Compare average insurance rates in Elizabeth for 2026
🏠
Home
$1938
/year
🚗
Auto
$2750
/year
🏥
Health
$550
/month
💰
Life
$23
/month
🏢
Renters
$22
/month
Home Insurance in Elizabeth, NJ
The average cost of homeowners insurance in Elizabeth, New Jersey is $1,938 per year in 2026. This compares to the state average of $1,550 per year.
$1,938per year (avg in Elizabeth)
$1188NJ avg: $1,550$2875
Factors Affecting Home Insurance in Elizabeth
🏠
Home Value Average: $460,000
🌪
Weather Risk medium
🌊
Flood Zone 12% of properties
📈
Cost Index 1.25 (100 = national avg)
⚠️
Hurricane Zone: Elizabeth is located in a hurricane-prone area. Home insurance premiums may include wind and storm surcharges. Coastal surcharges may apply to properties near the shoreline.
Home Insurance Coverage Comparison
Coverage Tier
Dwelling Coverage
Personal Property
Liability
Est. Annual Cost
Basic (HO-1)
$368,000
$184,000
$100,000
$1,453
Standard (HO-3)
$460,000
$230,000
$300,000
$1,938
Premium (HO-5)
$575,000
$345,000
$500,000
$2,616
Auto Insurance in Elizabeth, NJ
The average annual cost of auto insurance in Elizabeth is $2,750, compared to the New Jersey state average of $2,200.
$2,750per year (avg in Elizabeth)
$1750NJ avg: $2,200$3875
📋
Minimum Coverage in New Jersey: 15/30/5
⚖️
No-Fault State: New Jersey is a no-fault insurance state. This means your own insurance pays for your injuries regardless of who caused the accident. Personal Injury Protection (PIP) coverage is required, which can increase premiums.
Auto Insurance Coverage Comparison
Coverage Level
Liability
Collision
Comprehensive
Est. Annual Cost
Liability Only
State Minimum
None
None
$1,512
Full Coverage
100/300/100
$500 deductible
$500 deductible
$2,750
Premium
250/500/250
$250 deductible
$250 deductible
$3,575
Health Insurance in Elizabeth, NJ
The average monthly health insurance premium in Elizabeth is $550 per month. Costs vary significantly based on plan tier, age, tobacco use, and household size.
$550per month (avg individual plan)
Health Insurance Plan Tiers
Plan Tier
Avg Monthly Premium
Typical Deductible
Out-of-Pocket Max
Best For
Bronze
$396
$7,000
$9,100
Healthy, low usage
Silver
$550
$4,500
$9,100
Moderate usage
Gold
$687
$1,650
$8,700
Regular medical needs
Platinum
$825
$0
$4,500
High usage / families
Life Insurance & Renters Insurance in Elizabeth
💰 Life Insurance
$23
per month (20-year term, $500K)
Life insurance rates in New Jersey are based on age, health, and coverage amount. A healthy 35-year-old can expect to pay around $23/mo for a 20-year term policy with $500,000 coverage.
🏢 Renters Insurance
$22
per month (avg in Elizabeth)
Renters insurance in Elizabeth covers personal belongings, liability, and additional living expenses. The state average is $/mo. Most policies include $30K–$50K in personal property coverage.
Insurance Cost Calculator for Elizabeth
Estimate your total annual insurance costs based on your personal profile.
The average home insurance cost in Elizabeth, NJ is $1,938 per year for a standard HO-3 policy. Rates range from $1,188 to $2,875 depending on your home value, coverage level, deductible, and specific risk factors.
The average auto insurance premium in Elizabeth is $2,750 per year for full coverage. Liability-only coverage averages around $1,238 per year. New Jersey requires minimum coverage of 15/30/5.
Insurance costs in Elizabeth are above the national average (cost index: 1.25). Home insurance averages $1,938/yr and auto insurance $2,750/yr. Higher costs are driven by hurricane exposure.
Key factors include: local cost of living (index: 1.25), hurricane exposure, average home values ($460,000), your personal claims history, credit score, and no-fault insurance laws in New Jersey.
Top strategies: bundle home and auto (save 10-25%), raise deductibles, maintain good credit, compare quotes from 3+ insurers annually, and ask about available discounts. Elizabeth residents can potentially save $938+ per year.
New Jersey requires minimum auto liability coverage of 15/30/5 (bodily injury per person / per accident / property damage in thousands). As a no-fault state, PIP coverage is also required.
Compare Insurance Quotes in Elizabeth
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