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Last updated on May 19, 2020

The Best Homeowners Insurance Companies in New Jersey

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New Jersey’s average annual premiums for homeowners insurance are right in line with the national average — $1,149 per year for an HO-3 policy, compared to $1,173 nationwide. That said, how much you’ll pay can vary a lot depending on your home’s size, your assets, and your address. Use our tool to find your best rates:

Heads up: Coverage and pricing vary.

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Find the Best Home Insurance

Based on our evaluation of the largest homeowners insurance companies in New Jersey, we found New Jersey Manufacturers to be the best provider all-around. New Jersey Manufacturers offers low rates for excellent home insurance coverage, as well as a variety of discounts and great customer service ratings. 

To choose the top insurance company, we looked at the biggest home insurance companies in New Jersey by market share, and then analyzed each one based on their coverage options, average premium, discounts and customer service ratings. We’ve included the full list of our recommended carriers below.

The 5 Best Homeowners Insurance Companies in New Jersey

  New Jersey Manufacturers Cumberland MutualKingstone InsuranceFranklin Mutual Insurance Selective Insurance
AM Best Financial Strength Rating A+A-A-A+ A
J.D. Power Overall Customer Satisfaction Score (Relevant region) N/AN/AN/AN/A N/A
Online Quote ToolXXX X

Compare ratesCompare ratesCompare ratesCompare ratesCompare rates

Average Cost of Homeowners Insurance in New Jersey

The average cost of homeowner insurance in New Jersey is $1,192 per year. That is just slightly under the United States national average, which is $1,211 annually.

However, the actual rate that you’ll pay for homeowners insurance in New Jersey depends on a number of different factors. For instance, the city you live in, the size of your home, your age, your marital status, and other considerations are used to calculate your rate.

Home Insurance add-ons that will further protect you

Homeowners insurance policies protect the structure of your home, your personal belongings and liability, among other things. In addition, most insurance providers offer add-on policies that give you even more coverage beyond what your basic policy includes.

If you live on the New Jersey coast, it’s a good idea to purchase flood and hurricane insurance. Flood insurance is offered through the National Flood Insurance Program, and you can purchase a policy from most home insurance companies. 

Wind damage may already be covered under your basic homeowners insurance policy, but it might not offer enough coverage if you live in a high-risk area. People who own a home on the coast will benefit from a separate windstorm insurance policy, which covers damages from hurricanes.

Helpful Resources for New Jersey Homeowners

The New Jersey Department of Banking and Insurance offers great resources for residents shopping for homeowners insurance. You’ll find articles on how to find a home insurance company, what is covered under most policies, how to file a claim and more. They also offer information on how to get flood insurance in New Jersey. 

While you’re shopping around for homeowners insurance, it’s important to get multiple quotes to determine which company will give you the best value. To get a quote, you’ll need to contact a representative or take a short online quiz.

You’ll be asked to provide basic personal information, like your name, marital status, gender and age. The insurance company will also ask about your home, including the address, size, year it was built, and so on.


To create a list of the best homeowners insurance providers in New Jersey, we started by compiling a list of the biggest companies by market share. We also got sample quotes to determine the average annual rate for a home insurance premium. From there, we closely evaluated each company by price, coverage options, discounts, add-on policies and customer service ratings.

Best New Jersey Homeowners Insurance Companies

New Jersey Manufacturers

New Jersey Manufacturers
New Jersey Manufacturers


  • Great customer service
  • Extensive discounts
  • Online quote generator


  • Limited offices

New Jersey Manufacturers stands out for its exceptional customer service reviews, which can be hard to find in the insurance industry. The company is ranked 4.8 out of 5 based on over 3,700 reviews on Trustpilot.

We also like the fact that New Jersey Manufacturers offers a long list of discounts that can help customers save money on their premium. However, this company is most ideal for people who want to manage their insurance policies online.

Cumberland Mutual

Cumberland Mutual
Cumberland Mutual


  • Low insurance rates
  • Report a claim online
  • Good discounts


  • No online quote tool

Cumberland Mutual has over 175 years of experience in the insurance industry. The company offers affordable rates, in addition to discounts for policy bundling, being claims-free, insuring a newer home and more.

Although customers can’t get a quote online, they can file a claim online for property damage, theft or liability. Cumberland Mutual also runs an emergency claims hotline for after-hours claims that need immediate attention.

Kingstone Insurance

Kingstone Insurance
Kingstone Insurance


  • Specializes in coastal and vacation homes
  • High coverage limits
  • No hurricane or wind deductible requirements 


  • No online resources or tools

Kingstone Insurance is a great insurance provider for people who live on the New Jersey coast, or have seasonal homes near the ocean. 

The company offers high coverage limits, which can be hard to find from other providers, and does not have wind or hurricane deductible requirements.

While customers can file a claim online, the company doesn’t offer many tools or resources. You also have to work with an agent to obtain a quote and purchase a policy.

Franklin Mutual Insurance

Franklin Mutual
Franklin Mutual


  • Online customer portal
  • Extended limit endorsement
  • Customizable coverage


  • No online quote tool

Franklin Mutual offers a number of benefits to its customers. Through the online portal, customers can file a claim, make a payment, manage their policy and check the status of a claim. The only thing you can’t do online is get a quote. 

We also like the fact that customers can customize their homeowners insurance policy based on their needs, and also that Franklin Mutual’s extended limit endorsement can also help customers save even more money. 

Selective Insurance

Selective Insurance
Selective Insurance


  • Affordable premiums
  • Extensive coverage options
  • Good mobile app


  • No online quote tool

Selective Insurance was included in our top picks because it offers affordable home insurance premiums to New Jersey residents, as well as a variety of discounts (such as policy bundling, installing safety devices, and paying bills on time). 

The company also offers a number of add-on coverages and endorsement policies with The Selective Edge®, including guaranteed replacement cost, theft, non-building structures, large loss deductive waiver, and water back up.

The one downside to Selective Insurance is that they don’t offer an online quote tool. 

The Cheapest Homeowner Insurance Companies In New Jersey

Homeowner  Insurance CompaniesAverage Annual Premium
Selective Insurance$372
Cumberland Mutual$411
New Jersey Skylands Insurance$522
Kingstone Insurance$525
Narragansett Bay Insurance$540
Franklin Mutual$598
New Jersey Manufacturers$611
Germantown Insurance$641
Preferred Mutual Insurance$657
Palisades Property and Casualty Insurance$709
State Farm$724
U.S. Coastal Insurance$875
High Point Preferred Insurance$940
The Hanover$1,058
Philadelphia Contributionship Insurance$1,060
Liberty Mutual$1,257
Average Annual Premium Across Companies$752
Homeowner Insurance by Age of HomeAverage Annual Premium
0-5 years$947
5-20 years$942
20-35 years$916
35-50+ years$726
Average Annual Premium Across Ages$883

Quadrant home insurance rate data as of  12/01/2019. 

These rates are a sample set meant only for general comparison. Your own premium will vary. Learn how we tested rates for the cheapest home insurance companies in our methodology.

Top 3 Cheapest Homeowner Insurance Companies in New Jersey

  • New Jersey Skylands Insurance – $522
  • Cumberland Mutual – $411
  • Selective Insurance – $372

Top 3 Most Expensive Homeowner Insurance Companies in New Jersey

  • Liberty Mutual – $1,257
  • Encompass – $1,079
  • Philadelphia Contributionship Insurance  – $1,060

The cheapest home insurance in New Jersey is from Selective Insurance, Cumberland Mutual and New Jersey Skylands Insurance. The priciest home insurance policies are from Philadelphia Contributionship Insurance, Encompass and Liberty Mutual. 

However, homeowners insurance rates vary, and the price you pay is based on a number of different factors. To get the best value from your insurance coverage, it’s important to shop around and get multiple personalized quotes before purchasing a policy. 

Homeowners Insurance FAQ

Is homeowners insurance required in New Jersey?

No homeowners insurance is not required in New Jersey. However, if you have a mortgage on your home, your lender will probably require you to have a minimum amount of coverage.

What is the cheapest homeowners insurance in New Jersey?

The cheapest homeowners insurance provider in New Jersey based on averages is Selective Insurance. Their average annual premium is just $372.

About the Authors

Elizabeth Rivelli

Elizabeth Rivelli Contributing Writer

Elizabeth Rivelli is a Rhode Island-based copywriter and content marketing consultant. She has expertise writing about home, auto and business insurance, and has been published in widely-read publications, including the Simple Dollar, Bankrate and Decision Data. Elizabeth holds a BA in Communications from Northeastern University in Boston.