Renters Insurance Cost in New Jersey (2026 Average)
New Jersey renters paid about $125 a year on average in the NAIC 2021 baseline, about $45 less than the $170 US average. The state average is a useful baseline, but your quote will depend on your city, coverage limits, deductible, and claims history.
What drives New Jersey renters insurance costs
New Jersey renters paid about $125 a year on average in the NAIC 2021 baseline, about $45 less than the $170 US average.
Weather exposure is a major driver here: coastal storms and nor'easters are the headline weather risk.
Claim frequency and litigation also matter: claim frequency is moderate, with litigation more common in the metro counties.
Replacement costs and carrier competition round out the picture: replacement costs in the New York metro are high, and a deep competitive carrier market keeps the average below the national figure.
How New Jersey compares
| Location | Average annual premium | vs US average ($170) |
|---|---|---|
| New Jersey | $125 | −$45 |
| United States (national average) | $170 | baseline |
| New York | $164 | −$6 |
| Pennsylvania | $124 | −$46 |
| Delaware | $124 | −$46 |
A minus sign means the average is below the US average. Figures are the NAIC 2021 baseline; 2026 quotes run higher after inflation.
Next steps
Estimate your own premium
State averages only get you part of the way. Your real quote depends on your address, the coverage you choose, and your claims history.