How much is homeowners insurance in Highland Park,NJ

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The average cost of homeowners insurance in Highland Park is $1,372 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,132 less than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Highland Park depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Highland Park, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Highland Park.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Highland Park.

Key takeaways

The cost of your homeowners insurance policy in Highland Park can vary based on factors such as your location, the value of your home, and the coverage options you select.
New Jersey Manufacturers is the cheapest homeowners insurance company in Highland Park with an average annual premium of $826.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $317 more, annually for home insurance.

How much is homeowners insurance in Highland Park per month

According to our rate analysis, homeowners in Highland Park pay an average of $114 per month. It’s $11 less than the state average of $125 and $95 less than the national average for home insurance across the United States.

In Highland Park, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

How much is homeowners insurance for a $200,000 house in Highland Park

In Highland Park, NJ, homeowners pay an average of $1,055 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

How much is homeowners insurance for a $300,000 house in Highland Park

Based on a rate analysis conducted by Insure.com, Highland Park residents pay an average of $1,372 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $317 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

How much is homeowners insurance in Highland Park by company

Among the carriers analyzed, New Jersey Manufacturers is the most affordable homeowners insurance company in Highland Park, offering an average annual rate of $826.

Chubb Ltd ranks second, while National General Insurance holds the third spot with an average annual rate of $1,036.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Highland Park and compiled a list of the most affordable options.

Below are the details of home insurance companies in Highland Park and their average annual premiums.

Home insurance company	Annual rate
New Jersey Manufacturers	$826
Chubb Ltd	$1,032
National General Insurance	$1,036
State Farm	$1,037
Franklin Mutual	$1,270
Heritage Insurance Holdings	$1,725
Plymouth Rock Assurance	$1,938
Farmers	$2,055
USAA*	$1,120

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Highland Park for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.