Storm of Rate Hikes: Over 50 N.J. Insurers Just Got Green Light Eric Scott Published: October 15, 2025 NJ homeowners are getting hit with double digit increases on their home insurance policies. (DOBINJ/Canva/Townsquare Media illustration)
š Insurance storm brewing: Nearly half of N.J. homeowners insurers seek rate hikes in 2025
š Dozens of companies approved for major increases ā some over 20%
š Homeowners urged to shop around as more rate hikes loom
ā N.J. Homeowners Slammed with Soaring Insurance Rates
š² Half of insurance companies seek hikes, some over 20%
New Jersey homeowners are facing a harsh new reality as nearly half of the stateās 127 homeowners insurance companies have filed for rate increases in 2025 ā with more than 50 already receiving state approval.
It is