9 Best Renters Insurance Companies in New Jersey of 2026

If you live in a rental home or apartment in New Jersey, purchasing renters insurance is crucial for your financial protection. If your rental is burglarized and your expensive laptop or valuable jewelry is stolen, you’ll have to bear the cost directly for new replacements. And if you don’t have a lot of cash or savings in the bank to cover damaged or stolen personal belongings, a renters insurance policy can help by paying the costs and preventing you from paying out-of-pocket.

So, renters insurance for Garden State gives you peace of mind that you’ll be protected.

According to PropertyNest research, the average basic renters insurance in New Jersey is $17.36 a month or $208.32 a year.

Renters insurance is an affordable solution that covers damages to your personal belongings, liability claims, and medical expenses for guests injured on your rental property due to an accident. It also provides coverage for living expenses, such as temporary lodging and meals, in case of an unlivable or unsafe rental due to fire damage.

To sum up, having renters insurance can protect against unforeseen circumstances that may arise in your life. Nevertheless, obtaining the ideal policy in New Jersey can be difficult.

You should look for an affordable policy with excellent quality and customer service from a live agent or the policy website.

Additionally, you must determine the coverage you want and how much you will pay. To help you make an informed decision, PropertyNest's expert editors have selected the top renters insurance providers in New Jersey based on coverage and cost.

Best Renters Insurance Companies in New Jersey 

• Lemonade – Best for Resolving Claims Instantly
• Allstate – Best for Bundling
• Liberty Mutual – Best for Young Renters
• NJM Insurance – Best for Policy Add-Ons and Discounts
• State Farm – Best for Those Who Need a Local Insurance Agent
• Nationwide – Best for Customized Coverage at No Extra Cost
• Travelers – Best for Home Improvements
• The Hartford – Best for the Unique Riders
• Farmers Insurance – Best for Personal Property Coverage

Our Top Choice

Lemonade: Best for Resolving a Claims Instantly

Lemonade, a relatively new entrant in the New Jersey renters insurance market, has quickly become a favorite among providers. It’s more for the tech-savvy, as you can only buy a policy on Lemonade’s website and mobile app. It’s also ideal for those who want a policy that is simple to understand and has great clarity from a tech-based company.

But here’s the main reason why we chose Lemonade.

The insurance company states that about 30% of its claims are paid out instantly once you give your claim details in the company’s app. Similar companies usually take a few weeks to resolve a claim. Also, bear in mind that Lemonade favors total coverage for personal belongings.

Rather than giving you an actual cash value, Lemonade offers replacement cost value (RCV) coverage for your belongings, so you are in a good financial position to purchase new replacements even if your items are old, such as a three-year-old laptop.

Lemonade offers a range of plans to accommodate the needs and budgets of its customers. For only $5 per month, you can get started with just the basics; however, if your desired features include more than what's provided in this package, then an additional fee may apply based on how much time/money they would like their account set at different price points (e.g., monthly or annually).

Renters insurance costs vary depending on where you live, your building's condition, and what kind of coverage you need.

Lemonade Renters Insurance Discounts

Lemonade offers a few key discounts to renters in New Jersey.

• Bundling discount: Discount to bundle pet or auto insurance (where available).
• Protective device: Policy buyers may qualify for savings for installing burglar alarms and smoke/fire detectors.
• Full payment: Renters can get a discount if they pay the entire premium for the year upfront.

Read the full Lemonade renters insurance review.

Allstate: Best for Renters With In-Home Employees

Allstate's renters insurance is a comprehensive coverage plan provider in New Jersey that caters to all budgets. They offer various packages, including Basic, Preferred, Plus, and Elite, from which renters can choose based on their needs. These plans guarantee remarkable liability coverage, ensuring protection from potential property damage and legal expenses. The service also includes coverage for fire, theft, vandalism, plumbing issues like water damage, and more.

Notably, Allstate has several discounts and benefits for customers in New Jersey. You can save substantially when you bundle policies, install safety devices like smoke alarms or deadbolts, or through state government discounts. Additionally, existing Allstate policyholders and loyal customers can enjoy loyalty and bundling discounts. Basic Renters insurance policies from Allstate in NJ cost about $16 per month on average, making them affordable and beneficial.

Bundling renters insurance with auto insurance is smart for those who want to save more. Allstate makes it easy to bundle policies, and policyholders can benefit from special bundling discounts. Bundling both policies may qualify customers for additional discounts or benefits like specialized roadside assistance packages or accident forgiveness programs. By bundling your policies with Allstate, you can ensure optimal coverage that doesn't break the bank.

Allstate Renters Insurance Discounts

• Bundling discount: Get up to 10% off your auto policy and 25% off your renters policy when you bundle them.
• Easy Pay discount: Get a discount when you enroll in automatic monthly payments from your bank account.
• Retirement discount: Policyholders age 55 and up can receive a discount if they are retired and don't plan to seek employment.

Read a full Allstate renters insurance review.

Liberty Mutual: Best for Young Renters

Liberty Mutual has been in business for over 100 years and has always offered low-cost insurance for renters, starting at $5 a month.

This makes it ideal for young renters and college students living in off-campus apartments. These people are usually just starting in the workforce or are still in college and don’t have the means to buy renters insurance.

But if they looked at Liberty Mutual, they would see that the insurance company has a policy that caters to the young. The company can offer them the lowest rates for personal property coverage.

In addition, for New Jersey coverage, young people can take advantage of the cheapest renters insurance available. A basic policy can start as low as $5 and go up to $14. Liberty Mutual’s fees are 15% cheaper than its competitors in this class.

Liberty Mutual Renters Insurance Discounts

• Claims-free discount: Be claims-free for five years or more (may not be available in every state).
• Early shopper: Discount for getting a quote from LM before your current policy expires.
• Bundling discount: Save money when you bundle specific policies, such as renters and auto.
• Preferred payment: Discount when you link your bank account for automatic payments.
• Online purchase: Get a discount immediately when you purchase your policy online.

Read a full Liberty Mutual home insurance review.

NJM Insurance: Best for Policy Add-Ons and Discounts

Not only can New Jersey residents find great insurance coverage with larger national companies such as the ones named on this list, but they can greatly benefit from enrolling in New Jersey Manufacturers Insurance Company, an insurer of local origin. When considering renters insurance, it makes sense to go local because, likely, the provider can better understand the needs of residents.

NJM stands out when customizing one's coverage because of all the endorsements of policy add-ons available with their renters insurance.

Most insurers offer policyholders extra coverage, such as scheduling personal property for high-value items or an increased special limit for personal property. A number also offers extra coverage for damage from a water backup incident or earthquake rider. However, NJM goes far beyond this. Renters can add mold or fungus protection, identity theft, credit or currency protection, coverage for loved ones in an assisted living facility, and items in storage units.

NJM is also a good option for people looking for many discounts. Renters may qualify for at least 8 different discounts in New Jersey.

NJM Renters Insurance Discounts

NJM customers can take advantage of several discounts to lower their policy premiums.

• Bundling discount: Bundle your renters with NJM's auto policy and get a discount.
• Safe home discount: Safety devices like smoke detectors or a sprinkler system can help you save.
• Senior discount: Customers 65 and over will automatically qualify for this discount.
• Nonsmoking discount: Nonsmokers and those who recently quit will be rewarded with savings.
• Generator discount: A backup or portable generator can also qualify you for a discount.
• Pay in Full: Automatically get a discount when you pay in full for the year.
• Auto-pay discount: Enrolling in automatic electronic payments will help you find savings.
• Paperless discount: Save when you receive your policy documents online rather than by paper.

State Farm: Best for Those Who Need a Local Insurance Agent

Most renters insurance companies we reviewed can be accessed by their app. You can file and track a claim, pay bills, and more. But, State Farm, one of America’s largest insurance company, among many other things, is perfect for those who want to consult or connect with a local live agent to do their business or solve problems.

Most of these people are older or retired and not computer or smartphone-savvy.

These people want connection rather than technology; they want to talk to a live person who can comfort them, for example, in case of a loss.

Besides the standard coverage, one of the many features that stand out is the replacement cost coverage that all members receive. A standard policy covers the actual cash value of lost or damaged property. State Farm, in contrast, covers the current market value of the lost or destroyed property even if your property depreciates.

However, if you only want the actual cash value coverage, State Farm allows customers to skip the replacement cost coverage for a credit on their account.

For renters, State Farm only offers two discounts.

Multiple policy discounts when you bundle renters insurance with auto insurance.

If you have smart home protection, smoke detectors, alarms, deadbolt locks, and any measure that makes your rental safer, you are qualified for a home protection device discount.

State Farm Renters Insurance Discounts

• Bundling discount: Bundling renters with another policy like auto
• Protective device: You may qualify for a discount with the following devices: burglar alarm, home monitoring system, smoke/fire alarm

Read a full State Farm renters insurance review.

Nationwide: Best for Customized Coverage at No Extra Cost

Nationwide’s rental insurance for New Jersey residents offers the standard coverage, which includes personal property, liability, and medical payment coverage.

What makes Nationwide stand out is two coverages unique to the company and are offered for no extra cost if you buy a basic renters insurance policy.

The credit card add-on means you are covered for any unauthorized charges on your credit or debit cards up to your policy limit.

The building addition or alteration policy kicks in if your landlord allows you to make home improvements to your rental, all of which are covered.

Nationwide Renters Insurance Discounts

• Multi-policy discount: Save on your renters policy and another one when you bundle with policies for auto, boat, RV, etc.
• Protective device discount: Qualifying fire alarms, burglar alarms, or smoke detectors can earn you a discount.
• Claims-free discount: Be claims-free from a designated period, and you can save.

For more details, read a full Nationwide Renters Insurance Review.

Travelers: Best for Home Improvements

Travelers is a well-known company in the insurance sphere. Their rates for renters insurance are a little higher than the national average. Still, Travelers is a great option for renters in New Jersey who have made improvements or renovated their rental.

If you've improved your rented home, Travelers includes this unique coverage and their standard renters policy, so you don't have to pay extra for this feature. You can apply up to 10% of your personal property policy for improvement coverage. Extending this coverage beyond is also available.

Reviewing what's covered under improvements is important before starting any repairs or alteration projects.
In addition, Travelers offers extra coverage as a rider for high-value items and an option for replacement cost coverage over actual cost value.

Travelers Renters Insurance Discounts

• Multi-Policy: Bundling renters insurance with auto gets you a 5% discount on your rate.
• Claims-Free: If you don’t file a claim for a specific period.
• Protective Devices: Installing security systems or smart or connected home technology that can alert you to a fire or break-in.

Read a full Travelers Renters Insurance Review for more information.

The Hartford: Best for the Most Unique Riders

A rider is an insurance policy that covers those insured with additional coverage and benefits.

The Hartford made our cut because the company offers unique riders. Here are some that other insurance companies do not offer. Equipment protection covers not only electronics that break down but also small appliances like microwaves that aren't built into the unit.

What’s unique is that if you buy electronics and appliances that are more environmentally friendly or energy-efficient, the insurance pays for the upgrade. The valuable items rider will pay up to $10,000 for stolen, lost, or damaged property per item to replace it.

Business properties in your home, such as office equipment and your laptop, are protected. Most renters insurance companies don’t cover mold, but at least with The Hartford, you can take out a rider for coverage against mold damage and liability.

With assisted living care coverage, a person who has a relative who resides in an assisted living care home will be covered. The relative’s personal property, liability, and additional living expenses are covered.

A policy covers liability and even includes broken windows if you're responsible for property damage. For example, if your six-year-old throws a baseball at your neighbor’s window and it gets shattered, you’re covered.

You can even get coverage to protect yourself and your roommate. Both persons must be unrelated and have an equal interest in the rider. This is unique in that this coverage comes with no additional charge.

Hartford offers this policy in cooperation with the AARP Homeowners Insurance Program, but you don't have to be age 50 or above to purchase this coverage.

The Hartford Renters Insurance Discounts

• Auto Renters Bundling: Get up to 20% off your renters insurance and an additional 5% off your auto policy when you bundle them together through the AARP Auto & Renters Insurance Program.
• 24-Hour Security Discount: Get credit if your apartment or rental has 24-hour security or a monitoring system.
• Renewal Discount: Get credit when you renew your renters insurance policy with Hartford.

Farmers Insurance: Best for Personal Property Coverage

Farmers Insurance puts its personal property coverage first.

Farmers will not only cover theft from your rental, as other insurance companies do, but will also pay you if you are subjected to theft from your car, rental vehicle, or hotel room while traveling.

The company features floater insurance, a policy that covers personal property that is easily movable and comes with more coverage than other similar renters insurance companies.

Also known as a “personal property floater,” Farmers cover highly valued belongings, such as jewelry, furs, expensive electronics like computers and stereo equipment, musical instruments, and art.

The personal articles must be valued above $500.

In addition, you can get an add-on called Identity Shield. If your identity is stolen, Farmers will help you notify all three credit bureaus of identity theft and replace any important documents, to name a few.

Also, the Farmers mobile app, available for iOS and Android platforms, is intuitive and easy to navigate. You can access bills and payments, policy documents, claims filing and management, and direct contact with a Farmer's agent.

Farmers Renters Insurance Discounts

• Bundling discount: Discount for bundling renters with auto insurance.
• Protective device: Discount for smoke/fire alarms, home monitoring systems, or burglar alarms.
• Smoke-free discount: Discount for having a smoke-free home for the last two years.
• Good Payer discount: Discount for paying your premiums and bills on time every month for the past two years.
• Profession discount: In some states, Farmers offers discounts for professionals such as teachers, firefighters, police, engineers, doctors, and dentists.
• Claims-free discount: Be claims-free for three years.

Read a full Farmers renters insurance review.

Is Renters Insurance Mandatory to Rent an Apartment in New Jersey

In New Jersey, renters insurance is not legally required to rent an apartment. Renters insurance is often recommended and required by some landlords in their leases due to the numerous advantages it provides.

What is the Average Cost of Renters Insurance in New Jersey?

The average renters insurance cost varies from state to state.

The average cost of basic or standard renters insurance in New Jersey is$17.36 per month or $208.32 per year.

But note that the average cost will raise the cost of your policy due to your rental location, for example, if you live in a city in New Jersey with a high crime rate or in a natural disaster zone.

Read on: Cheapest Renters Insurance in New Jersey

Is it Possible to Lower Your Renters Insurance Rate?

If you want to lower the cost of your policy, you can do several things:

1. You can increase your deductible. Your deductible is the amount deducted from your payout for a property loss. For example, if you have a $1,000 deductible and a claim for $5,000 in property damage, your insurance check will be $4,000. The higher your deductible, the cheaper your premium.
2. If the company you choose offers car insurance, most will offer a discount if you bundle your renters policy with your auto coverage. For example, a 5% bunding discount on a $3,000 auto policy would cost you $150. This figure can nearly pay for your renters insurance premium.
3. Your policy will also give you a discount if your rental has a security system, such as smoke detectors, burglar alarms, safety devices, or deadbolts.

Remember that your rate will increase whenever you file a claim for your items.

So, filing a claim only if the item is worth more than your deductible makes sense.

What Does New Jersey Renters Insurance Cover?

In the Garden State, Renters Insurance covers four areas. Of note is that these four areas usually make up renters insurance no matter where you live in the U.S. the riders and add-ons make each renters insurance different.

Here’s a full list of covered losses found in most New Jersey renters insurance policies:

• Fire and lightning
• Windstorm and hail
• Theft and vandalism
• Explosions
• Riots
• Damage by vehicle
• Smoke damage
• Falling objects
• Weight of snow, ice, and sleet
• Water damage not caused by flooding

Liability

Liability protects you against lawsuits from people who have bodily injuries or property damages that you or your family caused to them.

Liability also covers your legal defense. Most basic policies offer at least $100,000 in liability coverage, which can protect against legal claims due to injury or damage to others arising from your rental.

For example, if your dog bites your neighbor, this policy will pay for any medical bills incurred.

Personal Property

This policy protects your personal property if there’s a covered peril.

Covered losses typically include events such as fire and lightning, windstorms and hail, theft and vandalism, explosions, and smoke damage.

And if there are climate changes like lightning and windstorms and your property is damaged, that’s also covered.

Also, if a fire, smoke damage, an explosion, and other events may be listed in your insurance, you’re covered again.

Loss of Use

Suppose a fire or another covered event damages your rental, so you can no longer live there safely. In that case, loss of use will reimburse you for any meals that you have at restaurants, as well as any basic or necessary living expenses that you have to pay out of pocket.

This means expenses from the smallest detail to the largest, from toothbrush and toothpaste to living expenses like a hotel or motel room.

Medical Payments

This policy pays for medical bills if a person's bodily injury happens on your rental property, regardless of fault.

Remember that your insurance will cover all the events listed above as long as they don’t exceed the coverage you bought.

Unfortunately, if any damage exceeds the amount of your coverage, you will be responsible for paying the costs that aren’t covered.

Covered losses include damage from fire, smoke, theft, vandalism, lightning, windstorms, explosions, and water from internal sources like plumbing leaks, a furnace, an air conditioner, and a water heater.

What are Endorsements?

Endorsements, also known as add-ons, allow policyholders to increase coverage levels for particular personal properties or risks not covered in standard policies.

It's essential for renters with high-value items.For example, standard renters insurance rarely covers damage from perils like earthquakes and floods. So you should get an endorsement for each if you want the added protection.

For some insurance companies, an endorsement may not be available for your needed coverage.

If so, you may purchase a separate insurance policy to ensure additional coverage.

What Does Renters Insurance Typically Exclude?

A high-value property may only be covered up to $1,000 or $1,500. You may need to buy a separate rider if it's worth more.

Some renters insurance has extra pet liability for an additional cost, but check this thoroughly since certain dog breeds are not included in your policy.

That’s because these breeds are considered dangerous or aggressive to renters insurance companies.

Certain natural disasters, such as earthquakes or floods, are usually not covered, even if they damage your property. This means you’ll have to shell out for repairs on your own.

Also not covered are vehicles, but remember that your bike is covered.

But if you leave your expensive Chanel clutch in your car and it is stolen, that’s covered.

Keep in mind that your car is not covered if there’s damage.

Accidentally losing or misplacing items that are small in price (your iPhone) or high in cost (your pricey engagement ring) is also not covered.

Renters insurance won’t cover infestations, such as bedbugs or mice.

And unless you share renters insurance with your roommate, your roommate’s property isn’t covered.

In most cases, renters insurance companies advise that you shouldn’t share a policy because you may have more property to cover than your roommate or vice versa.

So it’s a good idea if you and your roommate get your own renters insurance.

How Much Coverage of Renters Insurance Do You Need?

When you buy renters insurance, you’ll need to figure out how much coverage you need.

Renters insurance is like any insurance policy, as the cost of your insurance depends on how much coverage you purchase.

Basic coverage plans typically start with $20,000 in personal property coverage.

Liability coverage starts with $100,000, which can pay damages and legal expenses if you are sued because you accidentally injured or hurt another person or damaged that person’s property.

It’s recommended by various sources that you should have enough coverage for your personal effects in the event they are damaged or destroyed.

The coverage should protect the total value of your personal belongings, from clothes to furniture and electronics to appliances.

It’s important to know that one of the reasons why renters insurance is cheap is because the basic policy has very low coverage limits for valuable items.

Valuable items include jewelry, art, and collectibles such as old maps, stamps, and first-edition books.

So, you must purchase an endorsement for full coverage, increasing your monthly rate.

When Coverage is Not Enough Coverage

As suggested above, your personal property limit will not cover many possessions.

If you own priceless or exorbitantly expensive things like that Longo print, don’t expect that your insurance will cover the full cost of that artwork.

That’s because renters insurance companies cap how much they’ll pay you for valuable properties like jewelry.

To ensure your jewelry is insured to its full value, you must acquire more coverage.

Your other choice is buying a rider, a provision in your policy that adds more benefits to your basic renters insurance.

For both, your rate will go up. However, riders are usually low in price because they don’t involve much underwriting.

How Much Renters Insurance Should You Buy?

Like any insurance policy, the cost of your renters insurance depends on how many personal properties you have and how much coverage you need.

The more you have to lose, the more insurance you need.

Many consumers want to save money on their premiums, but this can backfire when an event is not covered, leaving the consumers underinsured.

To determine how much renters coverage to buy, note all your properties, list them on a spreadsheet or similar documentation, and include the cost for each item.

Use a roundabout figure if you can’t remember how much you paid for an item or lost the receipt.

Your inventory won’t be needed when you purchase insurance, but the documentation can cover you if you need to file a claim because then you can prove the value of everything you own.

Keeping your documentation safe is easy. Email it to you as an attachment, or give a copy to a relative or friend.

As discussed above, be prepared to pay for a supplemental policy or an add-on with higher coverage limits if you have expensive jewelry artwork or other high-value items.

In addition, you'll have to decide what type of property coverage to buy: an actual cash value policy or a replacement policy.

What is the Difference Between an Actual Cash Value and a Replacement Cost Value?

Knowing the difference is important when purchasing renters insurance because your provider will ask you to decide between both.

Replacement Cost Value (RCV) is when your laptop gets stolen and is four years old, and your insurance will pay to purchase a brand-new laptop today.

The cost to replace your item means what it would cost to replace your damaged or stolen item today.

In contrast, the Actual Cash Value (ACV) policy will only reimburse you for the depreciated value of your possessions if they're damaged or destroyed. You won't get nearly enough to replace certain items, such as laptops or tablets, with new ones.

But if you’re willing to go a bit higher in your monthly insurance cost, a replacement cost value policy will provide enough money to purchase new and comparable items.

The RCV typically costs much more than an ACV policy, but it pays to replace your possessions with similar new ones.

The RCV is the one that most renters insurance buyers choose. It’s the most popular option as it covers property entirely.

How to Purchase Renters Insurance

Like other insurance policies, it pays to make comparisons.

To narrow down your focus, ask around. If your family, relatives, and friends rent and have renters insurance, ask them what they like about their policies.

• Ask them if they are comfortable with their monthly fee.
• If you know real estate agents, reach out to them because they are probably the very few who know everything about renters insurance.
• Look at a company’s ratings and how many stars it has.
• Use the BBB (Better Business Bureau) and J.D. Power’s ratings to narrow your search.
• You can also find insurance ratings from AM Best, which rates companies by their ability to pay once you make a claim.
• Search each insurance company to find customer reviews. That should also narrow down your search if there are several verified complaints or if the reviews contain less than four stars.
• Shop around online. You can get insurance quotes online at a company’s website that can help with comparison shopping.

You’ll want the coverage you need to get an accurate quote.

This works by calculating the value of your possessions, the weather risks in your area, and how safe your neighborhood is, to name a few.

Remember that you should enter the same limits for each type of coverage when shopping around to get a direct comparison.

Then, look at each company’s optional coverages, which you must pay extra to add to your policy.

Whether that’s a rider or an endorsement, get an appraisal of your valuable necklace to see if you need more coverage that will cover the entire value of that piece of jewelry.

Note that each insurance company will differ in cost if you want extra coverage, so that’s another reason why you should shop around.

After shopping around, save those quotes and compare them. Which company offers the most coverage at an affordable price?

Do this, and you’ll arrive at a policy you want to purchase.

Don’t Forget to Check Out an Insurance Company’s Customer Service

Try to gauge how good a company’s customer service is.

For example, see if they quickly call you back after filing online for a quote.

Or see if they take the time to go over every add-on available with patience and some hand-holding, whatever it takes for you to have a crystal-clear background on a company’s policy or policies.

If they fulfill your needs, you’ll know how much hassle you’ll have if you ever have to file a claim.

And finally, don’t just shop for the lowest rate. You should always consider the quality of coverage and the insurance company’s agents or customer service reps.

To consider the quality of the policy, you should check out an insurance company’s website and use it to get an insurance quote.

You’ll want to know if it’s simple to find a telephone number to communicate with a customer service rep if you need to.

Also, is the website simple to file and track claims or pay your monthly dues?

That company is not for you if getting a refund to cover your damages is arduous.

Why Do You Need Renters Insurance If the Landlord Is Insured?

Even though landlord insurance covers the structure, it does not protect your personal belongings or liability. Renters insurance provides essential coverage to safeguard your possessions and cover potential liabilities.

A landlord’s insurance covers the apartment building but not your possessions.

It would be best to have renters insurance to cover your personal belongings and liability coverage.

If you want to ensure that your possessions are covered while renting, purchasing renters insurance is a good idea, especially if you have high-cost valuables.

And besides, if you accidentally damage a neighboring apartment, you are liable for the damages.

For example, if your bathtub leaks and causes damage to your neighbor’s ceiling and possessions beneath you, you will have to cover that out of pocket if you don’t purchase renters insurance.

This can be very expensive, and your neighbor can even sue you.

Suppose you forego renters insurance and there’s a break-in in your rental apartment or a storm that causes property damage. In that case, you alone may be responsible for much money in repair, replacement, and liability costs to cover your losses.

Your landlord's insurance policy doesn’t cover the space you rent or your effects. The landlord’s insurance protects the building and only the landlord’s personal belongings.

And if that landlord’s building is undergoing repair, the landlord’s insurance won’t pay for your living expenses. Only a renters insurance policy will do that.

Our Methodology

How We Ranked the Best Renters Insurance Companies in New Jersey

We gathered information from multiple trusted sites in renters insurance and the websites of insurance companies. We narrowed our search down to the needs of New Jersey residents. Please read our full, in-depth renters insurance methodology.

Online Experience & Usability

If you decide to buy renters insurance, you will be hit with a lot of information. You’ll need to know the difference between an RCV and an ACV and between an add-on, a rider, or an endorsement, for example.

Since renters insurance is complex, we looked at customer reviews on various sites that considered a company’s website and mobile applications based on how easy it is to navigate and how easy it is to file a claim in the fastest manner possible.

Customer Satisfaction

When looking for reviews for policy coverage, we also considered customer satisfaction. Is a company’s overall rating based on favorable reviews? Did the company receive an award for excellent service?

If so, we moved those companies to the top of our list.

Affordability

We chose renters insurance that was affordable for every kind of renter.

Whether you have costly items you’d like to protect or basic coverage, you will find an insurer on this list that will fit your needs.

We also considered how many discounts an insurer can offer to policyholders that can reduce their monthly costs.

For example, we researched companies that offer discounts for bundling renters insurance with auto insurance and for upping the security of your rental.

Location

We've researched renters insurance quotes in major New Jersey counties and key cities - Bergen, Middlesex, Essex, Hudson, and Monmouth. We compared the renters insurance quotes and averages in Newark, Jersey City, Paterson, Elizabeth & Lakewood to understand how much coverage would cost for your needs.