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.
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.
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.
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 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
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
Read our full State Farm home insurance review
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 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
Read our full Chubb homeowners insurance review here
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 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
Read our full Plymouth Rock home insurance review here
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
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
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 |
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:
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.
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
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.
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.
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.
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.
