NJM is known for dividends. From our earliest days as a New Jersey insurance company, one of our goals has been to return as much money as prudently possible to our policyholders. Dividend payments, while not guaranteed in the future, have been made every year since 1918, a cumulative total of nearly $6.0 billion.
Regular dividends are typically credited at the end of each 12-month policy and are used to reduce your premium payment the following year.
The current regular dividend on a homeowners policy is 5%.
In addition to the 13% discount for participating in our Home Replacement Cost Analysis Program, the discounts listed below are available to NJM homeowners insurance policyholders who meet the proper criteria. It's no wonder so many people consider us to be one of the least expensive home insurance companies in the state.
See if you qualify for a discount
If you have both a homeowners and a personal auto policy with NJM, 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 Jersey - Discounts ranging from 1% to 31% are applied automatically to any home that is less than 18 years old.
Pennsylvania - Discounts ranging from 1% to 31% 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.