MoneyGeek found Chubb is the best home insurance company in New Jersey overall, and also that it is the best for service quality, regardless of cost, and has the most affordable home insurance. State Farm is the top choice if you have an expensive home in New Jersey to insure.
MoneyGeek’s scoring system found the best home insurance in New Jersey for various types of homeowners, and we reviewed the coverages and discounts companies offer to help you find the best choice.
If you’re more concerned with savings than service quality, MoneyGeek also analyzed the cheapest home insurance companies in New Jersey.
The Best Homeowners Insurance in New Jersey






The Best Overall Homeowners Insurance Companies in New Jersey
MoneyGeek determined the best overall homeowners insurance companies in New Jersey by evaluating customer satisfaction and claims reputation, affordability and financial stability.
The best overall home insurance companies in New Jersey are:
- Chubb: MoneyGeek score of 85 out of 100
- State Farm: MoneyGeek score of 84 out of 100
USAA was omitted from our analysis because only active-duty military or veterans are eligible for a policy, but it received a MoneyGeek score of 95 out of 100, making it the best home insurance company in New Jersey for them.
MoneyGeek outlined below why Chubb and State Farm are the best overall home insurance providers in New Jersey and the specific coverages and discounts each company provides.
The Top Home Insurance Companies in New Jersey

With an average annual premium of $745, Chubb got a perfect 5 out of 5 score for affordability, as well as stability. Its overall customer satisfaction rating is average. A unique add-on coverage Chubb offers is cash settlement.
If you add cash settlement to your homeowners policy and experience a total loss, you can choose not to rebuild or rebuild elsewhere, and Chubb will pay you cash up to your policy limit. For every policy, Chubb includes contents replacement cost that replaces damaged items or pays you the cash equivalent, which is rare. As for rare discounts, Chubb has a gated community discount.
Read MoneyGeek's Chubb home Insurance Review
A State Farm home insurance policy costs around $1,162 annually, which reflects the above-average score the company got for affordability. It’s also above-average for customer satisfaction and scored excellent for stability. A rare add-on coverage State Farm offers is for mold.
State Farm offers the unique mold add-on coverage that provides up to $20,000 for fungus and mold remediation. Also, you can add the energy efficiency upgrade that provides 150% of the loss incurred to replace a heating, air conditioning or water heater system with a more energy-efficient model. State Farm also has unique discounts, such as for being continuously insured.
Read MoneyGeek's State Farm home Insurance ReviewTo find the best homeowners insurance providers, MoneyGeek gathered home insurance quotes across the United States and balanced them against J.D. Power property claims ratings and customer satisfaction scores. We used the data to determine the best home insurance nationally and in New Jersey.
Remember that your cost and experience may vary based on your circumstances. For more information, you can read MoneyGeek’s methodology.
The Best Homeowners Companies in New Jersey for Service Quality
For homeowners who aren’t concerned about price but want great service, MoneyGeek scored the best home insurance companies in New Jersey, based almost entirely on customer satisfaction and claims experience.
The best home insurance companies for service quality in New Jersey are:
- Chubb: MoneyGeek score of 82 out of 100
- State Farm: MoneyGeek score of 81 out of 100
USAA was excluded from our analysis because its policies are only for military families. With a MoneyGeek score of 100 out of 100, it is the best home insurance provider in New Jersey for active-duty military or veterans.
MoneyGeek explained why Chubb and State Farm are the best in New Jersey for customer service quality without considering cost and the coverages and discounts they offer.
The Top Home Insurance Companies in New Jersey for Quality Service

Chubb is New Jersey's top-rated home insurance provider for claims experience; it is the only widely available company with an above-average rating. That means policyholders receive great customer service when filing a claim. For overall customer satisfaction, Chubb got an average score.
Chubb includes extended reimbursement on every policy, which is very rare. In a covered loss, it pays the cost to repair/rebuild your home, even if it exceeds your policy limit. You can choose to add risk consulting, a unique offering, which sends a team of highly qualified risk experts to assess your house and provide any necessary protection recommendations.
Read MoneyGeek's Chubb home Insurance Review
For customer satisfaction, State Farm is New Jersey's top-rated, open-to-all home insurance company, scoring above-average. State Farm provides quality policy offerings and processes. For claims, State Farm received an average score.
State Farm offers add-on vandalism and glass breakage coverage for a property that is vacant and empty for more than 30 days. Another unique coverage is home rental, protecting homeowners who rent out a property for more than 30 nights in a 12-month period.
Read MoneyGeek's State Farm home Insurance ReviewThe Best Homeowners Companies in New Jersey on a Budget
For homeowners who want great customer service alongside a home insurance policy that saves them money, MoneyGeek discovered the best home insurance companies in New Jersey on a budget.
The most budget-friendly home insurance companies in New Jersey are:
- Chubb: MoneyGeek score of 93 out of 100
- Travelers: MoneyGeek score of 89 out of 100
USAA scored second for budget-conscious New Jersey homeowners at 91 out of 100; however, it is only for active-duty military members and veterans, which is why we excluded it.
Chubb costs around $745 a year for home insurance in New Jersey, while Travelers costs roughly $863 a year.
We explained why Chubb is the best home insurance company in New Jersey for homeowners on a budget and the unique coverages and discounts it offers.
The Top Home Insurance Companies in New Jersey on a Budget

pros
Affordable home insurance coverage at $745 per year
Discounts for newly built homes, renovated homes and being claims-free
cons
MoneyGeek satisfaction rating of 3.77 out of 5
COMPANY HIGHLIGHTS
Chubb received a perfect 5 out of 5 for affordability; it provides the cheapest home insurance in New Jersey. Policyholders may be eligible for multiple discounts through Chubb, such as bundling home and auto policies, having a protective burglar or fire alarm or being claims-free for a period.
Chubb also provides a unique discount to policyholders who live in gated communities.
The Best Homeowners Companies in New Jersey for Expensive Homes
MoneyGeek scored the best home insurance companies in New Jersey for expensive homes that cost a lot to rebuild. To find the best companies, we weighed the cost of insuring a home that would cost $2 million to replace against customer satisfaction.
The insurance companies in New Jersey that are best for insuring an expensive home are:
- State Farm: MoneyGeek score of 85 out of 100
- Allstate: MoneyGeek score of 80 out of 100
USAA got a perfect score of 100 out of 100 for insuring an expensive home in New Jersey, but we did not include it because it is exclusively accessible to military personnel and their families. For them, it is the top choice in New Jersey.
MoneyGeek outlined why State Farm is the best for a homeowner with an expensive home they need to insure in New Jersey and the special coverages available that appeal to homeowners who need a lot of coverage.
The Top Home Insurance Companies in New Jersey for High-Value Homes

pros
Affordable insurance for an expensive home at roughly $6,838 per year
Customer satisfaction rating of 4.1 out of 5
cons
No extended reimbursement or contents replacement cost coverage
COMPANY HIGHLIGHTS
State Farm received above-average ratings for customer satisfaction and affordability when insuring a high-value home.
State Farm provides various add-on coverages that are especially beneficial to those who own an expensive property. One is cyber event and identity theft to help restore your identity through case management services with expense reimbursement. Another is scheduled personal property that provides added coverage for items like jewelry, silverware and goldware, business property and firearms.
The Best Homeowners Companies in New Jersey for Veterans
MoneyGeek reviewed home insurance companies to find the best for military families in New Jersey. We discovered USAA is the best company in New Jersey for military members on active duty and veterans.
USAA got a MoneyGeek score of 95 out of 100. In New Jersey, a policy costs around $1,208 per year, which is above-average for affordability.
USAA solely serves current and former military personnel and their families, providing them with service tailored to their specific needs.
The Top Home Insurance Companies in New Jersey for Veterans

pros
Tailors coverage to military families
MoneyGeek satisfaction rating of 5 out of 5
MoneyGeek affordability score of 4.23 out of 5
cons
Not accessible to anyone without a military background
COMPANY HIGHLIGHTS
For customer satisfaction, USAA has an excellent score — the highest in the state. It’s above-average for affordability in New Jersey for home insurance.
Military families may benefit from unique coverages and savings USAA offers. For example, USAA includes contents replacement cost in every homeowners policy at no extra charge to cover the full replacement of possessions, without depreciation.
Bundling home and car insurance may save veterans a lot of money thanks to USAA’s discount. A discount is also available if you have a protective device like a security system or don’t file a claim for five or more years.
The Best Homeowners Companies in New Jersey for Bundling
You can save money when you bundle home and car insurance policies. MoneyGeek found the best New Jersey home and auto insurance bundle for homeowners who want to balance the best home insurance policy with the best car insurance in New Jersey.
In New Jersey, the best companies to bundle home and auto insurance are:
- State Farm: MoneyGeek score of 76 out of 100
- Allstate: MoneyGeek score of 75 out of 100
Bundling your home and car insurance policies saves you money because of discounts. Plus, using one company for your insurance needs makes everything much simpler to manage.
The Top Home Insurance Companies in New Jersey for Bundling

pros
22% bundling discount
Home MoneyGeek score of 4.2 out of 5
cons
Auto MoneyGeek score of 3.17 out of 5
COMPANY HIGHLIGHTS
State Farm received an above-average MoneyGeek score for home insurance but an average score for auto insurance. With a 22% bundling discount, though, State Farm is the best insurance company in New Jersey for bundling auto and home policies.
Through State Farm, you can get unique add-on coverages for home and auto policies.
You can include on your homeowners policy the energy efficiency upgrade. If your heating, air conditioning or water heater needs replacing after a covered loss, it covers up to 150% of the cost of a new, more efficient model.
Rideshare insurance is an add-on for State Farm auto insurance policies to protect drivers while working for a ridesharing company by covering medical expenses, emergency roadside assistance, and more.
How to Find the Best Home Insurance in New Jersey
To find the best home insurance in New Jersey, you must consider a company’s customer satisfaction rating, affordability and financial stability. MoneyGeek has gathered the necessary information to help you make a decision, but you can analyze each company yourself to find the best home insurance company in New Jersey.
Research Customer Service Reputations in New Jersey
MoneyGeek examined the customer service reputations of home insurance providers in New Jersey. You may also look at the NAIC complaint ratios and J.D. Power satisfaction scores of insurance companies. You can also learn more about home insurance companies through the New Jersey Division of Insurance.
Compare Quotes for Yourself
MoneyGeek used sample homeowner profiles to get average home insurance quotes in New Jersey, but we did not cover every profile or area of the state. To get an idea of your home insurance costs, gather and compare quotes from at least three different companies.
Make Sure the Company Has Coverages You Want in New Jersey
Insurance carriers often advertise specific coverages and discounts; however, they may not be available in every state. Before purchasing a policy, check with the company to see whether the coverages and discounts you want are available in New Jersey.
Double-Check Financial Stability Ratings
Always examine the financial stability of a home insurance company in New Jersey. Large insurance companies are often more financially secure than regional insurance companies in New Jersey.
FAQs About the Best Home Insurance in New Jersey
The best insurance for your home in New Jersey depends on your needs. MoneyGeek answered a couple of frequently asked questions about home insurance in New Jersey.
Methodology
MoneyGeek scores for homeowners insurance in New Jersey were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in New Jersey that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across New Jersey. Quotes were gathered with an average home profile of 2,500 square feet, built-in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
About Mark Fitzpatrick
