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.
The right amount of insurance coverage is crucial for both your home and your budget. We have partnered to offer you the best policy for your budget and home.
Find the lowest priced home insurance in NJ
We compiled a database of thousands quotes and reviewed customer satisfaction scores from New Jersey's top insurance companies in order to find the one that will offer you the best price on your policy. We compared rates, coverage options and discounts with other metrics.
Get the best home insurance coverage in NJ
We found the NJ home insurance companies with the lowest average cost for various types of policies. These include policies that cover fire, theft, and flood, as well policies that are low-deductible or have no deductible. Then we ranked each company based upon their Bankrate Scoring, a combination between third-party reviews and premium data.
USAA Allstate Travelers all have a Bankrate score of 97 and offer great value. 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.
The companies that offer these discounts can help to reduce your annual 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, one of New Jersey's cheapest home insurance providers, charges $745 on average per year for coverage that is $250,000. This coverage amount covers the cost of rebuilding your home following a covered disaster such as a tropical storm or hurricane.
Lemonade, a great option for New Jersey residents is its AI software. Its mobile app and its website make the process of filing a claim quick and simple. It also donates unclaimed premiums to charities, and its $500 minimum deductible can give you a larger payout when you make a claim.
With its 24/7 claim center and mobile app, you can easily manage your insurance policy. There is also a large list of optional policies, including medical payments and flooding protection.
NJM offers the cheapest standard home insurance policies in New Jersey, with standard policies costing $802 per annum, or $67 a month. This is $557 lower than the statewide standard, and the company also has an excellent satisfaction rating.