Madison Insurance Rates:

Madison, NJ homeowners insurance is approximately $801 to $1,094, about $66-$91/month. Our all inclusive analysis reveals consumers can save upto $379 by comparing many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

State Farm
They are very helpful and freindly. I will rate them a 1. They do not try to sell us product all the time. They give us discounts because we have multiple products insured with them.
State Farm
I had a bad experience when need to put a claim in for my renter's insurance when I had a robbery at my place. They refused to pay and brought in their lawyer to interrogate me when I was the victim of a crime.

Madison, NJ Homeowners Insurance By Home Value

Madison, NJ Home Value Total Homes % of Total Average Madison, NJ Homeowners Insurance
Less than $50,000 28 8.0% $28
$100,000 to $124,999 27 7.0% $161
$150,000 to $174,999 19 5.0% $237
$200,000 to $249,999 34 10.0% $331
$250,000 to $299,999 12 3.0% $407
$300,000 to $399,999 220 64.0% $521

Top Home Insurance Agents Near Madison, NJ

Home Insurance Company Near Madison, NJ Homeowners Insurance Agency Near Madison, NJ Address
State Farm Brett Berges 279 Hempstead Ave Unit A, Malverne, NY, 11565-1257
Travelers E A Boniakowski Agency Inc 929 N WASHINGTON AVE, GREEN BROOK, NJ, 8812
State Farm John Powell 2253 South Ave Ste 4, Scotch Plains, NJ, 07076-4688
Travelers Maclean Agency Llc 138 NASSAU ST 3RD FL, PRINCETON, NJ, 8540
State Farm Scott West 615 South Livingston Avenue, Livingston, NJ, 07039-0556

Cost Of Homeowners Insurance By Street Near Madison, NJ

Streets in Madison Area Homeowners Insurance Cost
Samson Ave, Park St, Cathedral Ave, Cambridge Ct, Loantaka Ter, Vinal Pl, Lee Ave, Trevino Ct, Twombly Ln, Pomeroy Rd$945
Elmer St, Woodbine Rd, Rosewood Dr, Fernwood Rd, Dearburn Ct, Barnsdale Rd, E Dellwood Pkwy, Pierson Ln, Seven Oaks Cir, Baumgartner Ct$937
Brannick Dr, Baker Ave, Blanchet Ct, Rosedale Ave, Shepherd Ln, State Rte 124, Morris Pl, Loveys Dr, W Dellwood Pkwy, Norman Cir$1,046
Lewis Dr, Anderson Dr, West Ln, Vreeland Rd, Fen Ct, Milton Ave, Woodcliff Dr, Seaman St, Toothe Pl, Noe Ave$937
Anthony Dr, Rushmore Ct, Magnolia Ct, Shadylawn Dr, Tunis Dr, Loantaka Way, Hogan Ct, Klara, Northridge Dr, Fairfax Ct$947

Madison, NJ Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Madison$141 to $144
Florham Park$142
Chatham$146
Summit$149

Madison, NJ Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Florham Park borough, New Jersey $142 $189 $284
Chatham township, Morris County, New Jersey $146 $195 $293
Summit city, New Jersey $149 $199 $299

Madison, NJ Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Madison, NJ2.4%7.9%
Florham Park2.52%7.9%
Chatham2.25%8.15%
Summit2.07%8.29%

Madison Renters Insurance as a Percentage of Rent

Madison Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 20 1.0% $289
$300 to $499 78 4.0% $1189
$500 to $749 96 6.0% $1864
$750 to $999 52 3.0% $2614
$1,000 to $1,499 471 29.0% $3739
$1,500 or more 870 54.0% $5389

Madison, NJ Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,400$4,400
Yearly Madison Homeowner Insurance Premium Example $4,100$3,600
Out of Pocket Expense During Claim$1,400$4,400
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $30,100$29,600
Net Savings to Madison Home Owner from High Deductible Plan $500

Madison, NJ Home Insurance Costs With Home Replacement Value Scenarios

Scenario Madison, NJ Home Replacement Value MORE than Home Value Madison, NJ Home Replacement Value LESS than Home Value
Replacement Value $1,068,000 $796,000
Insurance Premium based on Replacement Value $4,600 $3,425
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $175,000 Risk Exposure from Under Insuring Coverage is $97,000
Premium Impact Insurance cheaper by $425/year Insurance costlier by $750/year

Example Madison Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Nationwide InsuranceAmica Mutual Insurance CompanyLiberty Mutual
Monthly Premium 30817175
Year Built 195719431973
Home Details 5 Beds, 1 Baths2 Beds, 1 Baths3 Beds, 1 Baths
Coverage Amount More than 10000000$350000-$400000$350000-$400000
Deductible $2500-$5000 Deductible$500 Deductible> $10,000 Deductible

Sample Home Insurance Rates for Madison, NJ from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1990 940,000 Slate Shingles Roof 2,780 4 $500 Deductible 2050 5 Stone Siding No
1944 980,000 Slate Shingles Roof 3,910 5 $2500-$5000 Deductible 800 3 Fiber-Cement Siding yes
1979 480,000 Asphalt Shingles Roof 1,760 5 $5000 to $10,000 Deductible 720 8 Brick siding No
1972 480,000 Wood Shake Roof 1,550 2 $500 Deductible 1160 7 Vinyl siding yes
1962 505,000 Slate Shingles Roof 1,550 3 $1000-$2500 Deductible 1470 6 Wood siding yes
1999 840,000 Slate Shingles Roof 2,880 4 $2500-$5000 Deductible 330 1 Stucco siding yes
1997 1,225,000 Metal Roof 4,250 5 $5000 to $10,000 Deductible 1660 6 Stone Siding No
1968 495,000 Composition Roof 2,120 5 $2500-$5000 Deductible 940 5 Brick siding No
1992 455,000 Shingles Roof 1,840 4 > $10,000 Deductible 530 6 Fiber-Cement Siding yes
1996 490,000 Slate Shingles Roof 1,490 3 $5000 to $10,000 Deductible 500 3 Fiber-Cement Siding No
1994 490,000 Asphalt Shingles Roof 1,970 4 $500 Deductible 160 1 Brick siding No
1946 1,375,000 Metal Roof 4,220 5 $500- $1000 Deductible 1780 4 Fiber-Cement Siding yes
1966 620,000 Wood Shake Roof 2,230 3 $1000-$2500 Deductible 940 4 Wood siding yes
1972 495,000 Slate Shingles Roof 1,850 4 $2500-$5000 Deductible 1000 7 Stone Siding No
1950 580,000 Membrane Roof 2,330 3 $500- $1000 Deductible 1280 6 Stucco siding No
1948 330,000 Slate Shingles Roof 1,030 2 $500 Deductible 690 5 Vinyl siding yes
1990 510,000 Asphalt Shingles Roof 1,930 4 $500- $1000 Deductible 210 1 Vinyl siding yes
1996 1,430,000 Asphalt Shingles Roof 4,880 5 $500- $1000 Deductible 2000 5 Wood siding No
1963 365,000 Metal Roof 1,340 2 $500- $1000 Deductible 420 3 Brick siding No
1994 410,000 Membrane Roof 1,390 3 $2500-$5000 Deductible 410 3 Vinyl siding No
1943 440,000 Wood Shake Roof 1,300 2 > $10,000 Deductible 160 2 Brick siding yes
1961 960,000 Slate Shingles Roof 3,080 4 > $10,000 Deductible 2270 9 Stone Siding yes
1958 480,000 Metal Roof 1,520 2 $1000-$2500 Deductible 260 2 Brick siding yes
1943 590,000 Slate Shingles Roof 1,980 3 $2500-$5000 Deductible 770 4 Vinyl siding yes
1957 315,000 Asphalt Shingles Roof 1,300 3 $5000 to $10,000 Deductible 660 9 Fiber-Cement Siding yes
1971 605,000 Slate Shingles Roof 2,090 3 $1000-$2500 Deductible 1040 4 Vinyl siding No
1967 535,000 Wood Shake Roof 2,200 5 $2500-$5000 Deductible 760 5 Stone Siding No
1954 610,000 Metal Roof 1,780 4 $2500-$5000 Deductible 1380 9 Fiber-Cement Siding yes
1946 610,000 Membrane Roof 1,930 3 > $10,000 Deductible 1400 10 Wood siding No
1951 820,000 Wood Shake Roof 2,520 5 > $10,000 Deductible 410 2 Stone Siding yes
1963 455,000 Metal Roof 1,480 3 $1000-$2500 Deductible 530 4 Vinyl siding No
1964 670,000 Composition Roof 2,100 3 $5000 to $10,000 Deductible 2150 9 Vinyl siding No
1973 1,115,000 Slate Shingles Roof 3,170 4 $2500-$5000 Deductible 750 3 Stone Siding No
1970 370,000 Metal Roof 1,060 2 $5000 to $10,000 Deductible 180 2 Fiber-Cement Siding yes