Average homeowners insurance cost in New Jersey

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Home insurance in New Jersey costs an average of $1,401 per year for standard coverage.

Your actual cost depends on your dwelling coverage limit and the protection level you choose. Higher coverage means higher premiums. National General offers competitive rates in the state, making it a strong option to consider as you compare coverage levels.

Shop around and ask about discounts. Rates vary widely between insurers, and depend on factors like your home’s location, age, construction, roof condition, and claims history-so getting quotes specific to your address and comparing several companies helps you find the best deal.

Key Takeaways

Based on our data, homeowners insurance in New Jersey costs an average of $1,401 per year.
Among all ZIP codes in New Jersey, 8558 has the most affordable rates, averaging around $1,069 annually.
For the lowest insurer rates in New Jersey, National General comes in at an average annual premium of $977.

What is the average cost of homeowners insurance in New Jersey?

The average homeowners insurance premium in New Jersey is $1,401 per year. That figure is based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in New Jersey? Cost by coverage level

The typical homeowners insurance policy in New Jersey runs $1,401 per year, assuming $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Stepping up to $400,000 in dwelling coverage, with the same liability and deductible settings, brings the average annual cost to $1,779 in New Jersey.

The table below shows average homeowners insurance costs in New Jersey for dwelling coverage from $200,000 to $1 million.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$1,028	$86
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$1,047	$87
$300,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$1,401	$117
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$1,421	$118
$400,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$1,779	$148
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$1,799	$150
$600,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$2,460	$205
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$2,481	$207
$1,000,000 with $2,500 Deductible and $200,000 Liability and 2% Hurricane	$3,384	$282
$1,000,000 with $2,500 Deductible and $300,000 Liability and 2% Hurricane	$3,405	$284

Average home insurance cost in New Jersey by insurer

The most affordable homeowners insurance in New Jersey comes from National General, which averages $977 per year. Franklin Mutual and NJM are also worth considering.

Shopping around can save you hundreds, or more, each year.

Below are average annual and monthly premiums for New Jersey homeowners, based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
National General	$977	$81
Franklin Mutual	$1,142	$95
NJM	$1,201	$100
Chubb	$1,295	$108
Farmers	$1,417	$118
Plymouth Rock Assurance	$1,461	$122
State Farm	$1,845	$154
Heritage Insurance Holdings	$2,029	$169
USAA*	$1,434	$120

*USAA is only available to military community members and their families.

How to lower your home insurance rate

Shop around. A single quote won’t tell you much. Comparing rates from three or four different insurers in New Jersey is the surest way to find a competitive price.
Bundle your policies. Pairing home and auto insurance, or renters and auto, with the same provider is a straightforward way to qualify for multi-policy discounts.
Ask about smart home discounts. Home security systems, smoke detectors, and leak detection devices are upgrades that many insurers reward with lower premiums.
Check for other savings. It’s worth asking your insurer about loyalty discounts, claims-free incentives, and credits for improvements like fire-resistant roofing materials.

How does your ZIP code affect home insurance rates in New Jersey?

Where you live plays a major role in what you pay for home insurance. Your ZIP code signals the level of risk in your area, so places prone to crime, natural disasters, or costly rebuilds tend to come with higher premiums.

Here’s a look at the most and least affordable ZIP codes for home insurance across New Jersey.

Most affordable ZIP codes for home insurance in New Jersey

The lowest rates in New Jersey are found in 8558, where homeowners pay an average of $1,069 per year.

Where you live in New Jersey has a real impact on what you’ll pay for home insurance – and your ZIP code is one of the largest drivers of that difference.

Below are average homeowners insurance rates for some of the most affordable ZIP codes in New Jersey.

ZIP code	Average annual rate	Average monthly rate
8558	$1,069	$89
7940	$1,091	$91
8502	$1,095	$91
7834	$1,098	$92
7950	$1,101	$92
8504	$1,109	$92
7960	$1,122	$93
7432	$1,124	$94
7436	$1,126	$94
7430	$1,127	$94

Most expensive ZIP codes for home insurance rates in New Jersey

8203 has the highest rates in New Jersey at an average of $2,263 per year.

Home insurance costs more in certain ZIP codes due to higher crime rates, natural disaster risk, and living costs.

Below, we’ve highlighted some of the most expensive ZIP codes in New Jersey for home insurance:

ZIP code	Average annual rate	Average monthly rate
8203	$2,263	$189
8406	$2,227	$186
8402	$2,173	$181
8403	$2,144	$179
8008	$2,118	$177
8401	$2,112	$176
8752	$2,098	$175
8751	$2,085	$174
8006	$2,078	$173
8735	$2,076	$173

What are the best homeowners insurance companies in New Jersey?

Our data points to Chubb as the best overall pick in New Jersey, thanks to its AM Best rating of A++ and one of the lowest NAIC complaint scores in the state.

We ranked insurers using two measures that matter most when you’re counting on coverage:

AM Best Ratings reflect financial strength-essentially, how confidently a company can cover claims.
NAIC Complaint Scores track complaints in proportion to a company’s size, so a lower number means fewer headaches for policyholders.

Combined, they offer a clear read on whether an insurer is both financially sound and easy to deal with. In the table below, you’ll find the top companies in New Jersey compared by annual premium, financial rating, and complaint history.

Company	Average annual premium	Am Best Rating	NAIC Complaint Index	Overall score
Chubb	$1,295	A++	0.07	4.93
NJM	$1,201	A+	0.06	4.84
National General	$977	A+	0.98	4.82
Franklin Mutual	$1,142	A	1	4.7
Farmers	$1,417	A	0.89	4.67
State Farm	$1,845	A	1.15	4.6
Plymouth Rock Assurance	$1,461	A-	1.13	4.55
USAA*	$1,434	A++	0.46	4.89

*USAA is only available to military community members and their families.

How to understand insurer ratings and complaint data

Picking an insurer really comes down to whether they pay when you file a claim, and whether they treat you well along the way. You don’t have to guess – independent rating agencies track this data so you can choose with confidence, whether you’re signing up or renewing.

These are the two ratings we’ve used:

AM Best is a global agency that scores insurers on their financial strength and ability to pay claims. The higher the rating, the more stable the company.
NAIC Complaint Index, run by the National Association of Insurance Commissioners, tracks consumer complaints. A score of 1.00 is the industry average; below 1.00 means fewer complaints than expected for the company’s size, and above 1.00 means more.

What factors affect your home insurance rate?

Home insurance is priced according to the risk an insurer associates with your property and personal profile. The factors that carry the most weight include:

Where you live. Crime levels, weather-related risks, and local claims activity all factor into your rate.
Your claims history. Having filed claims in the past generally leads to a higher premium going forward.
Your credit-based insurance score. Most states allow insurers to use credit as a pricing factor. A lower score can result in a higher rate, though states such as California and Massachusetts have restrictions on this practice.
Your coverage limits and deductible. Choosing higher coverage or a lower deductible will increase your annual cost.

Home insurance costs have also been rising nationally. S&P Global Market Intelligence’s RateWatch application found that premiums for owner-occupied homes increased by more than 11% in 2023.

Resources and Methodology

Sources:

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed August 2026.

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 37,973,840 quotes from 75 company groups (134 companies) across 34,595 ZIP codes in all 51 states.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

The national average annual premium (non-hurricane deductible) is $2,543.

Company rankings factor in:

AM Best rating: 30%
NAIC score: 35%
Annual premium: 35%

All quoted rates are for comparison purposes and individual premiums may vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.