Updated: January 26, 2026
Advertising & Editorial Disclosure
Our 2026 research found the top three home insurance companies in New Jersey are Chubb, USAA and New Jersey Skylands.
Chubb offers the highest-quality homeowners insurance in New Jersey with the lowest average annual premium at $953.
Higher premiums affect New Jersey homeowners due to the coastal location's vulnerability to severe flooding events. Find quality coverage from an affordable insurer.
Chubb is the best home insurance company for most New Jersey homeowners with affordable rates and strong customer experience. USAA earned the highest MoneyGeek score from our team but ranks No. 2 because coverage is available only to military members, veterans and their families. The top five companies earned high ratings in our affordability, customer experience and coverage categories:
| USAA | 4.86 | 4 | 2 | 2 |
| New Jersey Skylands | No Data | 6 | 1 | 1 |
| Chubb | 4.83 | 1 | 3 | 3 |
| State Farm | 4.57 | 3 | 4 | 4 |
| Farmers | 4.44 | 2 | 5 | 7 |
*Our ratings consider different combinations of coverage levels, home features and homeowner details to identify the best overall options. Rankings may differ based on your profile. The tables below follow the same methodology.
Average Annual Premium
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J.D. Power Customer Satisfaction Score
Average Annual Premium
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J.D. Power Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Customer Satisfaction Score
Average Annual Premium
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J.D. Power Customer Satisfaction Score
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Home insurance rates across New Jersey vary based on your location and local risks. Coastal towns face higher hurricane exposure, while inland areas deal with different weather threats. We identified the top insurer in major cities based on rates, customer satisfaction and coverage options.
| Jersey City | New Jersey Skylands | $1,946 |
| Clarksboro | New Jersey Skylands | $1,712 |
| Elizabethport | New Jersey Skylands | $1,708 |
| Elizabeth | New Jersey Skylands | $1,681 |
| Ho Ho Kus | New Jersey Skylands | $1,482 |
| Newark | New Jersey Skylands | $2,019 |
| Paterson | New Jersey Skylands | $1,761 |
| Plainfield | New Jersey Skylands | $1,576 |
New Jersey home insurance costs $1,771 per year on average. Your rate depends on your home and personal profile. Credit score creates the widest price gap: excellent credit homeowners pay around $1,002 yearly, while poor credit raises premiums to $2,660. Dwelling coverage limits also affect your costs. Coverage for a $100,000 home costs $957 compared to $2,893 for $500,000 coverage.
Overall average | $1,771 | $148 |
$100,000 dwelling coverage | $957 | $80 |
$500,000 dwelling coverage | $2,893 | $241 |
Older homes (1980) | $3,789 | $316 |
Newer homes (2020) | $2,829 | $236 |
Homeowner age 20–40 | $4,022 | $335 |
Seniors 61+ | $4,053 | $338 |
Recent Claim | $4,723 | $394 |
Excellent Credit | $1,002 | $84 |
Poor Credit | $2,660 | $222 |
Understanding New Jersey's coastal storms and flooding risks helps you shop for home insurance that actually protects your investment. Compare quotes and find affordable coverage that addresses the specific hazards most likely to affect New Jersey properties.
Assess your home's replacement cost and New Jersey's natural disaster risks. Wildfire exposure threatens foothills communities, hail damage strikes along the Front Range and flash floods occur near mountain drainage areas. Your coverage should reflect your home's value, personal property and liability needs while accounting for New Jersey's high rebuilding costs.
New Jersey home insurance averages $1,771 annually. Bundling home and auto policies saves 15% to 25% on premiums. Get discounts for monitored security systems, fire-resistant roofing and hail-resistant shingles. Impact-resistant windows and roof updates qualify you for more savings while reducing hail damage.
Review customer satisfaction scores and claims handling reputation before choosing an insurer. Look for New Jersey-specific coverage like wildfire coverage, water back-up from snowmelt and service line coverage for freeze-thaw damage. Extended replacement cost coverage pays full rebuilding costs even when they exceed policy limits due to material shortages or labor increases.
Inland flood coverage covers flash flood damage without a separate National Flood Insurance Program policy. Equipment breakdown coverage covers HVAC system failures in New Jersey's temperature extremes. Mountain vacation homes and short-term rental properties need specialized policies for their unique risks.
Compare quotes from at least three insurers; rates vary between providers. Shop through direct insurers, independent agents and online platforms. Request quotes with identical coverage limits and deductibles for accurate comparisons. Ask about discounts for fire-resistant materials and protective devices common in New Jersey homes.
Update your dwelling coverage annually to match your home's current replacement value and rising construction costs. New Jersey's coastal storm threats and housing market shifts mean your coverage needs change over time. Shop for new quotes each year and especially after home improvements to ensure you're properly protected.
Chubb, USAA and New Jersey Skylands lead the state's home insurance market with strong financial ratings and comprehensive coverage options. Compare quotes from these providers and prioritize protection against flash floods and severe storms while ensuring adequate rebuilding costs and liability coverage.
Common questions New Jersey homeowners ask when shopping for home insurance:
No, standard home insurance policies exclude flood damage coverage. Homeowners need separate flood insurance through the National Flood Insurance Program or private insurers to protect against water damage from natural flooding, storm surge, or overflowing bodies of water. This additional coverage requires a separate policy and premium beyond your regular homeowners insurance.
Your dwelling coverage needs to match the full cost to rebuild your home, not its market value. Take inventory of your belongings to determine adequate personal property coverage amounts. Get a professional appraisal or use construction cost calculators to estimate accurate rebuilding expenses for your specific property.
Flooding increases home insurance rates in New Jersey as insurers assess higher risk levels and anticipate more frequent claims. Coastal areas and regions near rivers face the steepest premium increases due to elevated flood exposure. However, homeowners can qualify for discounts by installing flood-resistant materials and protective measures like sump pumps, which reduce potential damage and help lower overall premiums.
Replacement cost coverage pays to replace your damaged belongings with new items at current market prices, while actual cash value coverage only reimburses you for what your items were worth after depreciation. For instance, if your five-year-old television gets destroyed, replacement cost would buy you a brand new TV, but actual cash value would only pay what your old television was worth at the time of loss.
Our analysis identifies which insurers balance affordability with coverage for New Jersey-specific risks. We evaluated home insurance providers across three weighted factors that determine value for New Jersey homeowners.
Affordability (55%): We analyzed rates for different home types, credit tiers and risk levels. Providers earned higher scores for competitive pricing and extensive discounts. Cost carries the heaviest weight because premiums determine whether you can maintain coverage long-term. New Jersey's high rebuilding costs and frequent hail claims make affordable coverage important.
Customer satisfaction (30%): We reviewed ratings from Trustpilot, app stores and J.D. Power surveys covering the buying process, policy management and claims handling. These ratings show which companies deliver consistent service throughout your relationship, not just competitive quotes. Claims experience matters most when wildfire or hail damage strikes and you need prompt payment and clear communication.
Coverage options (15%): We assessed add-on availability, unique features and state access. More flexibility lets you tailor policies to New Jersey needs like wildfire coverage, water backup from snowmelt and equipment breakdown coverage for HVAC systems in temperature extremes. Standard policies don't always address New Jersey's specific hazards without customization.
Our Sample Profile
Costs reflect a homeowner aged 41 to 60 with good credit and no prior claims insuring a 2,500-square-foot home built in 2000. Coverage includes $250,000 dwelling coverage, $125,000 personal property coverage, $200,000 personal liability coverage and a $1,000 deductible. This profile represents typical New Jersey homeowners balancing comprehensive coverage with manageable premiums.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
