How Much Is High-Risk Insurance in NJ? 

There are a variety of reasons you may be classified as a high-risk driver. Being in a high-risk category isn’t necessarily a permanent situation, but it can take some time and effort to get yourself out of this less-than-ideal classification. If you find yourself in a high-risk category, wondering “how much is high-risk insurance,” you should expect to pay a higher than average car insurance rate. However, the good news is that you can actively pursue an action plan to get out of a high-risk category, which can lower your insurance rate substantially.      

High-Risk Categories and How They Impact NJ Rates

High-risk categories for car insurance include inexperienced drivers, drivers with moving violations including drivers with DUI convictions, and drivers with multiple accidents. Drivers in high-risk categories will often pay annual insurance premiums substantially higher than that of the average NJ driver. Being classified as a high-risk driver is, indeed, very expensive! A DUI violation will typically have the most expensive impact, while other serious violations will have varying impacts according to how a particular carrier charges for those violations. New and young drivers are universally considered to be high-risk drivers, even when no violations appear in their driving history. Insurance companies may also look at other factors that can designate you as a high-risk driver, like having a lapse in (non-continuous) coverage.

How to Get Out of a High-Risk Insurance Category

Regardless of why you’re considered a high-risk driver, it doesn’t always have to be a permanent situation. Even if you’ve posted a less-than-perfect driving record, you can still establish yourself as a safer, more responsible driver in the future. Generally speaking, most auto insurance carriers will use a three to five-year lookback period when assessing your risk as a driver in New Jersey. Depending on your personal situation, you have the power to get out of a high-risk category and reduce your car insurance rate with the following action steps:

  • Avoid Moving Violations and Accidents

This may seem like a no-brainer, but this will be the number one thing you can do to get out of a high-risk insurance category. Obey the posted speed limit, use your signals, avoid distractions and always wear your seat belt. Posting a clean driving record for three consecutive years will do wonders for your insurance rate.         

  • Complete a Defensive Driving Course

Completion of a defensive driving course not only further educates you on NJ driving laws; it also demonstrates your initiative in taking a proactive approach to driver safety. Most car insurance carriers in New Jersey will offer a discount that can help offset a higher premium.  

  • Earn Good Grades in School

Younger drivers are automatically placed in a high-risk insurance category. While this may not seem fair, the statistical data that links young drivers with accidents is overwhelming. Regardless, students who post good grades in school may earn a discount with select insurers. Auto insurance carriers often view good grades in a positive light and will typically offer a discount.  

  • Improve Your Credit Score

Paying your bills on time is critical in maintaining a high credit score as well as a high insurance score. Timely payments of your auto insurance premium go a long way in establishing trust with your insurance carrier, which will reduce your rate over time.

Shopping Around for the Best High-Risk Driver Rates

Just like shopping for other products and services, it typically requires some homework to identify your best option. Taking the time to shop and compare coverage and rates will pay off. Whether you’ve just come into a high-risk insurance category, or you’re in the process of getting out of one, there are a few things you will want to consider when shopping for an auto insurance carrier:

Adequate Coverage – Remember why you’re buying insurance in the first place.

Reliable Service – High-quality customer service and claims servicing is very important. Ask around and read reviews.

Rating – Be sure to choose a carrier that has a top-level financial rating, is well-established, and has a reliable track record.

Price – Find a carrier that offers a rate that fits within your budget. Always compare prices for the same coverages and deductibles across companies.    

In addition to coverage, service, rating and price, consider other value-added offerings such as rewards programs and available discounts for which you may qualify. Keep in mind that while the rate you pay for coverage may weigh heavily on your decision, seeking the carrier that offers the best value is still the smart consumer choice for high-risk insurance rates and remember that the cheapest option is not always the best one!      

Final Thoughts on High-Risk Insurance

Working towards getting out of a high-risk designation? Talk to an insurance carrier with over 35 years in the industry. Consider Plymouth Rock Assurance. The experienced licensed agents at Plymouth Rock have a thorough understanding of high-risk categories and will work with you to provide the coverage you need at a competitive rate.  We want to help you find the best car insurance for you! In addition to custom policies and outstanding service, Plymouth Rock offers substantial discounts through exclusive affinity programs in NJ. Call Plymouth Rock today to see if you qualify!    

Call 855-993-4470, get your free quote online, or find an agent to learn about how much high-risk insurance costs in NJ. If you need additional information it can be found on our Contact Us page.