NJM
New Jersey Manufacturers Insurance Company has been selling insurance since 1913. The property and casualty mutual company operates under the name NJM Auto Insurance, providing coverage mainly in the Northeast. The organization transitioned away from an exclusive membership of policyholders in 2018 and now offers moderate premiums and superior claims processing to the general public.
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Average annual rate for good drivers:
$1,391
Average annual rate for drivers with a speeding ticket:
$1,391
Complaint level:
Low
Pros
- Highly competitive insurance rates for all types of drivers, not just those with a good driving record.
- Offers a special perk of pet injury coverage if your dog or cat is hurt in an auto accident.
- Drivers for Uber or Lyft can obtain rideshare insurance with NJM.
- NJM has a much lower level of complaints compared to the industry average.
Cons
- Only offered in five states (Connecticut, Maryland, New Jersey, Ohio and Pennsylvania).
- The defensive driving discount is only available to drivers in New Jersey.
Details:
Grade from Collision Repair Professionals:
C
Accident Forgiveness:
Yes
New Car Replacement:
Yes
Gap Insurance:
Yes
Diminishing Deductible:
No
SR-22s:
Yes
Usage-Based Insurance:
Yes
Pay-Per-Mile Insurance:
No
Discounts:
- Vehicle equipment discount: Folks who drive cars equipped with anti-theft features or other safety features like anti-lock brakes can save money.
- Paperless discounts: If you enroll in electronic document delivery, you could qualify for a discount.
- Paid-in-full discount: If you pay for your entire premium upfront instead of making monthly payments, you could save money.
- Bundling discount or multi-policy discount: Policyholders with more than one insurance policy with NJM, such as home and auto insurance, can get a price break.
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