shopping around and comparing rates. The table below shows some of the cheapest renters providers in the state.

Company nameAverage annual premium
New Jersey Manufacturers$168
State Farm$179
Fidelity & Guar Insurance$284
High Point Preferred Insurance$350
LM Insurance$513

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