Updated: November 27, 2024
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In Elizabeth, NJ, Chubb is both the overall best and cheapest choice for home insurance. It is also the best option if customer service is your priority.
Choosing the best inexpensive home insurance depends on what you value, such as costs or how a company helps when you have questions or problems.
Best HomeInsuranceElizabeth, NJTable of Contents
Why Trust MoneyGeek? We used data from New Jersey's Department of Insurance and Quadrant Information Services to find the best homeowners insurance in Elizabeth, ensuring our recommendations are reliable.
Home insurance quotes in Elizabeth offer the most competitive rates as of September 2024.
MoneyGeek found that Chubb is the best option in Elizabeth, NJ, with a MoneyGeek score of 98 out of 100 for a $100K dwelling coverage.
The scores for home insurance companies in Elizabeth range from 52 to 98. These figures are based on MoneyGeek's scoring system, and insurers may have different scores depending on your credit history and the age of your home.
| Chubb | 98 | $378 |
| State Farm | 88 | $594 |
| Narragansett Bay Insurance Company | 83 | $653 |
| Farmers | 82 | $609 |
| New Jersey Skylands | 67 | $516 |
| ASI | 65 | $991 |
| The Hanover | 52 | $1,993 |
MoneyGeek found that Chubb is the best option for $100K dwelling coverage in Elizabeth, NJ. When it comes to protecting your home in Elizabeth, the two best overall home insurance providers for $100K dwelling coverage are:
Chubb stands out as the best home insurance provider due to its blend of affordability and customer satisfaction.
Elizabeth, NJ, homeowners have a choice among various companies, each offering different costs and service experiences. While affordability is key, other factors — such as customer support and coverage options — are important, especially when filing a claim.
Chubb scores high on affordability and satisfaction, earning it a top MoneyGeek score. It offers comprehensive home insurance coverage, including guaranteed replacement cost and building ordinance or law. Homeowners can save with discounts like new home and home renovation.
Chubb's guaranteed replacement cost helps rebuild homes even if costs exceed policy limits. Building ordinance or law coverage pays for updates to meet current codes. The cash settlement option allows flexibility if you choose not to rebuild.
MoneyGeek found that Chubb provides the best customer service in home insurance in Elizabeth, NJ, specifically for $100K dwelling coverage.
Chubb stands out due to its high customer satisfaction score. It is recognized for being reliable and effective, ensuring services that meet your needs. Excellent service in home insurance means responding quickly to claims, providing support and ensuring you are informed throughout the process.
Chubb is known for its high service quality, with customer satisfaction and coverage contributing most to its MoneyGeek score. It offers comprehensive home insurance coverage, including guaranteed replacement cost and building ordinance or law. Chubb also provides discounts like new home and home renovation, helping policyholders save. You can qualify for the new home discount if your home is 7 or 10 years old or less.
Chubb's coverages are valuable for homeowners. Guaranteed replacement cost ensures your home is rebuilt to its original state after a loss. Building ordinance or law helps cover costs to meet current building codes. Cash settlement offers flexibility if you choose not to rebuild.
MoneyGeek found that Chubb is the best cheap home insurance option in Elizabeth, NJ, for $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
Chubb stands out with a high MoneyGeek score, thanks to its affordability and customer satisfaction. However, choosing cheap home insurance may mean selecting lower coverage. This can save you money but might not cover all costs if an accident happens. In instances where saving on premiums is a priority, considering the most affordable homeowners insurance companies may be beneficial.
What sets the best cheap home insurance apart from the cheapest is its value for money, balancing cost with the coverage that meets a homeowner's needs without being expensive.
Chubb is the best cheap company with high scores in affordability and satisfaction. You can save with discounts like new home, which applies if your home is 7 or 10 years old or less.
Chubb also provides useful coverages like guaranteed replacement cost, which helps rebuild your home even if costs exceed your policy limit. Building ordinance or law coverage pays to update your home to current codes. Cash settlement lets you receive money if you choose not to rebuild after a total loss.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 24, 2024
Many things affect homeowners insurance in Elizabeth, and location is one of them. Comparing homeowners insurance rates can save you money but takes time — up to 15 minutes per company. Comparing three or more means more than an hour of research. MoneyGeek's home insurance calculator can help you save time by focusing on key factors. Just enter your age, dwelling coverage, credit score, deductible, liability coverage and a few other details to get a quick estimate.
Chubb is the most affordable home insurance option in Elizabeth, NJ. The following companies offer the lowest annual premiums in their respective dwelling coverage categories:
Chubb stands out in Elizabeth because of its low cost, although it scores high at 99. New Jersey Skylands, with competitive rates for both 250K and 500K coverage, also ranks highly at 83. Choosing the right amount of dwelling coverage is essential as it significantly affects the insurance premium.
Opting for the cheapest homeowners insurance in New Jersey helps manage your finances better.
| Chubb | $378 |
| New Jersey Skylands | $516 |
| State Farm | $594 |
| Farmers | $609 |
| Narragansett Bay Insurance Company | $653 |
| ASI | $991 |
| The Hanover | $1,993 |
For high-value homes in Elizabeth, NJ, New Jersey Skylands offers the lowest yearly cost for a $750K dwelling coverage policy. Higher home values require more insurance because it costs more to fix or rebuild them, which is whyhome insurance costs can be higher.
New Jersey Skylands offers competitive rates, making it the top choice for homeowners in Elizabeth seeking affordable coverage. According to MoneyGeek, while this insurer is the cheapest, others may offer a better overall value.
| New Jersey Skylands | $1,668 |
| Chubb | $2,434 |
| State Farm | $2,528 |
| Narragansett Bay Insurance Company | $3,160 |
| Farmers | $3,329 |
| The Hanover | $3,833 |
| ASI | $4,473 |
Chubb offers the cheapest home insurance for new homes requiring $100K in dwelling coverage in Elizabeth, NJ.
Chubb's low annual cost makes it the top choice for $100K dwelling coverage in Elizabeth. While it offers the best price, its overall place in affordability is great but not the best. Thus, it's a smart choice for cost, but other aspects might differ. Ensure you always stay adequately covered.
| Chubb | $284 |
| Farmers | $321 |
| State Farm | $347 |
| New Jersey Skylands | $374 |
| ASI | $414 |
| Narragansett Bay Insurance Company | $567 |
| The Hanover | $1,297 |
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums. The best cheap homeowners insurance in Elizabeth depends on your needs. Consider factors like coverage options, customer reviews and financial stability.
To guide you through the process, we outlined key factors to consider when seeking the best and most affordable homeowners insurance for your home.
To understand how much home insurance coverage you need, consider the specifics of your home in Elizabeth, NJ, including rebuilding costs, personal property value and liability requirements.
Research insurance companies operating in Elizabeth, NJ. Focus on those with solid financial stability, positive customer reviews and a history of quality service.
After identifying your coverage needs, compare home insurance quotes. In Elizabeth, NJ, premiums for $100K dwelling coverage range from $378 with Chubb to $991 with ASI annually.
Inquire with each provider about potential discounts, such as those for bundling policies, adding safety features or maintaining a claims-free record.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can afford if needed.
Enhancing your home's security with systems and sturdy locks can lower its risk profile and potentially decrease insurance costs.
Keeping a strong credit score is important as it can influence your insurance rates in Elizabeth, NJ. Pay bills on time and manage debt wisely.
Consider combining your homeowners insurance with other policies like auto insurance to gain discounts and save money.
The best cheap home insurance provider for you in Elizabeth depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about best cheap insurance rates in Elizabeth, New Jersey.
The average cost of home insurance in Elizabeth, New Jersey, is $607 annually.
The cheapest home insurance company in Elizabeth, New Jersey, is Chubb with an annual premium of $378.
The best home insurance in New Jersey for Elizabeth residents is provided by Chubb, with a MoneyGeek score of 98 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
