What is the primary function of the Virginia Automobile Insurance Plan Association (VAIP)?

The primary function of the Virginia Automobile Insurance Plan Association (VAIP) is to assist high-risk drivers in finding vehicle insurance. This program is designed to ensure that drivers who may have difficulty obtaining insurance in the traditional market—due to factors such as a poor driving record or a lack of prior insurance—are still able to meet the state's mandatory auto insurance requirements.

The VAIP provides a way for these drivers to obtain insurance coverage through a residual market, effectively acting as a safety net for those who are considered high-risk. By facilitating access to insurance for these individuals, the VAIP helps to promote overall road safety and compliance with state laws, as it encourages more drivers to insure their vehicles properly.

The role of the VAIP is not to provide coverage for standard or preferred drivers, nor is it focused on conducting market research for insurance companies or negotiating the cash value of vehicles. Its primary mission centers on serving those who face challenges in finding insurance in the conventional market, reinforcing the importance of responsible driving and legal insurance coverage.