Cashneto OP t1_jeafk3o wrote on March 30, 2023 at 4:17 PM

Reply to comment by ansky201 in NJM car insurance worth the switch by Cashneto

Yeah I've had no problem with GEICO, but I could be paying less for coverage.

Summoarpleaz t1_jeazbfx wrote on March 30, 2023 at 6:23 PM

It’s weird I’ve never had issues with geico and they never bothered me even when I had a fender bender; they just paid the claim. My premium didn’t go up so I was like huh maybe I’m just paying an exorbitant amount. I got a quote from NJM (which I use for home), and their policy was $700 more for two people. I have no idea how or why.

bakingeyedoc t1_jeb90je wrote on March 30, 2023 at 7:25 PM

NJM is about $400 more for me than GEICO.

gex80 t1_jeavgkj wrote on March 30, 2023 at 5:58 PM

Depends I would say. I haven't been a NJM customer, but if you pay less per month but out of pocket is high when you have an accident, how much did you save? Of course that 100% case by case and policy by policy situations.

Cashneto OP t1_jeb442g wrote on March 30, 2023 at 6:53 PM

Insurance is 1 for 1. So $1k deductible for both NJM and Geico.

rpg25 t1_jebfd0n wrote on March 30, 2023 at 8:05 PM

I loved NJM when I had it but they raised my rate each year I was with them despite me having made no claims or getting any tickets while with them. Also have a decent number of coworkers who claim that NJM dropped them almost immediately upon making a claim.

Food for thought. The dividend check is nice and so is the price of insurance, but just be careful to double check the price when you renew and don't be surprised if you get dropped for making a claim.