NJM operates in a mutual fashion, for the sole benefit of our policyholders. There are no stockholders whose concerns about profits conflict with policyholders receiving exemplary service and superior claims handling. In fact, we consider ourselves to be a service organization, not just another New Jersey insurance company.
NJM policies run for a full year, not just six months, the way most other auto insurers issue coverage. Our way ensures your rates will be stable for the entire 12 months. NJM offers many benefits to policyholders including:
Auto Insurance Dividends
Dividend payments, while not guaranteed in the future, have been made every year since 1918, for a cumulative total of more than $6.0 billion.
A Savings of 20% Over Competitors
Percentage is based upon a comparison of the average NJM premium with the average statewide premium as reported by the New Jersey Department of Banking and Insurance .
Discounts for Drivers
You may qualify for the following discounts: Homeowners Companion, Multi-Car, Anti-Theft, Driver Training, Defensive Driving and Good Student.
NJM car insurance policies include roadside assistance. This value-added service, which includes emergency towing, is available 24/7 anywhere in the United States or Canada.
Nationally Recognized Customer Service
NJM was privileged to earn the top spot nationally in a 2015 survey for claims satisfaction by a leading consumer publication.
A.M. Best Company, the country’s primary insurance rating agency, rates NJM “A+” (Superior) for financial strength. That's a sign of security that policyholders can trust.
Do I Qualify For NJM Auto Insurance?
You are eligible to apply for NJM car insurance coverage if you or your spouse are:
- Currently employed by a member organization of the New Jersey Business & Industry Association (NJBIA); or
- Currently employed by the State of New Jersey; or
- Currently employed by a New Jersey county, municipality, or township; or
- Currently employed by a New Jersey public school; or
- Currently employed by the federal government; or
- The named insured or resident spouse on a current or previous NJM policy for car insurance or homeowners insurance; or
- A current or previous resident insured operator of a vehicle covered under an NJM car insurance policy; or
- A current or previous insured operator on an NJM commercial auto policy.
Approximately 20,000 employers across the state are members of the New Jersey Business & Industry Association (NJBIA). To find out if your company is a member, check with your employer or contact us for assistance.
Membership eligibility may not be extended from family members unless the applicant or spouse is currently or was previously listed as an insured driver on the family member's NJM auto insurance policy.
Anyone who was previously a named insured, resident spouse or an insured driver on an NJM auto insurance policy is eligible to apply again. Applicants are subject to an underwriting review and must meet our acceptance criteria.
New Jersey Auto Insurance Coverages
Required Coverages and Limits
A New Jersey auto policy must provide:
- $15,000/$30,000 of bodily injury liability per person/per incident
- $5,000 of property damage liability coverage per incident
- $15,000/$30,000 of uninsured/underinsured motorist bodily injury coverage per person/per incident
- $15,000 of personal injury protection per person
- $5,000 of uninsured/underinsured motorist property damage coverage per incident
New Jersey No-Fault Insurance
Since New Jersey is a no-fault state, if you or anyone covered by your policy are injured in an auto accident, your policy pays for your own medical expenses no matter who caused the auto accident.
New Jersey PIP
Personal Injury Protection (PIP) provides medical coverage for injuries you, or anyone covered by your policy, suffer in an auto accident. PIP has two parts:
- Coverage for the cost of treatment you receive from hospitals, doctors and other medical providers and any medical equipment that may be needed to treat your injuries.
- Reimbursement for certain other expenses you may have because you are hurt, such as lost wages and the need to hire someone to take care of your home or family.