NJM Insurance vs Safeco Car Insurance for 2025

Car insurance is an essential purchase for any vehicle owner, but with so many options on the market, it can be challenging to know which provider is the right fit. NJM Insurance and Safeco are two of the most popular car insurance companies in 2023, offering comprehensive coverage, affordable pricing, and a range of discounts.

• NJM Insurance offers multi-policy discounts for car and home insurance, while Safeco offers discounts for safe driving and anti-theft devices.
• NJM Insurance has been serving the Northeast region for over 100 years, while Safeco is part of the Liberty Mutual Insurance family, a leading global insurer.
• Both NJM Insurance and Safeco have 24/7 claims support and offer online account management tools for customers.

This article will compare NJM car insurance vs Safeco car insurance, highlighting the differences in their history, products, discounts, and customer reviews, to help you make an informed decision when choosing your car insurance provider.

NJM and Safeco Car Insurance History and Mission

NJM Insurance, formerly known as the New Jersey Manufacturers Insurance Company, was founded in 1913 to provide affordable insurance to factory workers. Today, NJM Insurance offers car, home, and renters insurance to customers in New Jersey, Pennsylvania, and Connecticut. Their mission is to provide “quality insurance coverage and superior service at a competitive price,” and they are known for their excellent customer service and commitment to ethical business practices.

Safeco, on the other hand, was founded in Seattle, Washington, in 1923, and is now part of the Liberty Mutual Insurance family. They offer car, home, renters, and umbrella insurance in all 50 states and are committed to “providing protection and peace of mind for their customers.” Safeco has a reputation for offering affordable pricing and a wide range of coverage options, making them a popular choice among customers.

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Coverage Options: NJM and Safeco

NJM Insurance and Safeco offer a range of insurance products and services. Here is a more detailed breakdown of what each company provides:

NJM Insurance Products and Services:

• Auto Insurance: NJM offers standard coverage options such as liability, collision, and comprehensive coverage, as well as add-ons like roadside assistance, rental reimbursement, and pet injury coverage.
• Home Insurance: NJM offers coverage for damage to your home and personal property, liability coverage, and loss of use coverage.
• Renters Insurance: NJM offers coverage for personal property, liability coverage, and loss of use coverage.
• Umbrella Insurance: NJM offers additional liability coverage beyond your other insurance policies, providing extra protection for unexpected accidents or incidents.

Safeco Products and Services:

• Auto Insurance: Safeco offers standard coverage options such as liability, collision, and comprehensive coverage, as well as add-ons like roadside assistance, rental reimbursement, and pet injury coverage.
• Home Insurance: Safeco offers coverage for damage to your home and personal property, liability coverage, and loss of use coverage.
• Renters Insurance: Safeco offers coverage for personal property, liability coverage, and loss of use coverage.
• Umbrella Insurance: Safeco offers additional liability coverage beyond your other insurance policies, providing extra protection for unexpected accidents or incidents.

One notable difference between the two companies is that Safeco also offers insurance for other areas of life, such as boat insurance, motorcycle insurance, and recreational vehicle insurance. This makes Safeco a one-stop-shop for all your insurance needs, while NJM Insurance focuses primarily on home and auto insurance. It’s important to note, however, that not all insurance products are available in all states.

Cost of Coverage at NJM and Safeco

The cost of car insurance can vary widely depending on a number of factors, including your age, driving history, the make and model of your car, where you live, and the coverage options you select. However, here is some general information about the cost of insurance from NJM and Safeco:

NJM offers competitive rates on their auto insurance policies. Their rates are typically lower than the industry average, due in part to their policy of only selling insurance to certain groups of people. NJM is a “membership-based” insurance company, which means they only offer insurance to certain groups of people, including employees of specific companies, members of certain professional organizations, and residents of specific communities.

Like NJM, Safeco offers competitive rates on their auto insurance policies. They also offer a variety of discounts to policyholders, including safe driver discounts, good student discounts, and multi-policy discounts. Safeco also offers a unique “Rewards” program, which allows policyholders to earn points for safe driving, good grades, and other positive behaviors.

NJM and Safeco Offered Discounts

NJM Insurance offers a range of discounts to help customers save money on their car insurance premiums. Here are some of the discounts available to NJM policyholders:

• Safe Driver Discount: If you have a clean driving record and haven’t had any accidents or violations in the past few years, you may qualify for NJM’s safe driver discount. This discount can save you up to 15% on your premium.
• Good Student Discount: If you’re a student who maintains a high GPA, you may be eligible for NJM’s good student discount. This discount can save you up to 15% on your premium.
• Multi-Policy Discount: If you have multiple insurance policies with NJM (such as auto and homeowners insurance), you may qualify for a multi-policy discount. This discount can save you up to 15% on your premium.
• Anti-Theft Discount: If your car is equipped with an anti-theft device (such as an alarm or GPS tracking system), you may be eligible for NJM’s anti-theft discount. This discount can save you up to 10% on your premium.
• Driver Training Discount: If you complete a driver training course (such as a defensive driving course), you may qualify for NJM’s driver training discount. This discount can save you up to 5% on your premium.

Safeco: Safeco also offers a range of discounts to help customers save money on their car insurance premiums. Here are some of the discounts available to Safeco policyholders:

• Safe Driver Discount: If you have a clean driving record and haven’t had any accidents or violations in the past few years, you may qualify for Safeco’s safe driver discount. This discount can save you up to 20% on your premium.
• Good Student Discount: If you’re a student who maintains a high GPA, you may be eligible for Safeco’s good student discount. This discount can save you up to 15% on your premium.
• Multi-Policy Discount: If you have multiple insurance policies with Safeco (such as auto and homeowners insurance), you may qualify for a multi-policy discount. This discount can save you up to 15% on your premium.
• Anti-Theft Discount: If your car is equipped with an anti-theft device (such as an alarm or GPS tracking system), you may be eligible for Safeco’s anti-theft discount. This discount can save you up to 15% on your premium.
• Accident Prevention Course Discount: If you complete an accident prevention course (such as a defensive driving course), you may qualify for Safeco’s accident prevention course discount. This discount can save you up to 5% on your premium.

It’s important to note that the availability and amount of discounts may vary depending on your state and individual circumstances. Be sure to check with the insurance company to see what discounts you may be eligible for.

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What Customers Are Saying about NJM vs Safeco?

NJM Insurance has generally positive reviews from customers. On the Better Business Bureau (BBB) website, NJM has an A+ rating and an average customer review rating of 4.5 out of 5 stars. Customers praise NJM for its excellent customer service, competitive prices, and fast claims processing. However, some customers have reported issues with policy cancellations and rate increases.

On the other hand, NJM Insurance has a relatively small coverage area. NJM primarily operates in New Jersey and Pennsylvania, so if you live outside of these states, you may not be able to purchase NJM insurance.

Safeco also has generally positive reviews from customers. On the BBB website, Safeco has an A+ rating and an average customer review rating of 3.8 out of 5 stars. Customers praise Safeco for its affordable prices and easy claims process. However, some customers have reported issues with billing and poor customer service.

One of the major drawbacks of Safeco is that it has a limited coverage area. Safeco operates in 47 states, but it does not offer insurance in Massachusetts, North Carolina, and Hawaii. If you live in one of these states, you will need to choose a different insurance provider.

Roundup: NJM and Safeco

In conclusion, NJM Insurance and Safeco are both reputable car insurance companies that offer a range of products and services to their customers. NJM Insurance has a long history of providing insurance to customers in New Jersey and Pennsylvania, while Safeco operates in 47 states across the country.

Ultimately, the best car insurance company for you will depend on your individual needs and preferences. Be sure to compare multiple insurance providers, consider factors such as cost, coverage options, and customer service, and read customer reviews to help you make an informed decision.

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