New Jersey's average home insurance premium costs $148 per month or $1,771 annually. That's $141 less monthly than the national average, saving residents $1,696 per year. New Jersey ranks 35th most expensive nationwide for home insurance coverage.
Average Home Insurance Cost in New Jersey
Updated: May 7, 2026
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Key Takeaways: New Jersey Home Insurance Rates
New Jersey home insurance costs average $148 monthly or $1,771 annually, ranking as the thirty-fifth most affordable state for homeowners coverage.
Determine your coverage needs, gather multiple quotes and research providers to find the best home insurance in New Jersey at competitive rates.
MoneyGeek's free home insurance calculator helps you estimate costs in seconds without entering any personal information.
How Much Is Home Insurance in New Jersey?
| New Jersey | $1,771 | $3,467 | -49% |
*These rates are for a frame construction home built in 2000 with $250,000 dwelling, $125,000 personal property, $200,000 liability coverage and a $1,000 deductible.
What Affects Average New Jersey Home Insurance Costs?
Several factors influence what you pay for home insurance in New Jersey. Your location, coverage limits, home construction materials, credit score and claims history all factor into your premium, and each one pulls in a different direction.
Average Cost of New Jersey Home Insurance by Company
Your choice of insurer has an outsized impact on what you pay in New Jersey. Chubb charges $953 a year on average, while Plymouth Rock charges $2,808. That's nearly three times as much. Comparing quotes before you commit can make a real difference in what you pay.
| Chubb | $79 | $953 |
| Farmers | $110 | $1,325 |
| State Farm | $111 | $1,332 |
| USAA | $113 | $1,359 |
| Progressive | $136 | $1,630 |
| New Jersey Skylands | $149 | $1,783 |
| Narragansett Bay Insurance Company | $169 | $2,032 |
| The Hanover | $227 | $2,721 |
| Plymouth Rock | $234 | $2,808 |
Average New Jersey Home Insurance Cost by City
Where you live in New Jersey affects your home insurance rate. Property values, housing age and weather risks all vary by location, and insurers price those differences into your premium.
| Clarksboro | $143 | $1,722 |
| Elizabeth | $139 | $1,662 |
| Elizabethport | $142 | $1,707 |
| Ho Ho Kus | $125 | $1,496 |
| Jersey City | $159 | $1,913 |
| Newark | $169 | $2,024 |
| Paterson | $145 | $1,741 |
| Plainfield | $129 | $1,543 |
Average New Jersey Homeowners Insurance Pricing by Coverage Level
Homeowners pay between $957 and $5,366 annually based on coverage choices. What you pay for insurance increases with higher dwelling coverage limits and lower deductibles. Lower coverage amounts and higher deductibles decrease your yearly costs.
| $100K Dwelling / $50K Personal Property / $100K Liability | $80 | $957 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $148 | $1,771 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $241 | $2,893 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $344 | $4,131 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $447 | $5,366 |
Average New Jersey Home Insurance Cost by Credit Score
Your credit score affects what you pay for home insurance in New Jersey. Insurers see higher scores as lower risk and price premiums accordingly. Annual rates range from $1,002 to $2,660 depending on your credit profile.
| Excellent | $84 | $1,002 |
| Good | $148 | $1,771 |
| Below Fair | $169 | $2,025 |
| Poor | $222 | $2,660 |
New Jersey Homeowners Insurance Costs by House Age
Older homes cost more to insure. A home built in 2020 averages $1,343 per year, while one built in 1980 costs $1,845. The $502 difference comes down to modern construction, updated systems and current building codes. These reduce claims risk.
| Newer | $112 | $1,343 |
| Middle Age | $148 | $1,771 |
| Older | $154 | $1,845 |
Why Is Home Insurance So Affordable in New Jersey?
New Jersey home insurance costs $1,771 annually on average — 49% below the national average of $3,467. Despite coastal location and weather risks, several factors keep premiums relatively low for Garden State homeowners.
Strong Building Codes Reduce Claims
New Jersey enforces some of the nation's strictest building codes, particularly in coastal areas. The state's Uniform Construction Code requires enhanced wind resistance and flood mitigation features that reduce storm damage. These standards lower claim frequency and severity, allowing insurers to offer more competitive rates.
Competitive Insurance Market
New Jersey's robust insurance marketplace includes a variety of home insurance providers competing for customers. This competitive environment drives insurers to offer lower premiums and better coverage options to attract homeowners, particularly in densely populated areas.
Lower Catastrophic Loss History
While New Jersey faces hurricane risks, the state experiences fewer billion-dollar natural disasters than many coastal states. The moderate claim history compared to states like Florida or Louisiana allows New Jersey insurers to maintain lower baseline premiums while still accounting for weather-related risks.
Tips to Save on New Jersey Home Insurance
Home insurance costs continue climbing, making it important to find the cheapest home insurance in New Jersey. These proven strategies help reduce your premiums.
- 1Calculate Coverage Needs
Base your coverage on your home's replacement cost at today's construction prices, not its market value. Take inventory of your belongings to establish personal property coverage needs. Camden County homeowners should look into water backup coverage given regional weather patterns, while those in Newark may need scheduled coverage for valuable electronics or jewelry.
- 2Research Rates and Discounts
Use MoneyGeek's New Jersey home insurance calculator to estimate fair pricing based on your location, home age and size. Ask each insurer about discounts when you gather quotes. New Jersey providers offer savings for security systems, newer homes, claim-free records and protective devices like smoke detectors or storm shutters.
- 3Compare Multiple Providers
Collect quotes from at least three insurers and look beyond price. Review customer satisfaction ratings, claims service quality and financial strength. A lower premium from a company with poor claims handling may cost more over time. Jersey City and Trenton homeowners should prioritize insurers with strong regional service networks.
- 4Bundle Your Policies
Combining home and auto insurance with the same provider can cut costs on both policies, with bundling discounts ranging from 10% to 25% in New Jersey. It also simplifies managing your coverage.
- 5Lower Your Risk Profile
Install smoke detectors, security systems or storm shutters to qualify for premium reductions. A claim-free record saves $282 to $520 a year compared to filing claims. Improving your credit from below fair to good cuts premiums by about 13% in New Jersey. Paying bills on time and reducing debt are the most direct ways to get there.
Calculate New Jersey Homeowners Insurance Costs: FAQ
New Jersey homeowners insurance costs vary based on your home's location, age, coverage limits and other factors. The FAQs below explain what affects your premiums and help you understand potential expenses.
How much will my premium increase after filing a claim in New Jersey?
Filing a claim in New Jersey increases your premium by $282 after one claim and $519 after two claims compared to claim-free homeowners. New Jersey homeowners without claims pay $1,771 annually on average.Â
One claim raises your rate to $2,053 per year. Two claims bump your annual premium to $2,291. Filing claims stays on your record for five years, so you'll pay these higher rates throughout that period.
How much can I save by choosing a different insurer in New Jersey?
Shopping around for home insurance in New Jersey can put thousands of dollars back in your pocket annually. The cheapest provider, Chubb, charges just $953 per year, while The Hanover costs $2,721 for similar coverage.
Even mid-tier companies show differences. USAA costs $1,359 annually compared to Progressive's $1,630, a $271 yearly difference. Compare quotes from at least three insurers to find the best rate for your situation.
Does home insurance in New Jersey cover tornado damage?
Yes, standard home insurance policies in New Jersey cover tornado damage. It covers wind damage from tornadoes, including damaged roofs, broken windows, and destroyed structures. You will need to pay your deductible before your coverage starts.Â
New Jersey homeowners should review their policy limits to make sure they have enough coverage for potential tornado damage. While tornadoes are less common in New Jersey than in other states, they can still cause damage when they occur.
Why does home insurance cost more for older homes in New Jersey?
Home age impacts insurance costs in New Jersey. Older homes cost 37% more to insure than newer properties. A newer home averages $1,343 annually for coverage, while an older home costs $1,845 per year. That's a $502 difference. Middle-aged homes fall between these at $1,771 annually.
Insurance companies charge higher premiums for older homes because they present greater risks. These properties often have outdated electrical systems, aging plumbing, and worn roofing that are more likely to fail and trigger claims.
How can I lower my home insurance costs in New Jersey?
Shopping around remains important since premiums can vary between insurers for identical coverage. Maintaining a claim-free history delivers annual savings of $282 compared to filing one claim, or $519 versus filing two claims over five years.
Raising your deductible from $500 to $1,000 reduces your annual premium by $129. While you'll pay more upfront during a claim, these yearly savings accumulate over time. Contact multiple insurers about available discounts for policy bundling, security system installations, or newer home features.
How We Analyzed New Jersey Home Insurance Rates
MoneyGeek calculated New Jersey home insurance estimates using real rate data from major insurers. This approach shows how specific factors affect what homeowners actually pay for coverage.
Our calculations use a standard homeowner profile: $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage, and a $1,000 deductible. The home profile includes a house built in 2000 with frame construction and a composition roof, plus no insurance claims in the past five years.
This profile represents typical New Jersey homeowners. The $250,000 dwelling amount matches median home values across many state markets. The 2000 construction year reflects middle-aged homes, which make up the largest segment of New Jersey's housing stock.
We tested each factor by adjusting one element at a time while holding all others constant. For home age comparisons, we analyzed identical policies for houses built in 1980, 2000 and 2020.
Your actual rates will be different depending on your home's construction, roof condition, age, location, coverage amounts, claims history, credit score, and insurance company. The rate differences shown here demonstrate how much these factors matter when you shop for coverage.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has analyzed the insurance market for almost a decade, first with LendingTree and now with MoneyGeek, conducting original research on hundreds of insurance companies and millions of insurance rates for insurance shoppers.Â
He writes about economics and insurance on MoneyGeek, breaking down complex topics so people can have confidence in their purchase. Like all MoneyGeek analysts, Mark collects and analyzes independent cost and consumer experience data on insurance companies to provide objective recommendations in our content that are independent of any of MoneyGeek's insurance company partnerships.Â
His insights on products ranging from car, home and renters insurance to health and life insurance have been featured in The Washington Post, The New York Times and NPR, among others.Â
Mark holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He started his career working in financial risk management at State Street before transitioning to the analysis of the personal insurance market. He's also a five-time Jeopardy champion!
Sources
- Department of Community Affairs. "The Uniform Construction Code (NJAC 5:23)." Accessed January 6, 2026.