How To Make Your Newark, NJ Home Insurance Cheaper
Newark, NJ, homeowners insurance is about $899. V Home Insurance detailed analysis provides guidance to shoppers by choosing the right insurance provider for factors such as home value, coverage, and deductible. Enter your Zip Code below and click “GO” to get multiple free quotes.
Comparison of Newark, NJ Home Insurance Rates with the Essex County Average
| Place | Essex County Average: $1,500.0 | $ Difference vs coutny Average | % Difference vs coutny Average | Population | Estimated Value of a Home ($) |
|---|---|---|---|---|---|
| Newark, NJ | $899.0 | -601.0 | -0.40 | 276,478 | 222,800 |
Cost of Newark, NJ Homeowners Insurance by Home Value and Household Income
| Nearby Places | Median Home value ($) | Median Household Income ($) | Premium Range |
|---|---|---|---|
| Ridgefield | 447,300 | 32,032 | $1,479 |
| Perth Amboy | 246,700 | 7,514 | $942 |
| Metuchen | 407,800 | 13,309 | $1,319 |
| South River | 289,300 | 11,912 | $1,018 |
Homeowners Insurance Comparison for the Cheapest Premiums in Newark, NJ
| Encompass Insurance | Universal Property & Casualty Insurance Company | Westfield Insurance | |
| Median Home Value ($) | 222,800 | 222,800 | 222,800 |
| Age of Home | Newly Constructed Home | Year 40 Old | Year 50 Old |
| Home Coverage ($) | $300,000 -$399,999 | $500,000 -$749,999 | $1000,000 -$1499,999 |
| Total Premium ($) | $1,301.4 | $3,027.1 | $4,050.8 |
Cost of Newark, NJ Home insurance Premium for Different Deductibles
| Company | Deductible ($) | Coverage value | Insurance premium ($) |
|---|---|---|---|
| Progressive | 500 | $300,000-$399,999 | 1,598.0 |
| New Jersey Manufacturers Insurance Company | 1500 | $1000,000-$1499,999 | 2,874.7 |
| Esurance | 2500 | $750,000-$999,999 | 2,135.6 |
| Horace Mann Educators Corporation | 2000 | $300,000-$399,999 | 1,350.9 |
| Encompass Insurance | 1500 | $200,000-$249,999 | 762.6 |
| Westfield Insurance | 500 | $1500,000-$2000,000 | 3,402.0 |
| Safeco Insurance | 1500 | $400,000-$499,999 | 1,763.6 |
| Nationwide | 2500 | $100,000-$124,999 | 337.4 |
| American National Property and Casualty Company | 2000 | $1500,000-$2000,000 | 2,875.9 |
| Allstate | 1500 | $150,000-$174,999 | 469.5 |