Find the Cheapest Homeowners Insurance Quotes in Your Area
We evaluated insurance quotes for a sample 2,000 square foot home in 62 cities across New Jersey to determine which cities had the highest and lowest annual home insurance costs. Based on this sample, we found that New Jersey homeowners pay an average of $1,277 per year for home insurance. Below, we profile homeowners insurance rates in a number of cities in New Jersey and evaluate their price differences. Read more about our findings below or use our toolbar above to find the best homeowners insurance quotes in your area.
- Best Homeowners Insurance Companies in New Jersey
- Cheapest Home Insurance Companies
- Homeowners Insurance Rates in New Jersey's Largest Cities
- Top 5 Least Expensive Cities for Home Insurance in New Jersey
- Top 5 Most Expensive Cities for Home Insurance in New Jersey
Best Homeowners Insurance Companies in New Jersey
- New Jersey Manufacturers (NJM) Insurance
- Plymouth Rock
It doesn't matter if you live in Jersey City or Monmouth County, to find the best home insurance company, you should always balance your preferences for coverage features, price, financial stability ratings and customer service. For New Jersey we've emphasized customer service, comparing the biggest homeowners insurance companies in the Garden State by customer complaints.
By this standard, the best homeowners insurance companies in New Jersey are NJM, Plymouth Rock and USAA. The worst of the major insurance companies are American Family, National General and Allstate. However, New Jerseyites are generally satisfied with the service of their home insurance companies: Nine out of the 10 largest companies received a customer complaint ratio below the national median of 1.0, the only exception being American Family.
|Rank||Company||Market share||Complaint ratio|
|2||New Jersey Manufacturers||9.5%||0.04|
|6||Travelers (Fidelity & Guaranty)||4.9%||0.33|
|7||Plymouth Rock (High Point)||4.4%||0.12|
|10||National General (Integon)||3.1%||0.76|
Find the Cheapest Homeowners Insurance Quotes in Your Area
Flood Insurance in New Jersey
As a coastal state, New Jersey residents should be aware that their home insurance policies almost certainly don't cover flood damage. Most homeowners will be able to get flood insurance coverage backed by the federal government as part of the National Flood Insurance Program (NFIP). In some cases, you may be able to purchase this coverage through a partnership with your insurer. For example, NJM offers flood insurance through its partnership with Wright Flood, one of the leading providers of federal flood insurance. In other cases, you may be able to secure a private flood insurance policy directly from your home insurance provider. For example, Chubb offers flood insurance to New Jersey residents and can provide coverage limits far in excess of the NFIP.
Cheapest Home Insurance Companies in New Jersey
We gathered quotes for our sample home from State Farm, Allstate and Farmers insurance companies, across 62 cities dispersed throughout the state. Quotes from each company were averaged to find which insurance companies offered the cheapest home insurance rates in New Jersey. Of the companies surveyed, we found that on average, State Farm offers the best homeowners insurance rates in New Jersey at $804 per year.
The graph below shows the average annual cost to insure our sample home by company:
Homeowners Insurance Rates in New Jersey's Largest Cities
We evaluated home insurance costs across the ten largest cities in New Jersey. Our study used control variables including the age of the home, square footage, replacement cost, and construction type, to gather comparable quotes across a number of home insurance companies. We found that, on average, the homeowners in the ten largest cities pay 20% more than the rest of the state for homeowners insurance. The average cost for homeowners insurance in New Jersey’s ten largest cities is $1,533 per year.
Newark is the largest city in New Jersey. It earned its nickname, the "Gateway City" due to its position as a major transportation hub in the New Jersey, New York, Connecticut tri-state area. Newark Liberty International Airport and Port Newark-Elizabeth are both located in Newark and are two of the busiest air and sea terminals in the country; the Port Newark-Elizabeth Terminal processes over three million cargo containers per year. Newark is also New Jersey's second most racially diverse city and is a rapidly growing center for commerce.
The average annual home insurance premium in Newark is 29% more expensive than the state average, which ranks it the third most expensive city for home insurance in New Jersey. Farmers quoted the most expensive annual rate in our Newark sample of $2,550. State Farm, the most affordable insurer in the city, quoted our sample home an annual rate of $964, less than half the cost of Farmers.
Jersey City, NJ
Jersey City is the second most populous city in New Jersey and is known by many as New Jersey's "Golden Door," because it faces New York City across the Hudson River. Jersey City is one of New Jersey's fastest growing cities, in part, due to an exodus of New Yorkers trying to escape the Big Apple's sky-high costs of living. Over 30 developments have popped up across Jersey City in the past two years, with many more on the way. Jersey City is home to one of the state's most rapidly-growing and diverse populations.
The annual cost of insuring a property in Jersey City averages $1,490 – 17% above the state mean, putting it on the higher end of home insurance costs. State Farm offered the best annual home insurance rate of $854, followed by Allstate at $1,552.
Paterson is the third largest city in New Jersey and was originally founded as an industrial city, established to harness the power of the nearby Passaic River Gorge. Today, most of its original industrial base is gone, replaced by bustling city streets and towering centers of commerce. However, some remnants of its industrial reputation remain: Paterson happens to be the birthplace and naming inspiration for the first revolver ever manufactured in the United States, the Colt Paterson; this iconic pistol was the predecessor to the famous Colt Single Action Army revolver, known to many as the gun that won the west.
State Farm quoted the lowest annual home insurance rate of $569 for our sample home in Paterson, while Farmers offered the most expensive rate of $2,643. Overall, Paterson’s homeowners insurance rates are 23% greater than the state average.
Elizabeth was originally named Elizabethtown, after the wife of Sir George Carteret, one of New Jersey's first governors. The city has an illustrious history, having served as the state's first capital. It's also the site of the first recorded sinking of a British ship by American colonists, marking the opening salvos of the American Revolutionary War. Historical landmarks dot Elizabeth's cobblestone streets, and many historians agree that this city has a historical significance that rivals that of Philadelphia and Boston.
The average annual home insurance quote in Elizabeth is $1,254 – 2% below the state mean. If you’re shopping for affordable home insurance rates in Elizabeth, we suggest beginning with State Farm, which quoted us a $762 annual rate for our sample home. Farmers and Allstate quoted the most expensive annual rates of $1,549 and $1,451, respectively.
Trenton is the fifth largest city and capital of New Jersey. At one point, Trenton was also the official capital of the United States for a brief period in 1784. The city borders the Philadelphia metropolitan area across the Delaware river, and is a popular residence for commuters attempting to flee the high costs of living in both New York City and Philadelphia. This city was once a major manufacturing hub for the steel and rubber industries, and its slogan is prominently displayed along the side of the Lower Free Bridge: "What Trenton Makes, the World Takes."
The mean annual home insurance quote in Trenton is $1,272. Farmers quoted the most expensive rate in Trenton at $2,260 per year, which is over twice the cost quoted by Allstate of $734. Taken together, the three quotes we obtained fell within $5 of the state average.
Clifton is the sixth largest city in our study and has been featured prominently in many Hollywood flicks including The Sopranos and Donnie Brasco. The city's affordable cost of living and proximity to the New York metropolitan area makes it a popular residence for commuters looking to escape the hustle and bustle of cramped urban life. In addition to the nearby Morris Canal which offers fishing and canoeing opportunities, Clifton's surrounding region offers a variety of parks and trails for outdoor activities including the Weequahic Lake, High Mountain Summit, and the Mills Reservation Trail.
Annual home insurance rates in Clifton are only 6% greater than the state average. The average annual home insurance quote for our sample home in Clifton was $1,348, which is $71 more expensive than the state mean. Farmers quoted us the most expensive rate of $1,758 while State Farm quoted us the cheapest rate of $765.
The seventh largest city in our study, Camden, is a resilient city with a troubled past; the famous poet Walt Whitman, once called it the "invincible city." Camden conducted a major overhaul of its police department in 2013, and was also touted as the focal point of former President Obama's trust-building community policing initiative. Since then, changes in public policy and policing practices have reduced Camden PD's average response time from one hour to five minutes. Today, the city is still in a transformative state, but the residents of Camden continue to work towards a bright future. Walt Whitman's former residence stands as a monument to that goal.
Our research found that the average annual home insurance premium in Camden is $1,751 – 37% greater than the state average, which makes it the most expensive city in New Jersey for homeowners insurance. Farmers quoted us the single most expensive annual home insurance rate in our study of $2,893.
Passaic is the 8th largest city in New Jersey. Originally settled by Dutch traders in 1678, the city draws its name from the Lenape Native American word for "valley." In 1931, the city was also the location of the first private television broadcast, when experimental TV station W2XCD, under the guidance of the DeForest Radio Corporation, conducted its first live television transmission. The corporation's Chief Engineer, Allen B. DuMont, later went on to found the first licensed TV network, the "Dumont Television Network." These historic events caused Passaic to be known as, "The Birthplace of Television."
Passaic’s annual home insurance rates fall on the higher end of the spectrum. On average, residents of Passaic pay 29% more for their home insurance than the average resident in New Jersey. Farmers offered the most expensive annual rate of $2,677.
Union City, NJ
Union City, the 9th largest city in New Jersey, is the result of the merger of the former Towns of West Hoboken and Union into Union City in 1925. After a huge immigration influx in the 1950s, Union City became home to a fast-growing population of immigrants, most prominent of which were the Cubans fleeing the Castro regime. Today, the city boasts the highest population of Cuban descent in the state of New Jersey as well as the highest Cuban American population outside of Florida, earning it the nickname of "Havana on the Hudson."
Based on our study, Union City's average annual homeowners insurance rates are 27% more expensive than the state mean. Residents pay an average of $1,624 per year for homeowners insurance. State Farm offered the cheapest quote of $801 while Farmers and Allstate quoted the most expensive rates of $2,215 and $1,856, respectively.
East Orange, NJ
Rounding out the ten largest cities in the state of New Jersey is East Orange. Nicknamed "The Crossroads of New Jersey," the city had three train lines, three trolley lines, and six stations within a 3.9 square mile radius during its industrial peak. Today, visitors to East Orange will experience a diverse array of cultures with a distinctly Caribbean flavor. This is no coincidence, as East Orange is home to the largest percentage of Caribbean people in the USA, featuring large contingents from Jamaica, Guyana, Trinidad and Tobago, to name a few.
The average annual homeowners insurance rate in East Orange is $1,730 which represents a 35% premium to the state average. State Farm quoted the cheapest annual home insurance rate of $846, while Farmers quoted the most expensive rate of $2,883. Based on our study, East Orange has the second highest annual home insurance rates in New Jersey.
Least Expensive Homeowners Insurance in New Jersey: by City
This graph shows the five best cities for homeowners insurance in our study. The cities are listed in order of mean price, starting with the lowest average annual home insurance quote and counting up. We found that Manville is the cheapest city in New Jersey for homeowners insurance. On average, Manville residents pay $955 annually, 25% less than the state average.
As previously mentioned, Manville is the most affordable city in New Jersey for homeowners insurance. On average, Manville residents pay $322 less for their homeowners insurance than the average New Jersey resident. In our study, State Farm quoted the cheapest annual home insurance rate of $718, while Farmers quoted the highest annual rate of $1,120.
Morristown is the second best city for home insurance in New Jersey. The mean annual home insurance quote in the city is $969, which is 24% cheaper than the state average. The most affordable annual rate in Morristown was quoted by State Farm at $595.
Hillsborough ranks third on our list of most affordable cities for home insurance in New Jersey. The average annual home insurance quote gathered for the city of Hillsborough is $978, which is $299 lower than the state mean. State Farm provided our cheapest quote of $723.
Cherry Hill, NJ
Cherry Hill offers the fourth most affordable home insurance rates in the state. Residents of Cherry Hill pay $997 per year on average, which is $280 less than the state average. The cheapest quote in Cherry Hill was offered by State Farm at $875 per year.
Newton ranks fifth on our list of most affordable cities for home insurance. On average, residents pay $1,000 annually for homeowners insurance, which represents a 22% discount to the state mean. The cheapest annual homeowners insurance quote in Newton was provided by State Farm at $794.
Most Expensive Homeowners Insurance in New Jersey: by City
This graph shows the five most expensive cities for homeowners insurance in our study. The cities are listed in order of price, starting with the highest average rate and descending. Our research found that the most expensive city for homeowners insurance in New Jersey was Camden, where we were quoted an average annual rate of $1,751, which is 37% more expensive than the state average.
We studied 62 cities, spread out geographically across the state of New Jersey. The sample home we reviewed was built in the year 2000, had 2,000 square feet across two stories, and cost $200,000. Quotes for this home were obtained from Allstate, State Farm and Farmers insurance companies, then rates were averaged for each city. To see an alphabetical list of all the cities included in the analysis, please see below. We've displayed all cities surveyed, from Allentown to Woodbury, with the average annual cost of insurance for the benchmark property, and how much home insurance in each city costs relative to the state average.
|Rank||City||Average Insurance Rate||Cost Compared to State Average|