Dollar a day car insurance is really excellent insurance program that reduces the high cost of the car insurance. This insurance program is not possible to get at all state in the United States of America. You just can get it in New Jersey in the United States of America where there is a good system of car insurance for low income individuals. Dollar a day car insurance means you pay one dollar per day to cover insurance. This amount is affordable for the drivers who can spend easily for getting insurance coverage. This insurance program is also known as SAIP plan.
Dollar a day car insurance mainly specifies SAIP which stands for Special Auto Insurance Policy for the low income individuals and families. This special program was first initiated by the department of banking insurance in New Jersey which is available in the state of New Jersey. The main aim of this special program is to enable the low income families to pay the cost of car insurance. The terms is known as you have to pay one dollar per day to afford the cost of car insurance.
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Eligibility To Qualify
People who are enrolled in Federal Medicaid with hospitalization can easily get this special insurance policy. There are 2, 00,000 people who are currently qualifying for Special Auto Insurance Policy which is commonly known as dollar a day car insurance.
It is not so difficult to get this special insurance policy because you just need to contact with insurance provider. What you need is you have to show your Medicaid ID number. Though there is medical liability insurance which is required in New Jersey under this program, you can reduce the cost of legal dues and emergency medical costs in case you face any accident.
However it is important to be a member with federal Medicaid with hospitalization to make sure you are not spending any treatment cost due to serious type of injury. More importantly you can get cheapest rate of car insurance.
Cost Of This Insurance Coverage
You have already known the cost of this insurance policy which is dollar a day for car insurance. You are living in New Jersey, you are lucky guys because you are getting this cheapest car insurance policy.
The total cost of this special insurance is $365 annually. If you pay at upfront amount and you are getting $5 as discount. The single amount may be a little bit high at a time. So you can pay the amount twice as installment of $182.5. It is really a smart deal to get this payment structure. The flat rate payment has many benefits because you don’t have to rush to the agent or insurance office to make payment.
Coverage Available
Dollar a day car insurance is limited to get all types of coverage and you may think that it is not worth saving you for a big accident. That is wrong because you can get high at low. The main coverage of this special insurance policy is emergency medical treatment after an auto accident. Surely the emergency cost of the medical treatment may go high in case of brain and spinal cord.
However, Dollar a day car insurance has two major policies like spinal cord injury and brain injury. For any type of head on collision or serous type car accident, these injuries are most common and dangerous as well. The cost of the treatment of those injuries is costly. The insurance policy amount stands at $2, 50,000 those injuries and more $10, 000 is payout amount in case someone dies. This cost is for the funeral and other closing spending. Most often, you have liability insurance as pre requirement, but this insurance is not included under this policy.
What Is Not Covered?
Though it is a car insurance, there are many factors like comprehensive coverage, collision coverage and liability coverage. This special insurance policy is not available for those coverage. Additionally this cant also be used to cover property damage. So you should be clear that you damage other property or other driver damage your car, there is no scope to get coverage.
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Applying For The Policy
Dollar a day car insurance is really one of the most affordable and cheap insurance. There are simple terms and conditions of getting dollar a day for car insurance.
Unexpired Driving License : Driving license is the first requirement to get this cheap insurance. The license should not be expired. If you have already a driving license, you check it out about the expiry date. You renew it in case the expiry date is coming to close. You have to submit this unexpired driving license as driver.
Vehicle Registration : The car you are driving must be registered from the government. No vehicle can be insured under this special insurance in case there is no registration. Registration must be authentic where the details of driver will be explained clearly.
Medicaid Registration Number : This insurance policy is available for this who have valid Medicaid registration number. You need to submit it as first terms and condition. In case you don’t have any registration number, you manage it by being member of federal Medicaid where you can get Medicaid registrations number.
Importance Of Dollar A Day Car Insurance
Dollar a day car insurance is one of the insurance program in the state of New Jersey which enables people who don’t afford to spend for the higher rate of car insurance. This can be one of the good deal to go because it is possible to save money on medical liability of the car insurance. This program run by the Department of Banking Insurance helps the driver carry medical liability to make sure they can cover medical costs caused an auto accident.
However it is one of the most affordable car insurance ever because dollar a day for a car accident can be worth saving a huge amount of money. This special insurance can be best choice for the drivers who want to carry medical liability. Surely liability insurance is required to make sure you are not spending a dollar for the treatment cost.
Final Verdict
This insurance program can be a good deal to save a huge amount of money. It is possible to get car insurance quotes from top level companies where you can make it easily and quickly. You just need to enter your ZIP code and answer some question to be eligible for this insurance program.