If you have bad credit, check out NJM for some of the cheaper averages. New Jersey auto insurance companies must offer a lower rate for cars with approved anti-theft or security devices. The only situation where SAIP insurance would cost more is if you have multiple cars that need to be insured. 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.
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. New Jersey auto insurance must offer a personal injury protection (PIP) discount on a policy if the insured person is the only person licensed to drive in the household and has at least two cars covered by the same insurance company. If you have a history of drunk driving, you can find cheaper insurance with NJM, Progressive, or Plymouth Rock, but compare car insurance quotes from several companies to find the best rate. While eligible drivers with one-dollar per day policies receive proof of insurance and are considered to be driving legally, SAIP insurance does not meet New Jersey's minimum auto insurance requirements for most drivers.
We recommend that you consider an alternative auto insurance policy, such as New Jersey's Basic or Standard policies, if possible. New Jersey's SAIP insurance policy has incredibly limited coverage and doesn't meet the minimum requirements for most drivers. Under New Jersey law, your auto insurance company can decide if “it's not economically practical to repair your car.” Since the only people eligible for SAIP car insurance are those who receive Medicaid, that is, those who belong to families with low incomes or with disabilities, you may have trouble paying any of these costs if you are involved in an accident. If your insurer doesn't offer a way to access your insurance identification card electronically, keep a paper copy handy.
The New Jersey Department of Banking and Insurance has a worksheet on car insurance that shows you the state's many car insurance options, including coverage options and deductibles.