New Jersey renters insurance

New Jersey renters insurance coverages

Check out the four standard coverages on nearly all New Jersey renters insurance policies:

• Personal property protects your personal belongings, including furniture, clothing, and electronics, whether they're inside your apartment or elsewhere
• Loss of use helps cover costs associated with an increase in living expenses, up to your policy's limit, if you're unable to stay in your home while it's being repaired or rebuilt due to a covered loss
• Personal liability protects you financially if you're legally responsible for another person's injuries or damage to their property
• Medical payments to others pays for medical expenses due to a covered occurrence

Additional coverages

The best renters insurance in New Jersey is always a policy with customized coverage. Here are some extra options for when you need more protection:

• Add a rider: Certain valuable items, like jewelry, may have specific limits on your renters policy. If your item exceeds the limit, you may be able to purchase an endorsement called a rider for your policy to cover the item for its value.
• Personal injury coverage: May pay for legal fees and damages if you’re liable for slander or defamation.
• Water back-up coverage: Water that backs up through sewers or drains or discharges from a sump pump may not be covered by a standard renters policy. Water back-up coverage may pay for the damage to your belongings and water removal costs.

Learn more about all of our renters insurance coverages.

Is renters insurance required in New Jersey?

New Jersey renters insurance isn't required by law, but many landlords and rental offices may require it before you can move in. Even if it's not required, renters policies are generally affordable and can protect your belongings as well as your assets in case you’re liable for damages or injuries. Most policies may also help cover temporary housing and meal expenses if your residence needs to be repaired or rebuilt due to a covered loss and you’re forced to live elsewhere.

Is renters insurance in New Jersey worth it?

Renters insurance acts as a safeguard in many circumstances, such as:

• If your personal belongings are stolen from your vehicle, renters insurance may pay to replace them.
• If a fire damages your clothing and furniture, renters insurance may help pay to replace the items. Note that landlord insurance or the policy protecting the apartment complex won’t typically cover your personal property.
• If someone gets hurt at your residence and you're liable, a renters insurance policy may pay for their medical bills, up to your policy's limit.

How much is renters insurance in New Jersey?

Progressive renters policies in New Jersey had an average monthly price of $17.44 or $209.32 for an annual policy in 2023.^** Many factors help determine the cost of renters insurance in New Jersey, including your location, type of rental, and coverage limits. Learn more about renters insurance cost factors.

The amount of coverage you need also factors into your policy’s rate. Estimate your personal property coverage needs with our calculator.

How can I save on renters insurance in New Jersey?

Progressive offers several discounts to help lower the cost of renters insurance in New Jersey. You may save by bundling policies, going paperless, living in a secured or gated community, or paying your premium in full. See more of our available renters insurance discounts.