What does being classified as an "Assigned Risk" indicate?

Being classified as an "Assigned Risk" indicates that no insurance company will provide you coverage, which reflects that traditional insurers view you as too high of a risk based on your driving record or other factors. In this situation, you are assigned to a state-sponsored program that offers insurance coverage specifically for high-risk drivers who cannot obtain it through standard insurers. This classification often arises when a driver has had multiple accidents, serious violations, or other issues that make them uninsurable in the conventional market.

While higher premiums and being categorized as a high-risk client may be relevant to your situation, they do not specifically define the term "Assigned Risk.” Similarly, being dropped due to license suspension may be a reason for high-risk status, but it does not encapsulate the broader implications of being classified as an Assigned Risk. This classification signals the need for special handling by insurers due to the perceived high risks associated with insuring you.