Somerset Insurance Rates:

Somerset, NJ homeowners insurance is roughly $726 to $985, about $60-$82/month. Our complete guide reveals consumers can save as much as $342 by getting many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

State Farm
I would recommend State Farm because they are a very affordable option with competitive policy offerings. Their customer service was also great.
State Farm
I recommend my insurance company because they deal with claims quickly and promptly. They have never turned any of my claims down. And the price is unmatched for me by any other company.
Farmer's Insurance
I like farmers insurance because it is in a great location and the hours of operation are convenient for me.
State Farm
I do not like how ridged state farm is about speaking with your specific representative. when i have called in the past to ask a question, they will only allow my specific representative to answer questions.
Allstate
I am very satisfied with how helpful my insurance agency is. they are very helpful when i call in with a question and always have a quick response.
State Farm
There are cheaper options, but state farm is a stable insurance company, I have had good experience with them on my auto policy, and is worth the small extra cost.
Farmer's Insurance
All communication with the company has been through our local agent, and interacting with our local agent has been a uniformly positive experience.
Travelers
They are a part of a large national well-respected insurance company, so I feel secure with the assets of the company. I have never heard a negative comment about the company. What I like about the company, I feel secure with their company, and I have had great service from the local people. Plus, better coverage for less money compared to some other policies available with other companies.
State Farm
My insurance company is good for what is offered in the area, because other companies are either too large and do not have rural locations near me, or small companies do not have the resources to offer coverage for large claims such as houses and businesses
New Jersey Manufacturers Insurance Company
Nothing bad to say about this company because it actually provides good customer service I find myself very satisfied with the service they provide me

Somerset, NJ Homeowners Insurance By Home Value

Somerset, NJ Home Value Total Homes % of Total Average Somerset, NJ Homeowners Insurance
$125,000 to $149,999 136 2.0% $359
$150,000 to $174,999 115 2.0% $427
$175,000 to $199,999 120 2.0% $495
$200,000 to $249,999 816 14.0% $589
$250,000 to $299,999 1,559 28.0% $726
$300,000 to $399,999 2,637 48.0% $923

Top Home Insurance Agents Near Somerset, NJ

Home Insurance Company Near Somerset, NJ Homeowners Insurance Agency Near Somerset, NJ Address
Travelers Buck Consultants Llc 485 LEXINGTON AVE 10TH FL, NEW YORK, NY, 10017
State Farm Chuck Pellegrini 546 E Broad St, Souderton, PA, 18964-1216
Liberty Mutual Independent Hekemian & Co. Inc. 505 Main St, HACKENSACK, NJ, 7601
State Farm Laura Browne 17651 Union Tpke, Flushing, NY, 11366-1515
NA Chanler Agency Inc 128 Main Street 35 Main Street Livonia Ny 14487 Geneseo, NYC, NY, 14454

Cost Of Homeowners Insurance By Street Near Somerset, NJ

Streets in Somerset Area Homeowners Insurance Cost
Westlake Ct, Evans Ct, Resnik Ct, Avery Ct, Azalea Ln, Lexington Rd, Winthrop Rd, Richmond Dr, Lafayette Ave, Sussex Ct$861
Terry Ter, Chatsworth Dr, St Ralph St, Leupp Ln, Belmar St, Hawkshead Way, Liberty Ln, Buckingham Way, Hollywood Ave, Tall Oaks Rd$864
Rue Cezanne, Emerald Pl, Woodlawn Rd, Haven Way, Hadler Dr, Waldorf St, Johnson Rd, Colony Ct, Viscaya Ct, Winslow Ave$863
Picasso Ct, Vernon Ave, Grandview Ave, Hazlitt Way, Fehervari Ct, Heinrich Rd, Landry Rd, Olcott St, Hyde Park Rd, Summerall Rd$859
Schindler Ct, Rue Chagall, Saint Giles Pl, Bridington Ln, S Middlebush Rd, Rodney Ave, Wisbech Pl, Fredrick St, French St, Runyon Ave$861

Somerset, NJ Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Somerset$127 to $130
Clyde$131
Middlebush$135
East Franklin$126

Somerset, 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
Clyde CDP, New Jersey $131 $175 $263
Middlebush CDP, New Jersey $135 $180 $270
East Franklin CDP, New Jersey $126 $168 $252

Somerset, 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
Somerset, NJ3.0%8.0%
Clyde3.3%7.3%
Middlebush2.06%7.52%
East Franklin3.16%8.12%

Somerset Renters Insurance as a Percentage of Rent

Somerset Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 69 3.0% $331
$300 to $499 133 7.0% $1231
$500 to $749 110 5.0% $1906
$750 to $999 92 4.0% $2656
$1,000 to $1,499 870 46.0% $3781
$1,500 or more 592 31.0% $5431

Somerset, NJ Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,800$2,800
Yearly Somerset Homeowner Insurance Premium Example $1,400$1,200
Out of Pocket Expense During Claim$1,800$2,800
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $13,000$12,400
Net Savings to Somerset Home Owner from High Deductible Plan $600

Somerset, NJ Home Insurance Costs With Home Replacement Value Scenarios

Scenario Somerset, NJ Home Replacement Value MORE than Home Value Somerset, NJ Home Replacement Value LESS than Home Value
Replacement Value $381,000 $268,000
Insurance Premium based on Replacement Value $2,275 $1,600
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $29,500 Risk Exposure from Under Insuring Coverage is $83,500
Premium Impact Insurance cheaper by $500/year Insurance costlier by $175/year

Example Somerset Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Farmers InsuranceAmica Mutual Insurance CompanyChubb Group of Insurance
Monthly Premium 1758345
Year Built 199219761981
Home Details 5 Beds, 4 Baths3 Beds, 1 Baths2 Beds, 1 Baths
Coverage Amount $500000-$600000$300000-$350000$250000-$300000
Deductible $5000 to $10,000 Deductible$2500-$5000 Deductible> $10,000 Deductible

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

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1981 395,000 Membrane Roof 2,130 3 $2500-$5000 Deductible 1550 12 Stucco siding No
1988 505,000 Membrane Roof 3,290 4 > $10,000 Deductible 340 3 Stone Siding yes
1998 450,000 Asphalt Shingles Roof 2,830 5 $1000-$2500 Deductible 590 4 Stucco siding No
1992 145,000 Asphalt Shingles Roof 1,070 2 $500 Deductible 460 9 Stone Siding No
1997 255,000 Composition Roof 1,540 2 $500 Deductible 720 7 Fiber-Cement Siding No
1984 405,000 Shingles Roof 2,860 5 $500- $1000 Deductible 900 5 Brick siding yes
1983 290,000 Wood Shake Roof 1,980 3 $500- $1000 Deductible 370 3 Brick siding yes
1975 160,000 Slate Shingles Roof 1,000 2 $5000 to $10,000 Deductible 220 5 Vinyl siding yes
1995 265,000 Tile Roof 1,700 2 $500- $1000 Deductible 1350 10 Vinyl siding yes
1970 275,000 Slate Shingles Roof 1,780 4 $500 Deductible 310 3 Wood siding yes
1980 400,000 Composition Roof 2,840 4 > $10,000 Deductible 180 2 Stucco siding yes
1978 455,000 Tile Roof 3,490 5 $5000 to $10,000 Deductible 890 6 Wood siding yes
1980 155,000 Metal Roof 1,120 2 $1000-$2500 Deductible 420 6 Fiber-Cement Siding yes
1972 380,000 Shingles Roof 1,950 4 $1000-$2500 Deductible 1310 9 Stucco siding yes
1970 520,000 Asphalt Shingles Roof 3,300 4 $1000-$2500 Deductible 780 4 Fiber-Cement Siding yes
1997 170,000 Wood Shake Roof 1,000 2 $2500-$5000 Deductible 510 9 Brick siding yes
1980 360,000 Wood Shake Roof 2,510 4 $500- $1000 Deductible 850 6 Wood siding No
1979 575,000 Slate Shingles Roof 3,040 5 $5000 to $10,000 Deductible 780 4 Fiber-Cement Siding yes
1970 460,000 Asphalt Shingles Roof 2,550 4 $5000 to $10,000 Deductible 1370 10 Vinyl siding yes
1986 320,000 Metal Roof 2,000 4 $1000-$2500 Deductible 630 6 Wood siding yes
1982 270,000 Membrane Roof 1,560 2 $500- $1000 Deductible 1520 12 Stone Siding No
1971 520,000 Tile Roof 3,100 4 $5000 to $10,000 Deductible 260 2 Stone Siding yes
1985 270,000 Membrane Roof 1,850 4 $500- $1000 Deductible 940 7 Stone Siding yes
1987 195,000 Wood Shake Roof 1,160 2 $5000 to $10,000 Deductible 290 5 Fiber-Cement Siding yes
1998 800,000 Wood Shake Roof 4,820 5 $2500-$5000 Deductible 1990 9 Wood siding yes
1987 880,000 Asphalt Shingles Roof 4,990 5 $5000 to $10,000 Deductible 2560 10 Stucco siding No
1984 200,000 Metal Roof 1,280 3 $2500-$5000 Deductible 950 12 Fiber-Cement Siding No
1997 825,000 Asphalt Shingles Roof 4,790 5 $500 Deductible 380 1 Stone Siding No
1998 265,000 Tile Roof 1,740 4 $500- $1000 Deductible 1510 12 Wood siding No
1976 365,000 Membrane Roof 2,120 4 $1000-$2500 Deductible 620 6 Stucco siding yes
1970 230,000 Asphalt Shingles Roof 1,630 2 $500 Deductible 740 7 Fiber-Cement Siding No
1974 440,000 Asphalt Shingles Roof 3,060 4 $500 Deductible 1830 10 Brick siding No
1976 820,000 Wood Shake Roof 4,280 5 $2500-$5000 Deductible 1340 6 Wood siding yes
1977 200,000 Metal Roof 1,090 2 $500 Deductible 350 4 Vinyl siding yes