Elizabeth ,NJ Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Elizabeth, NJ homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Elizabeth, NJ is $1137. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Elizabeth, NJ. VHome Insurance will help you navigate the world of homeowners insurance coverages in Elizabeth, NJ.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $455 |
| $200,000 | $773 |
| $300,000 | $955 |
| $400,000 | $1,455 |
| $500,000 | $1,831 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Elizabeth, NJ, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,166 |
| $1000 Deductible | $1,043 |
| $1500 Deductible | $984 |
| $2500 Deductible | $887 |
| $5000 Deductible | $750 |
| Home Insurance Company Near Elizabeth, NJ | Homeowners Insurance Agency Near Elizabeth, NJ | Address |
|---|---|---|
| NA | Simon Agency Ny, Inc. | 14 Front St Ste 201, Hempstead, NY, 11550 |
| NA | Local Brokerage Dba Budget Brokerage | 809 Carman Ave , Westbury, NY, 11590 |
| Travelers | Geo E Payne & Son Inc | 200-15 32ND AVE, BAYSIDE, NY, 11361 |
| Farmers | Ilda Cartaxo | 244 Harrison Ave, Lodi, NJ, 7644 |
| Allstate | New York Statewide Protection Inc. | 290 Route 59, Nyack, NY, 10960 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Hillside township, Union County, New Jersey | $126 | $168 | $252 |
| Roselle borough, New Jersey | $125 | $167 | $251 |
| Linden city, New Jersey | $128 | $170 | $255 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Elizabeth, NJ | 2.8% | 7.4% |
| Hillside | 2.73% | 7.01% |
| Roselle | 2.8% | 6.96% |
| Linden | 2.99% | 7.22% |
| Elizabeth Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 669 | 2.0% | $784 |
| $300 to $499 | 1,151 | 4.0% | $1234 |
| $500 to $749 | 2,656 | 9.0% | $1909 |
| $750 to $999 | 8,194 | 29.0% | $2659 |
| $1,000 to $1,499 | 11,475 | 41.0% | $3784 |
| $1,500 or more | 3,192 | 11.0% | $5434 |
| Streets in Elizabeth Area | Homeowners Insurance Cost |
|---|---|
| N Fleet St, Dewey Pl, S Pearl St, Brunswick Ave, McKinley St, Linden St, Izmir St, Hampton Pl, Trumbull St, Williams Dr | $826 |
| Bayway, Meridian St, Kempshall Pl, Centre St, Lower Rd To Newark, Harbor Front Pl, Montgomery Pl, Lyon Pl, Bay Ave, Hazard Pl | $828 |
| Slater Dr, Williamson St, Trotters Ln, S Park St, Bayway Cir, Spencer St, Burlington Ave, Bank St, Police Plz, Monsignor Kemezis Pl | $819 |
| S 7th St, Carrington St, Gibbons Ct, Newcomb Pl, Augusta St, Watson Ave, Mellon Pl, Burnet St, W Jersey St, Livingston Rd | $851 |
| Russell Pl, Eaton St, Marshall St, Prince St, Glimcher Realty Way, Community Ln, Clarkson Ave, Dakar St, Dayton St, Donald Pl | $818 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Elizabeth | $126 to $129 |
| Hillside | $126 |
| Roselle | $125 |
| Linden | $127 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,600 | $2,600 |
| Yearly Elizabeth Homeowner Insurance Premium Example | $1,700 | $1,200 |
| Out of Pocket Expense During Claim | $1,600 | $2,600 |
| Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim | $6,700 | $6,200 |
| Net Savings to Elizabeth Home Owner from High Deductible Plan | $500 | |
| Scenario | Elizabeth, NJ Home Replacement Value MORE than Home Value | Elizabeth, NJ Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $377,000 | $266,500 |
| Insurance Premium based on Replacement Value | $1,800 | $1,275 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $50,500 | Risk Exposure from Under Insuring Coverage is $60,000 |
| Premium Impact | Insurance cheaper by $275/year | Insurance costlier by $250/year |
| Insurance Company | GEICO Insurance | Travelers | Amica Mutual Insurance Company |
| Monthly Premium | 67 | 195 | 108 |
| Year Built | 1987 | 1963 | 1956 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 3 Baths |
| Coverage Amount | $200000-$250000 | $400000-$500000 | $400000-$500000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | $5000 to $10,000 Deductible |