Cheap homeowners insurance in nj is an important part of maintaining homeownership and protecting the largest asset you own. This insurance provides coverage against disasters which could lead to the loss of property or your home, and also other losses such as 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.
Compare home insurance prices in NJ
We gathered thousands of quotes as well as analyzed the customer satisfaction rating from top New Jersey-based insurers to help you find the company offering the most affordable insurance. We also compared those rates with coverage options, possible discounts and several other metrics to determine the company that's best for you.
Get the cheapest home insurance in nj
We found the cheapest home insurance companies in NJ with the best average costs for different types of policies, including those that include fire, theft and flood protection, as well as policies that have low deductibles or no deductible at all. 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 have the best Bankrate Scores because they earned top scores in areas such as customer service and financial strength, which means they have a strong track record of paying out claims.
Many companies offer discounts that can reduce your premiums by a significant amount. These discounts could be bundled home and car policies, having a clear driving record, or being part of a loyalty programme.
Chubb offers the lowest homeowners insurance rates in New Jersey. The average annual rate for a $250 000 dwelling is $745. This amount of coverage covers the cost to rebuild your home after a covered disaster, such as a hurricane or tropical storm.
Lemonade is another great choice for New Jersey residents, as its AI software on its mobile app and website makes the claim-filing process quick and easy. It also donates unused premiums to charitable organizations, and its minimum $500 deductible can result in a higher payout when making a claim.
The mobile app allows you to easily manage your policy. It offers an extensive range of extra policies to meet individual needs such as flood protection, medical payments or other types of coverage.
NJM provides standard policies starting at $802 a year, or $67.27 per month. The average home insurance policy in New Jersey costs $802 per year, or $67 per month.