MarketWatch highlights these products and services because we think readers will find them useful. This content is independent of the MarketWatch Newsroom, and we may receive a commission if you purchase products through the links in this article.
From coastal storms to some high-crime areas, New Jersey homeowners have a lot to worry about when it comes to protecting their homes from accidental damage. Homeowners’ insurance can bring peace of mind, including the cost of rebuilding or replacing the structure and contents of your home in the event of a disaster, among other benefits.
Because choosing the best homeowners insurance provider is so critical, it’s important to make an informed decision when choosing a company. We’ve researched and reviewed dozens of companies (see methodology below) and compiled the top picks in the Garden State.
To get a rough idea of each provider’s insurance costs, we provided sample premiums for a 1,700-square-foot single-family home in Marlton, NJ, valued at $250,000 to $300,000. To get custom pricing from suppliers in your area, request a quote online or call 855-948-5219.
Largest Homeowners Insurance Provider in New Jersey
1. Best overall: Statewide
2. The most user-friendly: Lemonade
3. Best deduction: Traveler
4. Best discounts and savings: Liberty Mutual
5. Best for Bundling: Forward Insurance
1. Best overall: Statewide
To be the best company, homeowners insurance providers must demonstrate quality across all of our key metrics during our in-depth review process. Allstate does just that with its strong track record in customer service, reputation, standard coverage, discount opportunities, and additional insurance options. The company also offers valuable claim rate protection that protects your policy premiums from increasing after a claim is filed.
professional Cons
Unique Discounts on Backup Generators Basic policies can be expensive
Basic offer includes water backup
Claim ratio protection prevents premium increases after claims are made
Annual premium: $1,477, $3,000 deductible
Discounts: Automatic payments, discounts for new customers welcome, loyalty, bundled with other policies, payments on time, no claims history, protections like alarms, backup generators
Other Coverage Options: Identity Theft, Water Backup, Roof Surface Extended Coverage Endorsements, Building Codes, Jewelry, Watches, Furs
2. The most user-friendly: Lemonade
Accessibility and technical features are becoming increasingly important to homeowners. Lemonade allows policyholders to easily manage policies, submit claims and accept payments. Advanced artificial intelligence software on its mobile app and website helps guide policyholders through registering and submitting claims. The company also donates unused premiums to charities each year.
Get an instant quote with Lemonade’s sign-up tool and see what your strategy might look like.
professional Cons
User-friendly registration, policy management and claims mobile application 5 years in business only
Quick, quick citation tools in less than two minutes No home and auto insurance combination options
The company makes regular donations to charities Does not include damage caused by high-risk dog breeds
Annual Fee: $1,215, minus $1,000
Discounts: Proximity to fire stations and hydrants, building frame types, gated communities, home security, fire alarms
Other Insurance Options: Specific coverage for high-value items including art, bicycles, cameras, and musical instruments; water backup, major other coverage for unmarried, pool liability
3. Best deduction: Traveler
We emphasize the deductible option for travelers because it allows homeowners to customize the amount they want to spend on the premium. If you choose the $10,000 deductible option from the company’s list of 9 options, your policy premium will be significantly lower than the smaller deductible option. Plus, it offers the benefit of reducing the deductible by $100 without raising your annual premium while you keep your policy.
professional Cons
Reduced deductible fringe benefits Some customers complain about this mobile app
24/7 Claims Support Office May offer fewer discounts compared to other companies
The company has 168 years of operating experience
Annual Fee: $1,158, less $1,000
Discounts: Claim history, early renewals, protections like sirens, bundled with auto insurance
Other Coverage Options: Roof and Siding Matching, Equipment Failure, Replacement Costs, Identity Theft
4. Best discounts and savings: Liberty Mutual
Turn to Liberty Mutual for the most extensive list of discount opportunities. Homeowners can enjoy valuable premium savings on claims history, new home buyers, full-time employment, and education levels. Aside from the discount, this policy is the cheapest option compared to the rates we get from other insurance companies in New Jersey.
professional Cons
Unique home buyer discounts The increase is smaller compared to some competitors
Die coverage not exceeding $10,000 Quote forms can be complex
24/7 Customer Support
Annual fee: $1,068, tax-deductible $1,000
Discounts: Fire and theft protection, water safety systems, fire sprinklers, employment status, new early purchase policies, bundles, basic home security features, new home buyers, claims history, education, home insurance limits to home value discounts
Other Coverage Options: Water Backup and Reservoir Pumps, Seismic Coverage, Identity Theft Protection, Computer, and Smartphone Coverage, Blanket Jewelry Protection
5. Best for Bundling: Forward Insurance
While Advance Insurance doesn’t have its homeowner’s insurance policy, it has an online tool to find the best partner company for potential clients. The sample quote we received was from Homesite, one of Progressive’s underwriting suppliers. Underwriting partnerships can confuse customer service and claims procedures. Still, for those who already have an Advance Insurance auto policy, it might be worth it to get some of the best home and auto bundle discounts and benefits.
professional Cons
Base offer includes replacement costs for housing and personal property Sell Covered Policy
Famous and Experienced Brands Quote tool asks for the social security number
home quote Tool to Compare Rates for Multiple Coverage Policies
Annual Fee: $1,316, minus $1,000
Discounts: automatic payments, full discount, paperless bills, home and car bundles, building age
Additional Insurance Options: Water Backup and Personal Injury Liability
Bottom line:
Allstate and Lemonade are our top picks for home insurance in New Jersey. Allstate is the best overall for its comprehensive policies, customer service, and add-on options, but premiums can be higher. Lemonade is known for its technical features and usability, from general policy administration to claims filing.
We recommend that you get quotes from several suppliers to make sure their prices and coverage are the best for you. To get a quote from a verified supplier near you, use this tool or call 855-948-5219.
New Jersey Homeowners Insurance Questions to Consider
Here is a few important factors to consider with each homeowners insurance company when deciding which policy to purchase for your New Jersey property:
Pricing and Fees
While we include sample details of insurance premiums, finding the exact pricing for your situation requires your quote. It is also helpful to know the exact cost of homeowners insurance. Factors such as claims and credit history, property size, home value, age of construction, neighborhood, framing type, roofing material, and even the mortgage on the property can all affect your homeowner’s insurance quote.
If you’re looking for ways to save on premiums, try buying a bundled policy from your auto insurance provider. You can also choose a provider with extensive discount opportunities, such as Liberty Mutual.
Additional insurance
Depending on your property, additional insurance may be an important selection factor in your decision. For example, if you have a swimming pool, you may want to take advantage of Lemonade’s swimming pool liability insurance endorsement. If your building has a larger roof that may require additional repairs after a storm, you might consider AllState’s Roof Surface Extended Coverage. Always consider any additional elements of your property to determine what homeowners insurance you need.
File a claim
For many homeowners, the claims submission process can be another priority. Some companies may be slow to answer and process claims, delaying payments and repayments following devastating losses. This unreliability can be frustrating, so it’s important to find a company with a smooth, easy system.
For example, Lemonade’s artificial intelligence software on its mobile app and website makes the claims submission process easier. It leads policyholders through claim forms and even makes instant decisions about money owed. Please visit this website to learn more. Travelers also take pride in the availability of a 24/7 claims center, including vacations.
common problem
What does homeowners insurance cover?
Homeowners’ insurance covers damage and loss due to unexpected events or hazards such as theft or natural disaster. Standard policies are usually divided into categories of coverage that include residential, other structures, additional living expenses, personal property, personal liability, and medical expenses paid to others. Each insurance category has an associated limit that is paid by the provider through the policy.
What other insurance companies are there in New Jersey?
These are just five of the many homeowner’s insurance companies that sell policies to New Jersey residents. Other providers in the state include USA, Geico, State Farms, Anda Insurance, and Nationwide.
How do you find the cheapest home insurance company in New Jersey?
Because every homeowner has a different price, getting a quote is an important part of determining your cheapest home insurance policy.
our way
The Home Media team surveyed dozens of home insurance companies and created a scoring system to judge each company’s quality and service. We contacted sample quotes via phone and the internet to simulate a real customer experience. Here are the factors we consider in our supplier review:
- Coverage (20%)
- Customer Service (15%)
- Technology (15%)
- Reputation (15%)
- Additional benefits (15%)
- Fee (20%)
Companies with the best customer service offer 24/7 availability, educational resources on the website, helpful digital tools, and a seamless claims filing process. To earn our reputation, we compared data from companies’ better Business Bureau pages, customer reviews, registered complaints, and years of experience.
Additionally, we researched specific offers and policy details to determine the value each company offers in terms of coverage, costs, and additional benefits. Vendors that offered extensive discount options, endorsements, customizable coverage options, and unique features scored significantly higher than those that didn’t, making them our top picks for our readers.
