What Is Assigned Risk

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Rules for new policyholders can vary widely and change daily as rates and other factors change.

If another insurance company will not insure you, try a company that specializes in high-risk drivers.

The majority of people in an assigned risk category have good driving records, but they are forced into the assigned risk auto insurance plans because they come from a risky group (like young drivers), or because they live in a area where there are a lot of claims.

Some high-risk groups are categorized according to the vehicle's chances of being stolen, vandalized or damaged.

If there is no voluntary policy providing multiple state coverage, such parties can purchase a separate state's Worker's Compensation fund or NCCI assigned risk to fill the coverage gap.

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However, premium for such coverage may be higher than any voluntary policy.

An automobile assigned risk insurance plan is an auto insurance plan that is designed to provide insurance for drivers who are perceived as high risk to insurance companies.

Drivers can be viewed as high risk to auto insurance companies if they have bad driving records with a lot of accidents, tickets, and other issues Automobile assigned risk insurance plans generally come with higher premiums.

If you do have a poor driving record, you might have a problem finding an insurance company that will accept you.

Most states have some type of assigned risk auto insurance plan available so that you can get coverage.

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