Get Pompton Lakes, NJ Home Insurance Rates!

Would you like to easily compare up to 12 competitive rates in Pompton Lakes, NJ without the hassle of having to speak to different home insurance agents all at once? At GetHomeInsuranceQuotes.com, we provide superior home insurance shopping services when it comes to finding cheaper rates with better coverage options. The majority of our carrier options are rated "A+" by A.M. Best and most of all they are brand names you can trust like Travelers, Safeco, Nationwide, Liberty Mutual, Progressive, and so many more home/auto carriers that are very competitive in Pompton Lakes.

Getting multiple home insurance quotes in Pompton Lakes doesn't have to be a burden. Our online quoting process makes it easy for you to get the quotes you need fast so you have time to review, compare and save up to 40% or more on your new homeowners policy. Please visit our home insurance discounts page to find out how you can save additional money on your insurance premium. Our process will run multiple estimates to help you apply all the discounts available so we can help you bundle and package your home insurance coverage together. This process makes it easy for you to get the home insurance shopping done right the first time.

Our Process for Quoting Homes in Pompton Lakes, NJ

Easily save time and money by shopping your policy with us. Cheaper rates are available for homeowners living in New Jersey so it's important to work with a specialized Pompton Lakes homeowners insurance agent that knows the best carrier that's right for you. Our process is simple and thousands of homeowners just like you enjoy our fast, free shopping service. Once you complete our quoting application, we will present up to 12 rates. We will also assign one licensed home insurance professional to help answer any questions that you may have. Enter your zip code and get your quotes today!

Homeowners Insurance Rates in Pompton Lakes

Our most frequently asked question usually has to do with a comparision request of what Pompton Lakes homeowners are currently paying per year and what other homeowners in Passaic County are also paying. New Jersey may not be considered the most expensive state in the country to buy home insurance, it does rank higher than average at a nationwide rank of 22. Residents of Pompton Lakes, NJ are currently paying $1,277 for homeowners insurance coverage on average, where the majority of the United States home insurance premiums are around $1,311 per year. When we compare quotes, you can expect more affordable premiums at an average range of $1,021.60 to $1,532.40 for the cost of a standard homeowners policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage.

Homeownership in Pompton Lakes, NJ

It's no secret that Pompton Lakes, NJ has now reached over 22,194 residents in population size with 8,380 homes within the city of Pompton Lakes. The average number of homes per zip code in Pompton Lakes is around 4,190. With population density increasing, it's important to make sure your home has the proper coverage within your local neighborhood or district.

Source	Value
Location:	Pompton Lakes, NJ (PASSAIC County)
Population:	22,194
Occupied Residents:	8,380
Average Real Estate Value Per Zip Code:	$302,700

Compare Homeowners Insurance Rates in Pompton Lakes, NJ!

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Average Rates Nearby Pompton Lakes

Are you looking for homeowners insurance in a city near Pompton Lakes? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Pompton Lakes, NJ

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Pompton Lakes.

07442,

Pompton Lakes, NJ Home Insurance Average Premiums

Local Pompton Lakes, NJ home insurance quotes comparison

$691 /yr.

Shows Pompton Lakes's lowest average rates with discounts applied.

For the city of Pompton Lakes, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:	Annual Premium
1800 sq. ft. or below (discounts applied)	$691 /yr.
Average Coverage:	$941 /yr.
2600 sq. ft. or higher (all discounts applied)	$1241 /yr.

What is the average home insurance cost for a home in Pompton Lakes, NJ?

• The average homeowners insurance premium paid annually for a home in Pompton Lakes is around $941 per year.

What does it cost on average per month for home insurance in Pompton Lakes, NJ?

• Homeowners in Pompton Lakes pay an average cost per month around $78.00 for insurance coverage.

Pompton Lakes, NJ Coastal Wind, Hail & Flood Information

Pompton Lakes is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Pompton Lakes, NJ - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$406,979	$389,544
February	$409,439	$394,486
March	$413,264	$400,240
April	$416,055	$405,239

Homeowners insurance will help cover the cost to repair or replace your Pompton Lakes home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Pompton Lakes
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Pompton Lakes, NJ homeowners insurance rates all in one place!

Saving Money Tips on Pompton Lakes Home Insurance

A great way to save money on Pompton Lakes homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Pompton Lakes area? Check out what homeowners are paying on average for New Jersey homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
214 ft.	This is the average home elevation in Pompton Lakes, NJ	» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Pompton Lakes, New Jersey. A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home. Call Now for Flood Insurance Quotes: 888-620-1954! Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy. It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

Elevation

Details

Homeowners Tips

214 ft.

This is the average home elevation in Pompton Lakes, NJ

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Pompton Lakes, New Jersey.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Pompton Lakes, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Passaic County.

New Jersey Homeowners Insurance News & Information

Buy Flood Insurance: What we learned from Hurricane Ida Posted on Monday 20th September, 2021
On September 2, 2021, Parked cars in New Brunswick, New Jersey submerged underwater after Tropical Storm Ida. Hurricane Ida struck Louisiana as a category 4 hurricane with 150 mile an hour winds and days later hit New Jersey, New York, and other states with a massive amount of rain that has caused numerous flash floods, […]
FEMA’s new rating system is called “Risk Rating 2.0,” effective October 1st, 2021 Posted on Wednesday 28th April, 2021
A recent report by ValuePenguin looked at the new risk ratings that the Federal Emergency Management Agency’s (FEMA) will be using when determining premiums for flood insurance in the National Flood Insurance Program (NFIP). The report found that millions of homeowners could see noticeable increases in flood insurance costs. FEMA’s new rating system is called […]
Update: New Jersey Ordered Insurance Relief Posted on Wednesday 22nd April, 2020
New Jersey residents may see some relief from insurance premiums due to COVID-19 pandemic. Recently, the New Jersey Department of Banking and Insurance ordered insurers to provide financial relief to residents and businesses. The guidance was signed last week by Governor Phil Murphy and extends the grace periods during which insurance companies will not be […]
Mortgage Payment Relief 2020: Tips & Questions Posted on Tuesday 21st April, 2020
Homeowners across the country are suffering as unemployment climbs across all industries, making it difficult for many homeowners to cover all of their bills. The Federal government, as well as some private mortgage companies are offering a bit of help by allowing some homeowners to apply for mortgage relief. While this sounds great, there can […]
New Mortgage Relief for New Jersey Homeowners During Coronavirus Crisis Posted on Wednesday 15th April, 2020
Aerial view of Atlantic City, New Jersey, overlooking Atlantic City Boardwalk and pier. In a recent announcement, New Jersey Gov. Phil Murphy revealed the details of a 90-day grace period for mortgage payments for all New Jersey homeowners that have been financially impacted by the outbreak of the coronavirus. This will allow New Jersey residents […]

Pompton Lakes, NJ Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Pompton Lakes so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Pompton Lakes, NJ?

- The average square footage in Pompton Lakes is around 1,568 Sq. Ft. which would cost you around $302,700 to replace the home if you base the home on the price to build per square foot of $193.

Minimum Replacement Cost Total: $302,700

Location: Pompton Lakes, New Jersey (Passaic County)

Average Building Cost Per Square Foot in Pompton Lakes: $193 (low end)

Average Square Footage in Pompton Lakes: 1,568 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$193	$302,700
Some Additional Upgrades	$241	$378,375
Major Home Updates or Advancements	$290	$454,050

Calculate Your Pompton Lakes, NJ Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($193) in Pompton Lakes, New Jersey times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $603,125 (Media price to build of $241 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.