How to Shop and Save Money on New Jersey Homeowners Insurance
Find the best and cheapest homeowners insurance in New Jersey.
Shopping for homeowners insurance can be daunting. Not only are there a lot of insurance providers out there, but you also need to know details about your home’s construction and the value of your belongings in order to get an accurate quote.
New Jersey homeowners insurance is generally pretty affordable, compared to the national average. However, rates can vary, sometimes dramatically, from one insurer to the next. In this article, we will explore tips for securing the best homeowners insurance in New Jersey for your situation, including how to shop for home insurance, the top three home insurance companies in New Jersey according to customers on Clearsurance, and the top 3 New Jersey home insurance companies based on customer price ratings.
How to shop for home insurance in New Jersey
Shopping for home insurance in New Jersey takes time, but it’s worth the effort if you want to get the right coverage and save money.
Here are a few things to keep in mind before you start your research:
- Pricing is important to all homeowners. No one wants to pay high prices. However, price isn’t the only factor to consider. You should make certain that all of your belongings have sufficient coverage in the event of a loss.
- Comparing quotes is essential. While insurers do use many of the same pieces of information to determine premiums, prices can vary widely from one insurer to the next because they weigh these various factors differently.
- Reading reviews will give you insight into factors that you might not have considered important, such as the ability to get an agent on the phone if you need one, or the level of customer service that you can expect. Reading reviews of insurance companies on Clearsurance.com can help you better understand, for example, if the company is reputable or if it provides helpful customer service.
Using Clearsurance.com, it’s easier than ever to find reviews and research insurance companies. With that in mind, here are some tips for finding the right New Jersey home insurance at a good price.
Get quotes from multiple companies.
Comparing rates from different providers is the best way to find the New Jersey home insurance that is right for you. Visit the New Jersey homeowners insurance page on Clearsurance.com to see the top-rated companies in New Jersey that offer quotes online.
Research your coverage options, and make sure that you’re covered.
Many homeowners have discovered the hard way that flooding isn’t covered by their homeowners insurance policy. If you live near water, look into whether you might need flood insurance coverage.
See if bundling is an option.
One way to save money on your homeowners insurance policy is to group, or “bundle,” several of your insurance policies (such as home and auto) with one insurance company. For example, you may be able to bundle your car insurance and home insurance to receive a discount. Check to see if your company offers a bundling discount and see if it’s the best and cheapest option for you.
The top 3 home insurance companies in New Jersey, according to customers on Clearsurance
Clearsurance has identified the three best New Jersey home insurance companies, according to customer reviews as of July 2020.
Below are the best companies for homeowners insurance in New Jersey that offer quotes on Clearsurance.com, as rated by customers. This includes an analysis of common trends found in reviews of what customers tend to like and don’t like about the companies.
Please note: In order to qualify for the list, companies must sell homeowners insurance in New Jersey, have at least 25 homeowners insurance reviews, and they must be a Clearsurance.com subscriber and offer quotes on the site. For a complete and updated list of the top-rated companies in New Jersey, you can visit the New Jersey home insurance rankings page. On this page, you can get insurance recommendations based on your specific requirements and zip code.
1. Lemonade Insurance for New Jersey homeowners insurance
Lemonade’s customers speak very highly of the company, particularly its customer service and pricing (Lemonade Clearsurance profile). Lemonade earned a score of 4.84 out of 5.00 stars for home insurance. If you’re looking for New Jersey home insurance, reading some of the customer reviews may convince you to add Lemonade to your list to get a quote.
Pros: Customers on Clearsurance frequently mention Lemonade’s clear and transparent pricing and that they explain coverage well. They also praise Lemonade’s easy-to-use website and wide variety of coverage options.
Cons: The only “con” mentioned by customers is that Lemonade doesn’t reward loyal customers.
Lemonade policyholders tend to be satisfied with their Lemonade insurance experiences.
- 92% of Lemonade’s customers say they have plans to renew their policies
- 95% of customers say their claims experience was positive
- 94% of Lemonade’s customers say they’d recommend the insurance to a friend
In one Lemonade review on Clearsurance, a New Jersey home insurance policyholder recommends Lemonade’s claim service. They state, “Submitting a claim was a piece of cake. I was able to do everything through my phone and they accepted my documents directly via email. Payment was prompt and easy as well, they asked my banking details on the app so funds can be quickly wired to me. Once my claim was approved, I received my funds within 24 hours.”
2. Esurance for New Jersey homeowners insurance
Esurance (Esurance profile on Clearsurance) is widely available in many states and customers on Clearsurance rate the carrier highly. With a score of 4.34 out of 5.00 stars for home insurance, Esurance is the second-highest rated New Jersey homeowners insurance company that offers quotes through Clearsurance. You can get an Esurance quote online.
Pros: Customers mention a number of pros, including Esurance’s flexible billing and they also receive praise for having an easy-to-use website. Esurance receives positive feedback for its clear explanation of coverage and wide variety of coverage offerings.
Cons: The one frequently mentioned negative by customers about Esurance is that it doesn’t reward loyal customers. An analysis of customer reviews turns up solidly positive data for Esurance.
- 74% of Esurance customers are likely to renew their policies
- 77% of Esurance customers would recommend the insurance to a friend
- 75% of Esurance customers rated their claims experience positively
Among the many positive reviews from Esurance customers, this one mentions a great experience, saying, “Easy to use and great rates! We have our auto through them too. We are always impressed by how easy it is to understand and utilize.”
3. Allstate Insurance for New Jersey homeowners insurance
Allstate (Allstate profile on Clearsurance) is a well-known company that is available across the country, and the reviews provided on Clearsurance reflect a largely happy customer base. With a score of 3.99 out of 5.00 stars for homeowners insurance on Clearsurance.com, Allstate is the third-highest rated New Jersey homeowners insurance company that offers quotes through Clearsurance.com.
Pros: Customers on Clearsurance enjoy Allstate’s flexible billing options and transparent pricing. Other key positives include a wide range of coverage options and an easy-to-use website.
Cons: No “cons” were listed by customers in the analysis of reviews.
With lots of positive feedback, Allstate customers on Clearsurance rate the company highly.
- 80% of Allstate customers are likely to renew
- 78% of Allstate customers would recommend the insurance to a friend
- 77% of Allstate customers rate their claims experience positively
Allstate has received many positive reviews on Clearsurance.com from policyholders. One New Jersey customer praised experience in the following review: “The rates were really good. Teams were very knowledgeable about the process and getting the best rate for me.”
The top 3 New Jersey home insurance companies based on customer price rating
Although there are many aspects to consider when shopping for New Jersey home insurance, price is one of the most important factors. Clearsurance analyzed New Jersey companies and how customers rated the company for the price of their policy.
Below you can find the top three New Jersey home insurance companies rated by customers for their perceptions of price.
Please note: for this ranking, we looked at all homeowners insurance companies in New Jersey that had at least 25 reviews that included a rating on price. The ratings displayed are shown out of a 5-star scale.
- NJM Insurance Group (NJM profile on Clearsurance): price rating of 4.40
- GEICO (GEICO profile on Clearsurance): price rating of 3.96
- Allstate (Allstate profile on Clearsurance): price rating of 3.85
Finding the right homeowners insurance policy can take time, but it’s also a very important task. You want to make certain that you have the right coverage in case you ever need to make a claim, but at the best and cheapest price. Visit Clearsurance’s New Jersey home insurance rankings page to start shopping from the highest-rated companies, based on customer reviews.