answersLogoWhite

0

What is assigned risk auto insurance used for?

Updated: 8/20/2019
User Avatar

Wiki User

10y ago

Best Answer

Assigned risk auto insurance is used to cover those drivers that would normally be denied coverage by most insurance companies. They get this form of auto insurance because of State law requiring them to be covered by auto insurance.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is assigned risk auto insurance used for?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the difference between Business auto insurance vs personal auto insurance?

Business auto insurance coverages commercial vehicles or vehicles used for work. Personal auto insurance coverages a personal automobile that is not used for work related activities.


What can insurance be used to cover?

Insurance can be used to cover a number of things such as: life insurance, auto insurance, travel insurance, home insurance, and business or corporate insurance.


What is an infinity auto insurance used for?

Infinity auto insurance is one of the top 50 insurance companies that offer insurance especially for classic cars. Insurance rates can be had online or by calling them.


What is risk management software?

Risk Management Software is used to balance risk with potential reward. It is used by insurance companies to determine insurance rates for clients without posing too much risk to the company.


Where can a person go to find insurance for a used car in Houston?

Car insurances for a used car in Houston can be found at Accurate Auto Insurance, Allstate, Spartan, Cheap Auto Insurance and Houston Auto Appraisers. Houston Auto Appraisers have over 50 years of experience.


Business Auto Insurance?

form_title=Business Auto Insurance form_header=Business auto insurance covers vehicles used for all types of business purposes. Hit the road today with the right insurance plan for your business. How many autos will be insured?=_ How is this vehicles(s) used in normal business practices?=_


What company offers cheap auto insurance that is also trustworthy?

Nationwide.com has cheap auto insurance and tips on how to find cheap auto insurance. Some tips are driving a used car that won't be that much to pay for insurance or raising up your deductible.


What is an auto insurance quote?

It is the price that the insurer charges in return for the provision of insurance coverage. The amount of the premium depends upon the nature and amount of the coverage provided and the risk factors presented by the proposed insured. Most state insurance regulators have authority to pass upon the reasonableness of the amounts charged and the classifications of risk. The regulator must reach a balance between the ability of the insurer to charge enough to remain solvent (have enough money to pay claims, overhead, and realize a profit).


Methods to calculate risk assessment in life insurance sector?

what criteria is used to assess risk before accepting to give insurance coverage?


How does free auto insurance benefit people?

Unfortunately, there is no free car insurance. Although, one can purchase auto insurance at a cheap price. Auto insurance is used in case of an accident. It helps pay for the damage done to the vehicle and/or the person(s) in the vehicle.


What percentage of auto insurance losses are used to determine premium?

All auto losses are used to determine premiums. All claims paid plus expenses of the company are added up to determine if the insurance company has a profit or a loss. Auto insurance companies usually try to break even on underwriting of auto insurance policies. If they can break even on the insurance then they will usually make money on investing the premiums and be profitable for the year.


What are the benefits of online auto insurance?

Online auto insurance benefits include being able to pay your bill online and review your policy. You can easily add or remove a vehicle or a driver from your policy. I have used online auto insurance for a while now.