New Providence Insurance Rates:

New Providence, NJ home insurance is approximately $793 to $1,082, about $66-$90/month. Our all inclusive research reveals consumers can save as much as $374 by getting multiple quotes

Compare Quotes from Top Providers and Save now!

Research about New Providence Home Insurance Rates, Quotes, Reviews, Agents, Coverage & other ways to save money in New Jersey. Compare quotes & save.

New Providence Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Nationwide Insurance
Home Insurance Rate of $290/2 months for $600000-$700000 Coverage
Policy Holder Home Details :

Home Value : $605,000

5 Beds, 5 Baths 2190 sqft Primary Residence Constructed In 1973 with Hardwood Flooring, Composition Roof, Piers Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Central Air Conditioning, Indoor Sprinklers, Fire Extinguisher, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

23 Years old Divorced Male who is a Freelancer with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $3310/10 months for More than 10000000 Coverage
Policy Holder Home Details :

Home Value : $870,000

5 Beds, 5 Baths 3240 sqft Rental Property Constructed In 1966 with Carpet Flooring, Tile Roof, Chainwall Foundation, Vinyl siding, Brick Frame. Home Features Include Central Air Conditioning, Smoke Alarm, Indoor Sprinklers, Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

54 Years old Married Female who has a Full Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1220/8 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $490,000

2 Beds, 2 Bath 1760 sqft Seasonal Residence Constructed In 1968 with Carpet Flooring, Shingles Roof, Piers Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Indoor Sprinklers, Fireplace, Deadbolt Locks, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

27 Years old Single Male who is Unemployed with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1250/4 months for $700000-$800000 Coverage
Policy Holder Home Details :

Home Value : $940,000

5 Beds, 5 Baths 4030 sqft Rental Property Constructed In 1968 with Ceramic Tile Flooring, Shingles Roof, Chainwall Foundation, Wood siding, Brick Frame. Home Features Include Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

59 Years old Married Female who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $220/1 month for $700000-$800000 Coverage
Policy Holder Home Details :

Home Value : $690,000

5 Beds, 5 Baths 2260 sqft Primary Residence Constructed In 1979 with Linoleum, Slate Shingles Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

66 Years old Married Female who has a Part Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $550/2 months for More than 10000000 Coverage
Policy Holder Home Details :

Home Value : $1,285,000

5 Beds, 5 Baths 4590 sqft Vacation Property Constructed In 1963 with Hardwood Flooring, Tile Roof, Chainwall Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Fireplace, Central Air Conditioning, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Single Female who has a Full Time Job with household income of $75-$100,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

Home Insurance Rate of $1530/8 months for $600000-$700000 Coverage
Policy Holder Home Details :

Home Value : $705,000

5 Beds, 5 Baths 3140 sqft Rental Property Constructed In 1952 with Carpet Flooring, Wood Shake Roof, Chainwall Foundation, Wood siding, Stucco Construction. Home Features Include Central Air Conditioning, Copper Water Pipes, Fire Extinguisher, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

57 Years old Divorced Male who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1200/8 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $420,000

2 Beds, 2 Bath 1540 sqft Seasonal Residence Constructed In 1970 with Carpet Flooring, Composition Roof, Piers Foundation, Wood siding, Wood Frame. Home Features Include Swimming Pool, Central Air Conditioning, Deadbolt Locks, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

52 Years old Married Male who is a Freelancer with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1780/9 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $425,000

3 Beds, 3 Bath 1580 sqft Seasonal Residence Constructed In 1949 with Carpet Flooring, Tile Roof, Piers Foundation, Wood siding, Wood Frame. Home Features Include Fireplace, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

56 Years old Single Female who is a Freelancer with household income of $100-$150,000 and has 2 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $800/12 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $285,000

2 Beds, 2 Bath 960 sqft Rental Property Constructed In 1949 with Hardwood Flooring, Composition Roof, Piers Foundation, Stone Siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Smoke Alarm, Copper Water Pipes, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

66 Years old Divorced Male who is a Freelancer with household income of $50-$75,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 650-699 Credit Score

New Providence Rates & Quotes Analysis:

New Providence Area Estimated House Insurance
Mill Pond Rd, Gold Ct, Farm Gate Rd, Magnolia Dr, Etmore Pl, Princeton Dr, 8th St, Nassau Pl, Pine Ct, Glenbrook Rd$919
Crane Cir, Wilber St, Oldwood Rd, Barberry Ln, Laurel Dr, Hilary Pl, Foley Pl, Cross Way, Chanlon Rd, Hathaway Dr$919
Ashwood Rd, Pine Way, Primrose Dr, Pewter Ln, Douglas St, Holmes Oval, Woodruff Ct, Commerce Dr, Dogwood Ln, Academy St$920
The Fellsway, Oxbow Dr, Warner Pl, E 5th St, Pioneer Dr, Hillside Ter, Verona Rd, Brook Rd, Club Dr, Gales Dr$931
Walton Ave, Hickory Pl, Fox Run, Johnson Dr, Hansell Rd, Diamond Hill Rd, Newcomb Dr, Knollwood Dr, Badgley Dr, Jane Rd$963

Insurance rates are influenced by a number of factors including:

  • Year Built: 648 Homes (14% of total) built between 1940 to 1949 in New Providence are paying home insurance between $1,882-$1,896 in contrast with Chatham (+$86), Summit (+$120), Mountainside (+$29), Springfield (-$94) and Fanwood (-$107).
  • Bedrooms: 754 2 bedrooms homes (17% of total homes ) in New Providence are paying about $394 and varies from Chatham (+$18), Summit (+$25), Mountainside (+$6), Springfield (-$20) and Fanwood (-$22).
  • Auto Insurance Bundling: 1,868 Households (57% of all households) in New Providence have 2 vehicles available and when it is bundled with home insurance you can save $187 and varies from Berkeley Heights ($188), Chatham ($195), Summit ($199).
  • Senior Discounts: 1,492 seniors (more than 55 years) occupied housing units (46% of total) in New Providence get discounts between $139 to $141 compared to Berkeley Heights ($141), Chatham ($146), Summit ($149).
  • New Homes discounts: New homes such as the 1,622 homes built between 2000 to 2009 in New Providence can save $187 compared to Berkeley Heights ($188), Chatham ($195), Summit ($199).

New Providence Homeowners insurance Facts

  • New Providence, NJ has 3,229 owner occupied houses which is 76.3% of all units whereas Berkeley Heights, Chatham and Summit have 91.33%, 85.97% and 68.45% respectively.
  • New Providence, NJ homeowners yearly insurance price at $937 is 0.16% of the typical house value of $594,000 which is in contrast with 0.16% in Berkeley Heights, 0.13% at Chatham & 0.13% in Summit.
  • Homeowners in New Providence, NJ pay 3.41% of their income ($25,000 to $29,999) in insurance whereas homeowners in Berkeley Heights, Chatham and Summit pay 3.42%, 3.56% and 3.62% respectively.
  • New Providence, NJ’s insurance is 2.4% of monthly housing costs of $3,297/month, for owners with a mortgage compared to 2.3% in Berkeley Heights, 2.25% at Chatham & 2.07% in Summit. But, for households without a mortgage, insurance is 7.8% of costs ($1,001 in New Providence, NJ) in contrast with 7.83% in Berkeley Heights, 8.15% at Chatham & 8.29% in Summit.

New Providence, NJ Home Values & Insurance rates

For example, insurance for 80 Homes (19.0% of total homes ) valued between $250,000 to $299,999 in New Providence, NJ is about $431. Rates in nearby areas in such as Berkeley Heights, Chatham, Summit are cheaper by $8, $69, $83 respectively while Springfield and Fanwood are costlier by $120 and $143 respectively for similar homes.

New Providence, NJ Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 7 1.0% $37
$70,000 to $79,999 10 2.0% $112
$150,000 to $174,999 22 5.0% $252
$200,000 to $249,999 48 11.0% $346
$250,000 to $299,999 80 19.0% $431
$300,000 to $399,999 246 59.0% $543

Renters Insurance in New Providence

  • Median Gross Rent in New Providence :  $1,310

  • Average household size of renter-occupied unit :  2.37

New Providence Renters Insurance as a Percentage of Rent

New Providence Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 19 1.0% $744
$500 to $749 14 1.0% $1869
$750 to $999 53 5.0% $2619
$1,000 to $1,499 639 64.0% $3744
$1,500 or more 260 26.0% $5394

Rent Affordability in New Providence:

Approximately 27.0% (281) of households are spending more than 35% of their income on gross rent in New Providence

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 110 10.0%
15.0 to 19.9 percent 143 14.0%
20.0 to 24.9 percent 85 8.0%
25.0 to 29.9 percent 169 16.0%
30.0 to 34.9 percent 217 21.0%
35.0 percent or more 281 27.0%

New Providence Renters Insurance Discounts:

New Providence Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in New Providence, NJ Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 473 47.0% NA
2 vehicles available 414 41.0% NA
3 or more vehicles available 42 4.0% NA