Randolph Insurance Rates:

Randolph, NJ home insurance is approximately $783 to $1,069, about $65-$89/month. Our all inclusive guide shows customers can save as much as $370 by getting multiple quotes

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Randolph Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Travelers
Home Insurance Rate of $200/2 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $230,000

2 Beds, 2 Bath 970 sqft Vacation Property Constructed In 1960 with Carpet Flooring, Shingles Roof, Crawl Space Foundation, Stucco siding, Brick Frame. Home Features Include Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

30 Years old Married Female who is a Freelancer with household income of $50-$75,000 and has 2 Pets and is a Non-Smoker

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

  • Up to 499 Credit Score

Home Insurance Rate of $2040/7 months for $900000-$1000000 Coverage
Policy Holder Home Details :

Home Value : $1,195,000

5 Beds, 5 Bath 3980 sqft Rental Property Constructed In 1987 with Linoleum, Slate Shingles Roof, Slab Foundation, Stucco siding, Wood Frame. Home Features Include Indoor Sprinklers, Copper Water Pipes, Smoke Alarm, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

27 Years old Married Male who is Unemployed and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $550/2 months for $600000-$700000 Coverage
Policy Holder Home Details :

Home Value : $605,000

4 Beds, 4 Baths 2880 sqft Seasonal Residence Constructed In 2001 with Wood Flooring, Wood Shake Roof, Piers Foundation, Wood siding, Wood Frame. Home Features Include Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

52 Years old Divorced Male who is a Freelancer with household income of $25-50,000 and has No Pets and is a Smoker

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

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $230/1 month for $700000-$800000 Coverage
Policy Holder Home Details :

Home Value : $645,000

4 Beds, 4 Baths 2550 sqft Primary Residence Constructed In 2000 with Stone Flooring, Wood Shake Roof, Piers Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

60 Years old Divorced Male who is Retired and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $2330/6 months for $800000-$900000 Coverage
Policy Holder Home Details :

Home Value : $990,000

5 Beds, 5 Baths 4510 sqft Vacation Property Constructed In 1966 with Wood Flooring, Metal Roof, Slab Foundation, Brick siding, Wood Frame. Home Features Include Deadbolt Locks, Copper Water Pipes, Smoke Alarm, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

33 Years old Married Male who is a Freelancer with household income of more than $150,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $1260/6 months for $700000-$800000 Coverage
Policy Holder Home Details :

Home Value : $780,000

5 Beds, 5 Bath 2940 sqft Rental Property Constructed In 1965 with Wood Flooring, Metal Roof, Crawl Space Foundation, Vinyl siding, Stucco Construction. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

41 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $260/3 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $340,000

2 Beds, 2 Bath 1460 sqft Primary Residence Constructed In 1971 with Carpet Flooring, Membrane Roof, Slab Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Central Air Conditioning, Copper Water Pipes, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

25 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1180/10 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $460,000

2 Beds, 2 Bath 1620 sqft Primary Residence Constructed In 2002 with Ceramic Tile Flooring, Tile Roof, Piers Foundation, Stone Siding, Brick Frame. Home Features Include Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

35 Years old Single Female who has a Full Time Job with household income of $100-$150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Randolph Rates & Quotes Analysis:

Randolph Area Estimated House Insurance
Overlook Ave, Mel Dr, Barclay Ct, E Logan Rd, Guy St, Leigh Ct, Lincoln Rd, Center Grove Rd, Rebecca Ct, Clearview Dr$921
Evergreen Ln, Schooner Ct, Alcor Rd, Misty Mountain Dr, Leonard Ln, Old Coach Rd, Cromwell Ln, Cedar Ter, Rose Way, Chrystal St$953
W Chrystal St, Tudor Pl, Sorman Ter, Longhill Rd, Everdale Rd, Oakwood Rd, Center Rd, Center Grove Rd, Windsor Ave, Boulder Ridge Dr$898
Cromwell Dr, Champlain Ct, Harmony Ln, Jared Dr, Bonnell Ln, Wooded Hill Ln, Mariner Dr, Kaye Pl, Roslyn Way, Bragman Rd$909
Allen Way, Berry Ln, Greenhut Ave, Van Nostrand Ave, Olde York Rd, Monroe St, Deepdale Dr, Canterbury Ct, Morey Ln, Timber Ln$937

Insurance rates are influenced by a number of factors including:

  • Year Built: 2,464 Homes (26% of total homes ) built between 1970 to 1979 in Randolph are paying home insurance between $1,502-$1,516. Places close to Randolph, NJ such as Mendham, Chester, Bernardsville are more expensive by $154, $60, $48 respectively while Morris County and Mine Hill are cheaper by $54 and $110 respectively for similar homes.
  • Bedrooms: 3,931 4 bedrooms homes (41% of total homes ) in Randolph are paying about $815. Areas near to Randolph such as Mendham, Morris, Chester are costlier by $84, $6, $33 respectively whereas Morris County and Mine Hill are more economical by $29, $59 respectively for similar homes.
  • Auto Insurance Bundling: 3,444 Households (49% of all households) in Randolph have 2 vehicles available and when it is bundled with home insurance you can save $185. Discounts for similar bundling in close by locations such as Morris County, Mine Hill, Victory Gardens come to $178, $171, $164 respectively.
  • Senior Discounts: 2,435 seniors (more than 55 years) occupied housing units (35% of total) in Randolph get discounts between $138 to $141 and differs from Morris County ($133), Mine Hill ($128), Victory Gardens ($123).
  • New Homes discounts: New homes such as the 3,241 homes built between 2000 to 2009 in Randolph can save $185 compared to Morris County ($178), Mine Hill ($171), Victory Gardens ($164).

Randolph Homeowners insurance Facts

  • Randolph, NJ has 6,889 owner occupied houses which is 74.6% of all units whereas Morris County, Mine Hill and Victory Gardens have 75.88%, 94.89% and 42.26% respectively.
  • Randolph, NJ homeowners yearly insurance price at $926 is 0.17% of the typical house value of $553,600 which is in contrast with 0.2% in Morris County, 0.25% at Mine Hill & 0.38% in Victory Gardens.
  • Homeowners in Randolph, NJ pay 7.41% of their income ($10,000 to $14,999) in insurance whereas homeowners in Morris County, Victory Gardens and Mendham pay 7.14%, 6.58% and 8.17% respectively.
  • Randolph, NJ’s insurance is 2.3% of monthly housing costs of $3,407/month, for owners with a mortgage compared to 2.57% in Morris County, 2.83% at Mine Hill & 3.83% in Victory Gardens. But, for households without a mortgage, insurance is 7.7% of costs ($1,001 in Randolph, NJ) in contrast with 7.43% in Morris County, 8.0% at Mine Hill & 8.67% in Victory Gardens.

Randolph, NJ Home Values & Insurance rates

For example, insurance for 97 Homes (6.0% of total homes ) valued between $200,000 to $249,999 in Randolph, NJ is about $370. Rates in nearby areas in such as Mendham, Morris, Bernardsville are cheaper by $105, $7, $45 respectively while Morris County and Mine Hill are costlier by $76 and $196 respectively for similar homes.

Randolph, NJ Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 42 2.0% $37
$100,000 to $124,999 38 2.0% $175
$175,000 to $199,999 22 1.0% $305
$200,000 to $249,999 97 6.0% $370
$250,000 to $299,999 185 11.0% $453
$300,000 to $399,999 1,176 74.0% $583

Renters Insurance in Randolph

  • Median Gross Rent in Randolph :  $1,178

  • Renter occupied housing units in Randolph :  2,349

Randolph Renters Insurance as a Percentage of Rent

Randolph Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 31 1.0% $749
$300 to $499 50 2.0% $1199
$500 to $749 102 4.0% $1874
$1,000 to $1,499 1,733 74.0% $3749
$1,500 or more 386 16.0% $5399

Rent Affordability in Randolph:

Approximately 37.0% (875) of households are spending more than 35% of their income on gross rent in Randolph

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 232 9.0%
15.0 to 19.9 percent 498 21.0%
20.0 to 24.9 percent 399 16.0%
25.0 to 29.9 percent 191 8.0%
30.0 to 34.9 percent 154 6.0%
35.0 percent or more 875 37.0%

Randolph Renters Insurance Discounts:

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

Number of Vehicles in Randolph, NJ Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 1,436 61.0% NA
2 vehicles available 688 29.0% NA
3 or more vehicles available 47 2.0% NA