The most important thing you can do to maintain homeownership is to get cheap homeowners insurance. This will protect the biggest asset that you have. It covers a wide range of losses, including those that can result in loss of home or property.
Getting the right amount of coverage for your home and budget is essential. We have partnered to offer you the best policy for your budget and home.
Find the best home insurance rates in NJ
We have compiled and analyzed thousands of quotes, as well as customer satisfaction ratings for the top New Jersey insurance companies to help you determine the company that offers the best deal. We compared rates, coverage options and discounts with other metrics.
Find the lowest home insurance rates in NJ
We found NJ's cheapest insurance companies for home policies with low or no deductibles. We then ranked those companies based on their Bankrate Scores, which are a combination of third-party ratings and premium data.
USAA Allstate Travelers all have a Bankrate score of 97 and offer great value. These companies have the best Bankrate Scores because they earned top scores in areas such as customer service and financial strength, which means they have a strong track record of paying out claims.
These companies can also provide a variety of discounts which will help you to lower your premiums. These discounts could be bundled home and car policies, having a clear driving record, or being part of a loyalty programme.
Chubb is one of the cheapest homeowners insurance providers in New Jersey, with an average rate of $745 per year for baseline dwelling coverage of $250,000. This amount of insurance covers the cost for rebuilding your house after a disaster covered by your policy, such as hurricanes or tropical storms.
Lemonade's AI software, available on both its mobile app as well as website, makes it easy to file a claim. Lemonade donates unclaimed insurance premiums to charity, and the $500 minimum deductible allows you to get a bigger payout when you file a claim.
In addition to its 24/7 claim center, the mobile app simplifies managing your policy. It offers an extensive range of extra policies to meet individual needs such as flood protection, medical payments or other types of coverage.
The cheapest home insurance companies in nj are NJM, which offers standard policies for $802 per year, or $67 per month. This is $557 less expensive than the statewide median, and they have an excellent rating with their customers.