Exploring PIP Options for GEICO Auto Insurance in New Jersey
I currently have GEICO auto insurance and I’m presented with several PIP options:
- PIP Health Primary
- PIP Primary
- PIP Med PIP Primary
- PIP Med Health Primary
Since I have excellent health coverage through my state government job with Horizon, should I opt for PIP Health Primary? Additionally, what level of coverage and deductible would be advisable for my PIP choice?
Choosing the right PIP (Personal Injury Protection) option with GEICO depends on your individual circumstances, especially since you have good health insurance through your job. Here’s a breakdown of your options:
PIP Health Primary: This typically means your health insurance will pay for your medical expenses first, and then PIP would cover any remaining costs. This option may reduce your out-of-pocket expenses if you have a solid health plan.
PIP Primary: With this, your PIP would be the primary coverage for medical expenses following an accident, which could be beneficial if you anticipate high medical costs or want to avoid any potential issues with your health insurance.
PIP Med PIP Primary: This is generally designed for those with strong health insurance as well, with PIP acting as the primary coverage but also providing some additional medical coverage.
PIP Med Health Primary: Similar to PIP Health Primary but might offer different benefits or be structured differently; it’s essential to clarify this option with GEICO.
Given that you have good health insurance with Horizon, PIP Health Primary may be a suitable choice, as your health insurance can cover a significant portion of your medical expenses, potentially saving you on your auto insurance premiums.
Regarding coverage limits and deductibles for PIP, New Jersey typically offers a few options:
Since you have good health insurance, you might opt for a lower coverage limit (e.g., $15,000 or $25,000) and a deductible of $0 or $250, depending on your comfort level with risk and out-of-pocket expenses.
Ultimately, it’s advisable to review your specific health insurance policy details and consider how much risk you are willing to take on financially. Additionally, you may want to discuss your options with a GEICO representative or a qualified insurance advisor to make the best decision for your situation.