Chubb offers the best home insurance in Newark, balancing affordability, customer service and coverage options. Chubb also provides the lowest premiums at $97 per month.
Cheap Home Insurance in Newark
Updated: June 10, 2025
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Key Takeaways
Chubb offers the best overall home insurance in Newark and the cheapest rates at $1,169 per year.
For most homeowners, home insurance in Newark costs an average of $226 per month or $2,706 per year.
To find the best cheap home insurance in Newark, determine your coverage needs, research costs and companies, and compare multiple quotes.
Best Cheap Home Insurance Companies in Newark
| Chubb | 98 | $97 | $1,169 |
| State Farm | 79 | $188 | $2,259 |
| The Hanover | 62 | $278 | $3,336 |
| Farmers | 60 | $273 | $3,276 |
| ASI | 60 | $222 | $2,667 |
*Rates are for a 2,500-square-foot home with $250,000 in dwelling coverage and a $1,000 deductible, built in 2000.
How Much Does Newark Home Insurance Cost?
Home insurance rates in Newark depend on your home's age, coverage level and personal profile. Monthly costs range from $82 to $602. You can compare personalized rates below based on your home's age and desired coverage level.
Data filtered by:Results filtered by:
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Age of Home:Newer Home
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Coverage Level:$100K Dwelling / $50K Personal Property / $100K Liability
| $100K Dwelling / $50K Personal Property / $100K Liability | $82 | $983 |
How to Get the Best Cheap Home Insurance in Newark
Finding affordable home insurance in Newark can be challenging. We created a step-by-step guide to help you find the best and cheapest homeowners insurance options.
- 1
Decide on Coverage Beforehand
Know your home insurance coverage needs before you start shopping. This makes it easier to compare quotes and prevents agents from pushing unnecessary add-ons.
- 2
Research Costs and Discounts
Check average home insurance costs in New Jersey for someone in your situation. This gives you a baseline to spot good deals. Research discounts you qualify for, then focus on companies that offer those specific savings.
- 3
Compare Company Offerings and Reputations
Beyond cost research, evaluate what add-on coverages companies offer and their reputations for claims handling, customer service, policy management and the buying process. Helpful resources include J.D. Power, the NAIC, forums like Reddit and review sites like Trustpilot.
- 4
Compare Many Quotes Through Multiple Means
Compare multiple quotes to identify the best option. Pricing varies depending on where you get quotes. We recommend using online tools and contacting both independent and captive agents to ensure you get the lowest price.
Best Home Insurance in Newark: Bottom Line
The top three best and cheapest home insurance providers in Newark are Chubb, State Farm and The Hanover. To make sure you're getting the best deal, compare multiple quotes from different companies before deciding.
Newark Home Insurance: FAQ
Below, we answer common questions about home insurance in Newark.
Who offers the best home insurance in Newark?
We recommend Chubb as the best home insurance provider in Newark for its affordable pricing, excellent service and extensive selection of add-ons. We also recommend getting quotes from State Farm, The Hanover, Farmers and ASI.
Who has the cheapest home insurance in Newark?
Chubb offers the most affordable home insurance for the average homeowner at $97 per month or $1,169 per year. Rates vary widely depending on your coverage level and home characteristics.
What does home insurance cost in Newark?
Home insurance costs in Newark range from $983 to $7,221 annually, influenced by home age and coverage levels.
How We Decided the Best Cheap Home Insurance Companies in Newark
MoneyGeek’s study analyzed home insurance premiums from 10 companies in Newark. The data used was provided in partnership with Quadrant. The customer satisfaction scores used in this study were drawn from J.D. Power surveys. To calculate affordability scores, quotes were collected for a home with varying coverage levels.
In this analysis, MoneyGeek used a base profile for a homeowner with a 2,500 square foot home built in 2000 with dwelling coverage of $250,000, personal property coverage of $100,000, and liability coverage of $100,000. All the policies had the same deductible of $1,000.
Other quotes were also collected for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles, and poor credit scores.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.