Quick Answer — Home Insurance in New Jersey
Homeowners insurance in New Jersey costs about $1,774/year ($148/month) in 2026 — −50% below the U.S. average of $3,548 (MoneyGeek). New Jersey runs about half the national average despite its coastline.
$1,774/yr
New Jersey average
$148/mo
Monthly estimate
−50%
vs US avg ($3,548)
Coastal storms
Main cost driver
New Jersey runs about half the national average despite its coastline. Noreasters and hurricanes like Sandy create real coastal exposure, but the statewide average stays moderate and the market is comparatively stable.
Estimate your own premium by home value and coverage level
Open the Home Insurance Calculator →How Much Is Homeowners Insurance in New Jersey?
| Reference | Annual | Monthly |
|---|---|---|
| New Jersey average | $1,774 | $148 |
| U.S. national average | $3,548 | $296 |
| Most expensive state (Florida) | $10,240 | $853 |
| Cheapest of the major states (California avg) | $1,348 | $112 |
Average annual premiums are MoneyGeek 2026 figures for a standardized homeowner profile. Your rate varies by dwelling value, home age, roof, ZIP code, deductible, and claims history.
Why Homeowners Insurance Is Cheaper in New Jersey
New Jersey runs about half the national average despite its coastline. Noreasters and hurricanes like Sandy create real coastal exposure, but the statewide average stays moderate and the market is comparatively stable.
How to Lower Your Home Insurance in New Jersey
- Buy flood insurance separately through the NFIP — it is not part of a standard policy.
- On the shore, confirm your hurricane/named-storm deductible.
- Bundle home and auto for the largest available discount.
- Compare at least three insurers each renewal, and bundle home with auto for a multi-policy discount.
Homeowners Insurance Cost in Other States
Home insurance is priced state by state, so costs swing widely. Compare New Jersey with other states:
Frequently Asked Questions
How much is homeowners insurance in New Jersey?
The average homeowners insurance premium in New Jersey is about $1,774 per year, or roughly $148 per month, in 2026 (MoneyGeek). That is −50% below the U.S. national average of $3,548. Your actual rate depends on your home's value, age, roof, location, and claims history.
Why is homeowners insurance cheaper in New Jersey?
New Jersey runs about half the national average despite its coastline. Noreasters and hurricanes like Sandy create real coastal exposure, but the statewide average stays moderate and the market is comparatively stable.
How can I lower my homeowners insurance in New Jersey?
Buy flood insurance separately through the NFIP — it is not part of a standard policy. On the shore, confirm your hurricane/named-storm deductible. Bundle home and auto for the largest available discount.
Is home insurance required in New Jersey?
No state legally requires homeowners insurance, but your mortgage lender will require it as a condition of the loan. If you own the home outright it is optional, though going without coverage in New Jersey is a significant financial risk given local perils.