Foremost vs. Njm: Which Company is the Best Fit for You?

So, you're in the market for a new car insurance policy. You may have even narrowed down your search to Foremost and Njm. But which of these two companies is the best one for you? Read on to find which carrier has the best rates and biggest discounts.
Newly insured car driving down the road
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Quick Facts

  • Based on national averages for insurance, Njm offers significantly less expensive premiums than Foremost
  • Njm offers more affordable prices for drivers who have a speeding ticket on their driving record
  • Njm offers more affordable average rates for policyholders who are looking to purchase insurance with a spouse

Foremost or Njm: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering pretty big savings, but exactly how much money can you save by switching?

You might be considering Foremost or Njm as your top options, but which company will save you the most?

Foremost Njm

As you can see, Njm has average rates that are around 50% a month less expensive than those from Foremost when looking at the national average rates for auto insurance.

Even so, that doesn't necessarily mean Njm will be the cheaper option for every single driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like your driving record, your credit score, your age, or even where you call home (among other things), so prices will vary quite a bit from person to person.

So, if you want to find out which of Foremost or Njm is really the best for you, keep reading to see average premiums for each company broken down by several different rate factors.

Foremost vs. Njm: Average Car Insurance Rates by State

State Foremost Njm

Foremost and Njm only compete against each other in New Jersey, where Njm offers the cheaper average prices. Njm drivers tend to pay about $255 per month less on average compared to drivers who use Foremost for their auto insurance.

That being said, there are plenty of other factors that go into your insurance bill than just where you call home. Continue reading to learn more about how other variables will affect your rates.

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Which is the Best Company For Young Drivers?

Foremost Njm
18-year-old drivers$572$266
25-year-old drivers$228$130

Teen drivers will almost always have the most expensive car insurance rates of any other group of drivers out there on the road. It's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high insurance premiums. Just look at the table above -- where 18-year-old drivers who have Njm for their auto insurance pay over 55% less than those who use Foremost.

However, both companies will decrease prices once you turn 25. For example, average rates for Foremost policyholders drop about $350 and Njm's premiums lower almost $150 over that time.

Which is the Best Company for Retired Drivers?

Foremost Njm
65+-year-old drivers$219$96

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates you can find.

But who has the best prices for retired drivers between Foremost and Njm? Njm gets the edge here, with average premiums coming in at around $96 monthly compared to Foremost's $219.

Which is the Best Company for Married Drivers?

Foremost Njm

Married policyholders tend to get slightly more affordable car insurance prices than single policyholders. This usually boils down to married drivers having several vehicles on their policy -- something several auto insurance carriers will reward with discounts.

For single drivers, the difference in average rates between these two companies is significant, with Njm premiums coming in at about half of Foremost's. The advantage for married couples with Njm is also obvious, where drivers save nearly 50% a month.

Foremost or Njm: Average Rates by Gender

Foremost Njm

Men are statistically more likely than women to get into a collision or get pulled over for speeding. That means when it comes to insurance men will normally end up paying a little more.

On average, men see prices around 1% per month higher with Foremost, and about 1% with Njm.

When it comes to the most affordable rates for each gender, Njm comes out as the lowest option for both genders, with average premiums $135 less for men and $132 cheaper for women.

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Foremost vs. Njm: Compare State Minimum vs. Full Coverage Rates

Foremost Njm
State Minimum*$173$92
Full Coverage**$366$181

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

For most people, car insurance isn't the easiest topic to understand. There are a variety of different coverages that account for a bunch of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies end up falling into two different types of coverage -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability coverage).

Looking specifically at state minimum liability limits, Njm has the significant edge, with average monthly prices coming in at $92. If you want a full coverage policy with the same state minimum limits, Njm again has the edge, with policies averaging around $181 a month to Foremost's $366.

Is Foremost or Njm Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with at-fault collisions and speeding tickets on your record, but which of these two carriers offers the most affordable rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Foremost Njm
Clean Record$202$122
1 Speeding Ticket$258$151

Policyholders who use Foremost for their car insurance can typically expect their monthly bill to go up about 22% after getting a speeding ticket. Njm policyholders can expect a less drastic increase of around 19%.

That being said, Njm is generally the less expensive option for drivers both with a ticket and with a clean record, offering premiums that are 40% and 41% cheaper, respectively, compared to Foremost Insurance Group.

Which Company is Best for Drivers After an Accident?

Foremost Njm
Clean Record$202$122
1 At-Fault Accident$381$122

Both companies will raise rates pretty significantly if you get into an at-fault collision with Foremost increasing by about 47%. Njm has a less extreme increase, but you can still expect to pay 0% more than you were prior to your first accident.

At the end of the day, Njm offers the cheapest premiums for drivers with an at-fault collision on their records, with average prices coming in at $122 compared to Foremost Insurance Group's $381.

Which Company is Best for Drivers with a DUI?

Foremost Njm
Clean Record$202$122
1 DUI$238$151

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- usually a lot more than an accident or speeding ticket. Foremost drivers usually see a 15% climb in their auto insurance rates after a DUI charge, while Njm will generally raise prices by around 19%.

But if you end up with a DUI charge and are looking for more affordable premiums, Njm tends to be more affordable for the average driver, with monthly premiums coming in at about $151 to Foremost's $238.

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How does Credit Score Impact Foremost and Njm Rates?

Did you know many insurance carriers take your credit score into account when determining rates? This isn't true for everyone (California, for example, has banned the use of credit score as an insurance factor) but it might come into play for many drivers.

Car insurance companies argue that those with good credit scores are more likely to pay their bills on time each month, which lowers the risk involved on their end, while the opposite is true for those with bad credit.

Looking specifically at Njm and Foremost, which carrier has the lowest premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Foremost Njm
Excellent Credit Score$236$100
Good Credit Score$261$117

If you have a solid credit score, Njm will typically reward you the most. For drivers with "excellent" credit scores, Njm comes in nearly 57.63 less expensive. Drivers with "good" credit scores normally save around 55% with Njm compared to average prices from Foremost.

Which Company is Best for Drivers with Bad Credit?

Foremost Njm
Fair Credit Score$277$133
Poor Credit Score$306$196

Njm typically offers lower rates than Foremost when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about 52% per month less with Njm compared to Foremost, and those with "poor" scores usually save an average of around 36% per month.

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Is Foremost or Njm Better for Drivers who Work from Home or Have Short Commutes?

Foremost Njm
6,000 Annual Miles$270$131
12,000 Annual Miles$270$142

Did you know that the amount of time you spend in your car have a big impact on your monthly prices? Typically, those who drive fewer miles will end up with cheaper premiums since there's less of a chance of causing a collision and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Foremost charges. However, there's a small difference in monthly prices for Njm, with drivers who put 6,000 miles on their car yearly paying about $11 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Njm is the more affordable carrier.

Foremost or Njm: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a large impact on your monthly auto insurance cost. Generally, those who live in urban areas will pay more than policyholders in rural areas since there are a lot more vehicles on the road where they live, which increases the chances of an accident.

Foremost Njm
Urban Areas$318$161
Suburban Areas$287$131
Rural Areas$205$117

When comparing these two carriers side-by-side, Njm normally comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save around 43% with Njm compared to Foremost. People who live in suburban areas pay about 54% less with Njm compared to Foremost. For drivers in urban ZIP codes, NJM Insurance Group's average rates are around 49% less than Foremost Insurance Group.

Foremost vs. Njm Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts Foremost and Njm offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Foremost Njm
ABS Discount 
Advance Quote Discount 
Anti-Theft Discount
Defensive Driver Discount
Distant Student Discount 
Driver Training Discount 
EFT Discount
Employee Discount 
Full Coverage Discount 
Good Driving Discount 
Good Student Discount 
Minor Child Discount 
Multi-Car/Single Driver Discount 
Multi-Policy Discount
New Business Discount 
New Vehicle Discount 
Paid In Full Discount
Paperless Discount 
Passive Restraint Discount 
Prior Carrier Discount 

Overall, Njm comes out ahead with 14 discounts to Foremost's 12.

There are a couple discounts both companies offer, but Njm also offers discounts for ABS, driver training, employee discount, and more.

On the other hand, Foremost has a few proprietary discounts of their own for things like advance quote discounts, distant student discounts, good driving discounts, and more.

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Final Thoughts: Is Foremost or Njm Best for You?

So, we've broken down the average premiums for many of the factors car insurance carriers look at, and we've shown you all the discounts each company offers. That's all well and good, but at the end of the day, which insurance carrier is the best fit for you?

Njm might be best for you if....

  • You will be the only person on the auto insurance policy.
  • You already have a great credit score.
  • You're of retirement age and want to take advantage of lower prices.

Foremost might be best for you if...

  • You have a more unique driver profile than those we mentioned above.

Hopefully, this guide helps you get a better idea of the difference between Foremost and Njm. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just Foremost and Njm. Luckily, makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.

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Foremost vs. Njm FAQs

Is Foremost or Njm cheaper?

Njm is the cheaper of the two companies when looking at national average rates, with policies averaging $137 a month with Njm and $270 for Foremost. Even so, that doesn't mean Njm will be the cheapest company for each policyholder, since there are many different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Foremost or Njm?

Sadly, the real answer is "it depends.". Neither carrier is "better" for everyone -- it all depends on what your unique car insurance profile looks like.

Why do Foremost and Njm offer me different rates?

Auto insurance carriers use quite a few different factors when calculating the premiums they charge. Variables like where you live, age, where you park your car, gender, and sometimes even things like your credit score can all be used. Both Foremost and Njm use different formulas, so it's likely they'll offer different rates. The best way to determine which company is the lowest for you is by comparing personalized quotes from lots of different companies.

How do I know if Foremost or Njm is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, sites like make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Foremost or Njm at all, but another you hadn't even thought of!


All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.

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