Affordable homeowners insurance is a vital part of protecting your biggest asset and maintaining homeownership. It protects against losses including theft, liability and disasters such as those that could cause your home to be destroyed.
It is important to get the right coverage for your budget and home. 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 these rates with the coverage options available, any discounts that may be offered and a variety of other metrics to determine which company would best suit you.
Get the best home insurance coverage 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. Then, we ranked the companies according to their Bankrate Scores. These are a combination third-party ratings with 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 earned the highest Bankrate Scores in areas like customer service, financial strength and claims payment.
The companies that offer these discounts can help to reduce your annual premiums. These discounts could be bundled home and car policies, having a clear driving record, or being part of a loyalty programme.
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 amount of coverage covers the cost to rebuild your home after a covered disaster, such as a hurricane or tropical storm.
Lemonade's AI software, available on both its mobile app as well as website, makes it easy to file a claim. It donates the unclaimed premiums, while its $500 minimum deductable can help you get a better payout.
In addition to its 24/7 claim center, the mobile app simplifies managing 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 is the company that offers the lowest home insurance rates in New Jersey. Standard policies are $802 annually, or $67 monthly. This is $557 lower than the statewide standard, and the company also has an excellent satisfaction rating.