NJM Auto Insurance Review for 2024

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Zach Fagiano

Licensed Insurance Broker

Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...

Licensed Insurance Broker

Jeffrey Manola

Licensed Insurance Agent

Jeffrey Manola is an experienced insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for insurance with the most affordable rates available. Not only does he strive to provide consumers with the best prices for insurance coverage, but he also wants those on the market for insurance to ...

Licensed Insurance Agent

UPDATED: Nov 27, 2023

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Back when the company originally started, New Jersey Manufacturer (NJM) insurance was meant to help workers find affordable workers compensation insurance. But the company has been through several changes since it was formed in 1913. Today, they have expanded to the point where they now offer auto insurance, commercial automotive insurance, homeowner’s and renter’s insurance to property owners who need them – if they fit the employment requirements, that is. In order to qualify for a policy, your current employer must be a member of the New Jersey Business & Industry Association.

NJM Insurance Review

It appears as though NJM is strong both in its financial standing and with its customer service. AM Best has evaluated their financial strength and deemed them to be A+, or “superior”. And as far as customer service goes, they have very high ratings from JD Power as well as the BBB, with very few complaints filed against them.

Ratings Agency Rating
AM Best Financial Strength Rating (2016) A+
JD Power & Associates Rating 5 out of 5
Complaint Ratio per Vehicle (NJ, 2012) 0 / 817,632
NAIC Complaint Index (2012) 0.13
Better Business Bureau (2016) A+

NJM Insurance Discounts

In addition to offering discounts on its auto policies, NJM insurance also pays out dividends to their customers. Their dividend system works similarly to a rebate in that at the end of every 12-month period, they apply your dividend to the premiums of your next policy. This helps make future premiums even more affordable, in addition to the discounts they offer.

Discount Type Discount Amount
Bundled Homeowner’s Insurance Policy 5%
Anti-Theft Discount 5 – 25% on Comprehensive premium
Defensive Driving Course (NJ) 5% for up to three years
Mature Driver Improvement (PA) 5% for up to three years

(*NJM.com, 2016)

NJM Auto Insurance Options

NJM policies are specially crafted to conform to the driving laws in the state of New Jersey, and to give drivers the options they need for optimal protection. If you are eligible to purchase an auto policy from NJM, your basic plan will include the following:

  • Roadside Assistance
  • $15,000/$30,000 Bodily Injury Liability coverage
  • $5,000 Property Damage Liability coverage
  • $15,000/$30,000 Uninsured/Underinsured Motorist Bodily Injury coverage
  • $5,000 Uninsured/Underinsured Motorist Property Damage coverage
  • $15,000 PIP coverage

For details on other popular forms of coverage, such as Collision and/or Comprehensive coverage, you’ll have to get in touch with an NJM insurance agent. Policy holders also have the option of raising or lowering their deductible depending on what their needs are.

Comparing NJM Insurance Quotes

NJM claims that their customers can save 20% over their competition when you purchase their automotive insurance policy. If you’re thinking about getting a policy from JNM, take a look at the estimated quotes below for comparison:

NJM Auto Insurance Quote ComparisonLegend: NJM Married HomeownersSenior CoupleSingle Renter 153045607590105120135150165$172$96$106

Married Homeowners
Senior Couple
Single Renter





Also, keep in mind that various personal circumstances, such as your credit score or your driving record, can make your premiums go up. In extreme cases, they could eliminate your eligibility for coverage. If you’re concerned about your eligibility, then you should talk to an NJM agent about which circumstances might disqualify you.

Pros and Cons of NJM Insurance

Pro Con
Competitive car insurance rates and offerings Insurance only available to employees of select organizations
High satisfaction with claims processing and coverage Coverage only available in New Jersey and Pennsylvania

NJM seems like a pretty solid company. They have a reputation for good customer service, as well as a strong financial foundation. However, it may be difficult to find an agent willing to sell you a policy. The company only underwrites automotive insurance in NJ and PA, and you must be an employee of a business which belongs to the NJBIA. But if you live in the right state and your employment status qualifies you for an NJM insurance policy, just make sure you compare their prices to other providers in your area. It’s the only way to make sure you’re getting a fair rate.

Corporate Headquarters
301 Sullivan Way
West Trenton, NJ 08628
Phone: 609-883-1300
Fax: 609-883-0653

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