The top homeowners insurance providers in New Jersey for July 2024.
In the U.S., some of the lowest average rates for homeowners insurance can be found in New Jersey.
For Garden State homeowners, CNBC Select recommends top-notch and affordable homeowners insurance options from companies such as Selective, NJM, State Farm, and USAA.
Discover the top New Jersey homeowners insurance providers based on rates, coverage, customer service, and more. Our comprehensive analysis will guide you to the best and most affordable options.
Compare homeowners insurance companies
Best for affordability
For those seeking customization and ease of working with an individual insurance agent, Selective provides affordable rates on New Jersey homeowners insurance.
The National Flood Insurance Program (NFIP) offers selective flood insurance coverage, making it easy to obtain and manage coverage alongside your homeowners insurance.
Best for customer satisfaction
NJM homeowners insurance is not widely available in many states, but it is available in New Jersey. Notably, it has a low complaint index from the National Association of Insurance Commissioners (NAIC), indicating that its homeowners insurance policies receive few formal complaints filed with the association when adjusted for the company's size.
NJM provides numerous endorsements that can enhance a homeowners policy to meet specific requirements. These add-ons can encompass protection against fungi and bacteria growth, as well as earthquake coverage, which are not typically included in a standard homeowners insurance policy.
Best for a bundling discount
State Farm is a top insurance company in the U.S., with a wide range of policies available in New Jersey. Its large selection of insurance products makes it an excellent choice for bundling your coverage.
Bundling home and auto insurance policies with Standout benefits, State Farm offers discounts and is a top pick in the auto insurance industry.
Best for military members and their families
USAA offers homeowners insurance with excellent customer service and competitive prices to military members in New Jersey and across the U.S.
USAA offers replacement cost coverage as a standard feature, which is an added cost with most other insurers. Additionally, getting a homeowners insurance policy from USAA can provide automatic coverage for military equipment and uniforms for active-duty members.
More on our top New Jersey homeowners insurance companies
Selective
Since 1926, Selective has been providing affordable homeowners insurance policies in New Jersey, making it one of the top options for homeowners in the state.
Average annual cost in New Jersey
$476
Homeowners insurance NAIC complaint index (average is 1)
0.71, below average
A.M. Best rating
A+
J.D. Power customer satisfaction rating
Not rated
NJM
NJM, also known as New Jersey Manufacturers Insurance Company, offers affordable home insurance in New Jersey and a few other states, with a low NAIC complaint score.
Average annual cost in New Jersey
$721
Homeowners insurance NAIC complaint index (average is 1)
0.04, very low
A.M. Best rating
A+
J.D. Power customer satisfaction rating
Not rated
State Farm
State Farm, one of the largest property insurers in the U.S., is highly rated for financial strength and has few complaints with the NAIC.
Average annual cost in New Jersey
$1,281
Homeowners insurance NAIC complaint index (average is 1)
0.14, below average
A.M. Best rating
A++
J.D. Power customer satisfaction rating
829 out of 1,000, above average
USAA
USAA provides homeowners insurance with excellent customer satisfaction and minimal complaints, but it is only accessible to veterans, military members, and their families.
Average annual cost in New Jersey
$963
Homeowners insurance NAIC complaint index (average is 1)
0.55, below average
A.M. Best rating
A++
J.D. Power customer satisfaction rating
881 out of 1,000, above average
Why trust CNBC Select?
At CNBC Select, our goal is to deliver top-notch service journalism and in-depth consumer advice to our readers, enabling them to make well-informed decisions with their money. Our insurance reviews are based on thorough reporting by our team of expert writers and editors who possess extensive knowledge of insurance products. In order to identify the best homeowners insurance companies in California, we gathered over 100 data points on more than a dozen insurance companies. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we uphold our journalistic standards and ethics. For more information on how we select the best homeowners insurance companies in New Jersey, please refer to our methodology.
Our methodology
In order to identify the top homeowners insurance providers in New Jersey, CNBC Select conducted a thorough analysis of various insurance companies that provide coverage in the state.
We evaluated the top homeowners insurance companies based on cost, coverage, ease of use, customer satisfaction ratings from J.D. Power, financial strength ratings from A.M. Best, and complaint indexes from the National Association of Insurance Commissioners.
We took into account CNBC Select audience data, including demographics and engagement with our content and tools, when possible.
The premiums and policy structures offered by car insurance companies may change based on their policies.
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