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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Auto Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Assigned Risk |
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When a driver cannot obtain insurance from the voluntary insurance market (preferred, standard and nonstandard insurance companies), because of an unsatisfactory driving history, he or she will be assigned to a specific insurance company under an assigned risk plan. That insurance company must then provide the minimum liability coverage required by the state. These policies are more expensive and provide minimum liability coverage only, no physical damage coverage (comprehensive and collision). |
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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