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.
The right amount of insurance coverage is crucial for both your home and your budget. We partnered with top-rated insurers in the country to help you find a policy at a reasonable price that will protect your home while giving you peace of mind.
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 those rates with coverage options, possible discounts and several other metrics to determine the company that's best for you.
Home insurance quotes in New Jersey are affordable
We compared the average costs of different types policies in NJ, such as those with fire, theft or flood coverage, or policies that had low deductibles, if any. We then ranked those companies based on their Bankrate Scores, which are a combination of third-party ratings and premium data.
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.
These companies can also provide a variety of discounts which will help you to lower your premiums. These discounts can range from bundling your home and auto policies to being a new home-buyer, having a clean driving record or being a member of a loyalty program.
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 will cover the cost to rebuild your house following a covered catastrophe, such a a hurricane or tropical cyclone.
The AI software in its mobile application and website allows for a quick and easy claim filing process. It donates any unclaimed premiums and has a $500 minimum deductible.
With its 24/7 claim center and mobile app, you can easily manage your insurance 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 has the cheapest policies, offering standard policies at $802 per year or $67 per monthly. This is $557 less expensive than the statewide median, and they have an excellent rating with their customers.