NJM Insurance Review

  • With 4.6/5 stars in 2024, NJM is an above-average insurance company.
  • Read NJM reviews, complaints and prices before you buy.
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Beth Swanson

SEO Content Strategist

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Beth joined The Zebra in 2022 as an Associate Content Strategist. She is a licensed insurance agent whose goal is to make insurance content easy to r…

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Kristine Lee

Insurance Analyst

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  • Licensed Insurance Agent — Property and Casualty
  • 4+ years of Experience in the Insurance Industry

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a…

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Ross Martin

Insurance Writer

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Ross joined The Zebra as a writer and researcher in 2019. He specializes in writing insurance content to help shoppers make informed decisions.

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NJM insurance: Ratings and reviews

4.6 100% filled Star icon 100% filled Star icon 100% filled Star icon 100% filled Star icon 59.999999999999964% filled Star icon

Rating from The Zebra Question mark icon

NJM (New Jersey Manufacturers) is a regional carrier in the Northeast part of the United States and has been writing insurance policies for over 100 years. Although they only offer personal insurance policies in five states, they have great ratings for both customer service and claims satisfaction. NJM offers a variety of coverage options from auto and home to boat and watercraft, as well as commercial lines. If you're in a qualifying state (CT, MD, NJ, OH, PA) then NJM is worth considering for a great insurance experience at a competitive price.

100% filled Star icon 100% filled Star icon 100% filled Star icon 100% filled Star icon 59.999999999999964% filled Star icon
4.6 stars Rating from The Zebra
Ratings based on price, customer service, coverage, and financial strength.
Get a Quote at NJM
Pros
  • Wide variety of coverages and bundling options

  • Excellent ratings from J.D. Power, A.M. Best and NAIC

  • 100+ years in business

  • Offers an array of qualifying discounts

Cons
  • Personal lines are only offered in five states


Is NJM a good insurance company?

The majority of The Zebra's review incorporates how well NJM scores in terms of customer service. In order to determine that we looked at the following third-party ratings.

Claims Satisfaction: Above average

  • NJM earned Above average marks in J.D. Power's most recent auto claims satisfaction study[1]

Customer Satisfaction: Above average

  • J.D. Power also rated NJM as Above average in overall auto customer satisfaction[2]

Complaint Index: Below average

  • The National Association of Insurance Commissioners (NAIC) receives Below average customer complaints for NJM[3]

Financial Strength: Superior

  • NJM received an Superior financial strength rating from A.M. Best for its ability to pay out claims[4]

The Zebra Customer Satisfaction Survey

In addition to third-party ratings, we also incorporated the results from our own consumer survey where we ranked which car insurance companies are the best based on feedback from real customers. In this survey, NJM scored 8.54/10 overall.

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Top 5 Best Regional Carriers

#2 - NJM ranked second out of the top 5 best regional carriers in the Northeast part of the country.


How much does NJM insurance cost?

Currently, the national average for a 6 month car insurance policy is $880, whereas NJM is about $683 or roughly 22% cheaper than a typical policy, so it is on par some with some of the cheapest auto insurance options available.

The table below shows how NJM auto insurance compares against other top insurers.

Average Monthly Cost by Insurance Carrier
Company Avg. Monthly Premium
Erie $108
USAA $114
New Jersey Manufacturers $114
Arbella $124
GEICO $129
State Farm $131
Amica $144
Plymouth Rock $144
Allstate $201

Like rates with most insurance companies, pricing for NJM auto insurance does vary based on your age and generally will get cheaper the older you get.

The table below shows NJM's car insurance premiums for different age brackets. 

NJM Costs by Age Group
Age Group Avg. Monthly Premium
Teens $244
20s $143
30s $110
40s $103
50s $95
60s $92

The Zebra’s Dynamic Insurance Rating Tool data methodology — auto insurance

The auto insurance rates displayed throughout this page come from The Zebra’s Dynamic Insurance Rating Tool, a proprietary insurance premium estimator that uses the most recent rate filings across the United States at the ZIP code level to provide up-to-date rate data. Most insurance companies file car insurance rates one to two times a year. This data comes from Quadrant Information Services, which sources the latest approved rate filings across carriers in each state from S&P Global. Quadrant then uses an internal QA process to validate the information and build reports before the data is programmed into The Zebra’s dynamic rating tool.

Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage at these levels:

  • $50,000 per person/$100,000 per incident for bodily injury liability
  • $50,000 per incident for property damage liability
  • $500 deductibles for collision and comprehensive coverage

To provide insight to consumers on how specific personal factors (like age, location and coverage level) can affect your premium, this base profile is then adjusted for different factors commonly used by insurance companies. For more information, see our full data methodology.

Discounts offered

Auto insurance discounts can save you money on your premium but are subject to certain qualifications, so be sure to check with NJM if you're curious about potential discounts. Below are some of the discounts available from NJM: 

  • Multi-policy - If you bundle your auto insurance with another policy, such as renters or homeowners, you can earn a multi-policy discount.
  • Paid-in-full - NJM rewards customers who pay their entire premium up-front, versus monthly payments. You may be able to combine this with a paperless discount or electronic payment to save even more.
  • Defensive driving - Although only available to NJ drivers, you can save money for up to three years by taking an approved defensive driving course.
  • Good student - If you're in high school or college and have maintained a B average, 3.0 GPA, made the Dean's List, or Honor Roll, then you may qualify for a discount.

NJM offers other savings opportunities, as well, such as a mature driving discount. View all of NJM's discounts here

Search, compare and buy all on one site. Start saving today!

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What types of coverage does NJM offer?

One key factor in the carrier review process is looking at the types of insurance coverage a company offers. NJM offers the basic coverage options you'd expect from a well-rounded insurance company, including liability, collision, comprehensive, and uninsured/underinsured motorist coverages. 

Here are some of the extras and add-ons you can take advantage of when insuring your vehicle with NJM.

  • Bundling options - Many consumers like to bundle their auto policy with homeowners, renters or condo policies to keep things simple and generally get added savings. NJM offers a variety of other coverages, including boat, motorcycle, flood, and personal umbrella here.
  • Roadside assistance - NJM's roadside assistance coverage provides lock-out service, 24/7 towing, flat tire changes, or battery recharge. This includes labor on location or a tow to a service center. 
  • Gap insurance - If your car is considered a total loss after an accident, and you owe more than the vehicle is worth, gap insurance can help cover some or all of the difference, which can be a big financial help in certain circumstances.
  • Rental car reimbursement - If you're unable to drive your vehicle after a covered accident, NJM can reimburse your expenses from taxi or rideshare services, or a rental car, depending on on your specific expense limits.

Read more about NJM's coverages here.

NJM logo

NJM SafeDrive

NJM's SafeDrive is a telematics program that monitors your driving habits to encourage safe driving and provides a discount as an incentive. You'll automatically see savings just from enrolling and you can use the feedback the app provides to improve your skills behind the wheel. Some of the habits SafeDrive monitors are acceleration, braking, cornering, and distracted driving. There is even a Leaderboard feature where you can compare your skills to those of others in the spirit of friendly competition! 

Learn more about NJM's SafeDrive program here.


NJM insurance review: Summary

For those in the Northeast looking for a well-established company with affordable insurance products, NJM is a great contender. Although only available in five states for personal insurance offerings, the benefits tend to outweigh the limitations for drivers in these locations. NJM offers traditional discounts, bundling opportunities, and products to fit the needs of the average driver and consumer — all with a competitive price tag. NJM's years of experience in the industry is also reassuring, especially for those who want more confidence in switching to a new insurance carrier.

Methodology — how The Zebra reviews insurance companies

The team of insurance experts at The Zebra considers the company's standing in five main categories to come up with an overall rating. These metrics are weighted according to importance and are detailed below:

  • Price (20%): Using the base profile detailed below, we compared the company's average rate with the national average. If it surpassed this average, we gave a lower rating; if it fell below, we awarded a higher rating.
  • Coverage (20%): The highest-scoring companies offer a variety of coverage options, including bundling options, roadside assistance, telematics, beyond-basic coverage levels, and a variety of other coverage types.
  • Customer service (30%): We averaged ratings from JD Power, the NAIC complaint index to come up with a rating for the company's customer service. In instances when a company is not rated, we may use alternative rating agencies such as the Better Business Bureau and Trust Pilot.
  • Financial strength (10%): We use AM Best to determine a company's financial standing. In some cases when a company is not rated by AM Best, we may use an alternative measure such as Demotech.
  • The Zebra's Customer Satisfaction Survey (20%): The Zebra conducts an annual survey measuring customer satisfaction for many of the top insurance companies with the goal of ranking both the best auto insurance companies and best home insurance companies. Read more below.

For our auto insurance review, we analyzed more than 83 million insurance rates spanning every U.S. ZIP code using a sample user profile: a 30-year-old single male driver with a Honda Accord, good credit and full coverage at these levels:

  • $50,000 per person/$100,000 per incident for bodily injury liability
  • $50,000 per incident for property damage liability
  • $500 deductibles for collision and comprehensive coverage

For our home insurance review, rates are based on a sample user profile: a 45-year-old married homeowner living in a 2,500-square-foot single-story home built in 2011 with these coverage levels:

  • $200,000 for the dwelling
  • $20,000 for other structures
  • $100,000 for personal property
  • $100,000 for personal liability
  • $1,000 deductible

These sample premiums are dynamic and automatically refresh whenever the newest data is made available.

To generate pricing for particular rating factors, we adjusted this profile based on common pricing factors used by major car insurance companies. These factors include credit score, coverage level and others.

For The Zebra's Customer Satisfaction Survey, findings are based on an online quantitative survey of 4,134 current U.S. auto and home insurance customers, with Census-balanced sampling by age, gender and region. Categories with n=<20 responses are considered insufficient sample size and are not reported. This survey was developed by The Zebra and executed by independent research firm Maru/Blue in 2023.


NJM insurance: Frequently asked questions

NJM is a highly regarded insurance company, particularly for those in the Northeast, offering a wide range of coverage options, competitive pricing, and excellent ratings from reputable sources like J.D. Power, A.M. Best, the NAIC as well as The Zebra's customers making it a strong choice for drivers in the five states it serves.

NJM stands for New Jersey Manufacturers. They started as a workers' compensation insurer for New Jersey manufacturers and have since expanded their offerings.

No — NJM, or New Jersey Manufacturers, is available to residents of Connecticut, Maryland, Ohio, and Pennsylvania as well as New Jersey.

According to The Zebra's data, NJM car insurance is actually less expensive than average. However, NJM might be more expensive for you depending upon your chosen coverage level and unique driver profile. If you feel your rate with NJM is high, compare your rates with quotes from other companies to ensure you are getting the best price.

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About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.