E & K Agency - Lakewood
1195 Highway 70, Ste 3, Lakewood, NJ 08701
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Lakewood households and business owners trust local agents to navigate carrier appetite shifts, underwriting requirements, and the claims process.
Compare local agents, coverage options, and specialties to find the right fit for your insurance needs.
1195 Highway 70, Ste 3, Lakewood, NJ 08701
View this agency's profile to learn more about their services.
Learn about insurance coverage options specific to Lakewood residents.
Lakewood home insurance costs are rising 20-22% in 2025. Learn about earthquake coverage, rebuild costs for mid-century homes, and how to save on premiums.
California now requires minimum liability coverage of $30,000 per person for bodily injury, $60,000 per accident for bodily injury, and $15,000 for property damage (30/60/15). These limits doubled from the previous 15/30/5 requirements and take effect when your policy renews. The change aims to provide better financial protection given today's medical costs and vehicle values.
The average car insurance cost in Lakewood is approximately $1,909 per year or about $159 per month. Currently insured drivers typically pay around $135.75 per month, while those shopping for new coverage pay closer to $183.91 per month. Your actual rate depends on factors like your driving history, age, vehicle type, and coverage levels.
While not legally required, renters insurance is highly recommended for Lakewood tenants. Your landlord's policy doesn't cover your personal belongings or protect you from liability claims if someone is injured in your apartment. Renters insurance typically costs only $15-30 per month and provides both property coverage and important liability protection.
Homeowners insurance rates in Los Angeles County have risen due to increased wildfire risk across the region, which has prompted several major insurers to pull back from the California market or cancel policies. Recent fires like the Palisades and Eaton blazes are likely to push rates even higher. Even areas like Lakewood that aren't in high-risk wildfire zones are affected by the broader regional market challenges.
While California's new $30,000/$60,000/$15,000 minimums are legally sufficient, they may not provide adequate protection. Medical bills and vehicle damage from a serious accident can easily exceed these limits, leaving you personally liable for the difference. Most insurance experts recommend at least 100/300/100 coverage or adding an umbrella policy for additional protection.
You can reduce insurance costs by bundling your auto and home or renters policies with one carrier (typically saving 15-25%), increasing your deductibles, maintaining a clean driving record, and shopping around with multiple carriers or local agents. Also consider available discounts for things like good student grades, safety features in your car, or home security systems.
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