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 provides a range of coverage to protect against disasters that could result in the loss of your home or property, as well as other losses like theft or liability.
Getting the right amount of coverage for your home and budget is essential. We have partnered to offer you the best policy for your budget and home.
Find the best home insurance rates in NJ
We collected thousands of quotes from top New Jersey insurers and analyzed their customer satisfaction ratings to determine which company is offering the best insurance deal. We compared rates, coverage options and discounts with other metrics.
We found NJ's cheapest insurance companies for home policies with low or no deductibles. We then ranked these companies using their Bankrate scores, which is a combination of premium data and third-party ratings.
USAA, Allstate, and Travelers are our top picks. They all have high Bankrate scores and provide great value for money. These companies are the top Bankrate Scores, because they scored highly in customer service and financial stability. They have a good track record for paying claims.
These companies also offer a wide range of discounts, which can significantly lower your annual premiums. These discounts include bundles of home and auto coverage, a clean driving records or membership in a loyalty program.
Chubb is one the cheapest insurance companies in New Jersey. Their average rate per year is $745 for basic dwelling coverage up to $250,000. This coverage pays for the cost of rebuilding a home in the event of a covered disaster like a hurricane, tropical storm, or flood.
Lemonade's AI software, available on both its mobile app as well as website, makes it easy to file a claim. Lemonade donates unclaimed insurance premiums to charity, and the $500 minimum deductible allows you to get a bigger payout when you file a claim.
In addition to its 24/7 claim center, the mobile app simplifies managing your policy. It also has an extensive list of additional policies to suit your unique needs, such as medical payments and flood protection.
The cheapest home insurance companies in nj are NJM, which offers standard policies for $802 per year, or $67 per month. The company's customer satisfaction is excellent and it offers a policy for $557 less than the average statewide.