New Jersey Home Insurance Costs (2026)

How much is homeowners insurance in New Jersey?

New Jersey homeowners insurance averages $126 a month for our sample house, and the same house costs less to insure in only five other places: Vermont, New Hampshire, California, Maine and Oregon. That puts New Jersey 6th lowest of the 50 states and D.C. for this house; the 51-place average is $258 a month, about twice New Jersey’s.

Which home insurers did we compare in New Jersey?

We compared 5 major home insurers in New Jersey: New Jersey Manufacturers (NJM), Chubb, Palisades Group, State Farm and Liberty Mutual. Each one priced our sample home in all 422 New Jersey ZIP codes in our data, which span 21 counties. We ranked them by price for one house, not by service or claims handling.

For the same insurers and ZIP codes, the New Jersey average rose 3.6% over the past ten months, from $1,464 a year on Nov. 30, 2025, to $1,517 on Sept. 30, 2026. Only two insurers moved: NJM’s average rose 13.4% and Chubb’s 9.2%, while Palisades Group, State Farm and Liberty Mutual didn’t change.

Homeowners insurance averages by insurer in New Jersey for our sample home (rates as of Sept. 30, 2026)

New Jersey Manufacturers (NJM) averaged $107 a month ($1,280 a year), Chubb $113 ($1,357), Palisades Group $119 ($1,431), State Farm $120 ($1,434) and Liberty Mutual $174 ($2,083) for our sample home.

Who has the cheapest home insurance in New Jersey?

For our sample home, NJM had the lowest average of the 5 insurers we compared, $107 a month, 5.7% below Chubb’s $113 for the same house. That lead is small, and prices for the same house vary by insurer and place, so the insurer with the lowest average for our sample home may not be lowest for yours; compare a few quotes.

That order isn’t fixed across New Jersey. In Mercer County, around Trenton, State Farm averaged $1,213 a year for our sample home, below NJM’s $1,446 there, and in Camden County the two were $2 apart.

Is $126 a month a lot for home insurance in New Jersey?

Not compared with most of the country. For our sample house, New Jersey’s $126 a month is less than half the $258 average of the 50 states and D.C., and 45 of the other 50 places cost more. Within New Jersey, though, the same house averages $100 to $178 a month by ZIP code, so a Shore address can pay noticeably more.

What changes your price: where the house sits, its value, age and roof, your deductibles, claims and credit, and whether you add a car. Statewide, location moved the price more than the insurer did: ZIP averages for this house ran from $100 to $178 a month, a wider gap than the $67 between insurers’ statewide averages. Within one ZIP code the insurer still matters, so compare quotes for your own address.

Why does the same house cost more at the Jersey Shore?

For our identical sample home, the four Shore counties average $153 a month ($1,836 a year), 26.5% more than the $121 a month ($1,451 a year) the same house averages in the other 350 New Jersey ZIP codes we priced. Our figures don’t separate causes, but these four counties face the Atlantic Ocean, where Superstorm Sandy came ashore in 2012.

The same house at the Shore and inland (rates as of Sept. 30, 2026)

Same sample house in every row; inland means the North Jersey and Central and South inland regions above.

Every insurer we compared charged more at the Shore for our sample home, from Palisades Group (18.1% more than its inland average) to Chubb (41.3% more). For our sample home, NJM still had the lowest Shore average of the 5, $1,559 a year, and Liberty Mutual the highest, $2,426.

Superstorm Sandy and the coast

Superstorm Sandy came ashore near Brigantine, in Atlantic County, on Oct. 29, 2012, and damaged or destroyed about 346,000 New Jersey housing units, according to the National Hurricane Center (NHC). Its storm surge reached 5.82 feet above normal tide at Atlantic City and at least 8.57 feet at Sandy Hook, where the gauge failed.

Floods reach inland homes, too

In September 2021, the remnants of Hurricane Ida dropped up to about 10 inches of rain on New Jersey and caused 26 direct deaths in the state, nearly all from freshwater flooding, the NHC reports. Most of the damage was inland, far from the Shore, and none of it is covered by a standard home policy (see the flood note below).

What does a New Jersey homeowners policy cover?

A homeowners policy covers the house, your belongings, extra living costs after a covered loss and your liability, and all six coverages below are inside the $1,517-a-year New Jersey average for our sample home.

• Dwelling ($300,000): the house itself, from the foundation to the roof.
• Other structures ($30,000): a detached garage, fence or shed.
• Personal property ($150,000): furniture, clothes and electronics.
• Loss of use ($30,000): a rental and other extra costs while repairs keep you out.
• Personal liability ($300,000): legal defense and damages if you’re responsible for someone’s injury or property damage.
• Medical payments ($5,000): smaller medical bills for a guest hurt at your home.

Say a nor’easter tears off part of the roof and the repair costs $12,000. With the $1,000 deductible we priced, the policy would pay up to $11,000. If a named hurricane caused the same damage and your policy had a 2% hurricane deductible that applied, you’d pay the first $6,000 instead. Flood damage needs a separate policy.

How do hurricane deductibles work in New Jersey?

Your deductible is the amount you pay out of pocket on a claim. The house we priced has a $1,000 deductible for most claims. Some New Jersey policies also carry a separate hurricane deductible, set as a percentage of your dwelling coverage instead of a flat dollar amount.

When it applies: under New Jersey’s rules, a hurricane deductible applies only to a hurricane named by the National Weather Service in which sustained winds of 74 mph or more are measured in New Jersey. The winds don’t have to reach your house. When it applies, it takes the place of your other deductible for that storm. In 2011, the state’s Department of Banking and Insurance said no hurricane deductible could be applied to Irene claims.

How big it can be: state rules let insurers set a mandatory hurricane deductible of up to 5% of the dwelling amount and offer an optional one of up to 10%, in ZIP codes listed in the state’s rules, and elsewhere only with the department’s approval. Your insurer must send a notice with each new policy and renewal that states your hurricane deductible and shows how it works in a claim.

Our price requests used a 2% hurricane deductible for every New Jersey ZIP code. Whether an insurer applies one to a given home depends on its own filings and the state’s ZIP code list, which our data doesn’t show, so check your declarations page.

Your hurricane deductible in dollars (illustration only)

The table shows deductibles, not premiums. At 5%, the deductible on our sample home’s $300,000 dwelling is $15,000, about 10 times the $1,517 a year that house averages in New Jersey.

What if an insurer won’t renew your New Jersey home?

New Jersey rules say a home insurer that won’t renew your policy must mail you written notice at least 30 days before it ends, give the reason and its factual basis, and tell you that you may file a written complaint with the Department of Banking and Insurance. If no private insurer will cover the house, the New Jersey FAIR Plan, run by the New Jersey Insurance Underwriting Association, offers basic property coverage; it doesn’t include liability, and theft coverage is an optional add-on. The state says to consider it only if you can’t get insurance anywhere else.

For our sample home, all 5 insurers we compared returned a price in every one of the 422 New Jersey ZIP codes we priced, Shore towns included.

Got a notice? Check which insurers will quote your New Jersey ZIP code.

How much is condo insurance in New Jersey?

Condo insurance for our sample condo averages $35 a month ($422 a year) in New Jersey. For our sample condo, prices among the 5 insurers we compared ranged from $28 to $41 a month, a $13-a-month gap for the same unit. NJM had the lowest condo average of the 5, $28 a month ($341 a year), 15.6% below Liberty Mutual’s $34.

New Jersey’s condo average ranks 24th of the 50 states and D.C. (1 = lowest), 12.3% below their $40-a-month average. Our sample condo costs about 28% of what our sample home costs to insure in New Jersey.

Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. The owner is 40, single, has good credit and no claims in 10 years.

• $60K unit coverage
• $60K belongings
• $300K liability
• $1,000 deductible
• Built 2005

For the same insurers and ZIP codes, the New Jersey condo average rose 9.2% over the past ten months, from $32 to $35 a month, mostly because one insurer repriced: NJM’s condo average rose 45.8%, from $234 to $341 a year, Chubb’s 13.8% and Liberty Mutual’s 4.7%, while Allstate and State Farm didn’t change. For our sample condo, the highest ZIP averages, $46 a month, are in four Atlantic County ZIP codes, and the lowest is Manchester Township’s 08759, in Ocean County, at $30.

Condo insurance averages by insurer in New Jersey for our sample condo (rates as of Sept. 30, 2026)

New Jersey Manufacturers (NJM) averaged $28 a month ($341 a year), Liberty Mutual $34 ($404), State Farm $36 ($430), Chubb $37 ($443) and Allstate $41 ($492) for our sample condo.

Which part of a New Jersey condo is yours to insure?

The association’s master policy covers the building, and your condo policy covers what the master policy and the association’s rules leave to you. In our sample policy, $60,000 covers the inside of the unit and $60,000 your belongings.

What to check with your HOA before you buy condo insurance

• The master policy: ask the association or manager for its certificate of insurance and declarations page.
• Bare walls or more: find out whether it stops at the bare walls or also covers fixtures and finishes; that sets your unit coverage.
• The master deductible: ask how large it is and whether the association can pass part of it to owners after a hurricane or coastal storm.
• Loss assessment: ask your insurer how much loss assessment coverage your policy includes (it can pay your share if the association bills owners for a covered loss to shared parts of the building).

Official resources for New Jersey homeowners

• New Jersey Department of Banking and Insurance: homeowners insurance Guides on coverage, shopping, insurance scoring, renters insurance and flood.
• New Jersey FAIR Plan Who it covers and how to apply through the New Jersey Insurance Underwriting Association.
• File an insurance complaint The department’s consumer hotline, 1-800-446-7467, and complaint options.
• National Hurricane Center: Hurricane Ida report The official storm report, with New Jersey rainfall, flooding and deaths.
• National Hurricane Center: Hurricane Sandy report Landfall near Brigantine, storm surge and damage in New Jersey.
• FEMA Flood Map Service Center The official source for FEMA flood maps.
• FloodSmart FEMA’s site for the National Flood Insurance Program.