If you rent your home or apartment, you may need renters insurance.

New Jersey residents can save on their monthly costs by comparison shopping.

Simply Insurance makes getting renters insurance easy, so we will tell you upfront that Lemonade Insurance is our #1 pick for renters insurance in New Jersey.

Why did we choose them? See our reviews below.

Our #1 Pick

lemonade logo large

Lemonade is our #1 pick overall for renters insurance in New Jersey. Their application is super fast, their site is easy to navigate, and they have some of the lowest rates.

renters insurance nj

Find Out Who Made Our Best Renters Insurance In NJ List!

Plus More Details On Each Company, Why You Need Renters Insurance, What Does It Cover, And How To Apply For Coverage.

renters insurance nj

Find Out Who Made Our Best Renters Insurance In NJ List!

Plus More Details On Each Company, Why You Need Renters Insurance, What Does It Cover, And How To Apply For Coverage.

1. Lemonade

5.0

lemonade logo large

Lemonade is our top pick for several reasons.

Not only do we admire their financial business model that prioritizes charity over profit, but they also offer customized quotes in minutes.

Their AI program removes high-pressure agents from the mix, and claims are easy to file with their app.

Pros

  • The algorithm-driven policy makes dealing with Lemonade painless
  • Most claims take less than three minutes, from initial contact to payout
  • Their Giveback program turns their profits into charitable giving
  • Some renters insurance policies start for as little as $5 a month

Cons

  • Some policy options come with an added cost

Lemonade Insurance received an A- rating from the Better Business Bureau. They have not yet been rated by AM Best.

Overall, Lemonade is the best renters insurance company.


2. Progressive

4.5

progressive logo

Progressive Insurance has always been a good deal.

Not only do they show you their competitors’ prices before you buy, but they also have an impressive amount of discount opportunities available for you.

What’s more, they hold an impressive customer satisfaction rating.

Pros

  • You see competitor prices before you buy, ensuring you get the best deal
  • Customers are highly satisfied when dealing with Progressive
  • Add-on optional riders for coverage on earthquakes, sewer and drain backups. 
  • Many discount opportunities help lower your monthly payment

Cons

  • Some clients complained of poor communications with insurance agents

Progressive has an A+ rating with the Better Business Bureau and AM Best.

Progressive offers an impressive array of discounts and quality customer service.


3. Quote Wizard

4.0

quote wizard logo

If you like comparison shopping and getting a good deal, then QuoteWizard may be the insurance option for you.

This insurance marketplace allows you to easily compare the coverage and costs of several different companies in one place.

Pros

  • QuoteWizard gives you the tools to see the best offers in on one website
  • Insurance companies compete for your business on the site, ensuring you get a great deal
  • They have no affiliations to any insurance companies and give fair quotes to everyone.

Cons

  • Some customers report continued insurance solicitations after using QuoteWizard's website

QuoteWizard has not been rated by the Better Business Bureau or AM Best.

QuoteWizard is the best insurance company if you want to comparison shop.


4. Liberty Mutual

4.0

liberty mutual logo

New renter's and college students often need to stick to a budget. Liberty Mutual helps them do that.

They offer a low liability limit, allowing you to get a renters insurance policy even if your possessions are not worth that much.

On top of that, their discounts can reduce their already low-cost policies.

Pros

  • Liberty Mutual offers some of the lowest priced policies in New Jersey
  • With several ways to save, you're sure to get a discount on your monthly payment
  • Liberty Mutual does not have strict requirements to get coverage
  • The user-friendly app makes account management easy and convenient

Cons

  • Liberty Mutual's customer service has received mixed reviews

Liberty Mutual holds an A rating from both the Better Business Bureau and AM Best.

Liberty Mutual has the best coverage for young tenants and college students in New Jersey.


5. Amica

4.0

amica logo

Amica has a top-rated, award-winning customer service team.

They've received over 50 J.D. Power Customer Satisfaction awards and are they are the first insurance company to do so.

They have several types of insurance and offer a few ways to get a discount on your policy.

Pros

  • If customer service is important, Amica's got you covered, they take it very seriously.
  • Amica plays claims for damaged or destroyed possessions at their replacement cost
  • You can save up to 25% if you bundle your insurance policies

Cons

  • Amica may deny your application if you are prone to filing claims

The Better Business Bureau and AM Best gave Amica an A+ rating.

Amica has the best customer service in the business.


Is Renters Insurance Required in New Jersey?

No. Renters insurance is not a legal requirement in New Jersey.

However, your landlord or homeowner's association may require proof of renters insurance when you sign your lease documents.

Renters insurance protects you and your possessions. It may be beneficial to carry a policy even if it is not required.

best renters insurance new jersey

Does New Jersey Renters Insurance Cover Floods?

No. Flood damage is not covered in your renters insurance policy. However, water damage due to a frozen pipe or a leak in your ceiling is covered.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

What Does New Jersey Renters Insurance Cover In 2020?

When purchasing renters insurance, New Jersey residents have several companies to consider. Take care to compare their coverage to get the best deal.

All renters insurance policies cover personal property, liability, and loss of use, but coverage levels change from policy to policy.

Personal Property

This covers damage or the destruction of your personal property up to a certain value limit. If your possessions are stolen, they are also covered.

Personal Liability

If there is an accident in your home and a guest is injured, or their possessions are damaged, they may sue you.

The personal liability rider on your renters insurance will cover these costs, including some medical payment coverage.

Loss Of Use

If damage to your rental is so bad to the point you cannot live there, loss of use coverage can help pay for a temporary living place and may even cover other costs such as groceries.

INSURANCE WHERE YOU LIVE

Renters insurance by state.

How Much Does New Jersey Renters Insurance Cost In 2020?

Renters insurance costs change based on your location and the level of coverage you need.

You may find a policy as low as $11 a month or as high as $24. 

The average cost of renters insurance New Jersey residents should expect to pay is $16 a month, for a yearly average of about $190.

Will Renters Insurance Cover My Roommate?

No. Your roommate can only be covered if you add them to your policy. They can purchase a personal policy if needed.

How Do I apply for New Jersey renters insurance? 

To buy New Jersey renters insurance you should follow the below steps.

View Your Instant Quote

First, you want to click here or any of the above buttons to start the quote process, you won't need any personal information other than the address to get your quotes fast. Once you have your quotes and pick the coverage option that works best for you, it's time to get covered.

Get Your Personal Information Together

You will need your name, address, and Social Security number. The online forms guide you through several questions to learn more about the rental you will be living in and what coverage you need. 

Start Your Online Application

Once you have all of your personal information together, your next step will be to start the application. This will be easy by just following the prompts after you complete your quote. 

Know The Safety Features Of Your Rental 

The application might ask about smoke detectors, sprinkler systems, and deadbolts. The best renters insurance will offer discounts for those features.

Sometimes, the intake form may also ask if you have pets, especially certain dog breeds. Overall the process can take less than five minutes. 

Answer Your Questions Honestly

Be sure to answer every question, truthfully. If you do not, and something happens, the company may deny your claim. Even if they do not deny your claim, you still may be committing fraud. 

Add Any Additional Interest

Some landlords may require you to add them as an additional interest; this will let them know if the policy has lapsed or when you have renewed your policy. Most companies can add this during the application process or immediately afterward.

Print Your Proof Of Insurance

Once your policy has been approved and paid for, simply print out your proof of insurance, and you're covered.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

Take Action 

Your insurance purchase experience should be fast and easy.

For this reason, we choose Lemonade because they make buying renters insurance a breeze. That said, consider some of the other companies we reviewed if they better suit your needs.

Don't waste any time thinking about this, if you need renters insurance, we’ve done the hard work for you get your free renters insurance quote today.


Sa El

About the author

Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 12 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. He is also an Official Member of the Forbes Finance Council, a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.

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