A lot of homeowners in New Jersey are under the impression that coverage is some kind of luxury. Nothing could be further from the truth. Those same people probably don’t know exactly how much is homeowners insurance in NJ really is.
If you have a mortgage on your property the odds are pretty good that you have been legally mandated to carry specific levels of coverage, and even if you have already paid off your mortgage you still want to be sure that you’re carrying the best and most affordable terms available in the state.
At the same time, a lot of homeowners in New Jersey aren’t quite aware of exactly how much homeowners insurance costs in this state – and many of them are surprised to learn that there are so many different tips and tricks out there that can help them save a considerable amount of money with the right kind of approach.
Hopefully we are going to be able to shed a little bit of extra light on the subject for you so that you know exactly what you’re getting into when you purchase a new policy in New Jersey.
Not only that, but you’ll also pick up a couple of tips and tricks to help you save quite a bit of cash, making the answer to the question “how much is homeowners insurance in NJ” pretty simple and straightforward – a lot cheaper than it ever used to be!
Calculating your requirements
The easiest way to figure out exactly how much you are going to have to pay is to simply contact reliable and reputable companies in the area and ask them for a quote.
Literally all you have to do is reach out to any of the more well-known carriers in New Jersey and ask “how much is homeowners insurance in NJ for money specific situation” and they’ll be able to provide you with a ballpark figure right then and there – right there on the spot.
Obviously this question is going to be better answered with more concrete figures if you ask them after you provide them with critical information about your specific situation, your home, your mortgage, and any personal details you’re able to provide them with, but it’s a great way to know how much it is without having to go through a long and drawn out research process.
What can I do to keep my policy as inexpensive as possible without cutting coverage?
This is where things get a little bit tricky.
For starters, the carrier is always going to try and get as much money out of you as humanly possible. They are really going to push you to purchase their most premium level, scaring you with all kinds of facts and figures (which are generally quite accurate, but often overstated) in an effort to get you to sign on the dotted line and purchase a lot more then you probably need.
At the same time, homeowners all across New Jersey regularly do not take as much time to research their options before they jump on top of an offer – and that’s how they get suckered into bum deals.
Thankfully though, when you armor yourself against these kinds of predatory attacks with all of the information we are able to share in this quick guide you won’t have much to worry about when it comes to being overcharged.
Here we go!
- Shop around A LOT
You 100% have to make sure that you are comparing and contrasting options and plans from at least five different companies before you even think about signing on the dotted line and agreeing to anything.
This is the only way to be certain that you’re getting the best deal, and the only way to really accurately determine exactly how much is coverage in your specific area.
- Maintain a quality security system and high-end alarms
It is also mission critical that you get your hands on a quality security system that not only protects your doors but your windows and any other points of entry, a security system that is monitored by one of the more reputable companies in the business.
You would do well to upgrade your smoke and government oxide alarm systems as well, as this is one of the big determining factors that all carriers are going to look into before they give you a quote or estimate.
- Leverage multiple policy discounts/bundles
The overwhelming majority of companies out there are going to offer you some kind of deal or discount to combine multiple policies together under a single umbrella.
When you bundle multiple insurance policies to combine with your home policy, the question is no longer “how much is my homeowners insurance” but “how much am I going to be able to save on ALL of these policies”!