Assigned Risk Plan

Assigned Risk Plan-67
The Plan does not provide insurance directly, but instead assigns drivers to auto insurance companies that already operate in the state of Connecticut.Indeed, if a company wants to do ANY auto insurance business in the state, it must agree to cover a share of the high risk drivers.

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There is no hard-and-fast rule for how much higher – this will vary by insurer.Just one thing to note - be sure to fill out the application accurately.If your insurer comes to believe that you left out or misrepresented information that is important, your insurance can be cancelled.Once you are assigned to an insurer, the company must cover you for three years (unless you violate the terms of coverage).It’s a good time to improve your driving record, so that you may become eligible for the cheaper Connecticut auto insurance rates that are available in the voluntary market.In order to qualify for coverage through the Plan, you have to say on your application that you tried but failed to obtain auto insurance in the “voluntary” market in the last 60 days.If that is the case, then all you need is a valid driver’s license and a car registered in the state of Connecticut.If you wish to buy phsyical damage car insurance for your car, through the CT ARP, you can either buy both Comprehensive and Collision coverage as one, with associated deductibles ranging from to ,000 per accident, or you can buy just Comprehensive coverage alone, with the same deductibles as mentioned.Connecticut also offers Basic Reparations Benefits coverage, which covers medical expenses and lost wages in case of an auto accident.This coverage may duplicate insurance you already have (like health! Here is a table of the types of optional coverage available to you through the CT ARP: Connecticut ARP does cover antique vehicles – those older than 25 years.As long as you and your insurer can agree on the actual cash value – how much you’d get if you sold it in the open market – then you can obtain coverage for that amount.


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