Homeowners insurance in New Jersey: premium by ZIP code
New Jersey's median ZIP code paid $1,598 per policy in 2022; Monmouth County, on the Shore, paid $2,341.
Independent site, not an insurer or a broker. Treasury figures cover 2018 to 2022 only.
Premium per policy in 2022, New Jersey (median ZIP code)
$1,598
Average paid per HO-3 or HO-5 policy, inflation-adjusted as published by the Treasury. At September 2026 prices: about $2,129.
| Change from 2018 to 2022, after inflation | +2.6% |
| Premium per policy in 2018 | $1,558 |
| Premium per policy in 2022 | $1,598 |
| 2022 premium carried to September 2026 (BLS index) | $2,129 |
| Policies not renewed by the insurer, 2022 | 0.75% |
| Claims paid per 100 policies, yearly average | 5.9 |
| Average claim paid, 2018 to 2022 (adjusted) | $13,356 |
| Cancelled for nonpayment, 2022 | 0.56% |
Treasury data stop in 2022. The September 2026 figure applies the national BLS price index to the 2022 value, read as 2022 dollars: an estimate, not a quote.
Compiled by Radif Partners · Where the numbers come from · 563 ZIP codes in 21 counties of New Jersey in the Treasury file · not a quote
New Jersey homeowners paid $1,598 per policy in the median ZIP code in 2022 in the Treasury file, about the national level of $1,551 and ranked 26 of 51, after a rise of only +1.8% after inflation from 2018. North Jersey's large counties paid close to that: Bergen $1,666, Morris $1,465, Middlesex $1,382. The Shore is a separate market: Monmouth County paid $2,341, and its ZIP 07723 $8,535, the highest in the state. Claims rose to 6.9 per 100 policies in 2021, the year the remnants of Ida brought tornadoes and flash floods, and the paid loss ratio to 49%. Cancellations for nonpayment were the lowest of any state, 0.56%. The New Jersey Insurance Underwriting Association writes dwelling fire policies for homes declined elsewhere. Flood is separate and matters on the Shore. The data stop in 2022.
North Jersey
Bergen County had 65 ZIP codes in the file and a median of $1,666 in 2022, flat after inflation. Morris County paid $1,465 and Middlesex $1,382. Prices barely moved in these years, while the paid loss ratio of the state's median ZIP code went from 39% in 2018 to 34% in 2019, close to the national level. Bergen's ZIP 07620, Alpine, paid $7,939, the second highest figure in the state. At the other end, 07034 in Morris County and 08835 in Somerset County paid $1,124 and $1,153.
The Shore
Monmouth County, with 48 ZIP codes, paid $2,341 after a rise of +4.1%, and ZIP 07723, Deal, $8,535. Large oceanfront houses and storm exposure explain it. Sandy in 2012 is the reference loss on the Shore, and many policies there carry a percentage hurricane or windstorm deductible. Storm surge is flood, not wind, and is excluded from homeowners policies; most of Sandy's damage was flood.
A Shore house with a 2 percent hurricane deductible
Example, not your result yet· change a figure to see yours
The insurer would pay
$14,000
| Full percentage deductible | $14,000 |
| Paid with the flat deductible instead | $27,000 |
| Extra you carry because of the percentage | $13,000 |
| 2% of this dwelling limit | $14,000 |
The 2021 spike
New Jersey's paid claims were 5.6, 5, 6.6, 6.9, 4.4 per 100 policies from 2018 to 2022. In September 2021 the remnants of Ida produced tornadoes in South Jersey, including Mullica Hill in Gloucester County, and flooded basements across the north, and the paid loss ratio rose to 49% that year. Wind and tornado damage is covered by homeowners policies; water in a basement from surface flooding is not, and sewer backup needs its own endorsement. The claim calculator helps with small claims.
Renewals and the underwriting plan
New Jersey's median nonrenewal rate was 0.75% in 2022, ranked 31 of 51. Cancellations for nonpayment, 0.56%, were the lowest of any state. The New Jersey Insurance Underwriting Association writes basic and broad dwelling fire policies for homes that cannot find a private insurer. The New Jersey Department of Banking and Insurance reviews rates and complaints.
New Jersey, year by year
| Year | New Jersey median ZIP | National median ZIP | Nonrenewal rate | Claims per 100 policies | Paid loss ratio |
|---|---|---|---|---|---|
| 2018 | $1,558 | $1,445 | 0.48% | 5.6 | 39% |
| 2019 | $1,584 | $1,469 | 0.76% | 5 | 34% |
| 2020 | $1,601 | $1,491 | 0.46% | 6.6 | 41% |
| 2021 | $1,592 | $1,521 | 0.51% | 6.9 | 49% |
| 2022 | $1,598 | $1,551 | 0.75% | 4.4 | 36% |
The New Jersey counties with the most ZIP codes in the file
| County | ZIP codes | Median 2018 | Median 2022 | Change | Nonrenewal 2022 | Average claim |
|---|---|---|---|---|---|---|
| Bergen County | 65 | $1,679 | $1,666 | +0.2% | 1.18% | $14,245 |
| Monmouth County | 48 | $2,223 | $2,341 | +4.1% | 0.68% | $15,124 |
| Morris County | 46 | $1,474 | $1,465 | +0.2% | 0.59% | $11,611 |
| Middlesex County | 36 | $1,339 | $1,382 | +2.5% | 0.81% | $11,750 |
| Camden County | 33 | $1,423 | $1,434 | +0.5% | 0.72% | $12,564 |
| Essex County | 31 | $2,130 | $2,161 | -0.0% | 1.22% | $15,453 |
| Ocean County | 29 | $1,626 | $1,837 | +9.7% | 0.48% | $13,527 |
| Burlington County | 28 | $1,475 | $1,548 | +3.4% | 0.66% | $13,259 |
Highest and lowest premiums per policy, New Jersey ZIP codes, 2022
| ZIP code | County | Premium per policy | Change since 2018 | Nonrenewal 2022 |
|---|---|---|---|---|
| 07723 | Monmouth County | $8,535 | +10.9% | 1.25% |
| 07620 | Bergen County | $7,939 | -1.4% | 1.70% |
| 08738 | Ocean County | $6,381 | +0.9% | 1.57% |
| 07976 | Morris County | $6,062 | +1.4% | 1.49% |
| 08403 | Atlantic County | $5,541 | -9.5% | 0.98% |
| 07034 | Morris County | $1,124 | +1.0% | 0.65% |
| 08835 | Somerset County | $1,153 | +8.1% | 1.60% |
| 08757 | Ocean County | $1,154 | +5.3% | 0.42% |
| 08865 | Warren County | $1,158 | +3.6% | 0.99% |
| 07847 | Morris County | $1,160 | -3.4% | 0.28% |