Updated: November 21, 2024
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For women seeking life insurance, Protective is at the top with a MoneyGeek score of 96 and a monthly premium cost of $10. On the other hand, men's top choice is Nationwide, also garnering a near-perfect MoneyGeek score of 97 and a monthly premium of $13.
When choosing life insurance, consider the policy's fit for your unique needs, the company's reliability, premium costs and coverage benefits.
BestLife InsuranceNew JerseyBest Life Insurance Companies in New Jersey
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in New Jersey.
Coverage costs and company information for life insurance providers were updated in May 2024.
| Nationwide | 1 | 97 |
| GEICO | 2 | 96 |
| Protective | 3 | 96 |
| Mutual of Omaha | 4 | 95 |
| Transamerica | 5 | 93 |
| State Farm | 6 | 93 |
| Haven | 7 | 91 |
| Prudential | 8 | 91 |
| AAA | 9 | 90 |
| Allstate | 10 | 88 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies in New Jersey:
Nationwide stands out as the premier life insurance provider in New Jersey, offering the highest MoneyGeek score of 97 for men with a monthly premium of $13, and an impressive score of 95 for women, also at a monthly premium of $13.
Nationwide, with an impressive MoneyGeek score of 97 and a monthly premium cost of $13, stands out as the leading choice for the best life insurance in New Jersey for men.
Pros:
Protective stands as the top choice for the best life insurance in New Jersey for women, earning the highest MoneyGeek score of 95 with a monthly premium of $10.
Pros:
Cons:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in New Jersey:
Costs are based on quotes gathered for a $250,000 life insurance policy with a 10-year term.
Mutual of Omaha has the distinction of offering the best term life insurance in New Jersey for men, earning a MoneyGeek score of 97 and a monthly premium of $9. For women, Nationwide takes the top spot with a MoneyGeek score of 97 and a monthly premium of $10.
The top three highest MoneyGeek scores are:
Mutual of Omaha is the leading provider when it comes to the best term life insurance in New Jersey for both men and women, earning a remarkable MoneyGeek score of 97.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies in New Jersey:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies.
State Farm has the distinction of offering the best whole life insurance in New Jersey for both men and women, earning a MoneyGeek score of 99.
Top providers and their MoneyGeek scores include:
When looking for the best whole life insurance options, it's imperative to choose a company that aligns with your financial aspirations.
State Farm stands out as the premier provider of whole life insurance in New Jersey for both men and women, with an excellent MoneyGeek score of 99.
Pros:
Cons:
Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies in New Jersey:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies.
Nationwide offers the best universal life insurance in New Jersey for both men and women, with an impressive MoneyGeek score of 99.
Top-rated insurers for the best universal life insurance in New Jersey include:
Nationwide is the top choice for universal life insurance in New Jersey for both men and women, earning the highest MoneyGeek score of 99.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best no-medical-exam life insurance companies in New Jersey:
We did not weigh affordability as we did not collect no-medical-exam life insurance quotes. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams.
Nationwide stands out as the top provider of the best no-medical-exam life insurance in New Jersey for both men and women. The company garnered a MoneyGeek score of 99.
As the top performer in the no-medical-exam life insurance sector in New Jersey, Nationwide leads with a comprehensive offering tailored for both men and women. Nationwide's exceptional MoneyGeek score of 99 out of 100 solidifies it as the premier choice in the state.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors in New Jersey:
We applied the same weighting factors as the term life insurance category; however, the persona for the quote was adjusted to reflect an age of 70 for a more accurate estimate.
Nationwide stands out as the top provider of the best term life insurance for seniors in New Jersey, with the highest MoneyGeek scores for both men and women.
For men, Nationwide has a MoneyGeek score of 97, with a monthly premium of $48, and for women, the score is equally impressive at 97, with a slightly lower monthly premium of $42.
| Nationwide | 1 | $48 | 97 |
| Mutual of Omaha | 2 | $42 | 97 |
| GEICO | 3 | $47 | 95 |
| Protective | 4 | $45 | 95 |
| Prudential | 5 | $48 | 94 |
| Transamerica | 6 | $46 | 93 |
| Haven | 7 | $53 | 93 |
| State Farm | 8 | $79 | 93 |
| AAA | 9 | $55 | 93 |
| Allstate | 10 | $61 | 90 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in New Jersey for people who smoke:
We applied the same weighting factors as the term life insurance category; however, the persona for the quote was adjusted to reflect an active smoker for a more accurate estimate.
Mutual of Omaha stands out as the best term life insurance for smokers in New Jersey, scoring the highest MoneyGeek score for both men and women. For men, Mutual of Omaha boasts a score of 97 and a monthly premium of $41, while for women, it achieves a score of 96 with a monthly premium of $37.
A key factor in the company's leading scores is its perfect blend of affordability, customer satisfaction and stability — major contributors to the overall MoneyGeek score.
| Mutual of Omaha | 1 | $41 | 97 |
| GEICO | 2 | $42 | 96 |
| Prudential | 3 | $41 | 95 |
| Nationwide | 4 | $58 | 95 |
| Allstate | 5 | $40 | 94 |
| Transamerica | 6 | $42 | 94 |
| State Farm | 7 | $65 | 93 |
| AAA | 8 | $51 | 93 |
| Protective | 9 | $69 | 91 |
| Haven | 10 | $75 | 89 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in New Jersey for young adults:
We applied the same weighting factors as the term life insurance category; however, the persona for the quote was adjusted to reflect an age of 20 for a more accurate estimate.
Nationwide stands out as the top provider offering the best term life insurance for young adults in New Jersey, with the highest MoneyGeek score of 98 for both men and women. Its monthly premium costs are impressively affordable at $8 for men and $7 for women.
Nationwide's high marks in customer satisfaction and affordability are significant contributors to its leading MoneyGeek score.
| Nationwide | 1 | $8 | 98 |
| Mutual of Omaha | 2 | $6 | 97 |
| State Farm | 3 | $12 | 97 |
| GEICO | 4 | $6 | 97 |
| Protective | 5 | $6 | 96 |
| AAA | 6 | $7 | 95 |
| Prudential | 7 | $9 | 94 |
| Haven | 8 | $9 | 94 |
| Transamerica | 9 | $7 | 94 |
| Allstate | 10 | $9 | 93 |
| Bestow | 11 | $33 | 89 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies in New Jersey:
We applied the same weighting factors as the term life insurance category; however, the quote was adjusted to reflect a 10-year term with minimum coverage.
Mutual of Omaha offers the best cheap term life insurance in New Jersey, with a MoneyGeek score of 98 for men and women. The monthly premium costs are approximately $9 for men and $8 for women.
Mutual of Omaha stands out in the industry due to its superior performance in key factors that contribute to the MoneyGeek score.
| Mutual of Omaha | $9 | 98 |
| GEICO | $10 | 96 |
| Protective | $9 | 96 |
| Nationwide | $12 | 96 |
| Transamerica | $11 | 95 |
| AAA | $12 | 93 |
| Prudential | $14 | 90 |
| Allstate | $15 | 90 |
| Haven | $14 | 90 |
| State Farm | $19 | 89 |
The average cost of monthly premiums for life insurance in New Jersey stands at $45 for women and $55 for men. Such premiums vary due to factors like age, health, occupation and lifestyle habits.
Other elements impacting the average cost of life insurance include the coverage amount and term length.
The top life insurance choice in New Jersey for men is Nationwide.
The best life insurance company, Nationwide, offers a competitive monthly premium of $13.
The best life insurance in New Jersey for women is offered by Protective.
The best life insurance option, Protective, has an average monthly premium of $10, representing a highly competitive rate.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.
