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

Quick Facts

• In general, Njm offers significantly more affordable rates than Metlife
• Metlife offers more discounts than NJM Insurance Group
• Njm offers cheaper average premiums for people who are single and purchasing auto insurance by yourself

Metlife vs. Njm: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. With so many ads from all sorts of companies offering big discounts, you're probably wondering exactly how much you might be able to save.

You might be considering Metlife or Njm, but which one has less expensive prices for insurance?

Looking at nationwide averages, Njm is quite a bit cheaper than Metlife, with premiums averaging $137 per month compared to $340 with Metlife.

But Njm may not be the most affordable or best option for every single driver out there. After all, auto insurance companies can offer drastically different rates to each driver depending on rating factors like your driving record, your age, your credit score, or even where you call home (among other things), so rates could change drastically from person to person.

Luckily, we've broken down average prices from both Metlife and Njm by a range of different rate factors, so read on to find out which company is the best for you.

Metlife or Njm: Average Car Insurance Rates by State

Metlife and Njm only compete against each other in New Jersey, where Njm offers the cheaper average premiums. For New Jersey residents, Njm offers car insurance for $137 monthly on average. Metlife's average rates come out to be over 70% more expensive, at $602 per month.

That being said, there's a lot more that goes into your insurance cost than just the state you live in. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for auto insurance than any group on the road. It's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. Just look at the table above -- where 18-year-old drivers who have Njm for their auto insurance pay more than $500 less than those who use Metlife. It's worth noting that Metlife offers car insurance in 44 different states compared to Njm's one, which can skew the average rates a bit, but the difference here is still considerable.

That being said, with both carriers, you'll see your prices reduce significantly by the time drivers turn 25. Njm offers the steepest decrease, with 25-year-olds paying less than half what 18-year-old drivers are charged. Metlife's average premiums drop over 70% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest insurance prices you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for auto insurance.

But who has the best premiums for retired drivers between Metlife and Njm? Njm gets the edge here, with average rates coming in at about $96 a month compared to Metlife's $205.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly cheaper insurance prices than single policyholders. That's because policies for married drivers generally cover several cars, which many companies will offer you a discount for.

When it comes to relationship status, Njm is the clear winner for single drivers, with rates around $277 a month less expensive than Metlife, on average. The advantage is also clear for married policyholders - Njm offers the most affordable average prices.

Metlife vs. Njm: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding, which means they'll normally end up paying more for car insurance than women.

Women typically pay nearly 10% per month less than men with Metlife, while with Njm, the difference is closer to 1% a month.

Looking at overall affordability, Njm comes out as the cheapest option for both genders, with average premiums $217 less for men and $190 cheaper for women.

Metlife or Njm: Compare State Minimum vs. Full Coverage Rates

*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.

Auto insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different terms and coverages that it can be hard to find the right policy.

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

If you're looking for state minimum liability insurance, Njm normally offers significantly more affordable prices of $92 compared to Metlife's $215. When it comes to full coverage policies with similar limits, Njm again has the edge, with policies about $300 per month less expensive than Metlife, on average.

Is Metlife or Njm Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with accidents and tickets on your record, but which of these two carriers offers the lowest rates to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Metlife policyholders can expect their premiums to go up an average of $59 a month if they get a ticket, while Njm generally raises rates around $29 per month, on average.

However, Njm tends to offer the best prices for drivers both with a speeding ticket and with a clean record, offering premiums that are $98 and $128 cheaper, respectively, compared to MetLife.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Metlife can expect to see about an $148 -- or around 40% -- increase in their insurance prices. Drivers who use Njm for their auto insurance will see a monthly bill about $0 (or 0%) more expensive after reporting an accident to their insurance carrier.

Overall, Njm offers the most affordable premiums for drivers with an at-fault accident on their records, with monthly prices averaging $122 compared to MetLife's $368.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your car insurance bill. On average, Metlife will raise your rates around 55% after a DUI, while Njm's average prices rise by just under 20%.

Njm has the overall lowest rates for drivers with a DUI on their records at $151 per month, but it's worth noting that Metlife's average rates come from 44 states compared to just one for Njm, so the data may be skewed slightly.

How does Credit Score Impact Metlife and Njm Rates?

You may not have known, but your credit score can come into play when companies calculate your monthly bill. This isn't always the case (for example, are two states that ban the practice entirely), but it will come into play for several drivers.

Auto insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

Looking specifically at Metlife and Njm, which company has the best premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Njm. Policyholders with "excellent" credit can save nearly 55% compared to Metlife, and those with "good" scores can also expect to see savings -- about $157 or 57% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

Njm typically offers lower prices than Metlife when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around $206 a month less with Njm compared to Metlife, and those with "poor" scores usually save an average of about $334 a month.

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

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

For both drivers who put 6,000 miles on their vehicles each year, as well as those who average twice that figure, Njm offers more affordable prices than Metlife. Njm average premiums for drivers with 6,000 annual miles come in over $200 less expensive than Metlife. Those who drive 12,000 miles yearly can expect to pay $200 less with Njm over Metlife.

Metlife vs. Njm: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a sizable role in how much you pay for car insurance. Typically, those who live in urban areas will pay more than drivers in rural areas because there are a lot more vehicles on the roads in those areas.

Njm boasts the most affordable average rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Njm offers prices around $161 monthly compared to Metlife's $389. People who live in suburban ZIP codes can expect to pay about $131 per month for Njm and $333 for Metlife. Lastly, those in rural areas tend to get the lowest premiums from both companies, with average monthly prices coming in at $117 and $299 for Njm and Metlife respectively.

Metlife vs. Njm Discounts

Regardless of why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by taking advantage of as many insurance discounts as you can.

The challenging part is finding all of the discounts you qualify for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

In the section below, we've compared all of the different discounts offered by Metlife and Njm so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Metlife blows Njm away when it comes to the sheer amount of discounts available, offering 36 different discounts to Njm's 14.

Both carriers offer a lot of the same discounts -- like anti-theft discounts, EFT discounts, employee discounts, and new business discounts -- but Metlife also offers AAA discounts, academic discounts, agency transfer discounts, and more that Njm does not.

On the flip side, Njm has a couple unique discounts of its own -- discounts for getting driver training, full coverage discounts, new vehicle discounts, and more.

Final Thoughts: Is Metlife or Njm Best for You?

So, we've broken down the average rates for many of the variables auto insurance companies look at, and we've shown you all the discounts each company offers. But, when it comes down to it, which insurance carrier is the best company for you and your specific driver profile?

Njm might be best for you if....

• You're looking for the best rates in NJ.
• You have less-than-stellar credit.
• You're buying insurance for a teen and looking for a wallet-friendly option.

Metlife might be best for you if...

• You're planning on moving to another state soon -- NJM Insurance Group is only available to New Jersey residents.
• You care about discounts (Metlife offers the most).

We hope this guide helps you get a good idea of the differences between Metlife and Njm. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from a handful of carriers, not just Metlife and Njm. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

Metlife vs. Njm FAQs

Is Metlife or Njm cheaper?

Looking just at the national average premiums, Njm is the more affordable of the two carriers, offering average rates of $137 a month compared to $340 for Metlife. But Njm won't necessarily be the cheapest company for every policyholder, since there are a variety of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Metlife or Njm?

Unfortunately, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile.

Why do Metlife and Njm offer me different rates?

Insurance companies take a look at quite a few different variables when calculating the rates they charge drivers. Factors such as where you live, where your home is, gender, age, and sometimes even things like your credit score can all come into play. Both Metlife and Njm calculate prices using different variables, so each one will most likely offer different rates. The only real way to see which company is the lowest for you is by comparing personalized quotes from a bunch of different carriers.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best car insurance carriers in your area. With those, you can guarantee you're getting the best rate. And who knows, the best company for you might not be Metlife or Njm at all!

Methodology

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.