11 Best Homeowners Insurance Companies in New Jersey 2023

Securing your home with homeowners insurance is vital for protecting against unforeseen emergencies. These policies typically offer coverage for damages resulting from events such as fire, theft, and smoke. However, when choosing a homeowners insurance provider in New Jersey, finding the right fit for your unique needs is essential.
Begin by creating a list of your desired coverage elements and any potential deal-breakers. Conduct thorough research on each prospective company, paying close attention to customer reviews to gauge the common advantages and drawbacks of each provider. By comparing coverage and costs among the top homeowners insurance providers in New Jersey—carefully selected by PropertyNest's expert editors—you can confidently make an informed decision and safeguard your home against life's uncertainties.
The Best Homeowners Insurance Companies in New Jersey
- Liberty Mutual: Best Home Insurance for Savings
- Lemonade: Best Modern Insurance Company
- Allstate: Best Home Insurance for Local Agents and Discounts
- Amica: Best Overall Homeowners Insurance
- Travelers: Most Experienced Homeowners Insurance Company
- NJM: Best Insurance for Most Endorsements
- Cumberland Mutual: Best Insurance for Fast Claims Processing
- Selective Insurance: Best Low-Cost Home Insurance
- USAA Home Insurance: Best Homeowners Insurance for Veterans
- Franklin Mutual: Best Home Insurance for New Homeowners
Compare Home Insurance Rates in NJ
Liberty Mutual: Best Home Insurance for Savings

Liberty Mutual Homeowners Insurance ensures that your house is protected against certain incidentals. Liberty Mutual has covered everything from break-ins or natural disasters to even when you need emergency home repairs. They offer a 24/7 service that dispatches a specialist to the scene 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.
J.D. Power (out of 1,000) | 805 |
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A.M. Best - Financial Strength Rating | A |
BBB | A+ |
NAIC Complaint Index | 2.37 |
Lemonade: Best Modern Insurance Company

Lemonade has very affordable policies starting at $25 a month for basic coverage. One of the reasons their rates are generally low is that they use artificial intelligence (AI).
AI does the work of pulling data from public property records and calculating the risk of a particular property and its area to come up with a quote. And instead of using insurance agents, customers on Lemonade can set up their accounts, file claims, and change their 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.
J.D. Power (out of 1,000) | 870 |
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BBB | B+ |
NAIC Complaint Index | 1.94 |
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. Still, the true prize is that Allstate has an incredible network of agents that understand the nuances of their areas and the 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, such as offering them many different discounts they may qualify for and helping them save extra money on their premiums.
Read a full Allstate homeowners insurance review.
J.D. Power (out of 1,000) | 815 |
---|---|
A.M. Best - Financial Strength Rating | A+ |
NAIC Complaint Index | 2.05 |
BBB | A- |
Amica: Best Overall Homeowners Insurance


- Available in 48 states & Washington, D.C.
- Quote access: Online & by phone
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.
Top agencies and organizations, including the Better Business Bureau, J.D. Power, and the U.S. credit rating agency, A.M. Best highly rate Amica.
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.
J.D. Power (out of 1,000) | 849 |
---|---|
A.M. Best - Financial Strength Rating | A+ |
BBB | A+ |
NAIC Complaint Index | 0.32 |
Travelers: Best Home Insurance Company with the Most Experience

Travelers is one of the oldest and most established insurance companies in the United States, with a history that dates back to 1864. Over the years, the company has gained extensive experience in providing customers with home insurance coverage.
Travelers' home insurance policies are designed to protect homeowners from a wide range of risks, including damage to the home and personal property caused by covered perils such as fire, theft, and certain types of natural disasters. The policy also provides liability coverage, which can help protect homeowners from legal claims related to property damage or injury that occurs on their property.
Travelers is known for its comprehensive coverage options and flexible policy customization, allowing customers to tailor their coverage to their specific needs. With a strong financial foundation and a commitment to exceptional customer service, Travelers has earned a reputation as a reliable and trustworthy provider of home insurance coverage.
J.D. Power (out of 1,000) | 794 |
---|---|
A.M. Best - Financial Strength Rating | A++ |
BBB | A |
NAIC Complaint Index | 3.88 |
New Jersey Manufacturers Insurance: Best for Most Endorsements


Previously, New Jersey Manufacturers Insurance (NJM) was only available to members of certain groups. However, in 2018, NJM expanded its services to provide auto, renters, homeowners, and umbrella insurance to individuals living in New Jersey, Connecticut, and Pennsylvania without any membership restrictions.
Unlike traditional insurance companies that use agents to sell their policies, NJM sells policies directly to customers through phone and online channels. As a stock company, NJM pays dividends and premium credits to policyholders in New Jersey. It's important to note that while these payments are not guaranteed, NJM has a strong financial foundation and has a history of paying out dividends and premium credits to its policyholders.
Additionally, NJM offers more endorsements than most competitors, that provide extra coverage for homeowners in New Jersey, such as water backup and sump pump failure, equipment breakdown, and identity theft. These endorsements give customers the flexibility to customize their coverage and ensure they have the protection they need.
A.M. Best Financial Strength | A+ |
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BBB | C |
NAIC Complaint Index | 0.05 |
Cumberland Mutual: Best for Fast Claims Support


Cumberland Mutual, the oldest casualty and mutual property business in New Jersey, has been providing insurance to customers since 1844. They offer a range of insurance options, including renters, auto, homeowners, and umbrella insurance. Cumberland Mutual is known for its fast claims support, which customers can access through their online claim-filing system or their emergency after-hours claims hotline.
If you prefer to deal with people face-to-face, Cumberland Mutual prioritizes building relationships with its customers. However, they also provide convenient online services for those who prefer to manage their insurance digitally.
A.M. Best - Financial Strength Rating | A- |
---|---|
BBB | A- |
NAIC | 0.19 |
Selective Insurance: Best for Low-Cost Homeowners Insurance

Founded in 1926 by Daniel L.B. Smith following a horse and buggy accident, Selective Insurance provides personal, business, and flood insurance. With headquarters located in Branchville, New Jersey, the company has a nationwide presence. In fact, Selective Insurance is one of the largest providers of flood insurance in the United States. In addition to flood coverage, customers can also receive personal and business protection from Selective Insurance.
Selective Insurance is a leading provider of insurance services and expertise for homeowners across the United States. The company offers a range of options and discounts, including different tiers of homeowners insurance, to ensure that customers can find coverage that meets their needs and budget.
A.M. Best - Financial Strength Rating | A+ |
---|---|
BBB | A |
NAIC Complaint Index | 1.24 |
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. 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.
J.D. Power (out of 1,000) | 882 |
---|---|
A.M. Best - Financial Strength Rating | A++ |
BBB | A+ |
NAIC Complaint Index | 0.88 |
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.
A.M. Best - Financial Strength Rating | A+ |
---|---|
BBB | A- |
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 cannot 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.
Type of Policy | Policy Description |
Medical payments (to others) | If someone hurts themself on your property, your home insurance policy will pay a limited amount of their medical bills. |
Personal liability | Pays for medical bills, repair, or replacement costs if you are held responsible for physically hurting someone or damaging their personal belongings. Personal liability also handles legal fees if someone sues you. |
Other structures | Covers structures not adjoined to your home. This includes sheds, fences, and detached garages. |
Dwelling | Covers expenses to rebuild your home including: cabinets, flooring, and exterio/interior walls. |
Loss of use | If your property suffers any damages causing you to move while repairs are being done, then you can receive reimbursements while you are temporarily living elsewhere. |
Personal property | Covers the cost to replace any material items if you experience a break-in or fire. |
Which Additional Policies Should You Consider Purchasing?
While New Jersey is not extremely susceptible to hurricanes, Hurricane Sandy changed the 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.
Many standard home insurance policies cover wind damage, but almost none include flooding coverage from a weather event. If you live near the coast or have a basement prone to flooding, then you should look into flood insurance to protect your assets. Moreover, many areas of New Jersey, even far from the coast, are still prone to flooding, even from heavy rain storms.
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.
Our Methodology
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 on 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.