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How Much Does SR22 Insurance Cost in New Jersey

How Much Does SR22 Insurance Cost in New Jersey
How Much Does SR22 Insurance Cost in New Jersey

How much does SR22 insurance cost in New Jersey? That’s one of the most common questions we receive from people who need a specific type of auto insurance in the New Jersey area.

In this blog post, we’ll tell you everything you need to know about the costs associated with your New Jersey SR22 auto insurance requirements, as well as some of the options available to help ensure you can get the coverage you need.

New Jersey SR22 Insurance

SR22 New Jersey is a common term used when discussing car accidents. In the event of a serious traffic violation, you have to fill out and submit a specific form to your state.

New Jersey SR22 Insurance is If you’ve been in a car accident, this is required. As a result, you should be able to explain everything about SR22 New Jersey.

The SR-22 form is a guarantee to numerous New Jersey state employees that the driver has and will have adequate liability auto insurance coverage.

SR22 insurance is an important tool for drivers in the state of New Jersey. It can help protect you if you get into a car accident and don’t have enough liability coverage. In order to qualify for SR22 insurance, you must first receive a Certificate of Insurance (COI) from your auto policy company. The COI will list your name, address, vehicle make and model, and the total amount of liability insurance that you have on file with them.

If everything goes according to plan, you should receive notification soon after applying that your SR22 has been issued or renewed. This notification will include updated premiums information as well as instructions on how to pay those premiums online using a credit or debit card or through direct deposit into one of our bank accounts.

Who Needs SR22 Insurance in New Jersey

Those who had been accused of multiple infractions would be required to submit a SR-22 car insurance form with their insurer, after which the insurer would submit with the state where they live. In order to retain their driving privileges in New Jersey, those who relocate from a state that requires SR-22 insurance may be required to maintain that coverage.

New Jersey Car Sr22 Insurance Requirements

Driving while drunk on alcohol will result in a DUI penalty. New Jersey Car SR-22 insurance is usually required for three years, and can be very expensive if you choose a violation. Not all car insurance companies apply for SR22 insurance.

In the state of New Jersey, private passenger vehicles must have minimum liability SR22 insurance coverage:

Basic

  • $10,000 for two or more people in one accident
  • $5,000 for property damage liability (PDL) coverage
  • $15,000 bodily inury liability (BIL) per person

Younger drivers with little or no assets are typically targeted by a basic policy. When you’re on your own, it doesn’t cover bodily injury claims for you.

Standard

  • $15,000 bodily inury liability (BIL) per person
  • $30,000 for two or more people in one accident
  • $5,000 for property damage liability (PDL) coverage
  • $15,000 Personal Injury Protection (PIP)
  • $15,000 for uninsured/underinsured motorist injury

When Do You Need an SR22 in New Jersey

A traffic offense may have resulted in your being pulled over, but you do not always have to complete the SR22 form. In the following circumstances, you’ll need SR22 New Jersey:

  • A moving violation, such as DWI and DUI, has been issued against you.
  • You were driving when you caused a car accident without insurance.
  • In a month, you’ve received more than your state’s traffic ticket limit.
  • Your driving license has been suspended or revoked.
  • You haven’t paid your child support payment.

While most states use the SR22, Virginia and Florida utilize the FR44 form, which is very comparable. You’ll need even more insurance coverage than the SR22 form for this type of insurance.

However, not every state requires you to obtain an SR22 certificate.

You must contact your state’s traffic court in order to get this information. This information can also be obtained from your state’s Department of Motor Vehicles.

How To Get an SR22 Insurance in New Jersey

In other states, obtaining a SR22 is identical to the procedure you’d have to follow. The procedures you must go through are listed below.

Find An Insurance Company : You should contact your insurer as soon as you are informed that you will need an SR22 in New Jersey and inquire about the available alternatives. If your current insurer does not provide this service, check with another.

In New Jersey, pay the SR22 insurance fee. You’ll have to pay a processing fee to the insurance company because they’ll file the form on your behalf.

Minimum Liability Coverage : The minimum liability coverages differ depending on the state. In order to obtain SR22 insurance in New Jersey, you must meet the following requirements:

  • $40,000 for damage resulting from one accident
  • $25,000 for death or injury to one person (it can be a passenger, a pedestrian, another driver on the road, or you)
  • $15,000 in property damage

Submit : The DMV accepts SR22 insurance applications. The state’s Office Of Driver Services will receive your form after you pay your insurer.

Confirmation : The state will review your SR22 application after you’ve submitted it. In the event that the form is approved, you’ll get a notification letter from the state and your insurer.

How Long Will I Need an SR22 Insurance in New Jersey

For the reinstatement of your license, you’ll need to have an SR22 in New Jersey for two years. Depending on your situation, the length of time may vary.

The state will notify you if you no longer need an SR22. When you will be allowed to reclaim your rights, they will notify you. You can also contact the Department of Motor Vehicles to find out how long you’ll need to keep your SR22.

It’s important to understand that once your SR22 certificate is no longer necessary, it will not be revoked. Tell your insurance provider to remove the form from your policy by speaking with them. Your insurance cost will decrease when the SR22 form is no longer included in your policy. This, however, isn’t something that everyone is guaranteed.

Plus, If you fail to obtain an SR22 certificate when you are obligated to do so, the insurance firm will notify the DMV, and your license will be suspended.

SR22 Insurance costs New Jersey

In New Jersey, car insurance with SR-22 Insurance coverage will cost more than regular minimum car insurance coverage, depending on your insurance company. SR22 Insurance costs in New Jersey ranging from $770 to $1180 per year depending on the violation.

Beyond the fact that you’ve been classified as a high-risk driver based on your personal profile, age, driving history, location, and a variety of other factors, your rate will also be affected by numerous variables.

SR22 Insurance in New Jersey costs an average

How much is SR-22 insurance in New Jersey? The national average cost for SR-22 car insurance New Jersey is $587 per year. But the average annual rate for auto insurance with SR-22 varies by city in New Jersey.

The Get today insurance team has researched from various companies that provide the cheapest SR22 insurance. You can look in the table below and see the average SR-22 rates for the state of New Jersey.

Cheap SR22 Insurance in New Jersey

The cheap SR22 insurance for drivers in New Jersey who have committed a type SR-22 violation is from Geico cost $915 per year.

While coverage might be considerably more costly for motorists who would need an SR-22 elsewhere, New Jersey is one of eight states that do not demand high-risk motorists to file an SR-22 form as proof of insurance.

After incidents like DUI, driving with a suspended license, or reckless driving, drivers in New Jersey may anticipate to pay an average of 94% more for car insurance.

Fortunately, a high-risk offense’s subsequent increase in premiums is merely transitory. You may expect your premiums to reduce if you continue to practice safe driving habits.

How to Find the Best SR22 Insurance Rate in New Jersey

Tips to Find the Best Cheap SR22 Insurance Rate in New Jersey :

Compare quotes from both national and regional insurers: When you’re looking for cheap car insurance, don’t forget to consider local insurance companies. Regional insurance companies, such as Erie Insurance and The Hartford, may offer lower rates than national insurers like Geico and State Farm, as well as comparable consumer satisfaction ratings in New Jersey.

Know the factors affecting insurance in New Jersey: Everyone understands that car insurance costs are influenced by your driving habits and claims history. When setting premiums, companies in New Jersey may also consider your age, gender, credit history, marital status, and other factors. The cost of insurance is influenced by the automobile you drive, your yearly mileage, and a few other things.

Choose coverage that is right for you: If you are at fault in a car accident in New Jersey, you will need liability insurance to compensate for the other driver’s losses. If you already have an older automobile, collision and comprehensive coverage might be optional and unnecessary. It’s also cheaper to go with a higher deductible or lower coverage limits. Make informed decisions so you don’t pay more than you have to, but don’t cut corners on the coverage you need.

Search for discounts: Almost everyone may find ways to save because top New Jersey car insurance companies provide a variety of discounts. If you’re a student, veteran, excellent driver, homeowner who wants to go paperless, and more, you may be eligible for a discount.

Stay in less expensive zip codes: In New Jersey, the price of car insurance depends on your zip code. The average difference between full coverage car insurance rates charged by drivers in the most and least expensive sections of New Jersey is around $1,400 per year.

Try usage-based insurance: Except for New York, New Jersey relies on public transportation more than any other state. Public transportation is used by about 11% of New Jersey residents, indicating that they drive fewer miles than the typical American. For low-mileage, non-aggressive drivers, usage-based insurance is a good option. While you may save as much as 50% with some firms, you must be comfortable with your insurer monitoring your actual driving behavior using a smartphone or device connected to your vehicle.

Maintain coverage: Even if you don’t own a vehicle, you’ll pay more if your insurance lapses. Drivers with less than five years of insurance history in New Jersey pay 30% more than those who have had coverage for more than five years.

Cheapest Companies SR22 Insurance in New Jersey

Geico and Amica are the Cheapest Companies SR22 Insurance in New Jersey. It pays to compare quotes because the price difference between the cheapest and most expensive car insurance in New Jersey may be hundreds of dollars or more.

Company Average Annual Rate
Geico $61 per month
Amica $121 per month
Travelers $150 per month
Allstate $155 per month

The cheapest SR22 insurance company in New Jersey is Geico, which charges an average of $61 per month for state-minimum coverage. It is the cheapest option in a number of specific categories, including full coverage and insurance for safe drivers, in addition to being the cheapest auto insurer for New Jerseyans overall.

Who has the cheapest SR-22 insurance in New Jersey?

NJM Insurance is the most cost-effective insurance for drivers in New Jersey who have committed SR-22-type offenses. While coverage might be considerably more costly for motorists who would need an SR-22 elsewhere, New Jersey is one of only eight states that do not demand high-risk motorists to file an SR-22 form as proof of insurance.

After actions like DUI, driving with a suspended license, or reckless driving, drivers in New Jersey may anticipate to pay an average of 94% more for car insurance.

Cheap Insurance Companies in New Jersey for High-Risk Drivers

Company Average Premium After DUI Average Premium After Reckless Driving
NJM Insurance $785 $785
Geico $915 $779
Progressive $1,148 $1,510
Travelers $1,210 $1,210
Esurance $1,628 $1,974

New Jersey Non-Owner SR22 Insurance

New Jersey Non-Owner SR22 Insurance is a form of liability coverage that protects you if you get into an accident while driving someone else’s car.

Injuries and property damage you cause others may be covered by non-owner insurance in New Jersey, but your car’s damage or your medical expenses are not covered. It’s only utilized to compensate for damage that exceeds the borrowed car’s insurance policy coverage.

The Average Cost of Non-Owner SR22 Car Insurance in New Jersey

For car who don’t own a vehicle but frequently use rental cars or utilize car-sharing services, non-owner automobile insurance is optimal. When you need to get your license reinstated, it can also serve as proof of insurance.

For car with a clean record, non-owner car insurance in New Jersey costs roughly $867 per year, whereas for those with a serious driving violation such as a DUI, it costs roughly $1,013.

Get Today Insurance found out when motorists should and should not get non-owner vehicle insurance quotes from New Jersey insurers and highlighted them.

Cheapest Companies Non-Owner SR22 Insurance in New Jersey

In New Jersey, non-owner SR22 insurance is less expensive than standard automobile insurance, although you may still get the greatest price by comparing quotes from firms.

On average, Get Today Insurance found the cheapest widely available non-owner SR22 Insurance companies in New Jersey are, on average: GEICO: $306 per year and Travelers: $463 per year

Cheap Non-Owner SR22 Insurance Companies in New Jersey

Company Annual Premium Monthly Premium
GEICO $306 $26
Travelers $463 $39
Progressive $831 $69
State Farm $1,870 $156

Frequently Asked Questions

How Much is SR22 Insurance New Jersey?

You must want to understand how much is SR22 insurance in New Jersey? if you are compelled to have it. Depending on the severity of the infraction, and the insurance company, you may face different penalties.

The cost of SR22 insurance New Jersey on average is $587 for a year. On the other hand, drivers with clean records have to pay $355 a year. As you can see, New Jersey SR22 insurance can raise the cost of your insurance by $232.

Is SR22 Insurance Required in New Jersey?

No. However, New Jersey has a minimum insurance requirement. All New Jersey drivers must have a Basic Policy, according to the Automobile Cost Reduction Act. The Basic Policy only has to provide coverage on a 15/30/5 liability basis with 15/30 UM limits, making New Jersey unique in this regard. Yet, since this does not cover all risks and lawsuits may arise because New Jersey is a No-Fault system, motorists may choose to reject the No-Fault system and sue. Most insurance experts recommend a higher level of automotive insurance coverage.

The State of New Jersey, on the other hand, imposes a DMV surcharge of $1,000 for three years in the event of a revoked license due to a DUI or DWI. Car insurance company surcharges for DUI or DWI in New Jersey vary depending on the provider, however there is no specific NJ SR-22 insurance form.

How much is SR22 Insurance in New Jersey per month?

Car SR22 insurance in New Jersey costs $107 per month for minimum coverage, on average, and around $245 per month for a full-coverage policy. Geico, NJM Insurance, and Amica are the cheapest insurance companies in New Jersey

Final Thoughts

You must carry the state’s minimum liability insurance and auto insurance providers routinely charge higher rates for drivers with less-than-perfect driving histories, even though New Jersey does not require SR-22 insurance filing for high-risk motorists. You may investigate for a cheaper automobile insurance plan after a few years when your driving record appears to be better.

SR22 Insurance by State

Alabama Louisiana Ohio
Alaska Maine Oklahoma
Arizona Maryland Oregon
Arkansas Massachusetts Pennsylvania
California Michigan Rhode Island
Colorado Minnesota South Carolina
Connecticut Mississippi South Dakota
Delaware Missouri Tennessee
Florida Montana Texas
Georgia Nebraska Utah
Hawaii Nevada Vermont
Idaho New Hampshire Virginia
Illinois New Jersey Washington
Indiana New Mexico Washington D.C
Iowa New York West Virginia
Kansas North Carolina Wisconsin
Kentucky North Dakota Wyomi