If you have a valid drivers license and can't get car insurance, assigned risk insurance may be the only way that you can legally stay on the road. Just what is assigned risk insurance? What does the insurance cover? What can you do to qualify for standard coverage? Most states, not all, require that you have insurance to drive a vehicle. As long as you have a license, most states require insurance to be available for you.Just what is assigned risk insurance?
A person can't obtain insurance through the normal market but has a drivers license and is required to be covered under state law. The state assigns the individual to one of the many large insurance companies operating in the state. They use a method to spread the high-risk drivers fairly among the large insurers of the state. Then they force the insurance company to provide that individual with coverage. The insurance premium can be either mandated by the government or determined by the insurance company through regulations set by the government.
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