Home Home insurance Renters insurance Renters insurance cost Average renters insurance cost in New Jersey Average renters insurance cost in New Jersey By Shivani Gite Shivani Gite 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. | Updated on September 21, 2023 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. Renters insurance costs in New Jersey varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in New Jersey is $199 per year or $17 per month for coverage limits of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ. Renters insurance companies in New Jersey State Farm offers affordable renters insurance in New Jersey at an average annual rate of $143 followed by New Jersey Manufacturers and American Family, based on Insure.com’s analysis. But it’s smart to get multiple quotes for various renters insurance companies in New Jersey because the prices vary a lot among carriers. Below we have compared the average annual and monthly renters insurance rates of insurance companies across New Jersey. CompanyAverage annual rateAverage monthly rateState Farm$143$12New Jersey Manufacturers$144$12American Family$149$12USAA$169$14Chubb Ltd$213$18Franklin Mutual$224$19Allstate$225$19Farmers$263$22Palisades$355$30 Average cost of renters insurance in New Jersey by coverage level As we discussed above, in New Jersey, the average cost of renters insurance is $199 per year, that’s $68 more than the national average. These rates are for the 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 $148 per year for renters insurance in New Jersey for $300,000 in liability protection and $1000 deductible. Find below the average cost of renters insurance in New Jersey for personal property coverage of $20,000 and $40,000. Coverage levelAverage annual renters insurance rateAverage monthly renters insurance rate20000$148$1240000$199$1760000$256$21 Most affordable ZIP codes for renters insurance in New Jersey How much New Jersey renters pay for insurance majorly depends on the ZIP code they live in. 7823 is the most affordable ZIP for renters insurance in New Jersey among all the ZIP codes analyzed, at about $181 a year on average. Rates vary based on the zip code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in New Jersey. ZipcodeAverage annual rateAverage monthly rate7823$181$158808$182$157831$185$157855$187$167428$188$167442$192$167060$193$167031$194$167765$196$167011$197$16 Least affordable ZIP codes for renters insurance in New Jersey Your zip code, among other factors, affects how much you pay for renters insurance in New Jersey. 8201 is the least affordable zip code for New Jersey renters at an average cost of $217 a year or $18 monthly. We have analyzed quotes from the major insurance carriers across all the zip codes in New Jersey. Below are the average annual renters insurance costs by ZIP code. ZipcodeAverage annual rateAverage monthly rate8201$217$188110$216$188213$210$188250$210$178246$208$177753$203$177733$198$167799$196$168890$195$167939$194$16 Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below. Renters insurance rates in New Jersey by cityBirminghamColumbusHighland ParkJersey CityLakewoodRenters and auto bundle discounts in New Jersey If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company. Bundling policies can help you save an average of 11% per year in New Jersey. New Jersey Manufacturers offers the cheapest rate on renters and auto insurance bundle, you can save 18% a year on your premiums. CompanyAverage annual rateAverage base annual rate (without bundling)$ bundle average savings% bundle average savingsNew Jersey Manufacturers$784$958$17518%State Farm$852$1,251$39932%Chubb Ltd$922$1,020$9710%National General Insurance$1,093$1,206$1139%Heritage Insurance Holdings$1,166$1,227$615%USAA$1,198$1,316$1189%Franklin Mutual$1,437$1,446$91%Farmers$1,811$1,906$955% 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. Consider factors like coverage options, deductibles, and customer reviews in addition to price. Methodology Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in New Jersey. These rates include a coverage limit of $300,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none. Explore other insurance options in New-Jersey Cheapest homeowners insurance in New Jersey Average car insurance cost in New Jersey Non-owner auto insurance in New Jersey How much is renters insurance in other statesAlaska$192/YearAlabama$250/YearArkansas$255/YearArizona$177/YearCalifornia$224/YearColorado$143/YearConnecticut$200/YearDelaware$174/YearFlorida$245/YearGeorgia$234/YearHawaii$165/YearIowa$142/YearIdaho$142/YearIllinois$174/YearIndiana$187/YearKansas$176/YearKentucky$149/YearLouisiana$355/YearMassachusetts$168/YearMaryland$183/YearMaine$136/YearMichigan$253/YearMinnesota$161/YearMissouri$168/YearMississippi$288/YearMontana$192/YearNorth Carolina$183/YearNorth Dakota$126/YearNebraska$187/YearNew Hampshire$131/YearNew Mexico$158/YearNevada$193/YearNew York$225/YearOhio$181/YearOklahoma$198/YearOregon$204/YearPennsylvania$186/YearRhode Island$389/YearSouth Carolina$220/YearSouth Dakota$141/YearTennessee$212/YearTexas$158/YearUtah$153/YearVirginia$177/YearVermont$142/YearWashington$182/YearWisconsin$119/YearWest Virginia$184/YearWyoming$111/YearShow moreShivani GiteContributing 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. In case you missed it What is HO-6 insurance? Average home insurance cost in 2023 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: 14 key questions answered Replacement cost policies for your home: Getting what you pay for How much do claims increase home insurance rates? Mobile home insurance: What does it cover and how much does it cost? Homeowners insurance basics Home Insurance Advisor The Best Cheap Homeowners Insurance of 2021: Guide How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home Insurance Discounts Guide to dog liability insurance: cost and coverage Do you have an emergency go-bag? Most Americans don’t 1/1 Related Articles Guide to home renovation insurance By Shivani Gite How having a roommate impacts your homeowners insurance coverage By Shivani Gite What does condo insurance cover? By Shivani Gite Does home insurance cover accidental kitchen fires? By Shivani Gite How to switch home insurance By Shivani Gite Is carpenter ant damage covered by homeowners insurance? By Ashlee Tilford On this page Renters insurance companies in New Jersey Average cost of renters insurance in New Jersey by coverage level Most affordable ZIP codes for renters insurance in New Jersey Least affordable ZIP codes for renters insurance in New Jersey Renters and auto bundle discounts in New Jersey Final thoughts: Average renters insurance in New Jersey Methodology Get instant quotes now ! Please enter valid zip Get Quotes