NJM Insurance vs Progressive Car Insurance for 2023

When it comes to car insurance, NJM Insurance car insurance and Progressive car insurance are two of the biggest players in the market. NJM Insurance has been around since 1913 and has built a reputation for its exceptional customer service and low rates, while Progressive is known for its cutting-edge technology and innovative products.

• NJM Insurance is known for its safety advocacy and community involvement. It has a long history of supporting various safety initiatives, such as promoting seatbelt use, and sponsoring educational programs for young drivers.
• NJM Insurance is currently available in New Jersey and Pennsylvania, but plans to expand to other states in the near future.
• Progressive is currently available in all 50 states and offers discounts for a variety of factors, such as bundling policies, safe driving, and owning a home.

In this article, we’ll compare these two companies in-depth, including their history, services, pricing, discounts, and customer reviews. By the end of this review, you’ll have all the information you need to make an informed decision on which company to choose for your car insurance needs.

History and Mission: NJM Insurance vs Progressive

NJM Insurance was originally founded in 1913 as the New Jersey Manufacturers Casualty Insurance Company to provide affordable workers’ compensation insurance to New Jersey manufacturers.

Since then, it has expanded its offerings to include auto, homeowners, renters, and umbrella insurance. Today, NJM Insurance is a mutual company owned by its policyholders, which means that its profits are returned to its policyholders in the form of dividends or used to improve its products and services.

Progressive was founded in 1937 by Joseph Lewis and Jack Green as Progressive Mutual Insurance Company to provide affordable auto insurance to Ohio farmers.

Since then, it has grown to become one of the largest auto insurance providers in the US. Progressive is a publicly traded company that is headquartered in Mayfield Village, Ohio.

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Company Offerings: NJM Insurance vs Progressive

NJM Insurance offers a range of insurance products to meet the needs of its policyholders, including:

• Car insurance: NJM Insurance’s car insurance policies include liability coverage, collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage. It also offers optional coverages, such as roadside assistance and rental car coverage.
• Homeowners insurance: NJM Insurance’s homeowners insurance policies provide coverage for a variety of perils, including fire, theft, and weather damage. It also offers additional coverages, such as personal liability and medical payments coverage.
• Renters insurance: NJM Insurance’s renters insurance policies provide coverage for personal property, liability, and additional living expenses if you’re unable to stay in your rental due to a covered loss.
• Umbrella insurance: NJM Insurance’s umbrella insurance policies provide additional liability coverage above and beyond the limits of your auto or homeowners insurance.

NJM Insurance’s rates are generally lower than those of its competitors, and it offers a variety of discounts for factors such as safe driving, being a homeowner, and having multiple policies with NJM Insurance. It also offers an auto insurance dividend program, which returns a portion of its policyholders’ premiums as dividends.

NJM Insurance is currently available in New Jersey and Pennsylvania, but plans to expand to other states in the near future.

Progressive offers a wide range of insurance products to meet the needs of its policyholders, including:

• Car insurance: Progressive’s car insurance policies include liability coverage, collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage. It also offers a variety of optional coverages, such as roadside assistance, rental car coverage, and custom parts and equipment coverage.
• Homeowners insurance: Progressive’s homeowners insurance policies provide coverage for a variety of perils, including fire, theft, and weather damage. It also offers additional coverages, such as personal liability and medical payments coverage.
• Renters insurance: Progressive’s renters insurance policies provide coverage for personal property, liability, and additional living expenses if you’re unable to stay in your rental due to a covered loss.
• Life insurance: Progressive offers term life insurance, which provides coverage for a specific period of time, as well as permanent life insurance, which provides coverage for the duration of your life.
• Pet insurance: Progressive’s pet insurance policies provide coverage for a variety of pet-related expenses, including veterinary bills, prescription medications, and boarding fees.

Progressive is known for its innovative products and technology, such as its usage-based insurance program Snapshot, which uses telematics to track driving behavior and adjust rates accordingly. It also offers a variety of discounts for factors such as bundling policies, safe driving, and owning a home.

Car Insurance Discounts Offered by NJM Insurance vs Progressive

NJM Insurance offers a variety of discounts to help its policyholders save money on their insurance premiums. Here are some of the most notable discounts:

• Safe driver discount: If you’ve been accident-free for three years or more, you may qualify for NJM Insurance’s safe driver discount.
• Homeowner discount: If you own a home, you may qualify for NJM Insurance’s homeowner discount.
• Multi-policy discount: If you have more than one policy with NJM Insurance, such as an auto and homeowners policy, you may qualify for NJM Insurance’s multi-policy discount.
• Anti-theft device discount: If your vehicle is equipped with an anti-theft device, such as an alarm system or a vehicle recovery system, you may qualify for NJM Insurance’s anti-theft device discount.
• Paid-in-full discount: If you pay your insurance premium in full at the beginning of your policy term, you may qualify for NJM Insurance’s paid-in-full discount.
• Affinity group discount: NJM Insurance offers discounts to members of certain affinity groups, such as alumni associations and professional organizations.
• Teen driver discount: If you have a teen driver on your policy, you may qualify for NJM Insurance’s teen driver discount.
• Mature driver discount: If you’re 55 years or older and complete an approved defensive driving course, you may qualify for NJM Insurance’s mature driver discount.
• Renewal discount: If you renew your policy with NJM Insurance, you may qualify for NJM Insurance’s renewal discount.

Progressive offers a variety of discounts to help its policyholders save money on their insurance premiums. Here are some of the most notable discounts:

• Multi-policy discount: If you have more than one policy with Progressive, such as an auto and homeowners policy, you may qualify for Progressive’s multi-policy discount.
• Safe driver discount: If you’ve been accident-free for three years or more, you may qualify for Progressive’s safe driver discount.
• Continuous insurance discount: If you’ve had insurance coverage for at least six months with another insurance company, you may qualify for Progressive’s continuous insurance discount.
• Teen driver discount: If you have a teen driver on your policy, you may qualify for Progressive’s teen driver discount.
• Good student discount: If you have a student on your policy who maintains a “B” average or better, you may qualify for Progressive’s good student discount.
• Homeowner discount: If you own a home, you may qualify for Progressive’s homeowner discount.
• Online quote discount: If you get a quote and buy your policy online through Progressive’s website, you may qualify for Progressive’s online quote discount.
• Sign online discount: If you sign your policy documents online, you may qualify for Progressive’s sign online discount.
• Paperless discount: If you opt for paperless billing and policy documents, you may qualify for Progressive’s paperless discount.
• Snapshot discount: If you participate in Progressive’s usage-based insurance program Snapshot and demonstrate safe driving habits, you may qualify for a discount on your insurance premiums.

It’s worth noting that the availability and eligibility requirements for discounts may vary by state and by individual policy. Be sure to check with your insurance agent or visit the company’s website for more information on the discounts available to you.

Case Studies: NJM Insurance vs Progressive Car Insurance

Case Study 1: John’s Experience with NJM Insurance

John, a resident of New Jersey, recently decided to switch his car insurance provider. After doing some research, he chose NJM Insurance due to its reputation for exceptional customer service and competitive rates. John had a positive experience with NJM Insurance throughout the process. Their representatives were knowledgeable and helpful in explaining the coverage options and discounts available to him. 

Case Study 2: Sarah’s Experience with Progressive Car Insurance

Sarah, a resident of Ohio, was looking for a car insurance provider that offered innovative products and technology. She decided to give Progressive a try based on its reputation for cutting-edge technology and usage-based insurance program called Snapshot. Sarah found the Snapshot program to be incredibly useful, as it allowed her to track her driving behavior and adjust her rates accordingly. 

Case Study 3: Mike’s Comparison of NJM Insurance and Progressive

Mike, a resident of Pennsylvania, wanted to compare NJM Insurance and Progressive to find the best car insurance coverage for his needs. He used an online car insurance comparison tool and obtained quotes from both companies. Mike found that NJM Insurance offered competitive rates and a variety of discounts, especially for homeowners and safe drivers.

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Customer Feedback for NJM Insurance vs Progressive

NJM Insurance has generally received positive reviews from its customers. According to the National Association of Insurance Commissioners (NAIC), NJM Insurance has a complaint ratio of 0.27, which is well below the national median of 1.00. This means that NJM Insurance has received fewer complaints than most other insurance companies.

Progressive has received mixed reviews from its customers. According to the NAIC, Progressive has a complaint ratio of 1.02, which is slightly above the national median of 1.00. This means that Progressive has received more complaints than most other insurance companies.

In Conclusion: NJM Insurance vs Progressive

NJM Insurance and Progressive are two popular car insurance companies that offer a variety of insurance products and discounts to their policyholders.

NJM Insurance is only available to residents of New Jersey and Pennsylvania, while Progressive is available in all 50 states. NJM Insurance is a mutual insurance company, meaning that policyholders own the company, while Progressive is a publicly traded company.

When choosing between NJM Insurance and Progressive, it is important to consider your specific insurance needs and budget, and to compare quotes from both companies to ensure that you are getting the best rate possible.

FAQ

Q: What is the difference between NJM Insurance and Progressive?

A: NJM Insurance is only available to residents of New Jersey and Pennsylvania, while Progressive is available in all 50 states. NJM Insurance is a mutual insurance company, meaning that policyholders own the company, while Progressive is a publicly traded company.

Q: Does NJM Insurance offer car insurance discounts?

A: Yes, NJM Insurance offers a number of car insurance discounts to its policyholders, including safe driver discounts, multi-vehicle discounts, homeowners discounts, and paid-in-full discounts.

Q: Does Progressive offer car insurance discounts?

A: Yes, Progressive offers a number of car insurance discounts to its policyholders, including safe driver discounts, multi-policy discounts, multi-car discounts, and Snapshot discounts.

Q: Which company has better customer satisfaction ratings?

A: NJM Insurance has consistently high customer satisfaction ratings, while Progressive has mixed customer reviews.

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