New Jersey car insurance customers who want to save money on the cost of their coverage have some options available to them. One thing they can do is increase the amount of their deductible. This is the money that the policyholder agrees to pay out of pocket before the insurance company pays out anything toward a claim.
If you are thinking of increasing your deductible as an option, do so with caution. You don’t want to set the deductible so high that you will have trouble paying this amount if you need to make a claim. Consider your budget and the amount you will be saving on your premium before you make a final decision about changing your deductible.
Another way you can save money on your New Jersey car insurance coverage is to use your own health insurance as the primary source of accident benefits for your injuries. Before you choose a lower limit on your Personal Injury Protection (PIP) coverage, find out if your existing health insurance plan will cover medical bills for injuries sustained in an accident and, if so, what level of coverage you have. If you are on Medicare or Medicaid, you cannot elect to use this coverage as you primary health care option for injuries sustained in an accident.