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  1. #1
    Join Date
    Jul 2006
    Posts
    2

    Default Assigned risk auto insurance

    I am 18 years old and have been involved in 3 car accidents in last year. Only one was at fault. My rates are now very very high and have heard of something called assigned risk auto insurance which may lower my rates. Also have heard of government aid insurance but not sure on either of these solutions. Some help please.

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Assigned risk auto insurance

    In what state?

  3. #3
    Join Date
    Jul 2006
    Posts
    2

    Default Re: Assigned risk auto insurance

    the state of california

  4. #4
    Join Date
    Jun 2006
    Location
    Practicing in Los Angeles, California
    Posts
    411

    Default Re: Assigned risk auto insurance

    Quote Quoting robert887
    I am 18 years old and have been involved in 3 car accidents in last year. Only one was at fault. My rates are now very very high and have heard of something called assigned risk auto insurance which may lower my rates. Also have heard of government aid insurance but not sure on either of these solutions. Some help please.

    My response:

    Upon cancellation of your current policy, your current insurance company will inform you whether you will be eligible for the California Automobile Assigned Risk Plan (CAARP). Assigned risk is merely a "pool" of high risk drivers whom insurance companies MUST insure, but at substantially higher rates - - not cheaper rates. The insurance companies are, in effect, "forced" to insure people such as yourself under California Insurance code § 665.

    In general, the plan assigns such insureds to the various companies who write insurance in California, and regulates the premiums that can be charged to such insureds. This assigned-risk insurance is generally issued at the minimal levels required by the financial responsibility law. [California Insurance code § 11622]

    IAAL

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