How much is homeowners insurance in Jersey City, New Jersey?

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Our data shows that the average cost of homeowners insurance in Jersey City is $1,652 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $852 less than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Jersey City depend on several 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 for more info on how much homeowners insurance costs per month in Jersey City, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Jersey City.

Key Takeaways

Homeowners insurance costs $1,652 per year in Jersey City.
At $1,031 per year, Chubb Ltd offers the cheapest homeowners insurance in Jersey City.
Your home insurance rates increase by $388 more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Jersey City per month?

How much you pay for a homeowners insurance policy depends on the value of your home, your location, and the coverage options you select.

Homeowners in Jersey City pay an average of $138 per month. It’s $13 more than the state average of $125 and $71 less than the national average for home insurance across the nation.

How much is homeowners insurance for a $200,000 house in Jersey City?

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $1,264 per year in Jersey City. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Jersey City?

Jersey City residents pay an average of $1,652 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. To increase your dwelling coverage from $200,000 to $300,000, you’ll pay an additional $388 per year.

The smartest approach is to carry enough insurance to cover the full cost of rebuilding your home.

How much is homeowners insurance in Jersey City by company?

After comparing several homeowners insurance companies, Chubb Ltd offers the lowest rates in Jersey City. Its average annual rate for homeowners in Jersey City is $1,031 , while New Jersey Manufacturers is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Jersey City and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Jersey City and their average annual premiums.

Home insurance company	Annual rate
Chubb Ltd	$1,031
New Jersey Manufacturers	$1,170
National General Insurance	$1,220
Franklin Mutual	$1,553
State Farm	$1,687
Heritage Insurance Holdings	$1,817
Farmers	$2,281
Plymouth Rock Assurance	$2,387
USAA*	$1,318

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

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

Natural disasters in New Jersey that can impact your home insurance

Natural disasters are a part of life in New Jersey, often leading to expensive insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

New Jersey is commonly affected by Coastal flooding and Strong wind.

How home insurance protects you against natural disasters

Home insurance is an essential safeguard for your financial well-being, offering protection if you’re affected by a natural disaster. Natural disasters can lead to costly damage, but the right policy can help cover the cost of repairs, sparing you from major out-of-pocket costs. In many cases, home insurance also pays for temporary living expenses if you can’t live in your home.

However, not all natural disasters are covered under a standard home insurance policy. For example, flood and earthquake damage are excluded and require separate coverage. That’s why it’s so important to understand the specific natural disaster risks in your area. By doing so, you can choose a policy that truly protects your home – and your finances – from the threats that are most likely to affect you.

TIP

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

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

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.