New Jersey Homeowners Insurance Coverage

From coastal Cape May to urban Newark, your New Jersey home is your haven. A Farmers FlexSM Personal Home policy can help you protect it, with discounts offering many ways to save.

Is homeowners insurance mandatory in New Jersey?

No, homeowners insurance is not required by law in New Jersey. However, in order to get a home loan, your mortgage lender will likely require you to obtain a certain amount of insurance coverage.

How much does homeowners insurance generally cost in New Jersey?

The average premium for home insurance coverage in New Jersey is $1,277 per year1, according to a 2020 report (the most recent data available) by the National Association of Insurance Commissioners (NAIC). That’s about the same as the national average of $1,311 a year, according to same report. However, insurance costs in most states have changed since then. Also, the amount you pay may be different depending on things like the value and age of your home, how much personal property you want to cover, what deductible you choose and risks specific to your area.

What does homeowners insurance cover in New Jersey?

Every policy is different, but home insurance policies in New Jersey typically come with several standard coverages.

  • Dwelling (Coverage A). This coverage helps you pay for damage to your home from a covered event, such as a fire, windstorm, lightning or hail.

  • Other structures (Coverage B). This coverage is intended to help cover structures that aren’t connected to your home, like a fence or shed.

  • Personal property (Coverage C). This coverage helps you repair or replace your personal belongings if they are stolen or damaged.

  • Loss of use, or additional living expense coverage (Coverage D). This coverage can help you pay to stay somewhere else if your home is uninhabitable due to covered damage.

  • Personal liability (Coverage E). This coverage helps pay for accidental property damage or injuries you cause through negligence. 

Typical home insurance policies in New Jersey cover damage caused by events such as:

  • Fire
  • Vandalism and theft
  • Lightning strikes
  • Wind
  • Hail
  • Explosions
  • Falling objects
  • The weight of snow or ice

Flooding, a risk in parts of New Jersey, is not covered. However, special flood insurance through the National Flood Insurance Program (NFIP) may be available. 

Farmers Flex Personal Home coverage in in New Jersey

Beyond the basic coverages, Farmers Flex Personal Home offers a wide range of options that let you customize your policy, such as:

  • Guaranteed Replacement Cost
  • Water Backup and Sump Overflow
  • Emergency Mortgage Assistance
  • Declining Deductibles®
  • Claim Forgiveness

Learn more about Farmers Flex Personal Home policies

New Jersey home insurance discounts

Farmers® offers a variety of savings opportunities for eligible home insurance customers in New Jersey, including:

  • Welcome Discount
  • Home Buyer Discount
  • Multi-Policy Discount
  • Loyalty Discount
  • Claim Free Discount

See more information and additional discounts that may be available in New Jersey.

Eastern Goldfinch

If you’d like to draw New Jersey’s state bird to your backyard feeder, just put out their favorite food — sunflower seeds. — All About Birds

More coverage options in New Jersey

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Learn From Experience

Learn more about homes — and how to protect them — with these real-life stories from homeowners and pros.

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I Lost My Wedding Ring on the Golf Course, Do I Have Coverage?

You’re not the first person I’ve talked to who has lost a wedding ring — depending on your homeowners insurance policy, the loss could be covered.

1 Based on average premium for HO-3 type open perils homeowners policies.