The Best Home Insurance in New Jersey for 2024

Chubb and NJM are among the best home insurance companies in New Jersey.

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Written by Sarah Schlichter
Lead Writer
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Assistant Assigning Editor
Fact Checked

Chubb and NJM are among the best home insurance companies in New Jersey, according to NerdWallet's analysis.

We analyzed data from more than 30 insurance companies to help you find the best home insurance in New Jersey. Below are the insurers that earned 4.5 stars or more in our analysis. Rates are based on a sample homeowner with good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

Company

NerdWallet star rating

Average annual rate

5.0

NerdWallet rating 

Not available

5.0

NerdWallet rating 

Not available

5.0

NerdWallet rating 

$1,005

4.5

NerdWallet rating 

Not available

4.5

NerdWallet rating 

Not available

4.5

NerdWallet rating 

$1,355

4.5

NerdWallet rating 

$1,480

4.5

NerdWallet rating 

Not available

4.5

NerdWallet rating 

$1,220

4.5

NerdWallet rating 

$920

5.0

NerdWallet rating 

$1,100

*USAA homeowners policies are available only to active military, veterans and their families.

  • Strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial products that work best for you. See our criteria for evaluating homeowners insurance.

  • More than 270 million rates analyzed by our team of specialists.

  • More than 50 insurance companies analyzed in all 50 states and Washington D.C. (See our top picks.)

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The best home insurance companies in New Jersey

Here's more information about the best homeowners insurance companies in New Jersey.

insurance-product-card-logo

Amica

5.0

NerdWallet rating 
Well-established insurer known for great customer service.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

Amica

5.0

NerdWallet rating 
Well-established insurer known for great customer service.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

Amica stands out for its customer service and broad range of coverage options. The company has drawn far fewer consumer complaints to state regulators than expected for an insurer of its size, according to the National Association of Insurance Commissioners.

You can customize your policy with extra coverage above your dwelling limit, in case your house costs more to rebuild than expected. You may also want to add coverage for damage from water backups or recovery from identity theft.

insurance-product-card-logo

Chubb

5.0

NerdWallet rating 
Perks and high coverage limits for affluent homeowners.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

Chubb

5.0

NerdWallet rating 
Perks and high coverage limits for affluent homeowners.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

Chubb caters to owners of high-value homes and draws far fewer consumer complaints than expected for a company of its size, according to the NAIC. Its home insurance policies come with some great perks, including extended replacement cost in case it costs more than your dwelling limit to rebuild your home after a disaster.

If you insure a secondary or seasonal home in New Jersey with Chubb, you can sign up for the company’s Property Manager service at no charge. With this service, a Chubb representative will inspect your home after a hurricane, report its condition to you, submit a claim on your behalf and help prevent further damage.

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NJM

5.0

NerdWallet rating 
Pays enough to rebuild your house, no matter the cost.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

NJM

5.0

NerdWallet rating 
Pays enough to rebuild your house, no matter the cost.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

NJM includes coverage that other companies typically charge extra for. For example, NJM will pay the full cost to rebuild your home even if it’s more than your dwelling limit. It will also pay enough for you to buy brand-new replacements for your belongings if they’re stolen or destroyed. (Many companies pay a lower amount based on depreciation.)

On top of its robust coverage options, NJM also stands out for customer service. It’s drawn far fewer complaints to state regulators than expected for an insurer of its size, according to the NAIC.

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Andover Companies

4.5

NerdWallet rating 
Superior coverage sold through independent agents in select states.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

Andover Companies

4.5

NerdWallet rating 
Superior coverage sold through independent agents in select states.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

The Andover Companies’ home insurance policies generally come with broader coverage for your belongings and more coverage for the structure of your home than a standard homeowners policy provides. (Note that most but not all homes qualify for this coverage.)

Most Andover policies also include a generous amount of ordinance or law coverage, which pays to upgrade your home to current building codes during repairs after a covered claim.

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Cincinnati Insurance

4.5

NerdWallet rating 
Sells homeowners policies through local independent agents across the U.S.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

Cincinnati Insurance

4.5

NerdWallet rating 
Sells homeowners policies through local independent agents across the U.S.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

Cincinnati Insurance sells homeowners policies through independent agents, with various options for standard and high-value homes. You may be able to add coverage for things like identity theft, personal cyber attacks or certain types of water damage.

Cincinnati may offer you a discount for bundling home and auto insurance, having a newer home or installing a centrally monitored alarm system.

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Farmers

4.5

NerdWallet rating 
Those seeking policy add-ons like diminishing deductibles and claims forgiveness may want to consider Farmers.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Farmers

4.5

NerdWallet rating 
Those seeking policy add-ons like diminishing deductibles and claims forgiveness may want to consider Farmers.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Farmers stands out for its lengthy list of discounts, including ones for installing protective systems like fire alarms and sprinklers, not smoking for the past two years, and paying your premium on time.

Add-on options include personal property replacement cost coverage, which will fully reimburse you for the cost of replacing a stolen, damaged or destroyed item. You may also want to buy water backup coverage, which applies if sewer lines or sump pumps back up and damage your home.

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The Hanover

4.5

NerdWallet rating 
Best for homeowners looking for many ways to customize their policy.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

The Hanover

4.5

NerdWallet rating 
Best for homeowners looking for many ways to customize their policy.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

The Hanover gives homeowners lots of choices. You can opt for an auto/home package, a policy designed for high-value homes or a standalone policy for a standard house. You can further customize your policy with a range of options such as guaranteed replacement cost coverage, which will pay as much as it takes to rebuild your home after a disaster.

The Hanover sells policies exclusively through local independent agents. That means online quotes aren’t available, but you can get personal service to help you choose the right coverage.

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Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Nationwide’s standard homeowners policies include ordinance or law coverage, which pays to bring your home up to the latest building codes after a covered claim. They also include coverage for unauthorized credit or debit transactions. For an extra cost, you may be able to add coverage for things like water backup, identity theft and stronger materials to replace your roof.

Depending on how much personal assistance you need, you can get a quote for homeowners insurance on the Nationwide website or work with a local agent instead. You can also use the website to pay bills, file claims or check claim status.

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State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

State Farm is a great choice for homeowners who like to work directly with a representative, as the company sells policies through a wide network of agents. And its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size.

State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.

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Travelers

4.5

NerdWallet rating 
Offers lots of coverage options, decent discounts and a strong online experience.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

Travelers

4.5

NerdWallet rating 
Offers lots of coverage options, decent discounts and a strong online experience.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

Travelers offers a robust online experience. You can use the website to get a homeowners insurance quote, file and track claims, make payments, and learn about insurance basics.

Its coverage offerings are similarly strong. For example, you may be able to add extra coverage in case the dwelling limit on your home isn’t enough to rebuild your house after a disaster. One unique option is Travelers’ green home coverage, which pays extra if you want to use eco-friendly materials when repairing or rebuilding your home after a covered claim.

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USAA

5.0

NerdWallet rating 
Offers perks and affordable rates for the military community.

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

USAA

5.0

NerdWallet rating 
Offers perks and affordable rates for the military community.

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

USAA sells homeowners insurance to veterans, active military members and their families. If that description fits you, you may want to consider a USAA policy. That’s because the company’s homeowners insurance has certain features that other insurers may charge extra for.

For example, USAA automatically covers your personal belongings on a replacement cost basis. Many companies pay out only what your items are worth at the time of the claim, which means you may not get much for older items. USAA pays enough for you to buy brand-new replacements for your stuff.


How much does homeowners insurance cost in New Jersey?

The average annual cost of home insurance in New Jersey is $1,150. That’s 40% less than the national average of $1,915.

In most U.S. states, including New Jersey, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score. 

In New Jersey, those with poor credit pay an average of $2,240 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 95% more than those with good credit.

Average cost of homeowners insurance in New Jersey by city

The cost of your policy depends on where you live in New Jersey. For example, the average cost of homeowners insurance in Newark is $1,260 per year, on average, while homeowners in Piscataway and Edison pay less than $900 per year, on average.

City

Average annual rate

Average monthly rate

Bayonne

$1,105

$92

Brick

$1,225

$102

Camden

$1,210

$101

Cherry Hill

$1,175

$98

Clifton

$1,065

$89

East Orange

$1,305

$109

Edison

$830

$69

Elizabeth

$1,180

$98

Hoboken

$1,120

$93

Irvington

$1,150

$96

Jackson

$1,020

$85

Jersey City

$1,175

$98

Lakewood

$1,080

$90

Newark

$1,260

$105

North Bergen

$1,105

$92

Passaic

$1,275

$106

Paterson

$1,220

$102

Perth Amboy

$1,020

$85

Piscataway

$870

$73

Plainfield

$1,010

$84

Toms River

$1,170

$98

Trenton

$1,145

$95

Union City

$1,150

$96

Vineland

$1,130

$94

West New York

$1,025

$85

The cheapest home insurance in New Jersey

Here are the insurers we found with average annual rates below the New Jersey average of $1,150.

Company

NerdWallet star rating

Average annual rate

Selective

Not rated

$695

Cumberland Mutual

Not rated

$725

4.5

NerdWallet rating 

$920

5.0

NerdWallet rating 

$1,005

New Jersey Skylands

Not rated

$1,065

Franklin Mutual

Not rated

$1,130

US Coastal

Not rated

$1,140

5.0

NerdWallet rating 

$1,100

*USAA homeowners policies are available only to active military, veterans and their families.

Take control of your insurance.
It's easy with your free NerdWallet account. Link and monitor your auto and property insurance policies and costs in one secure location. Get notified when it's time to renew or explore new options.

Common risks for New Jersey homeowners

Here are a few things to keep in mind when evaluating home insurance options in New Jersey.

Hurricanes and tropical storms

To protect yourself financially from hurricanes and tropical storms, you’ll need insurance for both wind and flood damage. While most homeowners insurance policies cover wind damage, they generally don’t cover flooding. If you live near the coast or in another area prone to flooding, you may want to buy separate flood insurance. (Depending on where you live, your mortgage lender may even require it.)

If New Jersey, your homeowners policy may have a separate hurricane or windstorm deductible that’s higher than your general deductible for other types of claims.

A windstorm or hurricane deductible is typically a percentage of your home’s dwelling coverage rather than a flat dollar amount. So if your home is insured for $300,000 with a 5% deductible, you’ll have to pay for the first $15,000 of damage from a storm. To find your deductibles, check your homeowners declarations page or call your agent.

Winter storms

Winter weather can cause a variety of problems for your home, including bursting pipes and fallen trees. A standard homeowners policy often covers damage due to snow or ice, though it depends on the circumstances.

For example, damage resulting from a burst pipe might not be covered if you were away from home and left the thermostat set too low. If heavy snow knocks a tree onto your roof, that damage would likely be covered. But if the tree simply falls in your yard, your policy may not pay to remove it.

Tornadoes

A standard homeowners policy covers damage to your home due to windstorms, which include tornadoes. However, it may not cover damage to your trees or landscaping. Learn more about homeowners insurance and tornadoes.

Leaking oil tanks

If your property has an underground storage tank for heating oil, you may want to check your homeowners policy to see what coverage you have. These oil tanks may leak, requiring expensive cleanup and potentially putting you at risk of a lawsuit if the damage spreads beyond your property line.

Some New Jersey homeowners insurance companies will charge you extra if you have an underground storage tank. They may also refuse to pay for damage on your property if the tank leaks. You may be able to get a certain amount of liability coverage for the tank. That means if someone sues you because a leak causes damage to their property, the company would help cover the costs.

New Jersey department of insurance

New Jersey’s Department of Banking and Insurance can help policyholders who have questions or complaints about their homeowners insurance. You can get information online or call the agency’s consumer hotline at 800-446-7467.

By law, you must receive a one-page coverage summary when you buy or renew your New Jersey homeowners insurance policy. This document explains what your policy does and doesn’t cover.

Frequently asked questions

Unlike auto insurance, homeowners insurance isn’t required by law in New Jersey. But if you have a mortgage, your lender will probably require you to buy coverage for the home. For more information, read Is Homeowners Insurance Required?

The average cost of home insurance in New Jersey is $1,150 per year, or about $96 per month, according to a NerdWallet rate analysis.

A standard homeowners insurance policy covers the full structure of your house, including the roof. But whether the policy will pay to repair or replace your roof depends on the cause of the damage. As long as the roof was damaged by something your policy covers — such as fire or heavy snow — your policy will generally pay for repairs, minus your deductible. However, homeowners insurance won’t cover damage due to negligence or simple wear and tear. Learn more about home insurance and roof leaks.

Methodology

NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.

Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

  • $1,000 in medical payments coverage.

We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.

We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Star rating methodology

NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.

Complaint methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2021-2023. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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