Newark Home Insurance Costs (2026)

How much is homeowners insurance in Newark?

Homeowners insurance in Newark averages $153 a month for the house we priced, with rates as of Sept. 30, 2026. The 5 major insurers we compared are Chubb, New Jersey Manufacturers, Palisades Group, Liberty Mutual and State Farm, and each one priced our sample home in all 9 Newark ZIP codes in our data, in Essex County. For this house, Newark is the most expensive of the 4 New Jersey cities in our data with at least 5 ZIP codes, and above the New Jersey average of $126 a month.

Our figures are for a $300,000 dwelling, which works out to about $6.11 a year for each $1,000 of dwelling coverage in Newark; insuring a larger or costlier house for more usually costs more, though not always in step with the limit.

For the same insurers and ZIP codes, the Newark average rose 5.9% since Nov. 2025, from $1,730 a year ($144 a month) on Nov. 30, 2025, to $1,833 ($153) on Sept. 30, 2026, as New Jersey Manufacturers’ rose 25.9%, Chubb’s rose 13.9% and the other insurers’ prices didn’t change.

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

Chubb averaged $114 a month ($1,367 a year), New Jersey Manufacturers $140 ($1,681), Palisades Group $160 ($1,917), Liberty Mutual $164 ($1,966) and State Farm $186 ($2,232) for our sample home.

By ZIP code: each insurer’s yearly price for the same house changed with the Newark address:

• Chubb charged $1,367 a year in every Newark ZIP code it priced.
• New Jersey Manufacturers charged $1,681 a year in every Newark ZIP code it priced.
• Palisades Group charged $1,917 a year in every Newark ZIP code it priced.
• Liberty Mutual ran from $1,929 a year in 2 ZIP codes, including 07102 to $2,034 in 07106.
• State Farm ran from $1,920 a year in 07114 to $2,327 in 2 ZIP codes, including 07106.

Who has the cheapest homeowners insurance in Newark?

Chubb had the lowest home average for our sample home of the insurers anyone can buy from, $114 a month ($1,367 a year), 18.7% below New Jersey Manufacturers’ $1,681 a year, the next of those insurers. It may not be the lowest for your house, so compare a few quotes.

What changes your price: where the house sits, its value, age and roof, your deductibles, claims and credit, and whether you add a car. In Newark, ZIP code averages for this house ran from $147 to $155 a month, while insurers’ Newark averages ran from $114 to $186.

If prices stayed where they are today, the $865-a-year gap between the lowest and highest averages among the insurers anyone can buy from in Newark would add up to $4,325 over five years for this house.

Same house, different city: how does Newark compare?

The same sample home costs $153 a month in Newark, $123 in Trenton, $133 in Paterson and $144 in Jersey City, the 4 New Jersey cities in our data with at least 5 ZIP codes.

Same sample home: average home insurance prices in Newark, other New Jersey cities and the state (rates as of Sept. 30, 2026)

Each city covers the ZIP codes in our rate data with that city as their main mailing address; every row prices the same house.

Newark has the highest average of these New Jersey cities; Trenton, the lowest, averages $123 a month, 19.7% less for the same house.

Compared with Trenton, the New Jersey city with the most ZIP codes in our data (10), the same house costs 24.6% more to insure in Newark.

Across the U.S., 69 of the other 291 cities in our data with at least 5 ZIP codes priced have a lower average for this house than Newark, and 222 a higher one.

For the statewide picture, see home insurance costs in New Jersey and Jersey City home insurance costs.

Compare all states: home insurance costs for the same house in all 50 states and D.C.

Is $200 a month a lot for home insurance in Newark?

$200 a month is more than our sample home averages in Newark, $153 a month, the most expensive of the 4 New Jersey cities in our data with at least 5 ZIP codes. All 5 insurers we compared averaged under $200 for the same house. If a quote for your home is near $200, compare its dwelling limit and deductibles with ours ($300,000 and $1,000) before you decide.

What is the 80% rule in homeowners insurance?

New Jersey’s Department of Banking and Insurance explains that many policies reduce a partial-loss payment if you insure for less than 80% of your home’s replacement cost, the cost to rebuild it. For our $300,000 sample house, that’s at least $240,000, so check your limit against a current rebuilding cost, not the home’s market value.

How do hurricane and wind deductibles work in Newark?

Your deductible is the amount you pay out of pocket on each claim before your insurer pays. The house we priced has a $1,000 deductible for covered losses other than a hurricane, including wind and hail. Our sample home request also includes a 2% hurricane deductible, a setting we use in every state; real policies near the coast may carry a larger hurricane deductible, so ask for yours.

Some New Jersey policies also carry a separate hurricane deductible. Under the state’s rules it 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, and the winds don’t have to reach your house.

Your wind and hail deductible in dollars (illustration only)

The table shows deductibles, not premiums. At 2%, the deductible on our sample home’s $300,000 dwelling is $6,000, more than the $1,833 a year that house averages in Newark.

A higher deductible usually lowers your premium, so weigh the lower price against the bigger bill you’d face after a storm.

What if an insurer won’t renew your Newark 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 and give the specific reason and the facts behind it. Read the notice and your policy’s own cancellation and nonrenewal terms, then start shopping right away. If a notice doesn’t make sense to you, or you need help with a claim, call the New Jersey Department of Banking and Insurance at 1-800-446-7467.

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, and the state says to consider it only if you can’t get insurance anywhere else.

In our data, every insurer we compared priced our sample home in all 9 Newark ZIP codes.

How much is condo insurance in Newark?

Condo insurance for our sample condo averages $36 a month ($436 a year) in Newark. For our sample condo, prices among the 5 insurers we compared ranged from $32 to $41 a month, a $9-a-month gap for the same coverage.

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

New Jersey Manufacturers averaged $32 a month ($386 a year), Liberty Mutual $34 ($413), Allstate $37 ($447), Chubb $37 ($447) and State Farm $41 ($489) for our sample condo.

New Jersey Manufacturers had the lowest condo average for our sample condo of the insurers anyone can buy from, $32 a month ($386 a year), 6.5% below Liberty Mutual’s $413 a year, the next of those insurers. Your unit may price differently, so get a few condo quotes.

For condo insurance, Newark is the 2nd most expensive of the 4 New Jersey cities in our data with at least 5 ZIP codes: its average is 3.4% above the New Jersey condo average of $422 a year ($35 a month) and 9.3% below the average of the 50 states and D.C., $481 a year ($40 a month). Among the 292 U.S. cities in our data with at least 5 ZIP codes priced, 83 have a lower condo average for our sample condo than Newark, 208 a higher one. Our sample condo’s policy costs about 24% of what our sample home costs to insure in Newark.

For the same insurers and ZIP codes, the Newark condo average rose 9.4% since Nov. 2025, from $33 to $36 a month, as New Jersey Manufacturers’ rose 42.4%, Chubb’s rose 13.5% and Liberty Mutual’s rose 5.1%.

By ZIP code, the Newark condo average for our sample condo ran from $36 a month in 07106 to $37 in 07107.

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
• $1,000 deductible
• Built 2005

Which part of a Newark condo is yours to insure?

The association’s master policy covers the building, and your condo policy covers what the declaration and master policy leave to you. In our sample policy, $60,000 covers the inside of the unit and $60,000 your belongings, and that package averages $36 a month in Newark.

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 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 Newark homeowners

• New Jersey OEM: Floods and Flash Floods Explains how to find your flood risk and why homeowners policies do not cover flood damage.
• Understanding the NJ Flood Indicator Report Explains the state screening tool that shows FEMA flood zones and flood hazard areas near a property.
• New Jersey Department of Banking and Insurance: homeowners insurance Guides on coverage, shopping, renters insurance and flood. Consumer line: 1-800-446-7467.
• 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 Association of Insurance Commissioners: homeowners guide Coverage basics and the 80% rule.
• FEMA Flood Map Service Center The official source for FEMA flood maps.
• FloodSmart FEMA’s site for the National Flood Insurance Program.