How much is homeowners insurance in Jersey City,NJ

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

As per Insure.com’s rate data analysis, 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 $1000 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

Chubb Ltd is the cheapest homeowners insurance company in Jersey City with an average annual premium of $1,652 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Jersey City. Keep reading to learn about the monthly cost of homeowners insurance in Jersey City, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Jersey City.

Key takeaways

The cost of your homeowners insurance policy in Jersey City can vary based on factors such as your location, the value of your home, and the coverage options you select.
Chubb Ltd is the cheapest homeowners insurance company in Jersey City with an average annual premium of $1,031.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $388 more, annually for home insurance.

How much is homeowners insurance in Jersey City per month

Jersey City homeowners pay an average of $138 a month, based on our rate analysis. It’s $13 more than the state average of $125 and $71 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Jersey City may vary depending on where you live, the value of your home, and the coverage you choose.

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

The average cost of homeowners insurance in Jersey City, NJ is $1,264 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

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

As per rate analysis by Insure.com, homeowners residing in Jersey City typically pay an average of $1,652 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $388 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Jersey City by company

Among the carriers analyzed, Chubb Ltd is the cheapest homeowners insurance company in Jersey City. It’s average annual rate for Jersey City homeowners is $1,031. New Jersey Manufacturers ranks second and National General Insurance makes it to the third spot with an average annual home insurance rate of $1,220.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Jersey City and prepared a list of the cheapest home insurance providers. You can find below the Jersey City home insurance companies and their average annual premium.

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

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Jersey City 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.