Monroe Insurance Rates:

Monroe, NJ homeowners insurance is nearly $729 to $991, about $60-$82/month. Our complete research shows customers can save as much as $343 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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A Guide to Homeowners Insurance in Monroe, NJ

If you live in Monroe, NJ, you are likely aware of the importance of having adequate homeowners insurance. Homeowners insurance is designed to provide financial protection against damage or loss to your house, other structures on your property, and your personal belongings. It can also provide liability coverage to protect you from legal claims brought against you or your family if someone is injured on your property.

The average cost of homeowners insurance in  Monroe, NJ, is $1154. In Monroe, New Jersey, having affordable homeowner's insurance is crucial for safeguarding your house and possessions. Homeowners insurance comes in a wide variety of forms, and it's crucial to pick the one that best suits your needs. Before purchasing a policy, it is essential to search about and compare rates for homeowners' insurance because it may be very expensive. Here are some suggestions to assist you in finding affordable homeowners insurance in Monroe, New Jersey, while lowering your insurance costs.

By Choosing a Higher Deductible

One of the most excellent methods to reduce the cost of your homeowner's insurance in Monroe, New Jersey, is to select a higher deductible. You'll be able to reduce your premium while keeping a high level of coverage by doing this. Of course, if you need to file a claim, you'll need to make sure you have enough cash on hand to pay the deductible. However, if you're okay with that, increasing your deductible on your Monroe homeowner's insurance is a wonderful method to cut costs. For deductibles of 500 and 1500, Monroe, New Jersey, homeowners pay premiums of $793.36 and $675.64, respectively. Homeowners with deductibles of 2000 and 2500 each pay $613.33 and $576.55, respectively. Therefore, in Monroe, New Jersey, the higher the deductible, the lower the premium. If you're looking for ways to reduce the price of your homeowner's insurance, consider choosing a higher deductible.

By Installing Security Features

Installing security features is an effective way to reduce the cost of your homeowners insurance in Monroe, New Jersey, because it lowers the chances of a claim being filed. Security features such as alarm systems, motion-activated lights, and surveillance cameras are all great ways to deter burglars and other criminals from targeting your home. These features also provide a layer of protection that could prevent a claim from being filed during a break-in and help you qualify for discounts on your homeowners insurance. Many insurance companies offer discounts for homes that have certain security features installed. These discounts can be significant, so it’s worth checking with your insurer to see if you qualify. In  Monroe, New Jersey, homeowners who add security features like sprinkler systems and fire alarms pay $1027 and $1096 on their house insurance.

By Maintaining a Zero Claims History

One of the best strategies to lower your homeowners insurance in Monroe, NJ, is to keep a spotless claims record. Insurance firms frequently give customers without a history of claims discounts. This is due to the fact that insurance companies consider these clients to be less risky. As a result, maintaining a claim-free history may qualify you for a homeowner's insurance discount. For example, in Monroe, New Jersey homeowners who have never made a claim must pay a premium of $992. If a homeowner in Monroe, New Jersey, makes one or two claims, they must pay an insurance premium of between $1223 and $1315.

Monroe, NJ Homeowners Insurance By Home Value

Monroe, NJ Home Value Total Homes % of Total Average Monroe, NJ Homeowners Insurance
Less than $50,000 370 3.0% $60
$70,000 to $79,999 239 2.0% $188
$80,000 to $89,999 229 2.0% $214
$90,000 to $99,999 226 2.0% $240
$100,000 to $124,999 745 7.0% $274
$125,000 to $149,999 795 8.0% $343
$150,000 to $174,999 941 9.0% $412
$175,000 to $199,999 669 7.0% $472
$200,000 to $249,999 1,245 13.0% $566
$250,000 to $299,999 1,014 10.0% $695
$300,000 to $399,999 2,907 30.0% $884

Top Home Insurance Agents Near Monroe, NJ

Home Insurance Company Near Monroe, NJ Homeowners Insurance Agency Near Monroe, NJ Address
NA Gunn, Steers & Company, Llc 30 East 39Th Street 30 East 39Th Street New York, NYC, NY, 10016
NA Unilite Insurance Agency, Inc. 1983 Marcus Ave Ste 135 Lake Success, New Hyde Park, NY, 11042
Travelers A P Orleans Risk Management Llc 1819 JFK BLVD STE 360, PHILADELPHIA, PA, 19103
Travelers Haddon Agency Llc 323 HADDON AVE, HADDON TWP, NJ, 8108
Travelers Premier Group Insurance Llc 106 CENTRAL AVE, CHELTENHAM, PA, 19012

Monroe, NJ Home Insurance Agents for Top Companies

Cost Of Homeowners Insurance By Street Near Monroe, NJ

Streets in Monroe Area Homeowners Insurance Cost
Possum Plz, Brandon Ave, James Monroe Dr, Grano St, Pergola Ave, Adler Plz, Duranta Pl, Drake Ave, Union Val Gravl Hill Rd, Harbor Ct$915
Hoffman Rd, Kerria Plz, Gertlers Rd, Ruben Ct, Cedar Brook Rd, Martin Van Buren Dr, Yarborough Way N, Revere Way, Dogwood Plz, Carter Dr$821
Halifax Dr, Waterford Ct, Yorkshire Dr, Millwood Ct, Lawrence Ct, Lorali Way, Monterey Ct, Cedar Brook Rd, Rustic Ct, Wilton Pl$846
Mimosa Plz, Cobblestone Blvd, Dipierro Rd, Elisa Dr, Murano Rd, Avalon Rd, Lori St, Woodmere Dr, Davison Rd, Ashley Ct$907
Genista Plz, Lettau Dr, Co Rd 698, Ave G, Umberland Pl, Biscayne Way, Dawson Ln, Sycamore Ct, Budapest St, Garvey Dr$916

Monroe, NJ Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Monroe$128 to $131

Monroe, 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
Concordia CDP, New Jersey $122 $162 $243
Whittingham CDP, New Jersey $127 $169 $254
Clearbrook Park CDP, New Jersey $121 $161 $242

Monroe, 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
Monroe, NJ2.7%7.5%
Clearbrook Park4.38%7.51%

Monroe Renters Insurance as a Percentage of Rent

Monroe Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$300 to $499 12 1.0% $1229
$500 to $749 92 10.0% $1904
$750 to $999 53 5.0% $2654
$1,000 to $1,499 291 31.0% $3779
$1,500 or more 472 51.0% $5429

Monroe, NJ Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Yearly Monroe Homeowner Insurance Premium Example $1,900$1,500
Out of Pocket Expense During Claim$1,600$3,600
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $14,900$14,100
Net Savings to Monroe Home Owner from High Deductible Plan $800

Monroe, NJ Home Insurance Costs With Home Replacement Value Scenarios

Scenario Monroe, NJ Home Replacement Value MORE than Home Value Monroe, NJ Home Replacement Value LESS than Home Value
Replacement Value $581,000 $380,000
Insurance Premium based on Replacement Value $3,475 $2,275
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $148,000 Risk Exposure from Under Insuring Coverage is $53,000
Premium Impact Insurance cheaper by $300/year Insurance costlier by $900/year

Example Monroe Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company AllstateNationwide InsuranceGEICO Insurance
Monthly Premium 11975156
Year Built 198320141994
Home Details 3 Beds, 1 Baths4 Beds, 2 Baths5 Beds, 2 Baths
Coverage Amount $250000-$300000$200000-$250000$400000-$500000
Deductible $1000-$2500 Deductible$500 Deductible$500- $1000 Deductible

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

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1972 530,000 Membrane Roof 3,500 5 $2500-$5000 Deductible 1110 7 Stone Siding yes
1976 355,000 Membrane Roof 2,180 3 $500- $1000 Deductible 580 4 Wood siding yes
1993 645,000 Shingles Roof 3,970 5 $5000 to $10,000 Deductible 330 2 Vinyl siding No
2005 625,000 Metal Roof 3,210 4 $2500-$5000 Deductible 1120 7 Vinyl siding yes
1985 290,000 Slate Shingles Roof 2,120 4 $500 Deductible 1370 12 Vinyl siding yes
1992 420,000 Wood Shake Roof 2,260 4 $2500-$5000 Deductible 1900 12 Stucco siding No
1985 360,000 Asphalt Shingles Roof 2,650 4 $500 Deductible 1760 10 Stucco siding yes
1977 275,000 Composition Roof 1,940 4 $1000-$2500 Deductible 360 4 Brick siding No
2012 755,000 Wood Shake Roof 4,020 5 $5000 to $10,000 Deductible 160 1 Stone Siding No
2004 410,000 Wood Shake Roof 2,000 3 $5000 to $10,000 Deductible 550 7 Fiber-Cement Siding No
2012 520,000 Membrane Roof 2,790 5 $500- $1000 Deductible 340 2 Fiber-Cement Siding No
2012 260,000 Slate Shingles Roof 1,730 3 $2500-$5000 Deductible 300 4 Stucco siding No
1979 325,000 Tile Roof 1,960 5 $500- $1000 Deductible 1150 8 Fiber-Cement Siding No
2012 300,000 Asphalt Shingles Roof 1,820 5 > $10,000 Deductible 520 6 Fiber-Cement Siding yes
1970 250,000 Composition Roof 1,650 3 $5000 to $10,000 Deductible 500 8 Stucco siding No
2011 245,000 Wood Shake Roof 1,710 4 $5000 to $10,000 Deductible 470 9 Brick siding No
2004 675,000 Slate Shingles Roof 3,340 5 $2500-$5000 Deductible 940 4 Brick siding yes
2000 415,000 Shingles Roof 2,320 3 $1000-$2500 Deductible 1090 8 Fiber-Cement Siding No
1986 275,000 Shingles Roof 1,660 3 > $10,000 Deductible 220 4 Brick siding yes
1991 670,000 Wood Shake Roof 4,910 5 $1000-$2500 Deductible 390 2 Wood siding No
1977 465,000 Wood Shake Roof 3,400 4 $500 Deductible 820 4 Stone Siding No
2001 345,000 Tile Roof 1,970 3 $1000-$2500 Deductible 640 5 Stone Siding yes
1979 820,000 Tile Roof 4,950 5 > $10,000 Deductible 1260 6 Stone Siding yes
1992 335,000 Wood Shake Roof 2,150 3 > $10,000 Deductible 400 5 Stone Siding No
2002 755,000 Shingles Roof 4,250 5 $500- $1000 Deductible 2460 7 Fiber-Cement Siding yes
1983 240,000 Composition Roof 1,200 3 $1000-$2500 Deductible 570 7 Wood siding No
1970 345,000 Composition Roof 2,030 3 $500- $1000 Deductible 1790 12 Stucco siding yes
1975 565,000 Composition Roof 3,870 5 $2500-$5000 Deductible 1340 8 Wood siding No
1980 335,000 Slate Shingles Roof 2,260 3 $5000 to $10,000 Deductible 420 5 Stone Siding No
1986 490,000 Asphalt Shingles Roof 2,990 4 $5000 to $10,000 Deductible 360 3 Stone Siding yes
1974 360,000 Metal Roof 1,890 4 $500- $1000 Deductible 1140 8 Wood siding No
1999 880,000 Membrane Roof 4,910 5 $5000 to $10,000 Deductible 230 1 Stone Siding yes
2004 430,000 Wood Shake Roof 2,710 4 $5000 to $10,000 Deductible 620 7 Wood siding yes
1979 260,000 Metal Roof 1,500 3 $5000 to $10,000 Deductible 140 3 Brick siding yes

Latest Home Insurance Reviews

Esurance provides coverage that goes above and beyond what typical homeowners insurance policies cover for their base coverage package. other insurance providers charge extra for many of the areas of coverage that esurance includes for one low premium.
New Jersey Manufacturers Insurance Company
I think that good home insurance should not be skimped out on. Even though it is not incredibly cheap, for what you get out of it, this company does a fine job.
I recommend this company for home insurance because I find the premium affordable.many have commented on how inexpensive my home insurance is for an entire year on the home I own.
Liberty Mutual
The customer service is amazing. Every time I call I get to speak to an actual human being. The company is always there to help me if I have questions. They are also conveniently located to my house so it is easy to go.
I do considerable research into comparing premium and deductible rates of insurance companies, and I found All State's offerings the best value for my needs. I rather have a higher deductible than higher premiums.
The policy Allstate offer for the price is great. You cannot beat what you get anywhere else. Give it a try.
compared to other insurance company ,Allstate offers best premium and discounts
Along with the number of offerings they have, I have found them to be very competitive when it comes to premiums and deductibles, I usually do a yearly check of rates and they always seem to be very competitive, if not the most competitive.
I like how inexpensive that they are compared to the market. they are one of the best companies for their cost.
Aaa has been a reliable insurance company for my home insurance. they have great customer service at my local office in truckee, ca.
The Hartford
I have only talked to them once when I bought the policies, but she was extremely helpful and worked with me to get the best coverage at a cost that was acceptable to me. She made sure I understood all of the features of the policy.
State Farm
I haven't done much shopping around since I got my insurance, but I would guess it is in line or cheaper due to me bundling with my auto insurance
The company has a decent deductable and is quite good with customer service, which i am very fortunate to have. i give this company a rate of 4 out of 5 stars
Farmer's Insurance
They have a good reputation, so you don't feel like you're getting a sub-quality company. They were quick and efficient when we filed our claim.
The few questions I did have I had to email the company and they took a few days to get back to me. I didn't like to have to wait but the entire process was easy.
State Farm
I would recommend State Farm for home insurance because they have excellent customer service, reasonable prices and when a claim occurs, they send out people quickly to assess the damage and cut a check.
Liberty Mutual
Our home insurance coverage is better and cheaper than most other insurance providers. Plus we still get our premium back if we don't file a claim in a year.
New Jersey Manufacturers Insurance Company
I would recommend them for insurance I like that I get to work with one person from start to finish. I like that almost everything is covered for a reasonable price.

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