Assigned Risk
A state-run program that provides auto insurance to high-risk drivers who cannot get coverage on the open market. Each insurer operating in the state is assigned a share of these drivers. Premiums in the assigned risk pool are typically much higher than standard rates.
Related Terms
Disclaimer: This glossary entry is for informational purposes only and does not constitute financial or insurance advice. Consult with a licensed insurance professional for personalized guidance. GuardianChoices may earn affiliate commissions from links on this site — see our advertiser disclosure.
Get Our Free Insurance Buying Guide
Money-saving tips, comparison checklists, and red flags to avoid — for every type of insurance. Delivered free to your inbox.
We respect your privacy. Unsubscribe at any time.