"New Jersey homeowners continue to pay relatively low insurance costs compared with national averages, despite being a coastal state exposed to storms and flooding. While premiums are rising across the U.S., particularly in Gulf Coast states, new data from the U.S. Census Bureau and the Realtor.com® 2025 Climate Risk Report show that New Jersey remains one of the more affordable insurance markets in the Northeast."
"According to the American Community Survey (ACS) data from the U.S. Census Bureau , New Jersey homeowners with a mortgage typically pay $1,000-$1,499 annually for homeowners insurance, while those without a mortgage average the same $1,000-$1,499. New Jersey has 2,625,718 insured homeowner households in total-1,739,320 with a mortgage and 886,398 without. Among mortgaged owners, 139,567 pay less than $100 annually and 97,786 pay $4,000 or more. Among those without a mortgage, 148,054 pay less than $100 and 37,247 pay $4,000 or more."
Homeowners with and without mortgages in New Jersey typically pay $1,000–$1,499 annually for homeowners insurance. Total insured homeowner households number 2,625,718, with 1,739,320 holding mortgages and 886,398 without. Among mortgaged owners, 139,567 pay less than $100 annually and 97,786 pay $4,000 or more. Among homeowners without mortgages, 148,054 pay less than $100 and 37,247 pay $4,000 or more. Premiums are rising across the U.S., particularly in Gulf Coast states. New Jersey remains a comparatively affordable insurance market in the Northeast despite coastal storm and flood exposure.
Read at SFGATE
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