Best homeowners insurance in Jersey City, NJ for 2022

We looked at average costs, coverage availability, and customer satisfaction ratings to find the best homeowners insurance companies in Jersey City.

Gianetta Palmer

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Gianetta Palmer

Gianetta Palmer

Freelance contributor

Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

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By

Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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With winter storms and occasional hurricanes, weather can be unpredictable in Jersey City, so homeowners should ensure they have enough home insurance to withstand whatever the elements throw at them. 

The average cost of homeowners insurance in Jersey City is $1,029 per year or $86 a month. This is around 11% higher than the statewide average of $926 per year and 46% lower than the national average of $1,899. 

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However, the cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Jersey City.  

Best homeowners insurance companies in Jersey City

Of the companies we looked at, Chubb has the lowest home insurance rates in Jersey City, with an average annual policy cost of $1,081 per year — only $150 higher than the state average. State Farm has the next lowest average rates at $1,131 per year.

Policygenius analyzed thousands of quotes from the 5 largest Jersey City insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Jersey City residents to find the best homeowners insurance in Jersey City.

Company

Average yearly cost

J.D. Power Rating

NJM

$1,220

--

State Farm

$1,131

835

Chubb

$1,081

801

Plymouth Rock

$1,338

--

USAA

$1,160

882

NJM Insurance

NJM Insurance logo

NJM offers customizable home insurance coverage at an affordable rate, including policy add-ons for increased protection for your computers, firearms, credit cards, and more.

Pros

  • Coverage add-ons include mold protection, HOA insurance, earthquake coverage, and assisted living care protection

  • Increased personal property coverage limits available

  • Save with discounts for nonsmokers, owning a backup generator, installing storm shutters, and more

  • Excellent customer satisfaction ratings

  • Receives fewer customer complaints than the industry average

  • File claims online — with 24/7 claims support

Cons

  • Doesn't offer extended replacement cost coverage for your home or belongings

Why NJM tops our best list

NJM offers customizable home insurance coverage options at an affordable price. Customers can choose from coverage add-ons like mold protection and earthquake coverage. And with discounts for everything from owning a backup generator or being a nonsmoker, clients can save even more on their home insurance.

How to get a quote

Online through NJM

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm is well known for its excellent customer satisfaction ratings from J.D. Power, scoring well in its 2021 home insurance study. Customers can get up to $1 million in personal liability coverage and score discounts for bundling policies, installing home security systems, or choosing a higher deductible.  

How to get a quote

Online through State Farm

Chubb

Chubb logo

Chubb is a top-tier insurer ideal for high-value homes that need more robust coverage that goes beyond the run-of-the-mill options offered by traditional insurance companies.

Pros

  • Base policies include extended replacement cost coverage for your home and replacement cost coverage for your personal property — two perks that cost extra with most other companies

  • Helps you find temporary living arrangements if your home can't be lived in after a covered loss

  • No deductible on losses greater than $50,000

  • Cash-out claim settlement option means you can still get paid even if you decide not to repair your home after a covered loss

Cons

  • Rates are among highest in the industry

  • Will only insure high-value homes

Why Chubb tops our best list

We love the fact that Chubb offers several perks that cost extra with other companies, including extended replacement cost coverage for your home, and replacement cost protection for your personal belongings. There is no deductible to pay with Chubb if your damages are more than $50,000, and Chubb will help find temporary living arrangements if your home can’t be lived in after a covered loss.

How to get a quote

Online through Policygenius or Chubb

Plymouth Rock

Plymouth Rock logo

Plymouth Rock offers comprehensive dwelling coverage option like guaranteed replacement cost, affordable rates, and simplified claims and policy management thanks to a convenient mobile app.

Pros

  • Rates are lower than the national average

  • Offers guaranteed replacement cost coverage

  • Multiple discount options

Cons

  • No online quotes

Why Plymouth Rock tops our best list

Plymouth Rock offers a complete line of insurance products for most coverage needs and budget. While only available in six states, Plymouth Rock has rates below the national average, and with a slew of discounts that include being a new customer and using fire-resistant building materials, Jersey City residents will have reliable protection for when it matters the most.

How to get a quote

Online through Policygenius or by calling Plymouth Rock

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

Why USAA tops our best list

USAA offers insurance products to those serving in the military and their family members. USAA’s base policy includes coverages that are more expensive with other companies, and customers can earn discounts for bundling their home and auto insurance policies, opting for e-billing, and being a loyal USAA member.

How to get a quote

Online through USAA

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Cheapest homeowners insurance companies by ZIP code in Jersey City

Looking at average home insurance costs for 15 of the most popular companies in Jersey City, we found that the cheapest home insurance in the city can be found in the 07310 and 07311 ZIP codes (Historic Downtown) with Narragansett Bay. The average Narragansett Bay rate in this area is $699 per year — $300 less than the city average of $1,029 per year. 

ZIP code

Company

Average yearly cost

07302

Narragansett Bay

$730

07304

Narragansett Bay

$824

07305

Narragansett Bay

$796

07306

Narragansett Bay

$784

07307

Narragansett Bay

$795

07310

Narragansett Bay

$699

07311

Narragansett Bay

$699

The most affordable areas for homeowners insurance in Jersey City

With an average home insurance rate of $1,010 per year, the 07302 ZIP code (The Waterfront) is the most affordable area for home insurance in Jersey City.  

ZIP code

Average yearly cost

07302

$1,010

07310

$1,016

07305

$1,020

07307

$1,027

07306

$1,031

The most expensive areas for homeowners insurance in Jersey City

With an average home insurance rate of $1,020, the 07305 ZIP code (Greenville) is the most expensive area for home insurance in Jersey City. 

ZIP code

Average yearly cost

07311

$1,056

07304

$1,040

07306

$1,031

07307

$1,027

07305

$1,020

Shopping for homeowners insurance in Jersey City

Shopping for home insurance in Jersey City is easy to do if you know where to look. With help from the experts at Policygenius, shopping for insurance has never been easier. We can help you find quotes from top companies at a price that works within your budget.

In this section, we break down the average annual home insurance rates in Jersey City for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies for dog and pool owners, and those with a low credit score.

Jersey City home insurance costs by coverage amounts

Dwelling coverage is the section of your homeowners insurance policy that pays to repair or rebuild your home after a covered loss. Jersey City residents will want to make sure their dwelling coverage limit is high enough to cover the cost of a full rebuild after a potentially devastating storm like Hurricane Sandy.

As highlighted in the table below, more dwelling coverage means higher home insurance rates in Jersey City.

Dwelling coverage amount

Average yearly cost

$100,000

$473

$200,000

$761

$300,000

$1,029

$400,000

$1,292

$500,000

$1,589

Personal liability coverage is the portion of your home insurance that pays for things like medical and legal bills in case you’re legally responsible for an injury. You should have enough liability coverage to cover the value of your assets in the event of an expensive lawsuit.

Liability coverage amount

Average yearly cost

$100,000

$996

$200,000

$955

$300,000

$1,029

$400,000

$903

$500,000

$1,077

Jersey City home insurance costs by deductible amount

Your deductible is the amount you’re responsible for paying before your home insurance kicks in to cover a claim. 

A higher deductible means lower home insurance premiums, but it also means you’ll be paying more out of pocket on claims. Jersey City residents can save around $150 on their home insurance by selecting a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$1,172

$1,000

$1,023

$2,000

$1,029

Home insurance discounts in Jersey City

One way to protect your house against break-ins and lower your homeowners insurance costs is by installing certain safety features in your home, like deadbolt locks and home security systems. While you won’t see that large of a difference in your premiums, the extra peace of mind is well worth the installation costs. 

Here is the average annual rate and average discount percentage for homes in Jersey City with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$1,028

Smoke alarm

$1,024

Burglar alarm

$976

Wind mitigation discounts in New Jersey

Many home insurance companies in New Jersey offer wind mitigation discounts for installing permanent storm shutters or impact-resistant glass to better help your home withstand high winds and flooding caused by a hurricane or strong windstorm.

→ Learn more about wind mitigation discounts & how to qualify

Home insurance companies in Jersey City for dog owners

If you’re considering adding a dog to your family nucleus, you should be aware that certain dangerous dog breeds can cause your home insurance rates to increase. Some insurance companies charge higher rates for certain dog breeds because of the increased possibility of a dog bite. 

With an average rate of $1,081 per year, Chubb has the cheapest home insurance rates in Jersey City for a home with a dangerous dog breed, while Plymouth Rock’s average yearly premium of $1,338 is the highest. 

Company

Average yearly cost

Chubb

$1,081

State Farm

$1,131

USAA

$1,160

NJM

$1,256

Plymouth Rock

$1,338

Home insurance companies in Jersey City for poor credit

Late or missing credit card payments might not seem like a big deal, but it can have a huge effect on your credit score and could result in higher home insurance rates. 

With an average rate of $1,338 per year, Chubb has the cheapest home insurance rates in Jersey City for a homeowner with poor credit, while USAA’’s average yearly premium of $1,904 is the highest. 

Company

Average yearly cost

Plymouth Rock

$1,338

Chubb

$1,546

NJM

$1,848

State Farm

$1,903

USAA

$1,904

Home insurance companies in Jersey City for pool owners

Lounging around the pool on a hot summer day sounds like our idea of fun.However, if you do have a swimming pool, you might see higher home insurance rates, as some insurance providers consider swimming pools to be a liability risk.

With an average rate of $1,081 per year, Chubb has the cheapest home insurance rates for Jersey City homes that have a swimming pool, while Plymouth Rock has the most expensive rates at $1,338 per year.

Company

Average yearly cost

Chubb

$1,081

State Farm

$1,131

USAA

$1,160

NJM

$1,240

Plymouth Rock

$1,338

How to buy homeowners insurance in Jersey City

To be sure you’re paying the lowest possible price and getting the best insurance for your needs, we’ve compiled a list of easy steps to take as you shop for home insurance in Jersey City:

  1. Reach out to a licensed Policygenius agent. Insurance is our business and we’re here to help! Our team of insurance experts can work within your budget to find a policy that works best for you.

  2. Ask if you need flood insurance or additional hurricane coverage. Ask a Policygenius agent about adding flood insurance coverage to your policy to protect your home and assets if another storm like Hurricane Sandy comes along

  3. Figure out how much of a deductible you need.A lower deductible means you’ll pay more for home insurance overall, but less out of pocket on each claim. A Policygenius agent can help you pick out a deductible that works best for you.

  4. Compare quotes from a Policygenius agent. Once you’ve nailed down what coverage options, limits, and deductibles you can afford, one of our insurance experts can send over quotes for you to review. 

  5. Choose your policy, sign it, and pay your first premium. After you’ve settled on the best policy for your needs, Policygenius will handle all of the paperwork for you. All that’s left for you to do is sign on the dotted line and pay your first premium.

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Frequently asked questions

What is the average home insurance cost in Jersey City?

The average home insurance rate in Jersey City is $1,029 a year or $86 a month. That’s about $9 more per month than the statewide average.

Is home insurance required in Jersey City?

Homeowners insurance isn’t required in Jersey City unless you financed your home. Lenders require home insurance to protect their investments against disasters like those caused by Hurricane Sandy. Even if you don’t have a loan on your house, getting home insurance is an excellent way to keep your family protected when bad weather threatens it.

Is homeowners insurance cheaper in Jersey City?

Compared to other cities in the area, including Newark and New York City, home insurance rates in Jersey City are generally low. A Policygenius agent can help you lower your home insurance costs by showing you quotes from several providers.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Author

Freelance contributor

Gianetta Palmer

Freelance contributor

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Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

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