Cost & Coverage
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Find the best renters insurance in Jersey City for the most affordable way to protect your belongings.
Jersey City is a popular city because it provides a short commute to New York City but with (relatively) cheaper rent. But only 25% of Jersey City renters have renters insurance.1
But with policies as low as $5 a month in Jersey City, there’s no good reason to not have renters insurance. Here are the best companies and resources for renters in JC.
|Insurance Company||Monthly Cost - $500 Deductible||Monthly Cost - $1,000 Deducible|
**$500 deductible not available
***Price based on $250 deductible. Other deductibles unavailable
Methodology: We pulled renters insurance quotes online from five of the most popular insurance companies: State Farm, Lemonade, Allstate, Travelers and Stillwater. Quotes were for policies with $500 and $1,000 deductibles for a 30-year-old male apartment renter. We deferred to the most comparable coverage amounts when identical policies were unavailable.
|Medical payments to others||$1,000||$1,000||$1,000||$2,000||$1,000|
Renters insurance coverage is more than just protecting your personal property. Here’s a rundown of the basic components of a policy when you're comparing renters insurance rates.
We’ve got a full explainer of what renters insurance covers here.
Renters insurance is not legally required for renters in Jersey City. However, landlords can make it mandatory for signing a lease. Always be sure to check with a potential landlord so you don’t risk being in violation of your lease.
Only a quarter of renters in Jersey City have renters insurance, but many more should. Why? According to Jersey City Police Department information compiled by the FBI Crime Data Explorer, there were 953 burglaries reported in 2016 in Jersey City, along with 2,979 cases of larceny theft and 40 cases of arson.2
Plus, Jersey City isn’t exempt from Mother Nature. The city averages around 4 inches of rain nine months out of the year and over 26 inches of snow a year.3 Renters insurance helps protect your possessions in the event of a leaky roof from excessive rain or snow, which can easily add up to thousands of dollars
Jersey City tenants looking for more resources on renting, and their rights as renters, should visit the following:
Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.
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Yes, we have to include some legalese down here. Read it larger on our legal page. Policygenius Inc. (“Policygenius”) is a licensed independent insurance broker. Policygenius does not underwrite any insurance policy described on this website. The information provided on this site has been developed by Policygenius for general informational and educational purposes. We do our best efforts to ensure that this information is up-to-date and accurate. Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application. Savings are estimated by comparing the highest and lowest price for a shopper in a given health class. For example: for a 30-year old non-smoker male in South Carolina with excellent health and a preferred plus health class, comparing quotes for a $500,000, 20-year term life policy, the price difference between the lowest and highest quotes is 60%. For that same shopper in New York, the price difference is 40%. Rates are subject to change and are valid as of 2/17/17.
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