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Paterson, NJ Home Values & Insurance Rates

Paterson, NJ Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 352 3.0% $67
$100,000 to $124,999 447 4.0% $305
$125,000 to $149,999 245 2.0% $381
$150,000 to $174,999 469 4.0% $449
$175,000 to $199,999 571 5.0% $525
$200,000 to $249,999 1,656 15.0% $627
$250,000 to $299,999 2,150 19.0% $771
$300,000 to $399,999 4,631 43.0% $975

Paterson Renters Insurance as a Percentage of Rent

Paterson Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 668 2.0% $334
$200 to $299 1,432 4.0% $784
$300 to $499 1,264 4.0% $1234
$500 to $749 3,077 10.0% $1909
$750 to $999 5,794 18.0% $2659
$1,000 to $1,499 14,742 48.0% $3784
$1,500 or more 3,520 11.0% $5434

Example Paterson Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company GEICO InsuranceTravelersNationwide Insurance
Monthly Premium 6571107
Year Built 195319771941
Home Details 2 Beds, 1 Baths3 Beds, 2 Baths4 Beds, 3 Baths
Coverage Amount $200000-$250000$200000-$250000$250000-$300000
Deductible $2500-$5000 Deductible$1000-$2500 Deductible$500 Deductible

Top Home Insurance Agents Near Paterson, NJ

Home Insurance Company Near Paterson, NJ Homeowners Insurance Agency Near Paterson, NJ Address Distance from Paterson, NJ (miles)
Gunn, Steers & Company, Llc 30 East 39Th Street 30 East 39Th Street New York, NYC, NY, 10016 14.8
On Time Insurance Brokerage 3923 Fort Hamilton Pkwy Brooklyn, NYC, NY, 11218 20.8
State Farm Deborah Morson 147 Lake Ave, Deer Park, NY, 11729-4242 44.9
Travelers Julius A Rose Inc 611 BROADWAY, BAYONNE, NJ, 7002 17.2
Travelers Schutzenbach Agency Ltd 260 MAIN ST SUITE 203, NORTHPORT, NY, 11768 42.6


Estimated Home Insurance By Street Area Near Paterson, NJ

Paterson Area Estimated House Insurance
Tyler St, Caldwell Ave, Ellison Pl, Ramsey St, Passaic County 651, Parkway, River Ter, E 36th St, Tony Columbia Pl, N 11th St$859
Oliver St, 22nd Ave, Hillman St, Eagle Ave, Temple St, Paterson St, Fulton St, E 13th St, Erie St, Colonial Ave$874
Southard St, Harris Pl, Elizabeth St, E 11th St, Atlantic St, Morton St, Curtis Pl, N 1st St, Smith St, E 15th St$964
Salem Rd, E 34th St, May St, Ward St, Howard St, Pope Rd, Manor Rd, E 42nd St, Olive St, Hoxey St$864
Hopper St, Coral St, Kent Rd, Katz Ave, Katz Ave, Wayne Ave, Wait St, Hill St, McBride Ave Exd, Albion Ave$848

Paterson, NJ Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$700$1,700
Yearly Paterson Homeowner Insurance Premium Example $1,600$1,400
Out of Pocket Expense During Claim$700$1,700
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $13,500$12,900
Net Savings to Paterson Home Owner from High Deductible Plan $600

Paterson, NJ Home Insurance Costs With Home Replacement Value Scenarios

Scenario Paterson, NJ Home Replacement Value MORE than Home Value Paterson, NJ Home Replacement Value LESS than Home Value
Replacement Value $394,000 $243,500
Insurance Premium based on Replacement Value $1,900 $1,175
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $64,500 Risk Exposure from Under Insuring Coverage is $86,000
Premium Impact Insurance cheaper by $425/year Insurance costlier by $300/year