How to Pay Your Insurance Bill Online With NJM

Paying your insurance premiums on time is crucial to keeping your policy active and avoiding lapses in coverage. NJM makes it quick and easy to pay your insurance bill online, over the phone, or through automatic monthly payments. This article will explain the various payment options NJM offers along with tips for paying on time.

Paying Your NJM Insurance Bill Online

The fastest way to pay your NJM insurance bill is through their online payment portal. Follow these simple steps

1. Go to www.njm.com/insurance/make-a-payment and click on “Make a Payment.”

2. Select whether you are paying a personal or business policy This will direct you to the right login page

3. Enter your NJM username and password. If you don’t have an account, you can create one or proceed as a guest.

4. Pick the exact policy you want to make a payment for. You can select from a dropdown menu.

5. Enter the payment amount, whether full balance, minimum due, or custom amount.

6. Provide your payment method details including card or bank account information.

7. Review everything carefully then submit the payment.

After completing the process, you will receive a payment confirmation email from NJM for your records. The payment is instantly applied to your account balance.

Paying online is the quickest, most convenient way to pay an NJM insurance bill. You can log in anytime to check balances or payment history.

Paying Your NJM Insurance Bill by Phone

You can also make a payment 24/7 by calling NJM’s payment line at 1-800-232-6600. Here’s how:

1. Call 1-800-232-6600 and dial extension 4125 when prompted.

2. You will be connected to the NJM payment system. It will ask you to enter your policy number.

3. Next, follow the voice prompts to enter your payment amount and payment method, either card or bank account.

4. The automated system will process and confirm your payment immediately while you are on the call.

5. Make sure to jot down the confirmation number provided at the end.

The automated phone payment option allows you to pay your bill anytime without having to speak to an agent. However, phone payments take longer than the fast online method.

Setting Up Automatic Payments with NJM

For hassle-free payments, you can enroll in automatic monthly payments through your online NJM account. Here’s how it works:

1. Log into your account and click on “Manage Payments.”

2. Under auto-pay options, select the policy you want to set up on recurring payments.

3. Pick the date each month you want payments automatically withdrawn.

4. Enter your payment method information such as bank account or credit card details.

5. Review and submit the request to activate automatic monthly payments.

Once activated, NJM will automatically debit your selected account each month on the date specified, ensuring your payment is always on time. You can cancel or edit auto-pay anytime through your online account.

Tips for Paying Your NJM Insurance Bill on Time

• Schedule monthly reminders on your calendar for your due date. NJM bills are due upon receipt.

• Go paperless to receive email alerts when your new bill is ready to view online.

• Avoid late fees by paying within at least 5 days of receiving your bill. NJM charges $20 for late payments.

• Log into your account regularly to check your balance and verify payments received.

• Contact NJM immediately if you need to discuss alternate payment arrangements in case of hardship.

• Update your payment information right away if your credit card expires or account details change.

What If I’m Having Trouble Paying My Bill?

If you are struggling to pay your NJM insurance premiums, don’t panic. You have options:

• Payment plan – NJM may let you divide your balance into smaller installments over several months.

• Billing date change – They can potentially adjust your bill due date to align better with your pay schedule.

• Premium subsidy – If eligible, NJM may cover a portion of your monthly premium based on financial need.

• Policy adjustment – Your agent can discuss changes to your coverage, deductible, limits, etc. to reduce your costs.

• Available discounts – Ask your agent to check for any discounts you may qualify for to lower your premium.

The key is informing NJM right away that you are having difficulty making payments so they can work with you on the best resolution to maintain active insurance coverage.

Why You Should Pay Your Insurance Bill on Time

There are important reasons to make sure you pay your NJM insurance premiums by the due date:

• Avoid lapse in coverage – If you don’t pay on time, NJM can cancel your policy for nonpayment leaving you uninsured.

• Prevent state penalties – Letting your insurance lapse due to nonpayment could lead to fines or license suspension.

• Maintain discounts – Failing to pay on time may make you ineligible for discounts on your policy, increasing your rate.

• Avoid credit impacts – If your nonpayment continues, NJM may report your policy as inactive to credit bureaus.

• Prevent fees – Paying late can result in late fees from NJM as well as reinstatement fees if your policy is cancelled.

• Gain peace of mind – Knowing your insurance is active gives you security and peace of mind.

Frequently Asked Questions About NJM Insurance Bill Pay

Q: When are NJM insurance bills due?

A: NJM bills are due upon receipt. They recommend paying within 5 days of receiving your new bill.

Q: What are my NJM bill payment options?

A: You can pay online, by phone, through auto-pay bank withdrawals, by mail, or using your bank’s online bill pay service.

Q: How can I check the balance on my NJM insurance account?

A: Log into your online account anytime to check your balance and view payment history. You can also call 1-800-232-6600.

Q: Are there fees for paying late?

A: Yes, NJM charges a $20 late fee if they don’t receive your payment within at least 5 days of you receiving your bill.

Q: What if my payment information changes?

A: Log into your NJM account immediately and update your payment information so any automatic payments can continue uninterrupted.

Q: What if I’m having trouble making payments?

A: Contact NJM as soon as possible if you are struggling to pay. They will work with you on options to maintain active insurance coverage.

Paying your NJM insurance bill on time is fast and easy with their online tools and automated systems. Contact your agent if you have any billing or payment questions.