I love New Jersey Manufacturers Insurance Company

[1QWIKBIRD]

Best Damn Insurance Company out there. Get home from work and find a DIVIDEND check in the mail to the tune of 10% of the policy.....pretty sweet. If you don't have NJM, you owe it to yourself to look into it.

Chris

[Iroc-z86]

i could get it, next year, my parents have it, so does my job but my driving record isnt good enough yet :( right now i have liberty mutual, very happy with them so far.

[Tru2Chevy]

Yea, NJMs dividend checks are always popular, and 10% means they had a pretty good year.

- Justin

[NJSPEEDER]

I think Janice was saying this years payouts totaled like $14.2 mill or something like that last time I talked to her. :)

-Tim

[Tru2Chevy]

I think Janice was saying this years payouts totaled like $14.2 mill or something like that last time I talked to her. :)

-Tim

Yup, I do believe that was the number.

- Justin

[JL8Jeff]

I've been getting dividend checks and discounts for over 15 years now!

-

[1QWIKBIRD]

And when you need them, they step right up and deliver without trying to wiggle away. That's even more important.

[EchoMirage]

i got grundy for my TA. full coverage, $312/yr

[sweetbmxrider]

$312? i pay that per month! damn i suck.

[NjbadSS]

USAA best insurance around..i pay less for my ss and a durango than most. Its a military company for service members.. if you are in military and dont have it.. get it ASAP

[1QWIKBIRD]

i got grundy for my TA. full coverage, $312/yr

Are there any limitations on your coverage? Mileage per year, etc? Do you have agreed upon value or simply full coverage based on KBB or something like that?

I could do something like that because I drive the car very little, but I don't think they would go for the "participation in a timed event" = autox. Nor would they dig the roll bar/race seat/racing belt......I think I remember running into that problem with my 70 Nova, as soon as I told the truth that it would go to the drag strip occasionally, the kindly told me to go elsewhere.

[BigAls87Z28]

Ehh...10 pts prevents me from having that.

[The Fixer]

NJM FTW!! I've had them since I started driving; I was on my parents policy first, and once my record cleaned up I got my own policy when I was 21. I've had 'em for 14 years now, they've NEVER given me a problem with a claim, and the rates have been great. My wife has an '03 Liberty, and I have an '01 Cherokee for daily drivers, and we pay $1800 (before dividend payouts!!) a year for full coverage combined on both vehicles. If you figure the dividend in, we pay @ $1400/year for both trucks.

And I have the Monte insured through Hagerty. Cost me $360/year for a stated value policy of $13K.

[V]

USAA here. When i first got a quote for my denali, 240. i asked them if it was for a month and they said, no 6 months.

[NJ346]

haha that'd be pretty sweet if I get one in the mail. I just maid a claim last week for my camaro hitting a deer. What was the date on the check? I wonder if it got processed before my claim...that'd be sweet :D lol

[Stroked355Z28]

I have Progressive and they are pretty good.

[foff667]

I'm paying about $1000 less now per year with allstate than with NJM-R(which doesn't offer the dividend checks BTW) with the same coverage so I'm just fine at the moment ;)

[1QWIKBIRD]

haha that'd be pretty sweet if I get one in the mail. I just maid a claim last week for my camaro hitting a deer. What was the date on the check? I wonder if it got processed before my claim...that'd be sweet :D lol

check on the date was today.....so they must have post-dated them....

[1QWIKBIRD]

I'm paying about $1000 less now per year with allstate than with NJM-R(which doesn't offer the dividend checks BTW) with the same coverage so I'm just fine at the moment ;)

NJM-ReInsurance is for those with blemishes in their driving past, so I don't doubt those rates aren't all that sweet. If Allstate is taking good care of you, that's all that really matters.

Chris

[foff667]

NJM-ReInsurance is for those with blemishes in their driving past, so I don't doubt those rates aren't all that sweet. If Allstate is taking good care of you, that's all that really matters.

Chris

Yeah but few don't have some sort of blemish on their record making it harder to get their non re insurance, I had a clean driving record for probably 3-4 years before changing to NJM, went 2 years with them without a blemish and was still on re then changed to allstate and saved a grand total on the 3 vehicles we have insured.

You'd think if you NEVER have a blemish they sure as hell better be giving you some pretty darn good rates ;)

How much do you pay a year with them if you don't mind my asking & for what vehicles?

-Bill

[NJSPEEDER]

And when you need them, they step right up and deliver without trying to wiggle away. That's even more important.

And the people are nice. When I had my accident and my Alero got totaled, the woman who was in charge on my case called a few days later. First thing out of her mouth "Are you feeling ok?". That was the last thing I expected to hear. They also had no problem with picking my car up from the shop it was towed to after the accident to a shop of my choice.

-Tim

[Savage_Messiah]

this happens with mutual insurance companies... policyowner = shareholder

[BonzoHansen]

this happens with mutual insurance companies... policyowner = shareholder

Correct. The MedMal company I used to work for was a mutual (actually a reciprocal). Profits were supposed to go back to policyholders. The old CEO had a saying "if we don't spend it we have to give it back". I suppose that is why they are out of business and NJM is not. LOL

[1_Hot_SOM_WS6]

NJM FTW!!! :) I work in the personal lines auto there.Awesome company to work for, they really take care of us! I also have them for auto insurance, you get 2 dividends, one at renewal and the special div check in Nov (as long as board approves). We do have stong under writting guidelines but thats one reason why the company is the way it is. Awesome :)

And the people are nice.

-Tim


;)

[1QWIKBIRD]

How much do you pay a year with them if you don't mind my asking & for what vehicles?

-Bill

total is $1800+/- for
1999 firechicken full coverage
1970 nova collision only
1997 dodge ram 3/4 ton 4x4 collision only

Seems like a pretty good deal to me.....?

Chris

[BonzoHansen]

You have comp & coll on a 70 Nova through NJM? IMO you might want to rethink that for a true agree value policy.

[baddest434]

got my check yesterday too. 149 buckaroos back. so 1490.00 per year for full coverage on an 03 impala and 04 silverado. guess i could drop the collision on the 03 if i want that ones paid in full! but nah i won't.

[LTb1ow]

High Point still doesn't understand a camaro is a performance car so I am happy with that. Only 600 for six months. No checks back though :(

[maroman88]

and how does one get a quote from them... i filled out the thing on the website, then got a pop up saying congrats we'll mail you an application.... i didnt want an application, i wanted a quote, ********

[1QWIKBIRD]

You have comp & coll on a 70 Nova through NJM? IMO you might want to rethink that for a true agree value policy.

Actually I checked when I got home from work. I only have collision on the Nova. Comp didn't make sense because of the cost and potential return. The car is not even on the road really, so its kinda pointless to have it insured at all. Hopefully this winter I'll get it finished.

I did talk to Condon&Skully or one of the classic insurers and had a quote of $450 for an agreed upon value of $20K, but that was about 3 years ago. That's the only way I would insure it when its done, agreed upon value. I got too much blood, sweat, tears and $$$ into it to have some ins. co. cut me check for $1,000 based on some blue book guide in the event of a total loss.

Chris

[BonzoHansen]

Comp is fire & theft - that is what you need if the car is home-bound. Not too many collisons in the garage. IMO you should reconsider.

I pay $362 to Hagerty $20k a/v, no deductibles for the 77Z. The car falls under their 'modified' scale, so i might guess your would be similar in $$.

[BonzoHansen]

I just checked my NJM policy. $300k liability per accident (I can wipe out a few vipers in one pop, lol), $1000 deductibles on the C&C coverage

Olds $784 full cov
Pilot $797 full cov
Truck $566 no c&c

$2147

[Tru2Chevy]

and how does one get a quote from them... i filled out the thing on the website, then got a pop up saying congrats we'll mail you an application.... i didnt want an application, i wanted a quote, ********

They don't provide online quotes, due to the large number of people who aren't eligible to join. You basically can only get a policy from NJM if you work for the state, or a company who is a member of the NJ Business and Industry Assoc. (NJBIA). I think there are a few other ways, but I haven't worked there since the summer of '02, so I forget.

- Justin

[EchoMirage]

if youre a family member of an NJM policy holder, you can get in also. my hagerty policy is agreed at i think 25K, at as previously stated $312/year

[1QWIKBIRD]

Comp is fire & theft - that is what you need if the car is home-bound. Not too many collisons in the garage. IMO you should reconsider.

I pay $362 to Hagerty $20k a/v, no deductibles for the 77Z. The car falls under their 'modified' scale, so i might guess your would be similar in $$.

If you can believe it, almost had it on the road about 2 years ago, so I just put it on the policy so in the event I got it done (in the middle of the night on a Sunday), I could immediately take it for its maiden voyage. Got the special tags, special registration (collector car status) and then I got distracted and never quite finished. But I didn't want to loose/surrender the plates, which is the only way I could take it off the policy. So I kept it registered/insured, because maybe one day I'll get it done......and when I do I'll get the agreed upon value.

Did you have to provide all kinds of pictures for the agreed upon value? Did they ask you about racing it at all? Are there any restrictions in mileage?

Chris

[JL8Jeff]

I have my 70 SS396 insured for $40K agreed policy with $300K full coverage for $336 a year. Most classic insurance will limit your miles but the collector tags limit it anyway. I think my limit is 3000 miles a year. The insurance company is called MK Insurance and they basically sub it out to see what insurance company will cover it best.

[BonzoHansen]

Chris, I had to provide a few pics and a rundown of what is in the car - I was honest and that is why my car is considered 'modified' vs 'stock', which bumped it up a bit, but I wanted no troubles if I ever need to submit a claim.

Hagerty policy clearly states it is covered on the way to the track, at the track but not on the track itself. Rollcage is a deal breaker for many companies - do you have one? I think hagerty is a no on cages, I'd have to poke through some old threads to see who is ok with a cage.

You may also get reduced premium if the car is not roadworthy. You should ask.

My hagerty liability is also $300k per acc to match my DD coverage, so that upped my cost a bit. I did have to show them proof of a DD for each driver in the house and proof of my extended coverage. I have zero limitations on the insurance except the racing clause. I asked if I could take it on power tour and they said 'enjoy'.

[1QWIKBIRD]

I have my 70 SS396 insured for $40K agreed policy with $300K full coverage for $336 a year. Most classic insurance will limit your miles but the collector tags limit it anyway. I think my limit is 3000 miles a year. The insurance company is called MK Insurance and they basically sub it out to see what insurance company will cover it best.

The mileage isn't a deal breaker, heck my firechicken barely sees 5000 a year so my Nova would be lucky to see half that.

Chris, I had to provide a few pics and a rundown of what is in the car - I was honest and that is why my car is considered 'modified' vs 'stock', which bumped it up a bit, but I wanted no troubles if I ever need to submit a claim.

Hagerty policy clearly states it is covered on the way to the track, at the track but not on the track itself. Rollcage is a deal breaker for many companies - do you have one? I think hagerty is a no on cages, I'd have to poke through some old threads to see who is ok with a cage.

You may also get reduced premium if the car is not roadworthy. You should ask.

My hagerty liability is also $300k per acc to match my DD coverage, so that upped my cost a bit. I did have to show them proof of a DD for each driver in the house and proof of my extended coverage. I have zero limitations on the insurance except the racing clause. I asked if I could take it on power tour and they said 'enjoy'.

The car does have an 8-pt bar, so that could be problematic. Don't devote any time to the research on old threads. When I get closer I'll dig deeper. I do remember the cage and "participation in timed events" being a deal killer with Grundy's I think. I agree on the honesty part, I would hate to need the insurance for some reason and then be denied because I wasn't forthcoming. Not worth it to go that route.

[JL8Jeff]

Yeah, it's not worth messing around with declaring the vehicle if it leaves the door open for them not to pay out a claim. Most companies will ask if it's all stock, modified to some extent, set up for racing.

[shane27]

it really is great insurance...too bad i got kicked off :cry:

[MonmouthCtyAntz]

Best Damn Insurance Company out there. Get home from work and find a DIVIDEND check in the mail to the tune of 10% of the policy.....pretty sweet. If you don't have NJM, you owe it to yourself to look into it.

Chris

Its not only NJM, they pretty much all do it. I had them when i first got my license, got into an accident and they dropped both my parents and I. 1st and last accident im now 31 w/ a crystal clear license...ill stick with USAA.

[Blackbirdws6]

State Farm sends me some nice Xmas money each year as well. :)

All said and done, I'm right under $2500 with full coverage on the Bird, G8, and wife's Lexus. Having good luck and no points helps though.

[WildBillyT]

USAA buries other insurance companies. Some of them wouldn't bother giving me a quote when they heard that USAA was in the running.

[BonzoHansen]

USAA buries other insurance companies. Some of them wouldn't bother giving me a quote when they heard that USAA was in the running.

Got to be military though, right?

[NJSPEEDER]

Got mine today :D

[WildBillyT]

Got to be military though, right?

Some form of government service I believe. You don't have to be Army/Marines/Navy/AF exclusively. I think Coast Guard, USMMA, and some others count.

[BurninrubberGT]

i paid 1600 for NJM when i got my gp, got into a no fault accident right the first week with the car and it was totaled, and this year it dropped 200...not bad for an 18 yr old