Drive New Jersey Insurance Co is a regional property and casualty insurance provider based in New Jersey. When shopping for car, home, or business insurance in New Jersey, you may come across policies from Drive NJ Insurance. Here is an in-depth look at this company’s history, financial strength, customer reviews, and the types of insurance coverage offered.
Overview of Drive New Jersey Insurance Co
Drive New Jersey Insurance Co is headquartered in Branchville, NJ and provides a range of P&C insurance products to consumers and businesses across the state. Some key facts about Drive NJ Insurance:
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Founded in 2004 – A relatively new insurance carrier compared to other national companies.
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Regional focus – Only offers insurance in New Jersey at this time.
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Products – Auto, motorcycle, homeowners, mobile home, and business insurance policies.
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A.M. Best rating – Rated A- or “Excellent” for financial strength as of 2022.
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Complaint index – Has a higher than average complaint ratio compared to other insurers.
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Online services – Website provides online quotes, policy management, and pay bills digitally.
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Local agents – Policies are sold through a network of independent agents located in communities across New Jersey.
Drive New Jersey Insurance Products and Coverage
Drive NJ Insurance provides a typical range of P&C insurance products including:
Auto Insurance
- Bodily injury and property damage liability
- Personal injury protection
- Uninsured/underinsured motorist
- Comprehensive and collision
- Medical payments
- Roadside assistance
Homeowners Insurance
- Dwelling coverage
- Personal property
- Loss of use
- Personal liability
- Medical payments
Business Insurance
- General liability
- Professional liability
- Commercial property
- Workers compensation
- Commercial auto
- Umbrella insurance
Policyholders can add endorsements to customize coverage. Drive NJ also offers flood insurance through the National Flood Insurance Program.
Is Drive New Jersey Insurance Reputable?
Drive New Jersey Insurance has received mixed reviews from policyholders:
Pros
- Competitive pricing, especially for high-risk drivers
- Good option for drivers with DUIs or tickets
- Strong financial rating from A.M. Best
Cons
- High complaint ratio compared to other insurers
- Reports of slow claims processing and poor customer service
- Limited coverage options compared to national insurers
Overall, Drive NJ Insurance offers very affordable premiums but may lack in claims servicing and customer satisfaction compared to larger national companies. It could be a viable option for price-conscious consumers who just want basic coverage.
Is Drive New Jersey Insurance Available Statewide?
Yes, Drive New Jersey Insurance offers coverage across the entire state of New Jersey. The company is based in Sussex County but writes policies in all 21 counties in NJ.
You can get a quote and purchase a policy from Drive NJ Insurance no matter where you live in New Jersey, including major cities like Newark, Jersey City, Paterson, Elizabeth, Edison, Trenton, and Camden.
Coverage is sold through local independent insurance agencies located throughout the state. Drivers can find a local Drive NJ agent in their county or city to get a quote.
How Do Drive New Jersey’s Auto Insurance Rates Compare?
As a smaller regional insurer, Drive New Jersey Insurance is able to offer very competitive rates on auto insurance for many drivers. Here’s how their average annual full coverage auto premiums compare, based on profiles for three common driver types:
| Driver Profile | Drive NJ Insurance | State Average |
|---|---|---|
| 30-year-old single female, clean record | $1,112 | $1,564 |
| 50-year-old married male, clean record | $1,038 | $1,412 |
| 21-year-old single male, 1 speeding ticket | $2,836 | $4,201 |
Across the board, Drive NJ’s auto insurance rates are below state averages by over 20% for these examples. Rates can vary based on specific factors, but they may offer significant savings for many motorists.
How Do I Get a Quote from Drive NJ Insurance?
There are a couple ways New Jersey drivers can get a quote from Drive NJ Insurance:
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Online – You can fill out a quote form on their website. Provide details like your age, vehicle, address and driving history.
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Local agent – Find a local Drive New Jersey agent near you and request a quote. Most allow you to get quotes online or over the phone as well.
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Call Drive NJ – You can call their toll-free number at 1-800-938-8878 and speak with a representative to start a quote.
After receiving your free quote, the Drive NJ agent will explain coverages, discounts, and payment options if you want to move forward with purchasing a policy.
The Bottom Line: Is Drive NJ Insurance a Good Choice?
Drive New Jersey Insurance is a decent option for price-conscious drivers who want a basic policy at the lowest possible cost. Their rates can beat out bigger national companies. However, customers sacrifice robust coverage options and top-notch claims servicing.
For auto insurance, homeowners, renters, or business policies, compare quotes from Drive NJ Insurance to find potential savings on premiums. Just make sure to read all fine print carefully and research the company’s reputation before purchasing a policy. Reaching out to a knowledgeable local agent is the best way to get your questions answered and determine if their affordable rates are right for your situation.
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FAQ
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