Different types of PIP for GEICO auto insurance in NJ

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1. It’s great that you have good health insurance through your job, as that can influence your choice of Personal Injury Protection (PIP) coverage with GEICO. Here’s a breakdown of your options and some considerations:

   1. PIP Health Primary: This option allows your health insurance to be the primary payer for medical expenses resulting from an auto accident. This can be a smart choice if you want to avoid using your auto insurance for medical claims, especially if you have strong health coverage like Horizon.

   2. PIP Primary: In this option, your auto insurance would be the primary payer for medical expenses before your health insurance kicks in. This can provide quicker access to PIP benefits, but if you have reliable health insurance, it might not be necessary for you.

   3. PIP Med PIP Primary: This option typically combines medical coverage through your auto insurance with a PIP component. It ensures in-auto-related injuries are covered but could overlap with your existing health insurance.

   4. PIP Med Health Primary: Similar to PIP Health Primary, this option usually relies on your health insurance first for coverage while providing additional benefits.

   Since you have strong health insurance, PIP Health Primary might be the most beneficial option for you. This route can minimize payouts from your auto insurance, potentially keeping your premiums lower in the long run.

   Coverage and Deductible Choices

   For coverage limits, New Jersey mandates a minimum of $15,000 for medical expenses, but you may want to consider higher limits for added peace of mind, especially considering the costs of medical care.

   Regarding deductibles, if you choose PIP Health Primary, you might be able to opt for a lower deductible since your health insurance will cover a significant portion of medical expenses immediately. However, if you choose a higher deductible, your premiums may be lower. It really depends on your comfort level with out-of-pocket expenses in the event of a claim.

   Recommendations:

   • Evaluate Your Health Insurance: Look at what is covered and any possible gaps. Check the points of collision with your health insurance’s coverage.
   • Consider Your Risk Tolerance: Decide how much risk you’re comfortable taking on regarding deductibles and out-of-pocket maximums.
   • Consult with an Insurance Agent: It can be really helpful to discuss your unique situation with a GEICO agent or an independent insurance broker who can provide tailored advice.

   Ultimately, choosing the right PIP depends on your individual needs and circumstances, so make sure you weigh all factors carefully!

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