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Renters insurance costs in New Jersey vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in New Jersey is $207 per year or $17 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ.
Key Takeaways
- The average cost of renters insurance in New Jersey is $207 per year or $17 per month.
- New Jersey Manufacturers provides the least expensive renters insurance in New Jersey at an average rate of $128 annually.
- Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in New Jersey.
Average renters insurance cost in New Jersey per month
In New Jersey, the average monthly cost of renters insurance is $17. However, premiums can differ depending on factors such as your rental’s location, the value of your personal belongings and the level of coverage you select. Experts recommend comparing quotes from different insurance companies to find the best deal.
| Average renters ins cost per month | Difference compared to national average |
|---|---|
| $17 | $5 less |
Average renters insurance cost in New Jersey by company
Renters in New Jersey can find the most budget-friendly insurance with New Jersey Manufacturers, which has an average annual cost of $128, according to our data. Other affordable options include State Farm and American Family.
It’s a good idea to gather quotes from at least three insurance providers, as each company calculates premiums differently.
Below are the average annual and monthly renters insurance rates from various insurers in New Jersey.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| New Jersey Manufacturers | $128 | $11 |
| State Farm | $148 | $12 |
| American Family | $155 | $13 |
| Chubb Ltd | $206 | $17 |
| Franklin Mutual | $224 | $19 |
| Allstate | $225 | $19 |
| Farmers | $263 | $22 |
| Plymouth Rock Assurance | $314 | $26 |
| USAA | $178 | $15 |
Renters insurance calculator in New Jersey
Average cost of renters insurance in New Jersey by coverage level
As we discussed above, the average cost of renters insurance in New Jersey is $207 per year. These rates are for a coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.
However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $151 per year for renters insurance in New Jersey, which provides $300,000 in liability protection with a $1000 deductible.
Below are the average renters insurance costs in New Jersey for personal property coverage amounts of $20,000 and $40,000.
| Coverage level | Average annual renters insurance rate | Average monthly renters insurance rate |
|---|---|---|
| $20,000 with $500 Deductible and $100,000 Liability | $146 | $12 |
| $20,000 with $500 Deductible and $300,000 Liability | $163 | $14 |
| $20,000 with $1,000 Deductible and $100,000 Liability | $134 | $11 |
| $20,000 with $1,000 Deductible and $300,000 Liability | $151 | $13 |
| $40,000 with $500 Deductible and $100,000 Liability | $207 | $17 |
| $40,000 with $500 Deductible and $300,000 Liability | $224 | $19 |
| $40,000 with $1,000 Deductible and $100,000 Liability | $190 | $16 |
| $40,000 with $1,000 Deductible and $300,000 Liability | $207 | $17 |
| $60,000 with $500 Deductible and $100,000 Liability | $273 | $23 |
| $60,000 with $500 Deductible and $300,000 Liability | $290 | $24 |
| $60,000 with $1,000 Deductible and $100,000 Liability | $250 | $21 |
| $60,000 with $1,000 Deductible and $300,000 Liability | $267 | $22 |
Average cost of renters insurance in New Jersey by city
Renters insurance premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in New Jersey and find the best fit for your budget.
Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below.
Renters insurance rates in New Jersey by city
Average cost of renters insurance in New Jersey by ZIP code
Renters insurance costs in New Jersey vary by ZIP code. Below, we’ll cover which ZIP codes have the most affordable coverage and which areas have the highest premiums.
Most affordable ZIP codes for renters insurance in New Jersey
The amount New Jersey renters pay for insurance largely depends on their ZIP code. Among all the ZIP codes analyzed, 7829 is the state’s most affordable ZIP for renters insurance, with an average annual premium of $184.
Since rates differ by ZIP code, comparing quotes is one of the simplest ways to get the most affordable renters insurance policy in New Jersey.
| ZIP code | City | Average annual rate | Average monthly rate |
|---|---|---|---|
| 7829 | Buttzville | $184 | $15 |
| 7846 | Johnsonburg | $184 | $15 |
| 7823 | Belvidere | $185 | $15 |
| 7825 | Blairstown | $185 | $15 |
| 7832 | Columbia | $185 | $15 |
| 7838 | Great Meadows | $185 | $15 |
| 7863 | Oxford | $185 | $15 |
| 7840 | Beattystown | $185 | $15 |
| 7865 | Port Murray | $185 | $15 |
| 7880 | Vienna | $185 | $15 |
Least affordable ZIP codes for renters insurance in New Jersey
Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in New Jersey is 7112, with an average cost of $239 a year or $20 monthly.
We analyzed quotes from multiple insurance providers across every ZIP code in New Jersey. Below, you’l find the average annual renters insurance premiums broken down by ZIP code.
| ZIP code | City | Average annual rate | Average monthly rate |
|---|---|---|---|
| 7112 | Newark | $239 | $20 |
| 8201 | Absecon | $236 | $20 |
Final thoughts: Average renters insurance in New Jersey
Renters insurance is a must-have for renters in New Jersey. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.
To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. In addition to price, consider factors like coverage options, deductibles and customer reviews.
How much is renters insurance in other states
Explore other insurance options in New-Jersey
Related Articles
- Average renters insurance cost in New Jersey per month
- Average renters insurance cost in New Jersey by company
- Average cost of renters insurance in New Jersey by coverage level
- Average cost of renters insurance in New Jersey by city
- Average cost of renters insurance in New Jersey by ZIP code
- Final thoughts: Average renters insurance in New Jersey