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Newark, NJ Home Values & Insurance Rates

Newark, NJ Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 557 3.0% $75
$70,000 to $79,999 201 1.0% $234
$80,000 to $89,999 202 1.0% $267
$90,000 to $99,999 203 1.0% $292
$100,000 to $124,999 948 5.0% $343
$125,000 to $149,999 886 4.0% $435
$150,000 to $174,999 1,822 9.0% $510
$175,000 to $199,999 1,693 9.0% $585
$200,000 to $249,999 3,120 17.0% $711
$250,000 to $299,999 3,874 21.0% $870
$300,000 to $399,999 4,680 25.0% $1104

Newark Renters Insurance as a Percentage of Rent

Newark Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 3,088 4.0% $339
$200 to $299 4,744 6.0% $789
$300 to $499 4,714 6.0% $1239
$500 to $749 8,431 12.0% $1914
$750 to $999 16,986 24.0% $2664
$1,000 to $1,499 23,764 34.0% $3789
$1,500 or more 7,795 11.0% $5439

Example Newark Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company State FarmGEICO InsuranceChubb Group of Insurance
Monthly Premium 416889
Year Built 201119881958
Home Details 2 Beds, 1 Baths3 Beds, 2 Baths4 Beds, 2 Baths
Coverage Amount $100000-$125000$200000-$250000$300000-$350000
Deductible $500 Deductible$5000 to $10,000 Deductible$2500-$5000 Deductible

Top Home Insurance Agents Near Newark, NJ

Home Insurance Company Near Newark, NJ Homeowners Insurance Agency Near Newark, NJ Address Distance from Newark, NJ (miles)
Travelers Derosa Rockefeller Sohigian & Werdal Inc 47 Halstead Avenue Suite 208, Harrison, NY, 10528 28.8
Travelers General Marine Inc 1325 SIXTH AVE STE 2800, NEW YORK, NY, 10019 10.5
Liberty Mutual Ralph Bottone 9030 Metropolitan Ave. Ste 200, Rego Park, NY, 11374 16.5
State Farm Robert Larson 7922 Jamaica Ave, Woodhaven, NY, 11421-1801 16.4
State Farm Scott West 615 South Livingston Avenue, Livingston, NJ, 07039-0556 8.7


Estimated Home Insurance By Street Area Near Newark, NJ

Newark Area Estimated House Insurance
Federal Sq, Crawford St, Garden St, Abington Ave W, Nursery St, Rowley St, Komorn St, Evergreen Ln, Clara Maass Dr, Treadwell St$853
Nichols St, Brenner St, Clipper St, W Alpine St, Eckert Ave, 19th Ave, Esther St, Vanderpool St, Frelinghuysen Ave, Hazelwood Ave$832
Waydell St, Clifton St, Distribution St, Van Wagenen St, N 14th St, Mount Prospect Pl, Downing St, Margaretta St, Wicker Ct, Tuxedo Pkwy$855
Beaman Plz, Longworth St, Catherine St, Hanover St, Seymour Ave, Boston Ct, Tichener Ln, Ashby Ln, W Grove Ter, Elliott St$865
Seabury Ct, Hamilton St, Mulberry St, Mitchell Pl, Eagles St, Kerrigan Blvd, Cutler St, Bruen St, Boyden St, Treacy Ave$875

Newark, NJ Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$900$1,900
Yearly Newark Homeowner Insurance Premium Example $1,200$1,000
Out of Pocket Expense During Claim$900$1,900
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $10,500$9,900
Net Savings to Newark Home Owner from High Deductible Plan $600

Newark, NJ Home Insurance Costs With Home Replacement Value Scenarios

Scenario Newark, NJ Home Replacement Value MORE than Home Value Newark, NJ Home Replacement Value LESS than Home Value
Replacement Value $357,000 $242,000
Insurance Premium based on Replacement Value $2,075 $1,400
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $46,000 Risk Exposure from Under Insuring Coverage is $69,000
Premium Impact Insurance cheaper by $400/year Insurance costlier by $275/year