Gavop's guide to buying homeowners insurance in Somerset, NJ covers how to get the right coverage, optimize deductibles, identify the best agents, understand claim requirements, avail discount options, compare cheap quotes and research reviews.
| Bedrooms | Average Home Value | Estimated Replacement Value | Recommended Home Insurance Coverage |
|---|---|---|---|
| 1 Bedroom | $125,500 | $110,000 | $125,000-$150,000 |
| 2 Bedroom | $227,500 | $190,000 | $250,000-$300,000 |
| 3 Bedroom | $252,500 | $210,000 | $200,000-$250,000 |
| 4 Bedroom | $521,000 | $480,000 | $600,000-$700,000 |
| 5 Bedroom | $685,500 | $610,000 | $500,000-$600,000 |
| Type | Discount ($) | Premium After Discount ($) |
|---|---|---|
| Multipolicy Discount | -$150 | $733 |
| Superior Protection Discount | -$79 | $803 |
| Fire & Security Discount | -$79 | $803 |
| Hail Resistant Roof Discount | -$26 | $856 |
| Newly Constructed Home Discount | -$238 | $644 |
| Claim Type | Average Claim Cost |
|---|---|
| General Claims | |
| Water Damage | $6,156 |
| Physical Damage | $2,295 |
| Hail Damage | $4,618 |
| Wind Damage | $6,305 |
| Expensive Claims | |
| Fire | $43,782 |
| Smoke | $17,222 |
| Home Insurance Company Somerset, NJ | Homeowners Insurance Agency Somerset, NJ | Address | Popularity Score | Distance from Somerset (miles) |
|---|---|---|---|---|
| Travelers | Fraser Brothers Group Llc | 811 Amboy Ave, Edison, NJ, 8837 | 9.3 | |
| Travelers | Fraser Brothers Group Llc | 811 Amboy Ave, Edison, NJ, 8837 | 9.3 | |
| Travelers | Irwin Edelstein Associates Inc | 15 Bridge Street 15 Bridge Street, Metuchen, NJ, 8840 | 6.8 | |
| State Farm | Alex Escobar | 740 Route 18 North, East Brunswick, NJ, 08816-4906 | 8.4 | |
| Travelers | The Schenck Agency Inc | 495 Main St, Metuchen, NJ, 8840 | 7.6 | |
| Allstate | James Fitzsimmons | 499 Morris Ave, Springfield, NJ, 7081 | 17.1 | |
| Farmers | Leslie Lassen | 1915 Morris Ave Fl 2, Union, NJ, 7083 | 17.8 | |
| Travelers | Abbott Insurance Agency | 705 Ridge Rd, Lyndhurst, NJ, 7071 | 28.2 | |
| Travelers | Chibbaro Bros Central Jersey Group | 1151 Broad St Ste 218, Shrewsbury, NJ, 8902 | 26.7 | |
| State Farm | Denis Dankosky | 105 Miln St, Cranford, NJ, 07016-2140 | 14.5 |
| Place | Typical Home Value | Typical Home Insurance Costs | 25th Percentile | 75th Percentile | Potential Savings & Difference between 25th & 75th Percentile |
|---|---|---|---|---|---|
| New Jersey | $321,100 | $1,081 | $790 | $1,520 | $730 |
| Somerset County, NJ | $412,800 | $1,203 | $870 | $1,710 | $840 |
| Somerset, NJ | $306,400 | $883 | $640 | $1,250 | $610 |
| Strathmore, NJ | $361,900 | $837 | $560 | $1,160 | $600 |
| Kearny, NJ | $318,700 | $1,001 | $680 | $1,370 | $690 |
| Long Branch, NJ | $337,000 | $1,038 | $700 | $1,440 | $740 |
| Kinnelon, NJ | $558,600 | $1,004 | $720 | $1,400 | $680 |
| Avon-by-the-Sea, NJ | $864,800 | $2,497 | $1,700 | $3,550 | $1,850 |
| Easton, PA | $127,700 | $613 | $420 | $850 | $430 |
| West Milford, NJ | $283,100 | $846 | $580 | $1,190 | $610 |
| Stockertown, PA | $225,800 | $846 | $600 | $1,210 | $610 |
| Sussex County, NJ | $264,100 | $934 | $630 | $1,280 | $650 |
| North Lynbrook, NY | $436,400 | $2,070 | $1,430 | $2,940 | $1,510 |