Newark Insurance Rates:

Newark, NJ homeowners insurance is approximately $711 to $964, about $59-$80/month. Our thorough guide indicates shoppers can save upto $334 by comparing multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

Foremost Insurance
The people who work for the insurance company are very nice. they also just processed a claim for us very quickly and are just a wonderful company.
Progressive
I felt like it was a little rude when they told me they would be terminating my insurance with them after they paid out a large claim when my house was robbed.
Allstate
Always available to answer any questions and issues that you may have. they do get back to you to answer your concerns and explanations.

Newark, NJ Homeowners Insurance By Home Value

Newark, NJ Home Value Total Homes % of Total Average Newark, NJ Homeowners Insurance
Less than $50,000 557 3.0% $75
$70,000 to $79,999 201 1.0% $234
$80,000 to $89,999 202 1.0% $267
$90,000 to $99,999 203 1.0% $292
$100,000 to $124,999 948 5.0% $343
$125,000 to $149,999 886 4.0% $435
$150,000 to $174,999 1,822 9.0% $510
$175,000 to $199,999 1,693 9.0% $585
$200,000 to $249,999 3,120 17.0% $711
$250,000 to $299,999 3,874 21.0% $870
$300,000 to $399,999 4,680 25.0% $1104

Top Home Insurance Agents Near Newark, NJ

Home Insurance Company Near Newark, NJ Homeowners Insurance Agency Near Newark, NJ Address
Liberty Mutual Ralph Bottone 9030 Metropolitan Ave. Ste 200, Rego Park, NY, 11374
State Farm Robert Larson 7922 Jamaica Ave, Woodhaven, NY, 11421-1801
State Farm Scott West 615 South Livingston Avenue, Livingston, NJ, 07039-0556
Travelers Derosa Rockefeller Sohigian & Werdal Inc 47 Halstead Avenue Suite 208, Harrison, NY, 10528
Travelers General Marine Inc 1325 SIXTH AVE STE 2800, NEW YORK, NY, 10019

Cost Of Homeowners Insurance By Street Near Newark, NJ

Streets in Newark Area Homeowners Insurance Cost
Federal Sq, Crawford St, Garden St, Abington Ave W, Nursery St, Rowley St, Komorn St, Evergreen Ln, Clara Maass Dr, Treadwell St$853
Nichols St, Brenner St, Clipper St, W Alpine St, Eckert Ave, 19th Ave, Esther St, Vanderpool St, Frelinghuysen Ave, Hazelwood Ave$832
Waydell St, Clifton St, Distribution St, Van Wagenen St, N 14th St, Mount Prospect Pl, Downing St, Margaretta St, Wicker Ct, Tuxedo Pkwy$855
Beaman Plz, Longworth St, Catherine St, Hanover St, Seymour Ave, Boston Ct, Tichener Ln, Ashby Ln, W Grove Ter, Elliott St$865
Seabury Ct, Hamilton St, Mulberry St, Mitchell Pl, Eagles St, Kerrigan Blvd, Cutler St, Bruen St, Boyden St, Treacy Ave$875

Newark, NJ Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Newark$125 to $127
Harrison$128
Irvington$124
Kearny$129

Newark, 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
Harrison town, New Jersey $128 $171 $257
East Newark borough, New Jersey $128 $171 $257
Irvington township, Essex County, New Jersey $124 $165 $248

Newark, 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
Newark, NJ3.1%8.2%
Harrison2.58%7.91%
East Newark3.19%7.59%
Irvington3.01%8.1%

Newark Renters Insurance as a Percentage of Rent

Newark Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 3,088 4.0% $339
$200 to $299 4,744 6.0% $789
$300 to $499 4,714 6.0% $1239
$500 to $749 8,431 12.0% $1914
$750 to $999 16,986 24.0% $2664
$1,000 to $1,499 23,764 34.0% $3789
$1,500 or more 7,795 11.0% $5439

Newark, NJ Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$900$1,900
Yearly Newark Homeowner Insurance Premium Example $1,200$1,000
Out of Pocket Expense During Claim$900$1,900
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $10,500$9,900
Net Savings to Newark Home Owner from High Deductible Plan $600

Newark, NJ Home Insurance Costs With Home Replacement Value Scenarios

Scenario Newark, NJ Home Replacement Value MORE than Home Value Newark, NJ Home Replacement Value LESS than Home Value
Replacement Value $357,000 $242,000
Insurance Premium based on Replacement Value $2,075 $1,400
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $46,000 Risk Exposure from Under Insuring Coverage is $69,000
Premium Impact Insurance cheaper by $400/year Insurance costlier by $275/year

Example Newark Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company State FarmGEICO InsuranceChubb Group of Insurance
Monthly Premium 416889
Year Built 201119881958
Home Details 2 Beds, 1 Baths3 Beds, 2 Baths4 Beds, 2 Baths
Coverage Amount $100000-$125000$200000-$250000$300000-$350000
Deductible $500 Deductible$5000 to $10,000 Deductible$2500-$5000 Deductible

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

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1978 225,000 Shingles Roof 1,870 3 $2500-$5000 Deductible 620 9 Fiber-Cement Siding yes
1986 215,000 Slate Shingles Roof 1,400 2 $2500-$5000 Deductible 770 12 Wood siding yes
1957 255,000 Asphalt Shingles Roof 1,720 2 > $10,000 Deductible 300 5 Wood siding No
1985 400,000 Shingles Roof 2,560 4 > $10,000 Deductible 250 3 Fiber-Cement Siding yes
1972 270,000 Slate Shingles Roof 2,320 3 $500- $1000 Deductible 780 8 Stucco siding No
1971 190,000 Tile Roof 1,210 2 $5000 to $10,000 Deductible 450 8 Brick siding No
2014 215,000 Metal Roof 1,650 3 $5000 to $10,000 Deductible 160 3 Vinyl siding yes
1972 450,000 Membrane Roof 3,300 4 $500- $1000 Deductible 950 6 Stucco siding yes
1959 70,000 Wood Shake Roof 748 1 > $10,000 Deductible 260 7 Stone Siding No