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High risk drivers are apportioned to auto insurance companies based on market share.So for example, if GEICO has 15% of the total auto insurance market in Connecticut, then it must accept up to 15% of the high risk drivers in the state.The table below shows the mandatory minimum coverages in Connecticut.
That way, the losses that generally occur with high risk drivers are spread across all companies.
Connecticut has relatively few drivers in the Plan currently.
If you have trouble getting auto insurance due to a less-than-perfect driving record, you can turn to the Connecticut Automobile Insurance Assigned Risk Plan (CT ARP).
This Plan will ensure that you receive coverage, as long as you meet the eligibility criteria described below.
But you should understand what factors most auto insurers consider when evaluating you and developing your premium.
You may pay your insurance premium to your assigned insurer in one of two ways.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.*The Connecticut Assigned Risk Plan allows you to buy higher coverage limits for your UM/UIMBI, up to twice as much as your Bodily Injury coverage limits of the same policy.Your assigned insurer will offer you a couple of optional coverages, as shown in the table below, but this is at their discretion.If you remain in the high risk category after three years, you can apply again through the Plan.You may wind up with a different insurer, as assignments are made based on market share, not your individual preference.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.However, if it is determined that you have applied in bad faith, you can be barred from applying for 12 months.Connecticut’s Plan makes sure pretty much the same types of auto insurance coverage are available as in the voluntary market – they just may cost you more.