Monmouth County, NJ homeowners insurance is approximately $747 to $1,010, about $62-$84/month. Our exhaustive guide reveals consumers can save upto $351 by getting many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
The average cost of home insurance in Monmouth County, NJ, is $1279. Homeowners insurance is designed to protect you from the myriads that can damage your house from perils like wind/hail damage, fires, lightning, theft, and more. In addition, it covers injuries that occur on your property and lawsuits against you, such as someone suing you because they were hurt at your home. Homeowners in Monmouth County can also get additional coverage for certain disasters – like earthquakes or floods.
There's no such thing as being too careful when it comes to your home. So when it's time to get homeowners insurance, you want to make sure that you've taken every step possible to protect your most significant investment. When it's time to buy coverage, there are plenty of options. Choosing the insurance policy that's right for you is indeed a difficult task. Here are a few things to consider while searching for homeowners insurance in Monmouth County, NJ.
Cost of insurance based on the coverage level in Monmouth County, NJ
Coverage is the package that helps protect your home and other structures on your property against unexpected events. It is designed to ensure that your home, belongings, or other valuables are protected against damages and loss. The price may differ depending on the type of coverage opted by the homeowner. For example, homeowners paying a coverage of $200K pay $707 on home insurance in Monmouth County, NJ. Homeowners generally choose to pay coverage of $100K to $300K, which comes to $291 and $1327, respectively, in Monmouth County, NJ.
Cost of insurance based on the deductibles in Monmouth County, NJ
Your home insurance deductible plays an important role in paying claims, so homeowners must understand how they work to avoid any surprises. Your deductible is the amount you agree to pay out of pocket toward a claim before insurance will step in and pay the rest. For instance, let's say you have a house valued at $250,000, and you choose a $1,000 deductible. If your home is damaged by fire or lightning, you're on the hook for the $2,000 in costs. Here, $1000 will be paid by the homeowner as the portion of the deductible, and the other half,i.e., $1000, will be paid by the insurance provider. A higher deductible will get you discounts, but it is advised to choose a high deductible only if you can afford to pay in the time of need.
Homeowners who have opted for a low deductible of $500 pay $1264 on homeowners insurance in Monmouth County, NJ. In contrast, homeowners who opted for a high deductible of $2500 pay $919 on home insurance in Monmouth County, NJ.
Cost of insurance based on the age of the home in Monmouth County, NJ
If you have an older home, you may struggle to obtain cheap homeowners insurance in Monmouth County, NJ. Older houses may be more susceptible to unpredictable circumstances such as plumbing breakdowns, conflagration damages, and more. For example, homes older than 30 and 50 years pay $1299 and $1328, respectively, on homeowners insurance in Monmouth County, NJ. On the other hand, newly constructed homes are less prone to damage, and home insurance providers offer significant discounts to newly built homes. For instance, newly built homes in Monmouth County, NJ, can get lower insurance of $1011.
|Monmouth County, NJ Home Value||Total Homes||% of Total||Average Monmouth County, NJ Homeowners Insurance|
|Less than $50,000||2,880||3.0%||$52|
|$100,000 to $124,999||2,108||2.0%||$237|
|$125,000 to $149,999||1,478||1.0%||$298|
|$150,000 to $174,999||3,222||3.0%||$351|
|$175,000 to $199,999||3,057||3.0%||$404|
|$200,000 to $249,999||12,812||14.0%||$492|
|$250,000 to $299,999||18,569||20.0%||$606|
|$300,000 to $399,999||42,400||47.0%||$764|
|Home Insurance Company Near Monmouth County, NJ||Homeowners Insurance Agency Near Monmouth County, NJ||Address|
|State Farm||Ana Perez-Vukovic||444 Hempstead Tpke, W Hempstead, NY, 11552-1353|
|Liberty Mutual Independent||Danskin Ins Agcy Inc||1937 STATE ROUTE 35, WALL TOWNSHIP, NJ, 7719|
|Travelers||Gilsenan And Company Llp||213 E RIDGEWOOD AVE, RIDGEWOOD, NJ, 7450|
|Travelers||Multi-Line Insurance Agency Inc||800 YONKERS AVE, YONKERS, NY, 10704|
|State Farm||Pete Masterson||174 Hillside Ave Ste 3, Williston Pk, NY, 11596-1702|
|Streets in Monmouth County Area||Homeowners Insurance Cost|
|Ferris Pl, River Ave, Crystal Pl, Fairfield Ave, Lee Ct, Doral Way, Roosevelt Cir W, Webster Dr, Jesse Dr, Rogers St||$856|
|Arbor Dr, Marion Ct, Heyers Mill Rd, Prodeline Way, Co Rd 539, S Woodland Dr, Sharon Ln, Shetland Ave, Mercury St, Harvard Oval||$934|
|Pittsfield Rd, Brixton Pl, Salinger Ct, Mercer Ave, Church Ln, Majestic Dr, Fairview Rd, Sandalwood Dr, Chatham Ave, N Lake Dr||$872|
|Regina Dr, Escher Dr, Windswept Ln, Woodville Rd, Bow Ave, Roberta Dr, Queens Dr S, Arnold Blvd, Indian Trl, Hoover Rd||$850|
|Wright Ln, Kinnoll Hill Ct, Oak Knoll Dr, Victoria Pl, Crowhill Ln, Wolcott Ct, Stage Coach Dr, Wyckoff Mills Rd, Eatontown Blvd, Bayview St||$908|
|Jean Ter, Ellsworth St, Co Rd 27, Briarwood Ct, Buckley Rd, Amboy Rd, Eatoncrest Dr, Castlehill Dr, Wardell Cir, Riverside Dr||$906|
|Osborn Ave, Queen Ann Dr, Elmwood Ct, E Church St, Okros Rd, Moore Rd, Wyandotte Ave, Hemlock Ct, Bingham Ave, Emory St||$894|
|Flintlock Rd, Alpine Trl, Palmer Rd, Bar Harbor Rd S, Morningside Ave, Maplewood Dr, Reids Hill Rd, Delmonte Ln, Hidden Ark Rd, Hidden Brook Rd||$865|
|Calder Ct, Linda Ln, Catherine Ave, Stockwell Ln, Forest St, Mill Ln, Joda Rd, Philips Ave, Bowen Ct, Sharon Dr||$909|
|Totem Rd, Mendon Dr, 11th St, Shady Ln, Dennis St, Birch Blvd, Beechwood Ct, Parker Rd, Heritage Ct, Spyglass Hill Ct||$913|
|Place||Savings For Senior Occupied Homes|
|Monmouth County||$131 to $133|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Colts Neck township, Monmouth County, New Jersey||$125||$166||$249|
|Tinton Falls borough, New Jersey||$107||$143||$214|
|Lincroft CDP, New Jersey||$117||$155||$233|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Monmouth County, NJ||2.7%||7.3%|
|Monmouth County Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|Less than $200||690||1.0%||$320|
|$200 to $299||1,856||3.0%||$770|
|$300 to $499||2,293||4.0%||$1220|
|$500 to $749||3,189||5.0%||$1895|
|$750 to $999||8,340||15.0%||$2645|
|$1,000 to $1,499||22,625||41.0%||$3770|
|$1,500 or more||15,489||28.0%||$5420|