American Manufacturers Auto Insurance Review (2024)

What You Should Know About American Manufacturers

When the New Jersey Manufacturers Insurance Company was founded in 1913, it became one of the original workers’ compensation insurance companies in manufacturer-dependent New Jersey.

By 1917 the New Jersey Manufacturers Insurance Company had grown to the point that it could also offer business auto bodily injury liability insurance coverage.

The New Jersey Manufacturers Insurance Company accomplished something in the 1930s that many insurance providers could not. The New Jersey Manufacturers Insurance Company survived the Great Depression.

Not only did the New Jersey Manufacturers Insurance Company survive, but it also continued to pay dividends to its policyholders throughout the worst economic time in United State’s history.

After proving itself by surviving the Great Depression the New Jersey Manufacturers Insurance Company became a go-to company during the economic growth of the 1940s.

During this period the New Jersey Manufacturers Insurance Company became responsible for 20 percent of all of the worker’s compensation insurance in New Jersey.

In 1965 the modern New Jersey Manufacturers Insurance Company was formed by the merger of the Indemnity Insurance Company and Casualty Insurance Company of the original company.

By the end of the 20th century, the New Jersey Manufacturers Insurance Company had expanded into reinsurance and had acquired two fully-owned subsidiaries as well as started to offer many different types of banking service options.

Today the New Jersey Manufacturers Insurance Company has grown from its humble beginnings and has become a leading insurer in the United States.

This is evident by the A++ (Superior) rating that the New Jersey Manufacturers Insurance Company has received from A. M. Best.

American Manufacturers Insurance Coverage Options

The New Jersey Manufacturers Insurance Company offers personal and commercial auto insurance, umbrella coverage, flood and homeowners insurance.

It insures over 700,000 drivers in New Jersey and also provides auto insurance coverage to drivers in Pennsylvania.

American Manufacturers Discounts Available

Some of the discounts that The New Jersey Manufacturers Insurance Company offers are:

• Auto companion discount – also known as a homeowner’s policy credit and offers a 5 percent discount on your auto insurance policy when you also have your homeowners or condo insurance with The New Jersey Manufacturers Insurance Company
• Multi-car discount – gives you a discount when you have more than one car covered by The New Jersey Manufacturers Insurance Company
• Anti-theft device discount – offers between 5 and 25 percent discount on your insurance premium if your car has a passive alarm or a vehicle recovery system like LoJack or OnStar
• Driver training discount – for those insured under 21 that have completed 30 hours of a driver-training course in a classroom setting and at least 6 hours of actual driving training
• Good student discount – for people under 25 who is a full-time student in either high school or college that has a 3.0 GPA or higher

The company offers a wide range of auto insurance discounts to help make their auto insurance policies fit into any budget.