Home insurance by countyNew Jersey

Home Insurance Costs by County in New Jersey (2024)

The average homeowners insurance premium in New Jersey was $2,104 per year in 2024, across 21 of 21 counties. Cumberland was the cheapest at $1,667, and Monmouth the most expensive at $2,883, based on mortgage-escrow data (Keys-Mulder, NBER Working Paper 32579).

Data updated 2024 - Source: Keys-Mulder escrow dataset (NBER WP 32579)

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$2,104

New Jersey county average (2024)

21 of 21

Counties with data

$2,883

Highest: Monmouth

$1,667

Lowest: Cumberland

New Jersey counties by home insurance cost

All 21 natively covered New Jersey counties, most expensive first (Escrow 2024). Click a column header to re-sort. “% of home value” is the annual premium divided by the county median home value.

New Jersey counties ranked by homeowners insurance premium
1Monmouth$2,883+38%0.37%
2Essex$2,543+22%0.38%
3Hudson$2,430+16%0.38%
4Bergen$2,415+16%0.31%
5Cape May$2,305+10%0.29%
6Mercer$2,187+5%0.48%
7Somerset$2,177+4%0.32%
8Passaic$2,169+4%0.36%
9Ocean$2,142+3%0.39%
10Union$2,127+2%0.33%
11Hunterdon$2,0880%0.32%
12Salem$2,017-3%0.66%
13Atlantic$2,011-4%0.52%
14Burlington$1,983-5%0.46%
15Middlesex$1,946-7%0.33%
16Camden$1,880-10%0.52%
17Morris$1,874-10%0.26%
18Sussex$1,830-12%0.40%
19Gloucester$1,810-13%0.46%
20Warren$1,710-18%0.40%
21Cumberland$1,667-20%0.60%
Download New Jersey county data (CSV)

Free to reuse with attribution (CC BY 4.0).

Methodology

Each county figure is the median annual homeowners insurance payment for owner-occupied homes with a mortgage escrow account, from data compiled by Benjamin Keys and Philip Mulder in NBER Working Paper 32579 (premiums through 2024). The New Jersey average is a simple mean of the covered counties.

Escrow data reflects mortgaged, owner-occupied homes, so a few counties can be absent, and we publish only counties with a natively measured value. For the full methodology and the national picture, see the national home insurance by county report.

Cite or reuse this data

This dataset is offered under a Creative Commons Attribution 4.0 license (CC BY 4.0). Journalists and researchers are free to reuse the tables and the CSV in stories, charts, and reports, including commercially, as long as HearthMap is credited with a link. See the license page and the press kit.

Suggested citation

HearthMap, "Homeowners Insurance Costs by County in New Jersey (2024)," https://hearthmap.app/home-insurance-by-county/new-jersey. Based on Keys and Mulder, NBER Working Paper 32579.

Download the CSV

Home insurance in New Jersey: frequently asked questions

What is the average cost of homeowners insurance in New Jersey?
The average homeowners insurance premium in New Jersey was $2,104 per year in 2024, a simple mean across the 21 counties with mortgage-escrow data (Keys-Mulder, NBER Working Paper 32579).
Which New Jersey county has the cheapest home insurance?
Cumberland had the lowest average homeowners insurance premium in New Jersey at $1,667 per year in 2024.
Which New Jersey county has the most expensive home insurance?
Monmouth had the highest average homeowners insurance premium in New Jersey at $2,883 per year in 2024.
How many New Jersey counties are in this dataset?
21 of 21 New Jersey counties have a natively measured premium from mortgage-escrow data. Counties without enough escrowed mortgages are not shown.

Related

Home insurance by county in other states:

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