The most important thing you can do to maintain homeownership is to get cheap homeowners insurance. This will protect the biggest asset that you have. It covers a wide range of losses, including those that can result in loss of home or property.
It is important to get the right coverage for your budget and home. That's why we partnered with the nation's top insurers to find you a policy that protects your home and gives you peace of mind at a price you can afford.
Compare the cheapest home insurance companies in NJ
We have compiled and analyzed thousands of quotes, as well as customer satisfaction ratings for the top New Jersey insurance companies to help you determine the company that offers the best deal. In addition to comparing rates with different coverage options, we also looked at discounts and other factors.
Cheap home insurance in New Jersey
We found the NJ home insurance companies with the lowest average cost for various types of policies. These include policies that cover fire, theft, and flood, as well policies that are low-deductible or have no deductible. Then we ranked each company based upon their Bankrate Scoring, a combination between third-party reviews and premium data.
Our top picks are USAA, Allstate and Travelers, which all have a high Bankrate Score and offer plenty of value for the money. These companies have high Bankrate Scores due to their top-notch scores in areas including customer service and financial health, which shows that they pay claims on time.
Many companies offer discounts that can reduce your premiums by a significant amount. The discounts range from bundling home and auto insurance policies, to having a good driving record, or even being a first-time home buyer.
Chubb offers the lowest homeowners insurance rates in New Jersey. The average annual rate for a $250 000 dwelling is $745. This amount of insurance covers the cost for rebuilding your house after a disaster covered by your policy, such as hurricanes or tropical storms.
Lemonade, a great option for New Jersey residents is its AI software. Its mobile app and its website make the process of filing a claim quick and simple. It also donates unclaimed premiums to charities, and its $500 minimum deductible can give you a larger payout when you make a claim.
The mobile app allows you to easily manage your policy. You can also choose from a variety of other policies to meet your needs, including flood insurance and medical payments.
NJM is the company that offers the lowest home insurance rates in New Jersey. Standard policies are $802 annually, or $67 monthly. The average home insurance policy in New Jersey costs $802 per year, or $67 per month.