NJM Auto Insurance Review: Should you buy in 2024?
NJM car insurance is only available in five states, but coverage rates tend to be lower than the national average.
Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the need ...
Licensed Insurance Agent
UPDATED: Aug 30, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 30, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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NJM Insurance
Average Monthly Rate For Good Drivers
$150A.M. Best Rating:
A+ (Superior)Complaint Level:
LowPros
- High customer satisfaction
- A low number of customer complaints
- Dividend payment for New Jersey residents in some instances
- Customizable policies
- Extensive discounts
- 12-month policy options
Cons
- Coverage in only five states
- No mobile app
NJM offers several car insurance coverage options and auto insurance discounts to help policyholders save money. However, rates with NJM are higher than the national average and may often be higher than other local competitors.
Unfortunately, NJM is only available in five states. If you live in a state that offers NJM coverage, you can go to the company website or call NJM to get more information and see how much your car insurance would cost.
Before you buy a car insurance policy, read NJM’s car insurance reviews online and compare rates with other companies to see who offers the coverage you want at rates that work for you.
What You Should Know About Njm Insurance Group
NJM may be an excellent choice if you live in a state where the company’s insurance is available. NJM offers outstanding customer service and offers many options for people who want customizable auto insurance policies.
According to NJBmagazine, NJM earned J.D. Power’s #1 spot in the Claims Satisfaction Study, and customers agree that NJM’s claims process is straightforward. In addition, NJM insurance reviews suggest the company offers excellent coverage options and has helpful customer service.
The two significant downsides to the company are its lack of presence throughout the U.S. and the fact that it doesn’t have a mobile app. Fortunately, NJM has a mobile-friendly website on which policyholders can file claims and chat with representatives.
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Njm Insurance Group Insurance Coverage Options
NJM offers the following coverage options:
- Liability. This coverage helps if you damage someone else’s car or injure someone in an accident. It can also help with legal fees.
- Medical expenses. This coverage helps with medical costs after an accident.
- Uninsured/underinsured motorist. This coverage will help if you’re in an accident with someone who doesn’t carry the proper insurance.
- Collision. This coverage pays to repair your vehicle if it’s damaged in an accident.
- Comprehensive. This coverage pays to repair your vehicle when it’s damaged in a non-accident incident, such as inclement weather or vandalism.
- Classic and collector car. NJM offers this coverage through American Modern, covering classic, vintage, and collector vehicles.
- Motorcycle and ATV. NJM offers this coverage through American Modern, and it extends to dirt bikes, snowmobiles, and golf carts.
- Boat and watercraft. Through American Modern, NJM also offers liability coverage for personal watercraft.
Along with the coverages listed above, NJM provides add-on coverage options:
- GAP insurance. This coverage pays the difference between how much you owe on your vehicle and its actual cash value.
- Rental reimbursement coverage. This coverage pays you back for any rental car you need after a covered accident.
- Roadside assistance. NJM’s roadside assistance provides 24/7 assistance for jump starts, lockout services, flat tires, and gas delivery.
- Trailer or camper insurance. This is essentially collision and comprehensive coverage for a camper or trailer.
- Rideshare insurance. This coverage helps if you work for a company like Uber or Lyft and are in an accident while on the clock.
With so many coverage options from NJM, you should be able to customize your policy to fit your needs.
Njm Insurance Group Insurance Rates Breakdown
The cost of car insurance varies for several reasons. You won’t know exactly how much you’ll pay for an NJM policy until you get a quote from the company. Still, you can better understand how NJM compares to other companies and the national average.
Teen Drivers
Teen drivers could pay more for coverage with NJM than with other companies.
Average Monthly Full Coverage Teenage Auto Insurance Rates for the Top Insurance Companies
| Insurance Company | 16-Year-Old Male With a Clean Record | 16-Year-Old Female With a Clean Record | 18-Year-Old Male with a Clean Record | 18-Year-Old Female with a Clean Record |
|---|---|---|---|---|
| Geico | $312 | $298 | $254 | $220 |
| State Farm | $349 | $311 | $284 | $229 |
| Nationwide | $476 | $411 | $387 | $303 |
| American Family | $480 | $390 | $390 | $288 |
| Allstate | $638 | $608 | $519 | $448 |
| Farmers | $742 | $778 | $603 | $573 |
| Liberty Mutual | $778 | $716 | $633 | $528 |
| Progressive | $814 | $801 | $662 | $591 |
| Travelers | $897 | $709 | $729 | $523 |
| National Average | $610 | $558 | $496 | $411 |
Rates for teen drivers are 35% higher for boys and 27% higher for girls on average. For more information, see buy cheap auto insurance for teenagers.
Adult Drivers
Young adults also tend to pay more with NJM than the national average. The rates aren’t as significant as teen rates, but NJM rates are still nearly $900 more per year than GEICO’s. For comparison information, see Geico auto insurance review.
While adult drivers pay just over $1,800 a year for car insurance with NJM.
Annual Full Coverage Adult Auto Insurance Rates for the Top Insurance Companies
| Age and Gender | Allstate | Farmers | Geico | Nationwide | Progressive | State Farm | Travelers | National Average |
|---|---|---|---|---|---|---|---|---|
| 30 Y/O Male w/a Clean Record | $2,118 | $1,925 | $1,041 | $1,667 | $1,633 | $1,234 | $1,274 | $1,646 |
| 30 Y/O Female w/a Clean Record | $2,021 | $1,843 | $1,078 | $1,519 | $1,569 | $1,122 | $1,173 | $1,523 |
| 45 Y/O Male w/a Clean Record | $1,919 | $1,595 | $962 | $1,376 | $1,261 | $1,032 | $1,169 | $1,411 |
| 45 Y/O Female w/a Clean Record | $1,941 | $1,602 | $958 | $1,355 | $1,340 | $1,032 | $1,154 | $1,413 |
These rates are around $400 more per year than the national average.
Senior Drivers
Senior Drivers pay more for coverage with NJM than with other companies.
Average Monthly Full Coverage Auto Insurance Rates for Senior Drivers
| Insurance Company | 60-Year-Old Male With a Clean Record | 60-Year-Old Female With a Clean Record | 65-Year-Old Male With a Clean Record | 65-Year-Old Female With a Clean Record |
|---|---|---|---|---|
| Geico | $74 | $73 | $78 | $78 |
| State Farm | $76 | $76 | $84 | $84 |
| Travelers | $89 | $88 | $95 | $94 |
| Progressive | $95 | $92 | $103 | $109 |
| American Family | $99 | $98 | $108 | $106 |
| Nationwide | $104 | $99 | $112 | $111 |
| Farmers | $123 | $115 | $130 | $131 |
| Allstate | $154 | $150 | $157 | $158 |
| Liberty Mutual | $158 | $147 | $169 | $166 |
| National Average | $108 | $104 | $115 | $115 |
With GEICO, senior drivers could pay nearly $600 less per year.
For more information, see buy cheap auto insurance for senior citizens.
Rates after A Speeding Ticket
Rates after a speeding ticket are around $500 more per year with NJM than the national average.
Average Monthly Auto Insurance Rates for the Top Insurance Companies for Drivers with a Traffic Ticket
| Insurance Company | Rates with a Ticket | Rates with a Clean Record |
|---|---|---|
| State Farm | $108 | $91 |
| Geico | $132 | $82 |
| Travelers | $144 | $107 |
| Nationwide | $156 | $120 |
| American Family | $180 | $116 |
| Progressive | $192 | $109 |
| Farmers | $204 | $140 |
| Allstate | $228 | $166 |
| Liberty Mutual | $240 | $177 |
| National Average | $156 | $123 |
NJM’s rates are nearly $1,000 more annually than rates with State Farm. Check for a possible discount at State Farm Drive Safe and Save review.
Rates after an Accident
People with accidents on their driving records will likely have higher rates.
Average Monthly Rates for the Top Insurance Companies for Drivers with an Accident
| Insurance Company | Rates with an Accident |
|---|---|
| Allstate | $237 |
| American Family | $166 |
| Farmers | $198 |
| Geico | $132 |
| Liberty Mutual | $236 |
| Nationwide | $165 |
| Progressive | $190 |
| State Farm | $107 |
| Travelers | $157 |
| Average | $176 |
With NJM, you could end up paying rates that are 28% higher than the national average for car insurance after an accident.
Rates after a DUI
Does auto insurance cover DUI accidents? A DUI can significantly impact your rates. But with NJM, rates for people with a DUI on their record are only around 2% higher than the national average.
Average Monthly Rates for the Top Insurance Companies for Drivers with a DUI
| Insurance Company | Rates with a DUI |
|---|---|
| Allstate | $303 |
| American Family | $177 |
| Farmers | $191 |
| Geico | $213 |
| Liberty Mutual | $325 |
| Nationwide | $252 |
| Progressive | $146 |
| State Farm | $124 |
| Travelers | $230 |
| Average | $218 |
Most people pay around $950 more for coverage with NJM than with State Farm. For more information, see State Farm auto insurance review.
Rates for Drivers with Poor Credit
If you have poor credit, you could pay around $200 more for coverage with NJM than the national average.
Full Coverage Auto Insurance Monthly Rates by Credit Score
Insurance Company Poor Credit Fair Credit Good Credit
Geico $148 $100 $82
Nationwide $165 $132 $120
Travelers $194 $127 $107
State Farm $200 $117 $90
American Family $203 $136 $116
Progressive $206 $137 $109
Farmers $269 $161 $139
Allstate $296 $196 $166
Liberty Mutual $357 $226 $176
Average $226 $148 $123
Rates with NJM are $1,100 higher than rates with GEICO.
For more information, see buy cheap auto insurance for drivers with bad credit.
Minimum Coverage Rates
Liability-only coverage with NJM is 22% higher than the national average. Check the minimum auto insurance required by state for more information.
Average Minimum Coverage Monthly Rates for the Top Auto Insurance Companies
| Insurance Company | Average Minimum Coverage Rates |
|---|---|
| Allstate | $50 |
| American Family | $48 |
| Farmers | $56 |
| Geico | $31 |
| Liberty Mutual | $64 |
| Nationwide | $49 |
| Progressive | $39 |
| State Farm | $33 |
| Travelers | $37 |
| Average | $45 |
On average, NJM liability coverage costs $700 more than GEICO.
Full Coverage Rates
Rates for full coverage auto insurance with NJM are 27% higher than the national average.
Average Full Coverage Annual Rates for the Top Auto Insurance Companies
| Insurance Company | Average Full Coverage Rates |
|---|---|
| Allstate | $1,993 |
| American Family | $1,386 |
| Farmers | $1,674 |
| Geico | $984 |
| Liberty Mutual | $2,120 |
| Nationwide | $1,445 |
| Progressive | $1,310 |
| State Farm | $1,091 |
| Travelers | $1,287 |
| Average | $1,477 |
Full coverage with GEICO costs around half as much, as with NJM. However, it is always recommended to get quotes from multiple different insurance companies before making your decision.
Njm Insurance Group Discounts Available
Some of the discounts NJM offers include the following:
- Multi-policy
- Multi-vehicle
- Paid-in-full
- Auto-pay
- Full coverage
- Safety features
- New car
- Good student
- Driver training
- Defensive driving
- Mature drivers
Discounts can help you save as much as 25% on your car insurance, so you can speak with an NJM representative to see if you qualify for discounts on your coverage.
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Frequently Asked Questions
Does NJM offer other types of insurance?
NJM offers condo, renters, umbrella, and business insurance along with car insurance.
In which states does NJM offer coverage?
NJM offers auto insurance in Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania.
How can I cancel my NJM policy?
You must call the company to cancel your auto insurance policy.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the need ...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
mereditha
NJM is a great company
wagspam
NJM Review
KarlaSan
The worst insurance company ever. Seriously! Be very careful
Dano_93
Trusted Insurance Company
Anniem
NJM Excellent customer service
jagslax220
Great
Mcb1099
Great Rates!
Doodle1996
NJM is a superior insurance company
Jim66
Great Company
PaulRoss
Customer for over 10 years