Car insurance can be a major expense for anyone, but for those on a fixed income, it can be a particular burden. If you're on a fixed income, when you go shopping for your New Jersey car insurance quote, be certain to ask about the "Dollar a Day" program. This program can save you big bucks on your New Jersey car insurance quote if you qualify. Also known as the Special Auto Insurance Policy (SAIP), this program allows you to buy a medical only car insurance policy for just $365 per year.
The Dollar a Day program is only available to those who qualify for Federal Medicaid Hospitalization coverage. It does not offer vehicle and property coverage, but can help pay for medical expenses incurred in an automobile accident.
For example, you can use your Dollar a Day car insurance in NJ to cover emergency treatment immediately following an accident and treatment of serious brain and spinal cord injuries up to $250,000. It also provides a death benefit of $10,000.
You can purchase the Dollar a Day insurance from most licensed New Jersey car insurance agents. Just be certain to ask your agent when you're evaluating all portions of your New Jersey car insurance.
Keep the following things in mind when considering the Dollar a Day car insurance in NJ program:
" You must have a valid driver's license to be eligible for the program. If your license has been suspended or revoked, you do not qualify.
" The program is only available to those who qualify for Medicaid. Other members of your household who do not qualify for Medicaid coverage are not eligible. In addition, it does not cover medical expenses such as doctor's visits that would routinely be covered by Medicaid.
" This insurance does not cover property or vehicle damage. You'll still need your property damage and bodily injury liability coverage as required by law. The policy doesn't cover uninsured motorists, either, so you'll likely want to evaluate this coverage, too.
This New Jersey car insurance isn't for everyone, but it can be a great program for those on a fixed income who may have trouble affording traditional Personal Injury Protection coverage. Talk to your agent about this coverage as a possible option to saving money on your New Jersey car insurance quote. When you visit your agent, be certain to bring a copy of the driver's licenses of all Medicaid qualified applicants for the Dollar a Day plan, along with their Medicaid card.
Everyone wants to save money on their car insurance and New Jersey's Dollar a Day program is a great way to help many people who might otherwise find good coverage unaffordable.
|
"Your quick & easy quoting system allowed me to compare quotes from 4 different companies one after the other. Each quote was cheaper than the last! 15 minutes really can save you a lot of money on your car insurance." |
|
"I had no idea I could get a student discount until I read these tips. I shopped around and found insurance almost $200 cheaper than what I was paying." |
|
"I used your tips and then compared prices from 3 different insurance providers. It took me 15 minutes and I saved over 15% on the third provider. I should have done this months ago!" |
|
|
