Best Homeowners Insurance Companies in New Jersey (2026)
Chubb, Amica, and USAA stand out as some of the best home insurance companies for New Jersey homeowners.
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Written bySarah Sharkey
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Sarah SharkeyInsurance Writer
7+ years writing insurance and personal finance content
Contributor to top media, including USA Today
A passionate personal finance advocate, Sarah’s writing has graced the pages of many of the personal finance and insurance industries’ top web publications.
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Edited byKatie Powers
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Katie PowersLicensed P&C Agent, Senior Insurance Editor
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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Reviewed byMacKenzie Korris
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MacKenzie KorrisLicensed P&C Agent, Insurance Copy Editor
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 21630969
MacKenzie Korris is an insurance copy editor with a producer’s license for property and casualty insurance in Missouri.
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Data reviewed byAndrew Huang
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Andrew HuangVP, Marketing & Analytics
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Table of contents
Homeowners in New Jersey pay an annual average of $1,140 for a home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible, Insurify data shows. That’s much lower than the national average of $2,544 per year for the same amount of coverage.
Even with relatively affordable costs, New Jersey residents face weather threats, such as tropical storms and nor’easters, making it important to find the right home insurance policy.
Here’s what you need to know about finding homeowners insurance in the Garden State.
Quick Facts
USAA, Chubb, and Amica are some of the best insurance companies for New Jersey residents.
Travelers offers some of the cheapest coverage, with an average of $69 per month for a policy with $300,000 in dwelling coverage.
New Jersey state law doesn’t require you to purchase home insurance, but your mortgage lender likely will as a condition of your loan.
Best home insurance companies in New Jersey
You have several quality home insurance companies to choose from in New Jersey. The best insurer for you will vary based on your specific situation and needs. But some insurers consistently offer homeowners a better experience than others.
You’ll find the best home insurance companies in New Jersey highlighted below.
Amica: Best for customer satisfaction
AmicaCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $119/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $176/mo |
Amica earned the top spot in the J.D. Power U.S. Home Insurance Study, indicating that many customers are satisfied with their experience working with the company.[1] In addition to home insurance, Amica offers a range of policies, including renters insurance, car insurance, and more. And if you buy two or more policies, you may earn a bundling discount.
Pros
High J.D. Power customer satisfaction rating
Excellent Trustpilot rating
24/7 claims assistance
Cons
May need to work with an agent to get a quote
More-than-expected number of complaints filed with the National Association of Insurance Commissioners (NAIC)
Lackluster mobile app ratings
Chubb: Best for specialty coverage
ChubbCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $104/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $166/mo |
Chubb, a New Jersey-based company, offers homeowners many coverage choices that can be helpful for anyone with unique coverage needs. For homeowners with a high net worth, Chubb offers a premium level of coverage that creates personalized protection of homes and other assets.
The company has a top-tier reputation and solid industry rankings, with a high score in the J.D. Power U.S. Property Claims Satisfaction Study.[2] It also has an A++ (Superior) financial strength rating from AM Best.
Pros
High J.D. Power customer satisfaction rating
Cash-settlement option for most claims
AM Best financial strength rating of A++ (Superior)
Cons
Poor Trustpilot rating
Not always the cheapest insurer
Must finalize quote with an agent
USAA: Best for veterans
USAACompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $105/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $145/mo |
USAA is a great insurer for the thousands of veterans living in the Garden State.[3] It offers relatively affordable homeowners insurance rates and many types of policies to choose from. USAA boasts above-average customer satisfaction ratings and an A++ (Superior) AM Best financial strength rating.
But the company only works with veterans, active military members, and their families.
Pros
AM Best financial strength rating of A++ (Superior)
Above-average J.D. Power customer satisfaction rating
Relatively affordable rates
Cons
Available only to military members and their families
More-than-expected number of complaints with the NAIC
Poor Trustpilot rating
Travelers: Best for cheap coverage
TravelersCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $69/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $110/mo |
Travelers offers some of the cheapest rates for New Jersey residents. Beyond relatively low rates, Travelers also offers a large list of discount opportunities to help you keep costs under control. This includes a bundling discount when you purchase other policies, like auto insurance, alongside your homeowners insurance policy with Travelers.
Pros
Fewer-than-expected complaints with the NAIC
Relatively affordable rates
Many available discounts
Cons
Poor customer reviews through the Better Business Bureau (BBB)
Poor Trustpilot rating
Below-average J.D. Power customer satisfaction rating
Cumberland Insurance Group: Best for new builds
new builds
Cumberland Mutual
Compare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | NR |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | Not rated |
New Jersey approved more than 30,000 new housing units in 2024, with more on the way.[4] Cumberland Insurance Group may be a good insurer for you if you’re living in a newly built home. The insurance company offers discounts for new homes. This long-running regional insurer offers many in-person offices to serve New Jersey residents.
Pros
Numerous agents in New Jersey
Several available discounts
AM Best financial strength rating of A- (Excellent)
Cons
May need to work with an agent to get a quote
More-than-expected number of complaints filed with the NAIC
Lackluster mobile app ratings
Our editorial team analyzed dozens of regional and national home insurance companies that sell policies in New Jersey to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Cheapest home insurance in New Jersey
Travelers offers Garden State residents the cheapest home insurance, according to Insurify data.
The table below shows some of the cheapest New Jersey home insurance companies for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
The below rates in New Jersey are estimated rates current as of: Wednesday, February 25 at 11:00 AM PST.
Data reviewed by Andrew Huang
Andrew HuangVP, Marketing & Analytics
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Insurance Company  | Average Annual Premium |
|---|---|
| Travelers | $815 |
| Encompass | $1,192 |
| Chubb | $1,228 |
| USAA | $1,240 |
| Foremost | $1,358 |
| Allstate | $1,440 |
| State Farm | $1,511 |
Disclaimer: Table data sourced from real-time New Jersey car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in New Jersey may vary based on the policy buyer's unique driver profile.
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How much does homeowners insurance cost in New Jersey?
The average cost of homeowners insurance in New Jersey is $95 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Annually, the average cost is $1,140. But your cost will vary based on your unique situation.
Your home’s proximity to the coast, age, and construction type can affect your insurance premium in New Jersey. Your credit history and claims history can also play a role. And opting for a higher or lower deductible can influence your premiums, too.[5]
Cheapest home insurance companies in New Jersey by dwelling coverage
Dwelling coverage is the part of your home insurance policy that helps pay for repairs or rebuilding after a covered event damages or destroys your home. The cost to rebuild your home will vary based on its size and other factors, which also affect the amount of dwelling coverage you’ll need.
The table below highlights the average annual insurance premiums by dwelling coverage amount and insurer.
The below rates in New Jersey are estimated rates current as of: Wednesday, February 25 at 11:00 AM PST.
Data reviewed by Andrew Huang
Andrew HuangVP, Marketing & Analytics
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $576 |
| Foremost | $816 |
| Chubb | $828 |
| Encompass | $852 |
| USAA | $1,008 |
| Allstate | $1,020 |
| State Farm | $1,164 |
Disclaimer: Table data sourced from real-time New Jersey car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in New Jersey may vary based on the policy buyer's unique driver profile.
The below rates in New Jersey are estimated rates current as of: Wednesday, February 25 at 11:00 AM PST.
Data reviewed by Andrew Huang
Andrew HuangVP, Marketing & Analytics
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $828 |
| Encompass | $1,212 |
| Chubb | $1,248 |
| USAA | $1,260 |
| Foremost | $1,380 |
| Allstate | $1,464 |
| State Farm | $1,536 |
Disclaimer: Table data sourced from real-time New Jersey car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in New Jersey may vary based on the policy buyer's unique driver profile.
The below rates in New Jersey are estimated rates current as of: Wednesday, February 25 at 11:00 AM PST.
Data reviewed by Andrew Huang
Andrew HuangVP, Marketing & Analytics
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $1,320 |
| USAA | $1,740 |
| Encompass | $1,848 |
| Chubb | $1,992 |
| Foremost | $2,172 |
| State Farm | $2,280 |
| Allstate | $2,352 |
Disclaimer: Table data sourced from real-time New Jersey car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in New Jersey may vary based on the policy buyer's unique driver profile.
The below rates in New Jersey are estimated rates current as of: Wednesday, February 25 at 11:00 AM PST.
Data reviewed by Andrew Huang
Andrew HuangVP, Marketing & Analytics
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $1,944 |
| USAA | $2,292 |
| Encompass | $2,604 |
| Foremost | $2,880 |
| Chubb | $3,048 |
| State Farm | $3,144 |
| Allstate | $3,420 |
Disclaimer: Table data sourced from real-time New Jersey car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in New Jersey may vary based on the policy buyer's unique driver profile.
New Jersey homeowners insurance cost by city
Home insurance costs vary from city to city, and even from ZIP code to ZIP code. A few factors that affect home insurance rates between cities include coastal weather threats, vandalism rates, and proximity to a fire station.
The table below highlights the average costs of home insurance in two of New Jersey’s most populated cities.
City | Average Annual Premium |
|---|---|
| Atlantic City | $1,440 |
| Trenton | $1,032 |
Disclaimer: Table data is based on real-time New Jersey quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
What homeowners should know about insurance in New Jersey
New Jersey residents face multiple threats that could easily damage homes. Here’s a look at the biggest potential weather risks New Jersey homeowners face.
Floods
Flooding poses a growing risk to New Jersey homeowners.[6] A standard home insurance policy doesn’t cover losses due to flooding. If you want to protect yourself financially against flooding, you’ll need to purchase a separate flood insurance policy.
You can purchase flood insurance through the National Flood Insurance Program (NFIP) or through some private insurers to protect against water-related losses in your home.
Hurricanes and tropical storms
Tropical storms and hurricanes, like Hurricane Sandy in 2012, can cause significant damage to New Jersey homes. Most home insurance policies cover damage from wind during a hurricane.
But a standard home insurance policy doesn’t cover flooding damage from a hurricane. In order to protect yourself from the potential damage of flooding, you’ll need to purchase a separate flood insurance policy.
Nor’easters
Between 1954 and 2017, New Jersey had six nor’easters that the Federal Emergency Management Agency (FEMA) designated as disasters or emergencies.[7] These severe storms can cause damage from wind and flooding. As with other weather events, a standard home insurance policy will typically cover wind damage but not flood damage.
How much homeowners insurance do you need in New Jersey?
New Jersey law doesn’t require homeowners to buy a home insurance policy. But mortgage companies often require homeowners to have a minimum amount of home insurance. Your home insurance typically includes dwelling coverage, personal liability coverage, loss of use coverage, and personal belongings coverage.
After paying off your mortgage, you’ll have the option to skip homeowners insurance, as long as no other lender has a financial interest in your loan. Even if you can skip insurance, it’s usually not a good idea. When you go without coverage, you’ll be on the hook for rebuilding costs without any financial assistance from an insurer after an unexpected event, like a nor’easter that damages your roof.[8]
Although a baseline policy may meet your mortgage lender’s requirements, it might not be enough to protect your wallet. Before committing to a policy, make sure to understand exactly what your home insurance policy covers to confirm you have enough coverage.
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How to contact the New Jersey Department of Banking and Insurance
The New Jersey Department of Banking and Insurance can help you navigate complaints against insurers in the state. Here’s how to contact the department.
How to Contact | Contact Information |
|---|---|
| Phone | 1 (609) 292-7272 or 1 (800) 466-7467 |
| [email protected] |
New Jersey homeowners insurance FAQs
The following information can help answer your remaining questions about New Jersey homeowners insurance.
How much is home insurance in New Jersey?
On average, New Jersey residents pay $1,140 annually, or $95 per month, for a home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible.
Which company has the cheapest homeowners insurance in New Jersey?
Travelers offers the cheapest homeowners insurance for New Jersey residents, at an average monthly premium of $69.
Does New Jersey require homeowners insurance?
Like most states, New Jersey doesn’t legally require homeowners insurance. But in general, your mortgage lender will require you to have a baseline amount of coverage.
How can you lower your home insurance premiums in New Jersey?
You can potentially lower your New Jersey home insurance premiums by adjusting your coverage, installing home security, or raising your deductible. It’s also a good idea to shop around to compare home insurance quotes from different companies to find the most affordable option for your coverage needs.
What is the best homeowners insurance in New Jersey?
USAA, Chubb, Travelers, and Amica offer some of the best home insurance coverage in New Jersey.
Why are insurance companies leaving New Jersey?
Some insurance companies are leaving New Jersey. This may be because the state’s climate risks have made offering insurance less attractive in the Garden State.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
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Sources
- J.D. Power. "Homeowners Insurance Premium Increases Threaten Customer Loyalty, Long-Term Profitability, J.D. Power Finds."
- J.D. Power. "Widespread Price Increases, Extreme Weather Events and Long Repair Cycle Times Strain Customer Satisfaction with Homeowners Insurance Claims, J.D. Power Finds."
- United States Census Bureau. "New Jersey."
- Urban Land. "Abundance Agenda: States Adding the Most New Homes in 2025."
- Insurance Information Institute. "Home buyer's insurance guide."
- New Jersey Department of Environmental Protection. "Know Your Flood Risk."
- NJ.gov. "Nor'easters."
- Insurance Information Institute. "Can I own a home without homeowners insurance?."
)
Sarah SharkeyInsurance Writer
7+ years writing insurance and personal finance content
Contributor to top media, including USA Today
A passionate personal finance advocate, Sarah’s writing has graced the pages of many of the personal finance and insurance industries’ top web publications.
Featured in
A passionate personal finance advocate, Sarah’s writing has graced the pages of many of the personal finance and insurance industries’ top web publications.
Katie PowersLicensed P&C Agent, Senior Insurance Editor
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Featured in
MacKenzie KorrisLicensed P&C Agent, Insurance Copy Editor
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 21630969
MacKenzie Korris is an insurance copy editor with a producer’s license for property and casualty insurance in Missouri.
Andrew HuangVP, Marketing & Analytics
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in