11 Best Homeowners Insurance Companies in New Jersey 2022

We all know now, more than ever, that life is unpredictable.

Prepare for the unknown by covering your home with homeowners insurance.

Homeowners insurance is necessary to keep you and your home protected in the case of an unforeseen emergency.

Most homeowners insurance policies provide coverage after damage from fire, theft, smoke, etc.

However, each company may differ slightly from each other, especially if moving from a different state such as New York.

When choosing an insurance company, it can be as simple as just finding the right fit.

Make a list of things you are looking for and any possible deal-breakers.

Researching the company and looking at the reviews will give you a good idea of common pros and cons to expect.

Compare the coverage and cost of the best homeowners insurance providers in New Jersey picked by PropertyNest expert editors:

Liberty Mutual: Best Home Insurance for Discounts

Liberty Mutual Homeowners Insurance ensures that your house is always protected against any eventuality. Liberty Mutual has covered everything from break-ins or natural disasters to even when you need emergency home repairs.

Their 24/7 service will have a specialist at the scene in no time so you can get back to living in peace and safety in your own home.

Liberty Mutual offers competitive rates and discounts for homeowners insurance.

As one of the nation’s largest homeowners insurance providers, Liberty provides options like Preferred risk, designed to help lower your premium by ensuring you won't need to make a claim before coverage starts.

And with UPromise Rewards®, you can save up to $800 off agent or retailer fees on home purchases or expansions that total over $5,000.

Liberty Mutual will offer you an exclusive discount if you’ve been a member of a participating association or group for at least six months.

Read a full Liberty Mutual home insurance review.

Lemonade: Best Modern Insurance Company

Lemonade has very affordable policies starting at $25 a month for basic coverage.

The reason why the coverage is so cheap is that they use artificial intelligence (AI).

Instead of using insurance agents, clients on Lemonade can set up their accounts, file claims, and make changes to policies on the Lemonade mobile app.

One significant pro of Lemonade is their giveback program. The company takes 20% to cover expenses and another percentage to buy reinsurance coverage.

If there is any money left over, Lemonade donates it to charity.

Read the full Lemonade home insurance review.

Allstate: Best Home Insurance For Local Agents and Discounts

Allstate is easily one of the most recognizable names in the insurance game, with major TV ads playing nationally for years.

However, you shouldn't dismiss Allstate as just another insurance giant that will treat you like a number.

Across the board, Allstate scores high for coverage, convenience, and discounts, but the true prize is that Allstate has an incredible network of agents that understand the nuances of their areas and coverage and service that their customers require.

As a matter of fact, Allstate receives rave reviews from customers, particularly on their local agents, and also is highly rated by J.D. Power and Associates.

Like most large national insurance companies, Allstate has some advantages that they can pass on to their customers but may be more limited in other ways.

Read a full Allstate homeowners insurance review.

Amica: Best Overall Homeowners Insurance

Amica insurance company has been providing reliable homeowners insurance services since 1907.

Favorites features include optional dwelling replacement, autopay discount, claims-free discount, electronic billing discount, and more.

Customers favor Amica for its high-quality support.

A dedicated Amica representative will answer your concerns via email, call, or online. Amica does not use agents to sell insurance, so you will be receiving factual information, not fluff.

Amica is highly rated by top agencies and organizations, including the Better Business Bureau, J.D. Power, and the 100-year-old U.S. credit rating agency, A.M. Best.

Getting homeowners insurance may be an added cost, however, it provides a safety net in case the unforeseen happens.

Amica does not have a reward program for loyal customers, yet their friendly customer service keeps clients coming back.

Travelers: Best Home Insurance Company with the Most Experience

With over 160 years of experience in the insurance industry, Travelers has the most experience in comparison to competing companies.

Travelers home insurance policy provides plenty of insurance options and has experience in dealing with a wide range of situations.

New Jersey Manufacturers Insurance: Best for Bundling Policies

New Jersey Manufacturers Insurance, or NJM, was not always widely available except to members of certain groups.

In 2018, NJM got rid of those limits and now provides auto, renters, homeowners, and umbrella insurance to those living in New Jersey, Connecticut, and Pennsylvania.

NJM does not use agents to sell their policies and instead sells policies directly to customers via phone and online.

NJM is incorporated as a stock company, meaning that they pay dividends and premium credits to New Jersey policyholders.

It is important to note that payments are not guaranteed.

Cumberland Mutual: Best for Fast Claims Support

Providing customers with insurance since 1844, Cumberland Mutual is the oldest casualty and mutual property business in New Jersey.

Cumberland provides renters, auto, homeowners, and umbrella insurance.

Customers can expect personal service with the ability to file a claim online or reach out to the emergency after-hours claims hotline.

If you like to deal with people personally rather than online, then you will be happy to know that Cumberland Mutual deals with their customers by building relationships. However, Cumberland Mutual does provide some online services.

Selective Insurance: Best for Low-Cost Homeowners Insurance

Selective Insurance is for homeowners looking for a low-cost insurance plan.

Low cost does not mean low quality, as Selective provides their customers with plenty of options and discounts.

Daniel L.B. Smith came up with the idea of creating an insurance company after a horse and buggy accident.

In 1926, the Selective Insurance Company was born, providing personal, business and flood insurance.

While their headquarters are in Branchville, New Jersey, Selective is available nationwide.

Selective Insurance is one of the largest flood insurance providers in the United States.

However, you can also receive business and personal protection as well.

USAA Home Insurance: Best for Veterans

USAA respects America’s veterans and makes it their number one goal to protect them and their family.

USAA also recognizes that the needs of a veteran may differ slightly from the needs of others, and USAA prioritizes those differences.

Selective Insurance is one of the largest flood insurance providers in the United States.

However, you can also receive business and personal protection as well.

USAA will work with you to customize your coverage at a reasonable rate.

Coverage includes most weather-related circumstances, liability, theft, and more.

USAA does not provide as many discounts as its competitors, but their base coverage plan includes policies that usually cost additional at other companies.

While USAA is available nationwide, USAA is only accessible to veterans, those in the military, and their families.

Franklin Mutual: Best for New Homeowners

Franklin Mutual creates custom policies with their customers to cater to their needs for fast and easy protection.

Franklin Mutual is great for new homeowners who prefer a clear and convenient breakdown from their agent rather than fancy jargon.

Franklin Mutual provides homeowners insurance with a choice to purchase an extended limit endorsement at an additional cost.

If it costs more than your coverage to repair or rebuild your home, you may be eligible for Franklin Mutual to pay up to 150% of your limit.

How We Ranked & Picked the Best Homeowners Insurance Companies in New Jersey

Choosing home insurance companies that provide different types of perks is important.

We were particular in including a homeowners insurance policy specific for veterans to raise awareness of the different types of benefits available.

Available Discounts

Discounts are important for both the customer and the company as they have the potential to attract more clients. Businesses providing several different discounts made an impression with us.

Extra points were given if a company’s standard policy included benefits that usually cost an additional amount with other businesses. Bundling discounts were also a big plus for us as it is a smart incentive to get the customer to purchase other policies.

Customer Service

If you are dealing with a burglary or fire, chances are you are going to be upset. You need a company that offers round-the-clock service for emergencies. Companies having 24/7 service rank high in this category.

Besides being available to customers, it is also important that the customer service is friendly. The caller is going to be upset and irrational and needs a calm, level-headed person on the other end. Friendliness was a high priority here.

Unique Features

Homeowners insurance should include all of the basic protection such as personal liability, personal property, medical payments, etc. However, the additional perks and features can make a company stand out.

Those who offered uncommon policies stood out, regardless of the features were add-ons or part of their standard policy.

Location

We've done our research and discovered that the best place to buy home insurance in New Jersey is Newark, NJ.

We researched rates for counties all over the state as well as cities such as Bergen County, Middlesex County, Essex Country, Hudson City (NJ), Monmouth County Ocean City.

As you can see from these graphs on average prices of homeowner's policies across major population centers it was found that Newark had lower than typical prices when compared with other large cities like Paterson or Lakewood; this trend also held true even if we narrowed down the search by county!

This really shows how competitive a residential property market should be where there are many affordable options available among top-rated insurers.

What is Typically Covered with Homeowners Insurance in NJ?

Besides protecting against fallen trees, vandalism, etc., homeowners insurance can also cover you against certain types of weather, including fire, lightning, wind, or hail.

If you are unable to live in your home due to covered damages, your homeowners insurance may also pay for food and alternative lodging.

There are usually six different types of home insurance policies to cover you in New Jersey.

Learn more about homeowners insurance fire coverage.

Which Additional Policies Should You Consider Purchasing?

While New Jersey is not extremely susceptible to hurricanes, Hurricane Sandy changed a lot of minds of most homeowners.

There is a reportedly 11% chance that a hurricane with winds over 74 mph will come within 50 miles of NJ.

The long-term average of this chance drops to 7% but still makes it possible that you may encounter a hurricane.

Most standard homeowners policies do not include flooding coverage.

If you live near the coast or have a basement prone to flooding, then you should look into food insurance to protect your assets.

If your home insurance company does not offer flood protection, you can still cover yourself.

The National Flood Insurance Program makes it possible to get the coverage you need without having to look for a new insurance company.