Tips To Make Sure You Get the Best Dollar a Day Car Insurance

When it comes to auto insurance, we want to make sure that we have a safety net when we’re behind the wheel. Insurance coverage provides some financial peace of mind in the event that you or a loved one are involved in a car accident, or whether the damage was done to a vehicle or other elements. However, car insurance costs can sometimes be too much for your monthly budget. That’s why it’s best to look into multiple options to see what you can spring for.

Cheaper Car Insurance

Low-income Americans may be able to afford insurance for different lines of coverage. For example, they and their family members may be placed on Medicaid to address any of their health care needs. Medicaid is actually more than health, as it includes a provision for auto coverage under their insurance policy. It’s designed to cover medical expenses for injuries that result from a car accident. However, this insurance coverage will not extend to anyone else in your vehicle, nor will it pay for any repairs to your vehicle.

In some states, there are government programs in place designed to offer affordable car insurance. In New Jersey, dollar a day car insurance is made available for those enrolled in federal Medicaid, with people qualifying for the state’s SAIP or Special Automobile Insurance Policy. SAIP insurance allows low-income drivers who qualify for Medicaid protection to save money on medical liability car insurance. This limited coverage is considered the best way to drive legally in New Jersey, with what is essentially blanket protection for you as the owner of the vehicle and driver.

What does dollar-a-day insurance cover?

Dollar-a-day auto insurance is not obtained through insurers and is limited to coverage for emergency treatment for the policyholder immediately after an accident, as well as medical treatment if the policyholder sustains severe brain or spinal injuries. There is also a life insurance component to dollar-a-day insurance, offering up to a $10,000 death benefit to the family or beneficiaries of the insured in the event they are killed in a crash.

Dollar-a-day insurance is only available to those New Jersey residents who qualify for Medicaid. New Jersey SAIP insurance costs $365 per year, which works out to a dollar per day. You can pay in a single, annual payment, in which case you’ll save an additional $5. However, this type of auto insurance coverage is not all-encompassing like a comprehensive policy through an insurance company. While it may be the best price, it does not cover you in the event you require treatment for injuries not linked to the brain or spine, as well as all physical damage to vehicles in a car accident.

Other Options To Hit the Road

Beyond dollar-a-day insurance in New Jersey, other states are offering up auto coverage. California, for example, helps low-income families obtain affordable car insurance. The California Low-Cost Automobile Insurance Program enables qualified drivers to purchase protection that meets the minimum coverage required by the state. In Hawaii, the state offers help with supplemental security income insurance for individuals over the age of 65 or suffering certain disabilities. Maryland has a private insurance option, known as Maryland Auto Insurance, which provides auto liability insurance to residents who can’t get coverage the usual way.

Across the United States and through multiple insurance providers, there are other discounts that are made available to policyholders. This can range from savings for going paperless on an insurance policy to rebates for defensive driving courses. Some insurance companies even offer up discounts for good grades for student drivers, or for bundling with other coverage. It’s all about exploring your options and seeing what suits your needs for the best price.