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's important to find the right balance between your budget and coverage. 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 home insurance prices 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. 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.
Find the lowest home insurance rates 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 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.
These companies also offer many discounts that can lower your annual premiums. These discounts may include bundling auto and home policies, being a home buyer or having a clean driving history.
Chubb is one of the cheapest homeowners insurance providers in New Jersey, with an average rate of $745 per year for baseline dwelling coverage of $250,000. This amount of insurance covers the cost for rebuilding your house after a disaster covered by your policy, such as hurricanes or tropical storms.
The AI software in its mobile application and website allows for a quick and easy claim filing process. It also donates unused premiums to charitable organizations, and its minimum $500 deductible can result in a higher payout when making 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.
NJM has the cheapest policies, offering standard policies at $802 per year or $67 per monthly. This is $557 lower than the statewide standard, and the company also has an excellent satisfaction rating.