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How To Buy Automobile Insurance

Assigned-Risk Or High-Risk Pools

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An assigned-risk pool is a state-sponsored pool that provides a means of obtaining automobile coverage even if you have a poor driving record due to accidents or moving violations.

Rates for pool members are generally higher than for similar coverage in the private market, and coverage is generally more limited.

If you are told that you have to go into an assigned risk pool, check with other brokers or insurance companies to see if their underwriting standards are more lenient.

Once your driving record improves, start shopping for private insurance companies. The law of your state may even mandate that after a given period without accidents or violations private insurance companies must reconsider covering you.

To locate the assigned-risk or high-risk pool in your state, contact your State Insurance Department. To find the department in your state, click here offsite link

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