Getting an affordable auto insurance policy is the priority of any driver. But what happens is that the average annual rate surges after an accident. Some insurers surge the rates heavily after your car gets involved in a car accident. However, if you’re looking for an insurer that offers affordable rates after an accident, go for the New Jersey Manufacturers (NJM) Car Insurance.
NJM Car Insurance is available in New Jersey, Connecticut, Pennsylvania, Maryland, and Ohio. The insurer offers various policy coverages and comes with discounts that further lower your premiums. NJM Car Insurance is unique because it provides insurance for specialty vehicles like boats, motorcycles, and vintage cars.
So, what are the NJMCar Insurance quotes? How much does minimum and full coverage insurance from NJM cost? What are the coverages and discounts offered? Is it worth taking an NJM Car Insurance policy? Our research has all the answers!
| PROS | CONS |
|---|---|
| Has good financial standing | Only available in five states |
| Working with local agents gives you personalized experience | Cannot by the policy online |
| Offers competitive policy rates even after you get involved in an accident | It doesn’t offer a mobile app |
| Can get quotes online and offers unique discounts | Additional cost for roadside assistance |
| Good customer service | Only New Jersey drivers are eligible for the defensive driving discount |
| Provides insurance for rideshare drivers |
NJM Car Insurance offers you these unique features.
| Unique Features | What does it do |
|---|---|
| Rideshare insurance | If you’re a rideshare driver, your company’s insurance may not provide the propercoverage. This insurance can link the gap between your personal auto insurance policy and the business policy of the rideshare service. |
| Roadside assistance | This feature is available 24/7. It helps you tow your car to a repair shop when it requires work due to a breakdown. It also provides flat tire changes, jump starts, lockouts, and petrol deliveries. It reimburses up to $75 for each emergency or a reimbursement of up to $125 per emergency. |
| Transportation expenses | The company will cover your transportation costs while your car is under repair after an accident. You will get reimbursement for using a rental car, taxi, or ride-sharing service. |
| Gap insurance | It will help you pay off your car loan or lease when your car is damaged,gets stolen, and you owe more than the vehicle is worth. |
| New car replacement | It will cover the cost to replace your car minus the deductible. There are some conditions for this.
● You’re the original owner of this new car with less than 1,000 miles. ● You need to file the claim within the first 12 months of your purchase. ● The car should have less than 15,000 miles on it during claim filing. |
| Pet injury coverage | It pays you up to $1,000 for medical expenses if your dog or cat gets injured in an accident covered by your policy. You will get this benefit when you purchasecomprehensive or collision coverage from NJM. |
| Trailer or camper body coverage | It serves as collision and comprehensive insurance for a trailer or camper. This coveragepays you for repairs or replacement if your trailer or camper’s body is damaged. |
These are the basic coverages provided by the company.
Be aware that the coverage type and levels differ by state. The specialty is that NJM offers coverage for collector cars, motorcycles, ATVs, boats, and personal watercraft.
Our research found that NJM Car Insurance quotes are reasonable. For a minimum coverage policy, the average annual premiumcomes to around $924, and that of full coverage policy is $1,924. NJM doesn’t increase the policy rates even after an accident. Your region and ZIP code, credit history, gender (except in Pennsylvania), driving history, and marital status determines your annual premium. People living in Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania can also get NJM Car Insurance. Try getting NJM Car Insurance quotes if you’re looking for affordable auto insurance companies in these states.
NJM offers a lower average annual premium rate than other insurers and the national annual average rate when it comes to teen drivers. The national average annual rate is around $4,963.
| Age Bracket and Gender | Average annual premium |
|---|---|
| <18 or 18-year-old | $2,838 |
| Type of Drivers | Average annual premium |
|---|---|
| Drivers with a speeding ticket | $1,650 |
| Drivers after an accident | $1,924 |
| Drivers with a DUI | $1,650 |
| NJM Average Annual Full Coverage Premium | National Average Annual Full Coverage Premium | |
|---|---|---|
| Clean Driving History | $1252 | $1780 |
| Speeding ticket | $1379 | $2148 |
| Coverage Lapse | $1614 | $1959 |
| Adding a 16-year old driver | $2357 | $3862 |
Despite reasonable policy rates, the company offers various discounts to the customers. But, the availability of these varies based on your location. Listed below are some of the discounts offered by NJM.
Our research found that most NJMCar Insurance reviews are positive. Most of the customers are happy with the NJM Car Insurance customer service. The company has a positive reputation when it comes to satisfying its customers. Most NJMCar Insurance reviews show that the company processes the claims quickly and proficiently. Many customers also said that claim approvals are fair and exact. The well-informed and transparent staff of the company is another positive factor for them. However, some customers also have disapproval of the policy rates. Some customers alleged that the company used credit scores to determine the policy premiums,which wasn’t fair and unexpected from such a reputed firm.
NJM Car Insurance is a good option if you’re looking for an affordable insurance policy. There are many coverages and discounts that they offer. The best factor is that NJM Car Insurance doesn’t charge higher premiums after an accident. However, the only drawback is that it is available only in five states. Also, coverages and discounts vary by state.
New Jersey Manufacturers Insurance is unique as it provides insurance to inhabitants of only a few Northeastern states. Because of its geographical focus, the companycanoffer coverage options that may be attractive to consumers who live in colder climates. The company also has various unique characteristics that set them apart from its competitors. Starters can get online NJM Car Insurancequotes, making it easier for them to compare the rates with other insurers.
The SafeDrive mobile app from NJM is available on Google Play and the App Store. The app monitors your driving habits to offer insurance premium discounts. Butmany customers have reported that the app has issues and that customers are driving while sleeping.Customers can also use the company’s photo estimateapp to getquick estimates after an accident. You can get this app only in App Store.
AM Best has givenNJM Group an A+rating for financial strength. So, you can expect the company to pay out claims easily when you file one. So, if you live in certain East Coast states and want a hassle-free insurance claims process, NJM’s affordable insurance policies will attract you!
New Jersey Manufacturers Insurance Company, or NJM Insurance Company, was founded in 1913 as a workers’ compensation insurance company. The company started selling commercial and personal auto insurance, as well as home insurance, in 1921. NJM has its headquarters in West Trenton, New Jersey. Earlier, it only offered auto insurance to its members, but in 2018, it opened up to the general public. Apart from personal and commercial auto insurance, the company also offers homeowners insurance, umbrella insurance, business insurance, and more coverage alternatives in a few other nearby states.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
The average annual premium for minimum coverage comes to around $924. The average annual premium of full coverage insurance costs you around $1,924.
Yes. In the majority of cases, your NJM policy will cover the use of the rental vehicle.
Yes. It will help you pay off your car loan or lease when your car gets damaged or stolen.
Yes. Though available only in five states, it offers affordable rates for auto insurance policies. Also, AM Best has given an A+ rating for financial strength, which indicates that the company will quickly payout the claims. NJM Car Insurance customer service also has very positive reviews.
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