Is there Car Insurance for Low Income Families, Individuals and Seniors

Is there Car Insurance for Low Income Families
Is there Car Insurance for Low Income Families

What is low-income car insurance?

Is there Car insurance for low income families? is one of the necessary evils of this world. It’s not particularly exciting to discuss, it’s expensive, and you have to have it. And yet, our information shows that people who earn between $10,000 and $19,000 per year pay nearly as much as those who earn more than $200,000 per year. Along these lines, based on its necessity and the expense, it’s not hard to understand why people are looking for affordable car insurance on a low income. This is where it gets tricky.

Is there auto Insurance for Low Income
Is there auto Insurance for Low Income

Government Car Insurance Programs for Low Income Families

Because household income isn’t directly used to determine month to month rates, most companies don’t create special projects for low-income families. Still, there are a few state-operated projects and companies that are specifically designed to help.

Car Insurance for Low Income Families in California

California has a program called California’s Low Cost Car Insurance Program, or CLCA, and is designed to provide low-cost insurance rates for eligible drivers.

Auto Insurance For Low Income Families in New Jersey

New Jersey’s plan, Special Automobile Insurance Policy (SAIP), provides just the medical coverage portion of your auto insurance after a car accident. Eligibility is dependent upon you already being qualified for Federal Medicaid with Hospitalization, which an insurance agent can determine from your Medicaid ID card.

How much does SAIP cost and what are the requirements to join?

SAIP costs $365 per year. This coverage is additionally contingent upon yearly renewal of your Medicaid benefits. For example, if your Medicaid benefits were to lapse mid-year, your SAIP benefits would continue until the next renewal.

What does SAIP cover?

This coverage pays for emergency medical treatment immediately following an accident, including the treatment of serious brain and spinal injuries up at $250,000. In the event of death, a $10,000 benefit is available.

What doesn’t SAIP cover?

As stated, this policy is for medical coverage just — so things like comprehensive or collision coverage aren’t provided.

is there car insurance for low income individuals
is there car insurance for low income individuals

Is There Car Insurance for Low Income Families in Hawaii?

Hawaii provides a little more coverage for some of its residents through their state’s Aid to Aged, Blind, and Disabled program (AABD). This program, which provides free auto insurance for those who qualify, has a few requirements:

How to get coverage under AABD:

Because this is a government program, you would need to speak with the Hawaiian Department of Human Services in order to receive any benefits from AABD.

Other opportunities for low-income drivers to Save on Insurance

Even if you can’t get inexpensive insurance from your state government, there are many ways for low-income drivers to reduce car insurance costs. Some of these options are straightforward, and others require careful consideration. Compare Car Insurance with No Deposit.

is there car insurance for low income individuals
is there car insurance for low income individuals

Other regular discounts to get some information about:

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