Cheapest home insurance carriers in Newark / Jersey City
Estimated annual premiums for a standard policy (~$300k dwelling, $1,000 deductible), ranked cheapest first — Newark / Jersey City averages about $1,132/yr (median of the carriers below: $1,042/yr). Enter ZIP for a ranking tuned to your home.
| # | Carrier | Est. annual | vs median |
|---|---|---|---|
| 1 | NJM Insurance | $906/yr | Save $136 |
| 2 | USAA | $918/yr | Save $124 |
| 3 | Amica Mutual | $935/yr | Save $107 |
| 4 | CSAA / AAA | $1,001/yr | Save $41 |
| 5 | Mercury Insurance | $1,019/yr | Save $23 |
| 6 | State Farm | $1,065/yr | +$23 |
| 7 | Allstate | $1,123/yr | +$81 |
| 8 | Nationwide | $1,130/yr | +$88 |
| 9 | Cumberland Mutual | $1,132/yr | +$90 |
| 10 | The Hartford | $1,141/yr | +$99 |
Why home insurance costs what it does in Newark / Jersey City
Newark / Jersey City-area home insurance is priced mainly around coastal storms and dense urban property. The North Jersey metro (Newark, Jersey City, and the shore-adjacent counties) carries coastal wind exposure, dense high-value property, and higher rebuilding and theft costs, pricing above the low New Jersey statewide average.
The metro average hides your ZIP. A single carrier can price neighboring ZIPs very differently — coastal, wildfire, or older-home areas load high while lower-risk pockets pay less. This page is a Newark / Jersey City-level estimate; compare carriers for your exact ZIP to see where you land, and see why your rate can jump even when your carrier’s filing looks flat.
See all New Jersey home rates & carriers → · Who’s raising & cutting New Jersey home rates →
Directional estimates from public rate filings and NAIC data — not a quote. Metro figures apply a modeled Newark / Jersey City offset to the New Jersey average, which is anchored to those approved filings; your actual rate depends on dwelling amount, deductible, roof age, claims history, and exact ZIP.