Monroe, NJ Home Insurance - Analysis On Quotes, Rates & Agents
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.
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
| Place | Savings For Senior Occupied Homes |
|---|---|
| Monroe | $128 to $131 |
| Concordia | $121 |
| Whittingham | $127 |
| Rossmoor | $118 |
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
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Monroe, NJ | 2.7% | 7.5% |
| Concordia | 3.86% | 7.54% |
| Whittingham | 4.08% | 7.06% |
| Clearbrook Park | 4.38% | 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 Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,600 | $3,600 |
| 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 | Allstate | Nationwide Insurance | GEICO Insurance |
| Monthly Premium | 119 | 75 | 156 |
| Year Built | 1983 | 2014 | 1994 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 2 Baths | 5 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
EsuranceEsurance 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 CompanyI 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.
AllstateI 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 MutualThe 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.
AllstateI 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.
AllstateThe policy Allstate offer for the price is great. You cannot beat what you get anywhere else. Give it a try.
Allstatecompared to other insurance company ,Allstate offers best premium and discounts
AaaAlong 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.
GeicoI like how inexpensive that they are compared to the market. they are one of the best companies for their cost.
AaaAaa has been a reliable insurance company for my home insurance. they have great customer service at my local office in truckee, ca.
The HartfordI 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 FarmI 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
AllstateThe 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 InsuranceThey 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.
NationwideThe 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 FarmI 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 MutualOur 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 CompanyI 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.