Your home has to be the biggest investment you’ll ever make in your lifetime. So, naturally you’d want to protect it and ensure that you’re covered for any losses that may occur. When it comes to buying homeowners insurance in New Jersey at https://newjersey-insurance.net/new-jersey-homeowners-insurance, certain cities offer more affordable and financially flexible options. If you’re looking to own a house in New Jersey, you’d definitely want to check out these five cities that offer the lowest homeowners insurance in New Jersey rates in the state:
Clinton is a city that boasts of picturesque scenery; major tourist spots include the Red Mill situated in the southern reaches of the Raritan River. It’s a relatively small city with a population count that’s just a little above 2,000. Adding to its charm is that among the many cities in New Jersey homeowners insurance rates are cheapest in the city of Clinton. The average annual cost of home insurance Clinton residents pay is $691. That’s $307 dollars less than the state average.
Flemington has the second cheapest New Jersey homeowners insurance, annual rates are at a modest average of $731. The small municipality, situated in the Raritan Township, has a population of 4,581 residents. It is widely known as the hometown of Superbowl champion, Brad Benson.
Madison city is home to two university campuses so a large majority of its 18,000+ population is college students. The average homeowners insurance rates in Madison City is 26% less than the state-wide average with residents paying an average of $743 per year.
Morristown also has a home insurance rate less than the state-wide average and is the fourth cheapest insurance providers. Morristown is home to some famous people and celebrities.
The township of Randolph contains a lot of historical landmarks including the Liberty Tree, which is old enough to have lived through the days of the American Revolutionary War. Residents of Randolph pay an average annual home insurance rate of $753, which is several hundreds of dollars below the New Jersey homeowners insurance rate average.
Most of these New Jersey cities are located more inland. This is perhaps the reason why homeowners insurance in New Jersey costs a great deal less as compared to houses situated at the coast lines. The threat of natural calamities and the likelihood of loss and damage due to these unforeseen events have a lesser chance of happening in these cities because they are far from large bodies of water.