Alyssa Lane
NJM Insurance Group offers a range of insurance products and services to residents of Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania. The company has been in business since 1913 and has a national reputation for outstanding customer and claims satisfaction. NJM offers auto, homeowners, condo, renters, and personal umbrella insurance policies, as well as commercial insurance options for businesses. The company has received recognition and awards for its auto insurance claims experience, and customers have praised its reasonable rates and professional claims handling.
| Characteristics | Values |
|---|---|
| Types of Insurance | Auto, Home, Renters, Condo, Personal Umbrella, Commercial Package, Businessowners, Commercial Excess |
| Available in States | Connecticut, Maryland, New Jersey, Ohio, Pennsylvania, Delaware |
| Discounts | Yes, for multi-policies, driver training for under 21-year-olds, and other eligibility criteria |
| Cookie Policy | Yes, for improved user experience |
| J.D. Power Certified | Yes, for seven years in a row as of 2024 |
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What You'll Learn
Auto insurance
NJM Insurance offers auto insurance to residents of Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania. The company has been certified by J.D. Power for providing "An Outstanding Auto Claims Experience" seven years in a row, and was also recognized by Forbes as one of the World's Best Insurance Companies in 2024, ranking fifth for U.S. auto insurance.
NJM offers all the usual coverage, including liability, other state-required coverage types, comprehensive and collision, and roadside assistance. If you buy comprehensive and collision coverage, NJM’s policies also include a few extras: new car replacement, transportation expense reimbursement, and pet coverage. You can also add gap insurance for an additional cost.
NJM offers a range of discounts to its customers. These include a discount for enrolling in the insurer’s automatic payment plan, paying your policy premium in full, and signing up for paperless delivery of documents. There is also a discount for good students, as well as for bundling your auto insurance with homeowners, condo, or renters insurance. Senior drivers who complete a driving course can also qualify for a discount, and insuring more than one car on the same policy will earn a discount. Finally, you can qualify for a discount if you have a vehicle that is 2 years old or less.
NJM SafeDrive is a smartphone app that offers drivers feedback on acceleration, speed, braking, distracted driving, and more. If you enroll in NJM SafeDrive, you automatically receive a participation discount on your car insurance premium.
NJM has affordable average coverage, with an average monthly rate of $34 per month for liability-only insurance and $54 for full-coverage insurance. These rates fall well below the national monthly averages.
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Homeowners insurance
NJM Insurance Group offers homeowners insurance to residents of Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania. The company has been certified by J.D. Power for providing "An Outstanding Auto Claims Experience" for seven years in a row.
There are two types of homeowners insurance policies: HO-3 and HO-5. Both cover damage to the dwelling and other structures from all but excluded causes of loss. HO-3 and HO-5 differ in that HO-3 covers named perils, while HO-5 covers open perils. Named perils list specific causes of loss that would be insured, such as theft and fire, whereas open perils cover all causes of loss that aren't specifically excluded.
It's important to note that homeowners insurance does not cover a home-based business or rental property. For rental property coverage, landlords can purchase dwelling insurance, which addresses the coverage needs of landlords who don't live on the insured property.
NJM also offers discounts on homeowners insurance for customers who take additional steps to protect their homes, such as installing a security system.
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Condo insurance
NJM Insurance Group offers condo insurance to residents of Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania. Condo insurance is designed to meet the unique needs of condo owners, insuring the interior of the condo unit, personal property, and liability.
A standard condo insurance policy from NJM covers appliances, interior walls, and floors (if they are the responsibility of the condo owner), as well as personal property, personal liability, and medical payments to others for injuries suffered in the unit. Depending on the association agreement, condo owners may also need coverage for the walls or floors inside their units.
NJM allows customers to personalize their condo insurance policies to fit their unique needs. Endorsements allow customers to add coverage for valuable items like jewelry and family heirlooms, as well as coverage for credit card fraud or identity theft. Customers can also increase their coverage limits for certain categories of personal property, such as money, securities, jewelry, watches, furs, firearms, silverware, electronics, and computer equipment.
When determining the coverage and cost of condo insurance, it is important to consider the value of one's belongings and their ability to recover financially from a possible loss. To help customers determine their insurance needs, NJM recommends walking through their condo and adding up the cost of everything inside, from appliances to clothing to custom renovations.
In addition to its standard coverage, NJM offers additional benefits to condo owners, such as temporary housing reimbursement if the condo becomes uninhabitable due to covered damage, and discounts for security systems and other measures taken to protect one's home and family.
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Renters insurance
NJM Insurance Group offers renters insurance to residents of Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania. The company works with customers to create a custom policy that fits their needs.
A renters insurance policy from NJM can cover personal property, personal liability, and medical payments to others. For example, if you need to repair or replace personal belongings, NJM has got your back. The company will also pay for covered damage up to your coverage limits, and if you need to vacate your apartment due to covered loss, they will cover living expenses beyond your normal costs.
NJM Insurance has been certified by J.D. Power for providing "An Outstanding Auto Claims Experience" for seven years in a row, demonstrating their commitment to customer satisfaction.
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Personal umbrella insurance
NJM Insurance Group offers personal umbrella insurance to residents of Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania. Personal umbrella insurance provides additional liability coverage in case damages exceed the limits of your auto or homeowners insurance policy.
Umbrella insurance is designed to provide higher limits of liability insurance for your car insurance and homeowners policies. For example, if you are sued following a covered car accident, your umbrella policy limit can provide another level of protection above the liability limit of your auto policy. Similarly, if someone is injured in your home and makes a claim against you that is covered by the policy, umbrella coverage can protect you above your homeowners policy’s liability limit.
Umbrella policies are available to current NJM auto policyholders and current NJM homeowners policyholders who do not own a vehicle. The actual price of the policy will vary based on your specific liability exposures and the coverage limit chosen. Your auto and homeowners policies will each need to have a minimum liability limit, and members of homeowners or condominium associations need to have a minimum amount in loss assessment protection.
NJM Insurance has been certified by J.D. Power for providing personal lines customers with “An Outstanding Auto Claims Experience” seven years in a row. The company prides itself on its commitment to customers and has a national reputation for outstanding customer and claims satisfaction.
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Frequently asked questions
NJM offers auto, homeowners, condo, renters, and personal umbrella insurance policies.
NJM offers all the usual coverage, including liability, other state-required coverage types, comprehensive and collision, and roadside assistance.
A homeowners insurance policy typically covers fire damage to your home, personal property, and other structures on your property.
Endorsements allow you to add coverage for valuable items, jewellery, and family heirlooms, as well as coverage for credit card fraud or identity theft.
NJM offers rideshare insurance, accident forgiveness, and transportation expense reimbursement if your car is being repaired.
