Do they have a cap on auto insurance annual premium in NJ?... i heard it was 3200, but i may be wrong?

Question

Do they have a cap on auto insurance annual premium in NJ?... i heard it was 3200, but i may be wrong?

Answer 1

Nope, you're wrong.  There's no cap.

Answer 2

There is no cap on auto insurance premiums but you may be thinking of the Special Automobile Insurance Policy (SAIP), also known as Dollar a Day, it is a new initiative to help make limited auto insurance coverage available to drivers who are eligible for Federal Medicaid with hospitalization. Such drivers can obtain a medical coverage-only policy at a cost of $365 a year.

What is the Dollar-a-Day policy?

The Dollar-a-Day policy is a new initiative to help make auto insurance available to drivers who are likely to go uninsured because of limited financial resources.

Who is eligible to get the policy?

People who are currently enrolled in FEDERAL MEDICAID WITH HOSPITALIZATION are eligible for the Dollar a Day policy.