What are some benefits of Drive New Jersey Insurance Company?


Quick Answer

Some benefits for customers of Drive New Jersey Insurance Company include low cost, accessibility through various providers, and coverage for custom auto parts, according to Progressive. Drive New Jersey is a division of Progressive Insurance, and it began offering auto insurance in New Jersey in 2005. Its entrance into the market drove down auto insurance by an average of 5 percent, as stated in a news release by Progressive in 2006.

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Full Answer

Drive New Jersey Insurance Company is an insurance brand sold through a network of local independent agencies, and is separate from the insurance available through Progressive Direct. Consumers can locate local agents who sell Drive New Jersey Insurance and obtain coverage quotes through the DriveInsurance.com website.

Drive New Jersey focuses on passing cost savings onto customers, and the company offers moped, boat, scooter, ATV and Segway Human Transporter insurance to New Jersey residents. It also offers motorcycle insurance with optional coverage of custom parts and equipment up to $30,000, according to Progressive.

Drive New Jersey is headquartered in Ohio and received a grade of A+ from insurance ratings firm A.M. Best, as of December 2014, reports A.M. Best. The company merged with Parkway Insurance of Bridgewater, New Jersey, in 2006, reports Insurance Journal.

The minimum benefits offered by auto insurance companies in New Jersey are regulated by the New Jersey Department of Banking and Insurance, and are explained in the New Jersey Auto Insurance Buyer's Guide available at State.nj.us/dobi.

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