Average home insurance cost in New Jersey
New Jersey is one of the cheapest states in the country to insure a home, ranking #5 of 51. Homeowners here pay about 41% less than the national average — roughly $1,010 a year in savings, largely because catastrophic-weather exposure is low.
The single most reliable way to cut your premium is comparing quotes — the gap between the cheapest and priciest carrier for the same coverage regularly exceeds $1,000 a year.
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How New Jersey compares with its neighbors
| State | Annual premium | Difference vs NJ |
|---|---|---|
| New Jersey | $1,480 | — |
| New York | $1,710 | +$230/yr |
| Pennsylvania | $1,720 | +$240/yr |
| Delaware | $1,365 | −$115/yr |
New Jersey home insurance FAQ
How much is homeowners insurance in New Jersey?
Home insurance in New Jersey averages $1,480 per year — about $123 per month — for a benchmark policy with $400,000 in dwelling coverage, $300,000 liability and a $1,000 deductible. Your rate depends on your home's age, construction, location and claim history.
Is home insurance in New Jersey more expensive than average?
No. New Jersey's average of $1,480/year is about 41% below the U.S. average of $2,490/year, ranking #5 of 51 (1 = cheapest).
How can I lower my home insurance bill in New Jersey?
The four moves that reliably work: compare quotes from at least three carriers (the biggest lever — gaps of $1,000+ per year for identical coverage are common), raise your deductible to an amount you could cover in an emergency, bundle home and auto with one carrier for a 10–25% discount, and ask about discounts for wind-resistant roofing, monitored security systems and claim-free history.
The single most reliable way to cut your premium is comparing quotes — the gap between the cheapest and priciest carrier for the same coverage regularly exceeds $1,000 a year.
Compare home insurance quotesWe may earn a commission if you request quotes through this link. It costs you nothing and never affects the data we publish.