Find the Best Renters Insurance

in New Jersey

Who Needs New Jersey Renters Insurance?

More than one third of New Jersey households rent a home, apartment or room, but 64% of renters have not purchased even the cheapest renters insurance policy. If you belong to that unfortunate majority, an independent agent has the expertise to find the best renters insurance in New Jersey for you. Some people think their landlord’s insurance will replace their belongings in the event of theft, fire or other hazards. Unfortunately this is not usually the case. To protect your personal property and financial assets, you need to buy your own rental insurance coverage.

Rental Insurance Coverage Options:

  • Actual Cash Value: Reimburses the original cost of belongings, minus depreciation.
  • Replacement Cost: Reimburses the dollar amount it would cost to replace the items as new.

Average Cost of Renters Insurance in New Jersey

The cost of renters insurance in New Jersey varies from company to company and depends on how much coverage you choose, but overall New Jersey has some of the cheapest renters insurance in the country with average premium costs ranking 29th (from highest to lowest) among all states. 

When deciding on the best renters insurance policy for your New Jersey home, comparing multiple quotes gives you an advantage. A Trusted Choice independent insurance agent can help you navigate the plans available for your situation, so you can choose a policy with confidence.

Valuing Your Assets

An average renter keeps around $20,000 in personal property in the home. And, while your personal property may be worth less, or much more an independent agent can help you assess the true value of your possessions, and show you how to purchase adequate New Jersey rental insurance coverage.

Coverage Included in a Typical N.J. Renters Insurance Policy

  1. Liability: If someone is injured or their property is damaged in your home, liability insurance pays a portion of the expense of a lawsuit against you. It also covers the plaintiff's medical expenses, settlement costs, and your legal defense, up to your policy limit.
  2. Personal Possessions: If your property is destroyed by fire, hurricane, or vandalism, this coverage pays to repair or replace your belongings, up to the limits of your policy. It also covers possessions stolen from your car. Your furniture, appliances, clothing, and electronics are included, but you may need to purchase extra coverage for valuable art and collectibles.
  3. Displacement: Included in some New Jersey renters insurance policies, this coverage reimburses you if you must find temporary accommodations while your rental unit is being repaired after a fire or other disaster.

A local independent agent can talk with you about your property and situation, and help you decide how much liability and property coverage is right for you, whether you are looking for the most coverage or the cheapest renters insurance policy.

Top Insurance Companies That Support Independent Agents in New Jersey 

There are currently 485 independent insurance agents in New Jersey who are ready to help. These agents can save you time and money by helping you find competitively priced coverage that is well-suited to meet your business’s specific coverage needs. Talk to an insurance agent near you to learn more and to start comparing customized business insurance quotes.

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Why Go Independent When Looking for Insurance?

  • Local agents know your community
  • Multiple quotes from one agent
  • Get more value for your money

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