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Dividends and Discounts

NJM is known for dividends. From our earliest days, one of our primary goals has been to return as much money as prudently possible to our policyholders. Dividend payments have been made every year since 1918, a cumulative total of more than $5.0 billion.

While not guaranteed in the future, Regular Dividends are typically credited at the end of each 12-month policy contract and are used to reduce your premium payment.

The current Homeowners Regular Dividend is 5%, which is paid on expiring policies.

In addition to the 13% discount for participating in our Home Replacement Cost Program, the following discounts are available to NJM Homeowners policyholders who meet the proper criteria.

See if you qualify for a discount

Automobile Policyholder Credit

If you have both a Homeowners and a Personal Auto policy with NJM Insurance Group, you may be eligible for a 15% discount on your Homeowners premium. We will automatically apply the discount to your policy if you are eligible.
New Home

New Jersey - Discounts ranging from 1% to 31% are applied automatically to any home that is less than 18 years old.

Pennsylvania - Discounts ranging from 2% to 25% are available for homes less than 12 years old.

The age of the dwelling is determined by the time since completion of the original construction. This discount applies to Homeowners policies only.
Premises Alarm or Fire Protection

Credits from 2% to 18% are available for various types of burglar alarms, smoke alarms, fire alarms and automatic sprinkler systems. Applications are available here for New Jersey PDF residents and Pennsylvania PDF residents.

Percentage of Discount

Alarm Type
2%

Local smoke or local burglar alarm.
3%

Smoke or burglar alarm connected to Fire or Police Department.
5%

Smoke or burglar alarm connected to Central Station.
8%

Automatic Sprinkler in all areas except attic, bath, closets and attached structure areas protected by a smoke detector.
13%

Automatic Sprinkler in all areas including attic, closets, bath and attached structures.

 

  • Maximum discount for both local smoke and local burglar alarm is 2%.
  • All other smoke and burglar alarm combinations should be added together for new total discount
  • The maximum discount available is 18%.