Weather can be unpredictable in Jersey City year-round given the region's propensity for coastal storms during the fall and nor'easters during the winter months, so homeowners should will want to make sure they have enough home insurance to withstand these inclement conditions.
The average cost of homeowners insurance in Jersey City is $1,029 per year for a policy with $300,000 in dwelling coverage, according to our latest insurance pricing analysis. While rates in Jersey City are lower than the rest of the country on average, residents may be able to find a company with even lower premiums by shopping around and comparing home insurance quotes.
Compare the best cheap homeowners insurance companies in Jersey City
Based on our analysis, NJM, State Farm, Farmers, Chubb, and Plymouth Rock are the best homeowners insurance companies in Jersey City.
To find the best and cheapest homeowners insurance in Jersey City, Policygenius reviewed over a dozen of the largest insurance companies in the state of New Jersey and landed on the five with the highest overall Policygenius rating.
Our ratings are based on each company's financial strength and customer service ratings, the number and quality of available coverage, and average carrier premiums in each of Jersey City's 7 ZIP codes.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
$102 | 5.0 out of 5 | ||
$94 | 4.8 out of 5 | ||
$106 | 4.5 out of 5 | ||
$90 | 4.3 out of 5 | ||
$112 | 4.3 out of 5 |
Methodology & why you can trust our rates
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.
2025 Policygenius award winner
NJM Insurance
5.0
Bundle home & auto
Offers flood insurance
Offers earthquake insurance
Age 65+
Why we chose it
NJM is the best overall home insurance company in Jersey City for its cheap rates, range of coverage add-ons, and highly-rated customer service.
Pros and cons
Pros
Cheap rates and 9 discounts to save even more, including ones for being a non-smoker and owning a back-up generator
Excellent NAIC score for customer service — received 100% fewer complaints than other insurers of its size in 2021
Offers a variety of lesser-seen endorsements, such as earthquake, flood, and assisted living care coverage
Cons
Doesn’t offer mobile app or customer service via online chat
More details
Why we chose NJM
NJM is one of the best overall homeowners insurance companies in Jersey City. While NJM is a small company, its rates and coverage options stack up well against those of a much larger company.
We found that NJM has the cheapest homeowners insurance among major companies in Jersey City, on average. NJM also offers a few discounts — including a non-smoker discount — that you can use to lower your rates even more.
NJM has a few useful add-ons, too. You can get water backup coverage, flood insurance (via the company's partnership with Wright Flood), scheduled personal property coverage, and others.
How do NJM home insurance rates compare to the average in Jersey City?
The average cost of NJM home insurance in Jersey City is $1,220 per year, which is 19% more expensive than the average premium citywide.
How to get a quote
Online through NJM
2025 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is one of the best home insurance companies in Jersey City thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Top-tier coverage add-ons, including extended replacement cost coverage
High customer satisfaction and financial strength ratings
Offers large discounts when you bundle your home and auto insurance
Cons
20% more complaints filed with the NAIC than other companies of its size
No discounts for first-time homebuyers
Rates are more expensive than average in NJ
More details
Why we chose State Farm
State Farm is the best home insurance company in Jersey City for those who want to customize a basic policy with home insurance endorsements. With State Farm, you can get extended replacement cost coverage for your home, replacement cost coverage for your personal property, water backup protection, and much more.
You also get top-rated customer service with State Farm. The company has received high ratings from policyholders according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.
In Jersey City, State Farm's rates are higher than average. The company doesn't offer the same number of discounts as other insurers in the state, but if you're planning to bundle home and auto insurance with State Farm, you may receive a large discount.
How do State Farm home insurance rates compare to the Jersey City average?
The average cost of home insurance from State Farm in Jersey City is $1,029 per year, which is 10% higher than the citywide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2025 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Farmers is the best home insurance company in Jersey City for homeowners who want to add coverage to their policies. Farmers also has affordable rates, a range of discounts, and high claims satisfaction scores.
Pros and cons
Pros
Optional extended or guaranteed replacement cost dwelling coverage
Receives few complaints from policyholders and has a high claims satisfaction score
Cons
Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys
More details
Why we chose Farmers
Farmers is the best homeowners insurance company in Jersey City if you want to add coverage to a basic policy, including guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.
Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it was below-average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.
There are a few ways that homeowners can lower their rates with discounts. Farmers is one of the best companies for bundling home and auto coverage (you could save up to 18% on your premiums by bundling). The company also offers more than a dozen other discounts, many of which are easy for most homeowners to qualify for.
How do Farmers home insurance rates compare to the average in Jersey City?
The average cost of Farmers home insurance in Jersey City is $1,274 per year, which is 24% more expensive than the city's average annual premium of $1,029 per year.
How to get a quote
Online through Farmers
2025 Policygenius award winner
Chubb
4.3
All 50 states
Offers flood insurance
Offers extended replacement cost
Offers wildfire insurance
Smart home discounts
Bundle home & auto
Mobile app
New homebuyer discount
Why we chose it
Chubb is the best home insurance company for people with high-value and luxury homes, as well as other assets that need to be insured, like boats and luxury cars.
Pros and cons
Pros
Extended replacement cost coverage
Cash-out claim settlements
Complimentary wildfire and hurricane mitigation services
Cons
Below-average J.D. Power customer satisfaction ratings
More details
Why we chose Chubb
Chubb is the best home insurance company in Jersey City for high-value homes. While it's more expensive than average, Chubb's coverage offerings and specialized features make it our top pick for high-net worth individuals.
Chubb offers a range of robust coverages on top of its basic home insurance protections. These add-ons include extended replacement cost coverage for your home, replacement cost coverage for your personal property, water backup coverage, blanket personal property coverage, equipment breakdown coverage, and more.
You can also get a few special features with Chubb, like property manager services for a second home, high-tech home inspections, and personalized claims services.
How do Chubb home insurance rates compare to the Jersey City average?
The average cost of home insurance from Chubb in Jersey City is $1,081 per year, which is 5% more expensive than the citywide average of $1,029 per year.
How to get a quote
Online through Policygenius or Chubb
2025 Policygenius award winner
Plymouth Rock
4.3
Bundle home & auto
Offers flood insurance
Offers extended replacement cost
New homebuyer discount
Why we chose it
Plymouth Rock offers flood insurance through its partnership with Neptune Flood, along with other useful endorsements that you can add to a basic policy.
Pros and cons
Pros
Offer private flood insurance with up to $2 million in coverage through its partnership with Neptune Flood
Guaranteed replacement cost coverage for your home available
Cons
Doesn’t offer replacement value coverage for your personal belongings
Much higher rates than average in NJ
More details
Why we chose Plymouth Rock
Plymouth Rock is the best homeowners insurance company in Jersey City for those who live near the coast or in a low-lying part of the state and need flood insurance. As an alternative to an NFIP policy, you can get up to $2 million in flood insurance from Plymouth Rock and its partnership with Neptune Flood.
You can also add a few types of home insurance to a basic Plymouth Rock policy, including guaranteed replacement cost coverage for your home, water backup protection, home systems coverage, and more.
How do Plymouth Rock home insurance rates compare to the Jersey City average?
The average cost of Plymouth Rock home insurance in Jersey City is $1,338 per year, which is around 30% higher than the annual citywide average of $1,029.
How to get a quote
Online through Policygenius or Plymouth Rock
How much is homeowners insurance in Jersey City?
The average cost of homeowners insurance in Jersey City is $1,029 per year, or $86 per month, according to our analysis of quoted premiums in every ZIP code in the city.
This makes home insurance in Jersey City around 16% more expensive than the New Jersey state average of $886 per year, but 41% cheaper than the national annual average of $1,754.
Jersey City home insurance rates by ZIP code
To help you find out how much home insurance costs where you live, we calculated average home insurance rates in every Jersey City ZIP code.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
07305 | $1,020 | 15% |
07306 | $1,031 | 16% |
07302 | $1,010 | 14% |
07304 | $1,040 | 17% |
07307 | $1,027 | 16% |
07310 | $1,016 | 15% |
07311 | $1,056 | 19% |
Cheapest ZIP codes for home insurance in Jersey City
With an average annual premium of $1,010, the 07302 ZIP code has the cheapest average home insurance rates in Jersey City.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
07302 | $1,010 | 14% |
07310 | $1,016 | 15% |
07305 | $1,020 | 15% |
07307 | $1,027 | 16% |
Most expensive areas for homeowners insurance in Jersey City
With an average annual premium of $1,056, the 07311 ZIP code has the most expensive average home insurance rates in Jersey City.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
07311 | $1,056 | 19% |
07304 | $1,040 | 17% |
07306 | $1,031 | 16% |
Learn more >> Home insurance rates by ZIP code
Jersey City home insurance costs by coverage amount
Along with your home's location, your homeowners insurance premiums are also largely based on how much dwelling coverage is in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.
The average annual home insurance premium for a Jersey City home with $500,000 in dwelling coverage is $1,559 — around $500 higher than the citywide average.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $473 |
$200,000 | $761 |
$300,000 | $1,029 |
$400,000 | $1,292 |
$500,000 | $1,559 |
Jersey City home insurance costs by deductible amount
Your home insurance deductible is the amount you’re responsible for paying on each claim before insurance covers the rest of the costs. A higher deductible will get you lower home insurance premiums, but it will also leave you covering a higher proportion of each claim amount out of your own pocket.
Jersey City residents can save around $400 per year on home insurance by choosing a $1,000 deductible instead of the $500 option.
Deductible | Average annual cost |
|---|---|
$500 | $1,079 |
$1,000 | $676 |
Cheapest homeowners insurance companies in Jersey City
Based on our analysis, Cumberland Mutual, Selective Insurance, Narragansett Bay, UPC Insurance, and National General are the five cheapest home insurance companies in Jersey City, with average premiums ranging from $585 to $996 per year.
Company | Average annual cost |
|---|---|
Cumberland Mutual | $585 |
Selective Insurance | $679 |
$761 | |
$961 | |
$996 | |
The Philadelphia Contributionship | $1,015 |
Franklin Mutual Insurance | $1,016 |
Preferred Mutual Insurance | $1,018 |
$1,081 | |
$1,131 | |
$1,160 | |
$1,196 | |
$1,220 | |
$1,274 | |
$1,338 |
Cheapest home insurance in Jersey City if you have poor credit
Having a poor credit score not only makes it more difficult to take out an affordable loan on your home or car, but it can also make it more expensive to insure that home or car. In some cases, you may be turned down by insurance companies if your credit score is too low.
With an average annual premium of $969, Narragansett Bay has the cheapest home insurance rates in Jersey City for a homeowner with poor credit, while Farmers' average of $2,424 per year is the most expensive.
Company | Average annual cost |
|---|---|
Narragansett Bay | $969 |
Selective Insurance | $977 |
Franklin Mutual Insurance | $1,016 |
Cumberland Mutual | $1,226 |
Plymouth Rock | $1,338 |
Preferred Mutual Insurance | $1,401 |
National General | $1,470 |
The Philadelphia Contributionship | $1,491 |
Chubb | $1,546 |
UPC Insurance | $1,586 |
Progressive | $1,702 |
NJM | $1,848 |
State Farm | $1,903 |
USAA | $1,904 |
Farmers | $2,424 |
Cheapest home insurance in Jersey City if you have an older home
Many insurance carriers consider older homes to have a higher risk of damage or loss compared to newer properties since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code.
Looking at average home insurance quotes for a 50-year-old home, Cumberland Mutual is the cheapest home insurance option for Jersey City residents with older homes, while Plymouth Rock is the most expensive.
Company | Average annual cost |
|---|---|
Cumberland Mutual | $585 |
Selective Insurance | $699 |
Narragansett Bay | $800 |
Chubb | $941 |
The Philadelphia Contributionship | $1,015 |
Franklin Mutual Insurance | $1,016 |
Preferred Mutual Insurance | $1,018 |
UPC Insurance | $1,028 |
National General | $1,046 |
Farmers | $1,065 |
USAA | $1,119 |
State Farm | $1,131 |
Progressive | $1,137 |
NJM | $1,307 |
Plymouth Rock | $1,338 |
Cheapest homeowners insurance in Jersey City if you have a history of claims
Your claims history is one of the main factors insurers will consider when determining your home insurance premiums.
Typically, if you file one or multiple claims within a five year span, you may be considered a risk for future claims and your insurer could charge you higher rates as a result.
According to our analysis of company premiums for a Jersey City homeowner with three claims within a five-year period, Chubb has the cheapest average rates, while Foremost's are the priciest
Company | Average annual cost |
|---|---|
Chubb | $941 |
Cumberland Mutual | $969 |
Franklin Mutual Insurance | $1,016 |
Preferred Mutual Insurance | $1,018 |
Selective Insurance | $1,185 |
State Farm | $1,246 |
Plymouth Rock | $1,338 |
NJM | $1,431 |
The Philadelphia Contributionship | $1,537 |
Progressive | $1,639 |
USAA | $1,648 |
UPC Insurance | $1,682 |
Narragansett Bay | $1,696 |
National General | $1,911 |
Farmers | $3,157 |
How to get homeowners insurance quotes in Jersey City
Now that you're familiar with the best and most affordable insurance companies in Jersey City, it's time to start shopping for homeowners insurance. Here are some things you should keep in mind as you compare home insurance quotes in Jersey City.
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 $143 more per year 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.
