Home Home insurance Renters insurance Renters insurance cost Cheap renters insurance in New Jersey Cheap renters insurance in New Jersey By Insure.com's Editor | Posted on February 6, 2022 Why you can 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 our editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. Looking for cheap renters insurance in New Jersey? Consider getting quotes from New Jersey Manufacturers, State Farm and Allstate. In our analysis these companies offer the cheapest rates of all the carriers surveyed. But it’s smart to get multiple quotes for New Jersey renters insurance because the prices vary a lot among carriers. Below is the list of cheapest renters insurance companies in New Jersey: New Jersey ManufacturersState FarmHomesiteAllstateUSAA Cheapest renters insurance companies in New Jersey According to Insure.com’s analysis, New Jersey Manufacturers offers the cheapest renters insurance in New Jersey at about $168 a year or $14 per month. State Farm is in second place with an average annual rate of $179. However, the cost of your premium may vary depending on factors specific to you. CompanyAverage annual rateAverage monthly rateNew Jersey Manufacturers$168$14State Farm$179$15Homesite$180$15Allstate$195$16USAA$195$16Chubb$279$23Fidelity & Guar Insurance$284$24Foremost$327$27High Point Preferred Insurance$350$29Liberty$488$41LM Insurance$513$43 Average cost of renters insurance in New Jersey by coverage level The average cost of renters insurance in New Jersey is $249 per year or $21 per month. These rates are for coverage level of $20,000 for personal property, $300,000 for liability protection and $1000 as deductible. Whereas, renters insurance costs $350 annually for coverage limit of $40,000 as personal property, $300,000 for liability and $1000 deductible. Coverage levelAvg. annual renters insurance rateAvg. monthly renters insurance rate$20,000$249$21$40,000$350$29$60,000$451$38 Most affordable ZIP codes for renters insurance in New Jersey 7865 is the most affordable zip code for renters insurance in New Jersey. Our insurance experts have analyzed price quotes from all the major carriers in New Jersey and put together a list of the most affordable zip codes with cheapest renters insurance. ZIP codeAverage annual rateAverage monthly rate7865$294$247825$295$257058$296$257046$297$257828$298$257840$299$257005$300$257054$301$257034$302$257416$303$25 Least affordable ZIP codes for renters insurance in New Jersey Of all the zip codes analyzed by Insure.com, 8342 is the least affordable zip code for renters insurance in New Jersey. Its average annual rate for New Jersey renters is $387 a year or $32 per month. The insurance rates in a city can vary depending on many factors, such as crime rate and weather. A population with a low crime rate will have much lower premiums in comparison to other areas. ZIP codeAverage annual rateAverage monthly rate8342$387$328220$384$328347$379$328218$377$318213$373$318240$371$318214$370$318018$369$318739$368$317304$367$31 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 Bundling with your auto insurance is a great way to save money on renters coverage. If you purchase your auto and renters insurance policies from the same company you can save an average of $102 per year in New Jersey. Below is a list of companies that offer cheap rates upon bundling and you can also find how much you will have to pay if you don’t bundle your policies. CompanyAverage annual rateAverage base annual rate (without bundling)$ bundle average savings% bundle average savingsGovernment Employees $1,195$1,252$575%Progressive Garden State $1,256$1,313$574%State Farm Ind Co$1,423$1,488$654%Drive NJ $1,509$1,638$1298%Palisades Safety & Ins Assoc$1,552$1,613$614%New Jersey Manufacturers $1,715$1,728$131%Geico$2,186$2,248$623%Metropolitan$2,335$2,464$1305%St Paul Protective $2,350$2,468$1175%Foremost Grand Rapids MI$4,039$4,235$1965%Allstate$4,724$4,961$2375% How much is renters insurance in other statesAlaska$165/YearAlabama$377/YearArkansas$313/YearArizona$255/YearCalifornia$225/YearColorado$221/YearConnecticut$246/YearDelaware$262/YearFlorida$208/YearGeorgia$454/YearHawaii$166/YearIowa$245/YearIdaho$232/YearIllinois$245/YearIndiana$238/YearKansas$274/YearKentucky$295/YearLouisiana$417/YearMassachusetts$269/YearMaryland$194/YearMaine$206/YearMichigan$352/YearMinnesota$362/YearMissouri$279/YearMississippi$393/YearMontana$201/YearNorth Carolina$166/YearNorth Dakota$338/YearNebraska$226/YearNew Hampshire$171/YearNew Mexico$261/YearNevada$259/YearNew York$230/YearOhio$282/YearOklahoma$380/YearOregon$189/YearPennsylvania$200/YearRhode Island$263/YearSouth Carolina$267/YearSouth Dakota$160/YearTennessee$239/YearTexas$251/YearUtah$267/YearVirginia$220/YearVermont$128/YearWashington$174/YearWisconsin$191/YearWest Virginia$240/YearWyoming$150/YearShow more Related Articles How to protect your home from lightning strikes By Nupur Gambhir Does homeowners insurance cover mold? By Geoff Williams Are pools and hot tubs covered by homeowners insurance? By Nupur Gambhir Does homeowners insurance cover fireworks damage? By Nupur Gambhir Home replacement cost calculator By Nupur Gambhir Does homeowners insurance cover storage units? By Lena Borrelli Table of contents Cheapest 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 Get instant quotes now ! Please enter valid zip Get quote