Home Insurance in Shrewsbury, New Jersey
The median home value in Shrewsbury is $811,400, 34% higher than the Monmouth County median.
The typical home in Shrewsbury was built around 1969. About 44% of homes were built before 1960, about 14 points above Monmouth County's 30%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Shrewsbury is 91% single-family homes and 9% apartments in buildings with 5+ units.
About 66% of owner-occupied homes in Shrewsbury have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Shrewsbury has an owner-occupancy rate of 86% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Shrewsbury, 90% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Shrewsbury? FEMA's National Risk Index points to strong wind (Very High) in Monmouth County and Monmouth County had 19,533 active NFIP flood policies as of September 2026. See the full Monmouth County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in New Jersey is $1,551 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $811,400 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Monmouth County | 19,533 |
| Home insurance premium | $1,551 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)