NJM Auto Insurance Review: Should you buy in 2024?

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. 

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.

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.

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.

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.

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.

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.

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. 

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.

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.

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.