While New Jersey consumers have hundreds of vehicle insurance options, the top ten auto insurance companies account for over 89% of the state’s market. Prospective vehicle insurance customers can examine the market by comparing the top ten companies. On this page, we rank each company based on its size in the state and emphasize what sets them apart for NJ drivers.
Geico
Geico is by far the largest out of all auto insurance companies in New Jersey. The company has a 20% share of the state’s vehicle insurance market, 7% greater than New Jersey Manufacturers. The organization has five sites in New Jersey where you can buy auto insurance. In Cherry Hill, Hackensack and Monmouth-Middlesex.
Our Opinion
Geico’s biggest flaw is the lack of local insurance salespeople in most areas. That isn’t the situation for drivers in New Jersey near these cities. Geico also stands out for its low prices, making it one of the finest car insurance providers in New Jersey.
- A++ (Excellent) Rating for financial strength
- JD gave it a 4/5. Overall satisfaction power
NJM Manufacturers
NJM is a regional insurance company based in West Trenton, NJ. It also has Parsippany and Hammonton branches. You must be a state employee or work for a New Jersey Business & Industry Association member covered by NJM (NJBIA).
Our Opinion:
NJM is a top-rated insurance provider in New Jersey, with few complaints and substantial benefits. For example, all NJM policyholders get free roadside assistance. More crucially, NJM is a mutual corporation, which means earnings can be distributed to policyholders.
- A+ (Excellent) Rating for financial strength
- JD gave it five stars. Overall satisfaction power
Allstate
Allstate has a lot of agents, with 22 in Newark alone. The Safe Driving Bonus is one of Allstate’s most outstanding features in New Jersey. The reward is given to drivers who spend six months without filing a claim. Unlike some insurance providers, Allstate delivers a check in the mail that can be spent on anything.
Our Opinion:
Allstate’s auto insurance rates are above average. Apart from the Safe Driving Bonus, the corporation offers a few deals. Other providers, like State Farm, maybe a suitable option if you’re interested in Allstate’s agent network.
- A+ (Excellent) Rating for financial strength
- JD gives it 3/5. Overall satisfaction power
Progressive
Progressive left New Jersey’s insurance market in 1983 but returned in 2005. Since then, it has grown swiftly to 11% of the state’s vehicle insurance market. Progressive operates a service center in South Plainfield and others near major New Jersey cities. These service locations handle automobile damage assessments, claims, and repairs.
Our Opinion:
Progressive offers some of the best prices for experienced or accident-prone drivers. In exchange for Progressive’s low prices and generous discounts, customers must endure minor inconveniences like extended phone wait times. If you’re okay with it, Progressive is an excellent option for auto insurance.
- A+ (Excellent) Rating for financial strength
- JD gives it 3/5. Overall satisfaction power
State Farm
State Farm has representatives all around the state and offers 14 discounts to New Jersey drivers. The reductions range from age-based to vehicle-safety-based. Most State Farm customers will likely qualify for some discount.
Our Opinion:
State Farm’s agent network sets it apart from other New Jersey insurers. State Farm’s service is hard to beat for in-person agents who can answer issues. However, drivers looking for the best deal will find other businesses more affordable.
- A++ (Excellent) Rating for financial strength
- JD gives it 3/5. Overall satisfaction power
Plymstock
Plymouth Rock only runs in New Jersey and four other states: MA, CT, NH, and PA. Only business and personal auto insurance are offered in New Jersey. If you’re not familiar with Plymouth Rock, it was formed in 2011 by combining Palisades Insurance and High Point Auto Insurance. Currently, the company holds around 8% of the New Jersey vehicle insurance market.
Our Opinion:
Plymouth Rock is the second cheapest auto insurance company in New Jersey. Customers love Plymouth Rock. Overall, Plymouth Rock is considered one of the best NJ car insurance companies.
- A+ (Excellent) Rating for financial strength
Liberty Mutual
Liberty Mutual has been in NJ for over a century. The firm began operating in the state in 1917. It now has 15 offices across the state. Several of those offices do volunteer work. For example, Liberty Mutual employees in Somerset annually sponsor Rutgers University Homecoming and plant flowers at Middle Earth in Bridgewater.
Our Opinion:
Liberty Mutual offers reasonable vehicle insurance quotes in New Jersey. Policyholders frequently complain about rate increases and claim delays. There are numerous different firms to consider before choosing Liberty Mutual.
- A.M. Rating for financial strength
- JD gave it a 2/5. Overall satisfaction power
USAA
USAA, based in San Antonio, Texas, solely sells policies to military personnel and their families. Despite its niche market, the company consistently receives good reviews from critics and industry professionals. This is wonderful news for McGuire AFB and Fort Dix.
Our Opinion:
Most USAA customers enjoy affordable vehicle insurance premiums and excellent customer service. The best thing about USAA is that it caters to service members’ requirements. For example, USAA gives a military base discount.
- A++ (Excellent) Rating for financial strength
- JD gave it five stars. Overall satisfaction power
Travelers
In 1897, Travelers provided the first private auto insurance coverage. It has a long history and has set many insurance milestones. Travelers, for example, were the first to offer discounts to hybrid owners. The company has a network of independent agents throughout New Jersey. You can search for an agent on Travelers’ website.
Our Opinion:
Traveler’s rates aren’t the cheapest. However, the company’s various savings outweigh its average vehicle insurance estimates. Overall, Travelers is a good option, but you should look about and check the rates.
- A++ (Excellent) Rating for financial strength
- JD gives it 3/5. Overall satisfaction power
Farmers
Farmers has agents in all major New Jersey communities, including Edison and Newark. Customers in the state can save money by taking a state-approved driving training course. The discount is valid for three years, and individuals who have already finished the course may be eligible.
Our Opinion:
Farmers is a well-rounded insurance provider with cheap rates and excellent customer service. Farmers’ agents will work with individual drivers to find hidden discounts. The organization also responds quickly to client claims. Farmers is just one of the best vehicle insurance providers in NJ.
- A.M. Rating for financial strength
- JD gives it 3/5. Overall satisfaction power
Hope you got all the related information regarding auto insurance companies in New Jersey. Click here to learn more about auto insurance or get your coverage now.
