Insurance rates change constantly. Find out if you’re eligible for lower premiums from leading providers.
What is an Assigned Risk in Car Insurance?
Assigned Risk Briefly Explained
Since all states have some form of auto insurance or financial responsibility requirements to operate a vehicle legally, provisions had to be made for higher risk drivers to comply with these regulations. Assigned risk is the solution. When a high-risk driver applies for insurance in a state and doesn’t qualify for standard insurance rates, they will be “assigned” to an insurance provider licensed to sell auto insurance in the state.
Assigned risk is a type of automobile insurance plan designed to help high-risk drivers get automobile insurance coverage
Typically, drivers who have accumulated a large amount of points on their driving records, have been involved in multiple accidents or have received a DUI are considered high risk. Assigned risk policies can be expensive so drivers can benefit from qualifying for standard automobile insurance coverage.
Insurance rates change constantly. Find out if you’re eligible for lower premiums from leading providers.