One-dollar-a-day car insurance, also called the Special Automobile Insurance Policy (SAIP), is a state program designed to provide affordable insurance for qualifying New Jersey residents. It serves people currently enrolled in Federal Medicaid with Hospitalization who meet specific income requirements. It helps low-income drivers access basic medical coverage, providing financial protection even when standard insurance premiums are beyond reach.
The SAIP doesn't meet the state's minimum requirements for car insurance and only provides limited medical coverage for treatment after a car accident. Despite this limitation, SAIP policyholders are considered legally insured under New Jersey law, even though they lack the comprehensive protection that standard policies provide.