New Jersey insurers typically offer discounts that fall into three categories: policy discounts, driver discounts, and vehicle discounts. Just about anyone can get a discount on car insurance in New Jersey because most insurance companies make it easy to get a variety of savings. The 10 biggest insurance companies offer a good student discount, and the requirements are generally the same among insurers. In New Jersey, your citation may be dismissed if you can provide the court with proof that you have valid insurance by the date of the subpoena within 24 hours.
New Jersey is also a “no pay, no play” state, meaning that uninsured motorists must pay a certain amount out of pocket before they can sue the at-fault driver for damages. Only one car can be insured per policy, so if your family needs two vehicles, you'll have to purchase a second-dollar insurance policy per day so that both are covered. If you borrow a car from someone who lives in their own home, it must be listed on the car owner's policy. We recommend that you consider an alternative auto insurance policy, such as New Jersey's Basic or Standard policies, if possible.
The National Continental Insurance Company is the insurer that issues car insurance policies in dollars a day, but SAIP coverage can be purchased from most New Jersey insurance company agents. Another option is the New Jersey Assigned Risk Plan, which offers basic auto insurance coverage to people who can't get coverage elsewhere. There are several unique reasons why car insurance is also increasing every year in New Jersey, even if your details remain the same. Take an in-person or online course approved by the New Jersey Motor Vehicle Commission (MVC) to get a discount on your liability, PIP and collision premiums that applies for up to three years.
The limited coverage of the one-dollar a day auto insurance policy means that it's unlikely that they will offer coverage to you as a policyholder in most accidents. In New Jersey, auto insurance companies may consider factors such as employment, residence and marital status when setting premiums. The consequences of driving without insurance are ultimately more costly than buying minimal car insurance coverage. However, since the cost of SAIP insurance is already so low, there are no additional ways to subsidize the cost of these auto insurance policies.