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New York State Assigned Risk Auto Insurance Explained

Last Updated on September 23, 2020

If you have multiple accidents or traffic violations on your driving record, auto insurance companies may classify you as a high-risk driver. High-risk drivers typically find it very difficult to get insurance. Many companies will not provide insurance to high-risk drivers at all, and the ones that do often charge extremely high rates or don’t provide enough coverage for the policy to be worthwhile.

To combat this, New York State created the New York Automobile Insurance Plan , which is often referred to as assigned risk insurance. This insurance plan matches high-risk drivers with insurance companies to get coverage. While rates for the NYAIP are still higher than average car insurance rates, they provide important insurance coverage for those who may not otherwise have been able to get it. Here’s everything you need to know about New York state’s assigned risk program for drivers.

What Is Assigned Risk Auto Insurance and Why Is It Necessary?

New York isn’t the only state that offers assigned risk auto insurance. Many other states throughout the country offer this type of insurance policy to ensure that every driver can get at least the minimum insurance coverage required by law. New York is a no-fault state, which means that your insurance company is required to cover medical payments and other costs that may result from an accident, regardless of who is found at fault. It’s extremely important for every driver to have the personal injury protection coverage that is required by New York state law, as well as liability insurance, which pays for property damage if you are found at fault in an accident.

In New York, all insurance providers are required to participate in the assigned risk auto insurance program. High-risk drivers are put into a pool and are assigned to car insurance companies based on their market share. For example, if an insurer currently offers 20 percent of the car insurance companies in New York, they would be assigned 20 percent of the drivers in the assigned risk pool.

Who Qualifies for Assigned Risk Auto Insurance?

To qualify for assigned risk car insurance, you’ll need to be able to prove that you cannot get car insurance on your own. In New York, you’ll to specifically prove that you cannot find car insurance in the market (usually by proving that at least three insurers have turned you down). You can also get assigned risk car insurance by proving that you haven’t been able to get a policy for less than what the New York Automobile Insurance Plan offers over the last 60 days.

The easiest way to apply for assigned risk auto insurance is to work with a licensed insurance agent, who will be able to handle the application process for you. Make sure to save any emails or paper documents that prove that you’ve been turned down for insurance, as this will make it much easier to qualify for assigned risk insurance. If you can’t find an insurance agent to work with, you can apply directly through the NYAIP website or over the phone.

Once you’ve been assigned an insurer, they are required to cover you for three years. If you are unable to find coverage on your own at the end of this three year period, you can reapply for assigned risk coverage, at which point you will be assigned a new policy. If you can find your own insurance policy for a better rate at any point during the three year period, you can cancel your assigned risk coverage with no penalty. If you keep a good driving record and make your payments on time through that three year period, your assigned risk insurer may also offer to continue providing you coverage at their normal rates.

How Much Coverage Will I Get With New York’s Assigned Risk Insurance?

New York’s assigned risk insurance program will provide you with the minimum insurance required by law. They also will give you the option to purchase additional coverage if you want it. Drivers in New York much have at least $10,000 of property damage coverage , as well as personal injury protection, bodily liability , and death coverage of $25,000/$50,000 for one person and $50,000/$100,000 for two people. New Yorkers are also required to carry the same amount of uninsured motorist coverage .

Through the NYAIP, you’ll get the minimum required amount of insurance, but you’ll also have the option to purchase additional bodily injury and property liability coverage. You’ll be able to purchase up to $100,000 in property damage coverage and $250,000/$500,000 in bodily injury. Even though it isn’t required by state law, you’ll also be able to purchase collision and comprehensive insurance . Collision insurance pays for your damages if you are involved in any kind of collision, including one car collisions. Comprehensive insurance pays for other damages, including vandalism, weather damage, and more.

How Much Does It Cost to Get Assigned Risk Insurance?

Assigned risk insurance is much more expensive than the average policy you’d find on the market. However, for high-risk drivers, it may be the only option. Currently, the average cost of car insurance in New York is $1582 per year, but assigned risk car insurance policies can cost well over $2,000. However, the NYAIP does offer payment plans, so you do not have to pay the entire premium at once.

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I have not had a car registered in my name for 10 yrs. Prior to that I had an excellent driving record. Am I considered an assigned risk

i have been cancelled by my insurance company for late payments. i also have a restriction against my license due to civil litigations pending. i cannot get the auto coverage i need to operate a vehicle in nys. what can i do? Am i entitled to assigned risk with these issues.

I cannot get insurance because i am a high risk driver in new york, can i get insurance, do i qualify

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What Is the New York Automobile Insurance Plan?

Last Updated on December 26, 2022

The New York Automobile Insurance Plan is an auto insurance program for high-risk drivers .

The program is run by the state of New York and an organization called AIPSO. You sign up for the program, and the program assigns a car insurance company to your case.

High-risk drivers pay higher rates with the New York Automobile Insurance Plan. However, for some high-risk drivers, it’s the only way to legally drive. If other insurance companies have turned you down, for example, then you might turn to the New York Automobile Insurance Plan for assistance.

What is the New York Automobile Insurance Plan? How does the NYAIP work? Keep reading to discover everything you need to know about the New York Automobile Insurance Plan.

About the New York Automobile Insurance Plan

new york automobile insurance plan

The New York Automobile Insurance Plan (NYAIP) is an assigned risk car insurance program run by the state of New York.

When you enroll in the NYAIP, you get placed in a residual pool. Every car insurance company in New York must take a certain number of drivers from this pool (based on their size and a quota system). These car insurance companies must provide coverage to drivers in this pool. The car insurance company cannot turn you down – even if you’re a high-risk driver.

Each insurance company must take a certain number of drivers from the pool based on their market share. Because State Farm insures around 15% of all drivers in New York, for example, State Farm must take approximately 15% of the New York Automobile Insurance Plan’s residual pool. GEICO , Progressive , and other major insurance companies also take a significant share of drivers.

Advantages of the New York Automobile Insurance Plan

The New York Automobile Insurance Plan is designed for high-risk drivers who cannot obtain car insurance from the ordinary market.

If car insurance companies have rejected your insurance policy application , for example, or if you’ve been turned down by several insurers, then you can sign up for the New York Automobile Insurance Plan to continue driving legally.

Some of the advantages of the New York Automobile Insurance Plan include:

  • High-risk drivers can obtain car insurance to continue driving legally
  • The insurance company cannot reject your application
  • Insures more than 90,000 high-risk drivers across New York every year

New York Automobile Insurance Plan Coverage Options

The New York Automobile Insurance Plan provides drivers with the minimum required car insurance in the state of New York.

However, drivers can also buy higher coverage limits. Insurers participating in the NYAIP must offer the option of purchasing higher amounts of coverage.

The state of New York requires the following minimum car insurance coverages under the New York Financial Responsibility law:

  • $25,000 of bodily injury liability coverage and $50,000 of death coverage per person involved in an accident
  • $50,000 of bodily injury liability coverage and $100,000 of death coverage for two or more people involved in an accident
  • $10,000 of property damage liability coverage

Drivers have the option of purchasing a plan with 250/500/100 coverage, or $250,000 of bodily injury liability per person, $500,000 of bodily injury liability coverage per accident, and $100,000 in property damage liability coverage.

Drivers also have the option to purchase uninsured motorist coverage and basic personal injury protection (PIP) , also known as no-fault insurance . Basic PIP covers $50,000 per accident, and insurers allow you to increase this coverage to $100,000.

Drivers under the NYAIP can also buy optional basic economic loss (OBEL) coverage of $25,000. It’s optional coverage for lost salary and other expenses not covered by car insurance.

How Much Does the New York Automobile Insurance Plan Cost?

The average driver under the New York Automobile Insurance Plan will pay around $2,454 per year.

In comparison, the average driver in New York pays around $2,204 per year for full coverage car insurance.

When signing up for the NYAIP, you can expect to pay double the car insurance premiums (or higher) compared to ordinary low-risk drivers in the state.

However, the cost of NYAIP car insurance varies based on several factors . Like voluntary car insurance, NYAIP car insurance varies in price based on:

  • Age and gender
  • The ZIP code where you park your car at night
  • Your driving history
  • Your make and model of vehicle
  • The amount of coverage you’re buying

Based on all of these factors, you could pay anywhere from $1,500 to $5,000 per year through the NYAIP. Most drivers, however, pay between $1,900 and $2,800 per year when buying car insurance through the New York Automobile Insurance Plan.

NYAIP Payment Plans

Most insurers in New York offer two payment options to drivers under the NYAIP, including a six payment plan or a two payment plan.

Six Payment Plan: Under this plan, you pay 25% on the effective date of your policy, then 15% every month thereafter. If your NYAIP car insurance costs $1,500 per 6 month period, for example, then you pay $375 today, then $225 per month thereafter.

Two Payment Plan: Under this plan, you pay 25% on the effective date of your policy, then 75% one month later. If your NYAIP car insurance policy costs $1,500 for six months, for example, then you pay $375 today, then $1,125 next month.

Who Is Eligible for the NYAIP?

The New York Automobile Insurance Plan is not available to everyone. You must prove that you could not obtain car insurance through the ordinary market.

If you have requested a quote from multiple insurers and been rejected, for example, then you may be eligible for the NYAIP.

Typically, drivers who buy car insurance through the NYAIP have a history of multiple traffic infractions, several at-fault accidents, or multiple serious claims. Insurers consider these drivers riskier to insure than the average driver, so they charge higher rates.

To qualify for the NYAIP, you must meet the following requirements:

  • You have been unable to find a car insurance policy with rates cheaper than the NYAIP within the last 60 days
  • You have tried and failed to find car insurance through the voluntary market in New York

After signing up for the New York Automobile Insurance Plan, an insurer will be assigned to you. This insurer must offer you car insurance for a minimum of 3 years. After 3 years, you might choose to leave the NYAIP because you found cheaper rates in the voluntary market. If you have still not found cheaper rates in the voluntary market, however, then you can re-enter the NYAIP residual pool. The NYAIP will assign another insurer to you. In some cases, drivers continue to buy car insurance through their assigned insurer via the voluntary market.

How to Save Money on the New York Automobile Insurance Program

With the voluntary car insurance market, you can shop around to save money on car insurance . With the New York Automobile Insurance Program, you cannot shop around for lower rates; however, you can still save money through certain strategies, including:

Check the Voluntary Market: Compare NYAIP quotes with the voluntary market. Even if you’re eligible for the NYAIP, you may find cheaper rates in the voluntary market – especially if you are a medium-risk driver (or if your high-risk incidents occurred several years ago).

Reduce Coverage: You can drop coverage to save money with NYAIP insurance. You must buy a certain minimum amount of car insurance. Some drivers carry more than this amount, however, while other drivers carry less. If you want to save money on car insurance, consider dropping coverage.

Wait: If you don’t need to drive immediately, then consider waiting. The longer you wait, the further in the past your at-fault incidents will be. You might be able to get voluntary car insurance if you wait 6 to 12 months, for example. Or, your NYAIP prices may drop in the future.

As a high-risk driver, you’ll always pay more for car insurance in New York. Although you can save money by qualifying for the NYAIP, NYAIP car insurance will never be “cheap” compared to discount car insurance rates in the voluntary market.

How to Buy NYAIP Car Insurance

The New York Automobile Insurance Plan is managed by AIPSO, a management organization and service provider. The company has managed certain insurance and driving organizations across the country since 1973.

You can buy NYAIP car insurance through the official AIPSO website. Or, you can call the organization to connect with an agent:

Online: https://www.aipso.com/Plan-Sites/New-York

Phone: (212) 943-5100

An agent will verify your claim. Then, you will be assigned to a residual risk pool. Every licensed car insurance company in New York must accept a certain number of drivers from this pool based on their market share. The largest car insurance companies in New York include GEICO (which also operates as Berkshire Hathaway Inc.), Allstate , State Farm, Progressive, Liberty Mutual , Travelers , USAA , NYCM Insurance , National General Holdings Corp , Nationwide , MetLife , and The Hartford . There’s a good chance you will be assigned to one of these insurers when you buy car insurance through the New York Automobile Insurance Plan.

Final Word on the NYAIP

The New York Automobile Insurance Plan is an assigned risk pool to help high-risk drivers obtain car insurance at a reasonable price.

If you were unable to find car insurance through the voluntary market, or if car insurance companies are charging higher prices than the NYAIP, then you should qualify for the NYAIP.

Contact an NYAIP agent today to obtain cheap high-risk car insurance in New York Through the New York Automobile Insurance Plan.

James Shaffer

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General Information

What is the new york state assigned risk program.

A Rochester driver arrested for DWI or driving under the influence of drugs faces many consequences aside from a possible court conviction.

There are many financial repercussions to a conviction for drinking and driving on top of any fine that may be imposed by the court.

One of the most expensive of these financial repercussions is an increase in auto insurance premiums following a conviction.

Many insurance companies, once they become aware of a drinking and driving conviction, will not renew the defendant’s policy at the end of the policy period.

When this happens, the driver will be forced into the New York State Assigned Risk Program (the “risk pool”).

New York State requires that all automobile insurance companies that provide policies in this state provide coverage for a certain number of people who are considered to be a risk by the insurer based on their driving record.

New York State sets the premium rate for these drivers and regulates the coverage that must be provided.

A driver forced into the risk pool because his or her coverage was not renewed does not get to choose an insurance company.

Instead, the insurer who will be required to provide coverage will be assigned by the state.

Insurance premiums in the risk pool are much higher than for drivers with clean driving records.

Even in cases where an insurance company chooses not to end coverage and the driver is not forced into the risk pool, the driver’s insurance premiums are almost guaranteed to dramatically increase once the insurance company becomes aware of the conviction.

It is not unusual for someone convicted of DWI to see their insurance premiums double or even triple for several years following a conviction.

A conviction for DWI results in expenses that will continue for years following the arrest.

If you need an experienced DWI lawyer to help with your case, call us at 716- 542-5444.

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2022 New York Laws ISC - Insurance Article 53 - Motor Vehicle Insurance Assigned Risk Plans 5301 - Participation in Assigned Risk Plans.

(b) Amendments to the plan may be made by the committee designated to administer the plan, subject to the approval of the superintendent, or shall be made at the direction of the superintendent.

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Denied Car Insurance? Hope Floats in the Assigned-Risk Pool

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If your driving history is full of transgressions, finding a company that'll sell you a car insurance policy can be difficult.

A couple infractions could cause higher rates, but rack up too many serious convictions or tickets and insurers may prefer not to get involved with you at all. This creates big problems if you own a car and lack the insurance required in your state.

If your application for auto insurance is denied, entering the state assigned-risk pool may be the only way to get the coverage you need to drive legally.

Here’s a look at what car insurance assigned-risk pools are and how to know when it’s time to jump in.

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What is an assigned-risk car insurance pool?

Drivers who are deemed too risky may be unable to buy car insurance on the private market. But they still need coverage by law if they own vehicles, so states assign them to insurance companies that operate in the state. This grouping is known as the “assigned-risk pool,” “residual market” or “shared market.” Sometimes it’s called the joint underwriting association.

What problems put drivers in the assigned-risk pool?

Each state has its own eligibility rules for the assigned-risk pool.

Typically, if you've tried to buy auto insurance in the past 60 days and were turned down, you can apply to your state’s assigned-risk pool. Some states may require that you be turned down more than once.

Reasons you may be denied car insurance include:

Major driving convictions (DUI or DWI, hit-and-run)

Multiple accidents, tickets or claims on your driving record

Having little or no driving experience

Insurance prices and coverage options for assigned-risk drivers

Expect your auto insurance premiums to be substantially higher in the assigned-risk pool. Your policy options also may be limited to the state minimum liability requirements. Some states may allow you to earn a discount on your assigned-risk pool insurance plan after a certain amount of time with no accidents or driving convictions.

How to find your state’s assigned-risk pool

Generally, any car insurance agent in your state can help you with an assigned-risk policy. You may be asked to prove, declare or certify that you have no other options for buying insurance, depending on the state.

» MORE: What does car insurance cover?

How to get out of the assigned-risk pool

States require insurers to renew assigned-risk pool policies for a set amount of time, generally three years. Assuming you pay your premiums and your driving record stays clean during your pool time, you'll likely qualify for a regular policy by then. If you don't, you can reapply to the assigned-risk pool.

You may be able to climb out of the pool faster if:

You find an insurance company that is willing to sell you a standard policy

Your assigned-risk pool insurer offers you a traditional policy

» MORE: Best car insurance companies for high-risk drivers

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assigned risk insurance new york

What’s Assigned Risk Auto Insurance?

Assigned risk auto insurance is state-sponsored coverage for high-risk drivers who can’t secure insurance coverage elsewhere. it usually comes with more expensive premiums..

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assigned risk insurance new york

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Table of contents

  • What is assigned risk?
  • How it works
  • Who qualifies?
  • Standard insurance
  • Leaving assigned risk

Table of contents Compare quotes

Assigned risk auto insurance is an option for drivers who have trouble securing a standard car insurance policy, often due to a poor driving record, a low credit score, or because they live in an area at high risk of theft or vandalism. [1]

States establish assigned risk auto insurance programs and require private insurers to participate. Drivers get coverage by applying to their state’s risk pool, and the state assigns them an insurer. While insurers can’t deny eligible drivers coverage through this program, assigned risk car insurance policies aren’t cheap . [2]

Here’s what you need to know about assigned risk insurance, and why it’s important to compare rates from multiple companies before applying for assigned risk coverage.

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State-minimum policies start at $22 per month

What is an assigned risk auto insurance pool?

An assigned risk auto insurance pool is a state-supervised insurance market for high-risk drivers who can’t secure private-market car insurance. These are also called shared insurance markets, as they spread the risk of these higher-risk drivers among various insurance companies in the state.

Drivers can apply for their state’s assigned risk pool, and the state will assign them to an insurance company that must provide them coverage.

Pros and cons of assigned risk car insurance

Guaranteed coverage: Assigned risk insurance guarantees all drivers can get state-minimum coverage — regardless of their driving record, credit score, driving history, or other factors.

Helps drivers comply with law: Most state laws require car insurance, and drivers who don’t have coverage can face fines or criminal charges.

Provides legal protection: Beyond ensuring drivers comply with the law, liability coverage also helps protect you if another driver sues you for damages or injuries.

More expensive rates: Because assigned risk insurance is for higher-risk drivers, premiums are more expensive on these policies than on traditional car insurance. [1]

No choice in insurer: The state assigns drivers participating insurers within the pool, so drivers can’t comparison shop for insurance .

Limited coverage: Assigned risk pools typically only offer the minimum coverage the state requires. Drivers may not have access to additional coverages for more protection.

How assigned risk car insurance works

To get assigned risk car insurance, find your state’s assigned risk insurance pool. For example, in Ohio, it’s the Ohio Automobile Insurance Plan (OAIP). High-risk drivers in New York can use the New York Automobile Insurance Plan (NYAIP) for coverage.

You’ll then apply for your state’s pool using an official application. You can often do this online or by contacting a certified insurance broker or agent within your state.

Once the state approves you for the assigned risk pool, it’ll match you with an insurance company. The insurer assesses your driving record, credit score, location, vehicle, and other factors to determine your policy’s rate. Your coverage amounts and any driving convictions will affect your costs. For example, Texas assigned risk plans require a 60% additional charge if you have a driving under the influence (DUI) conviction. [3]

Who qualifies for assigned risk auto insurance?

Assigned risk car insurance eligibility requirements vary by state. In some states, you may need to certify that you’ve applied for and been denied private market car insurance in a certain period. In others, you just may need to be a resident of the state, have your car registered there, and hold a valid state driver’s license.

You also must be up to date on your recent car insurance premiums. For example, in North Dakota, you’re ineligible if you have any late premiums in the past year.

How to Get Car Insurance With a Suspended License

How to Get Car Insurance With a Suspended License

Factors that make a driver “high risk”.

Assigned risk insurance is for high-risk drivers, though this doesn’t mean only drivers with incidents on their driving records. Insurance companies may deny you traditional coverage for many reasons, including: [1]

Having no or a bad driving record: Inexperienced drivers, particularly teenagers , may find it difficult to get traditional car insurance coverage, as they’re at a higher risk of potential accidents. Plus, having speeding tickets , at-fault accidents, moving violations, DUI convictions, and more on your record can make you a high-risk driver for insurers.

Lapses in coverage and payment: If you’ve regularly let your insurance coverage lapse or forgotten to pay your premiums, this also makes you a higher risk to insure.

Bad credit scores: Depending on your state, insurance companies may be able to use your credit score to indicate your risk as a policyholder. Insurance companies believe drivers with poor credit are more likely to file a claim. [4]

Living in a risky location: Some areas have higher chances of theft, vandalism, or accidents. If you live in a high-risk area, you may have trouble securing traditional coverage.

Driving a unique or special car: Driving a custom, high-performance, unique, or classic vehicle could put you at higher risk for theft — and make you a higher risk for insurers.

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Assigned risk vs. standard auto insurance.

While assigned risk insurance plans ensure drivers can secure the minimum required coverage for their state, they’re not the same as standard car insurance policies. Here’s how these policies differ.

How to leave the assigned risk pool

Leaving the high-risk pool depends on why you’re a high-risk driver in the first place. If you have a traffic violation or accident on your record , you may need to wait until the incident falls off your record to qualify for a traditional car insurance policy.

You can work on leaving the assigned risk pool by:

Cleaning up your driving record: In some states, you can take defensive driving courses to dismiss violations or citations. This could help you more easily secure insurance coverage.

Improving your credit score: A better credit score may make it easier to get coverage, too. Paying your bills and debts on time, disputing errors on your credit report, and reducing your debts can help boost your score.

Driving a safer car: If you’re buying a car, consider one with high safety ratings, low theft rates, and anti-theft features. The less likely you are to file a claim, the lower your risk to insurers.

You can also simply wait it out. As you establish a record of driving safely and pay your insurance premiums on time, you become a lower risk to insurers. Some state plans require insurers to provide coverage for an extended period while you work to improve your insurance and driving records. In New York, insurers must cover you for at least three years before they can choose not to renew your policy.

Car Insurance for High-Risk Drivers in New York (2024)

Car Insurance for High-Risk Drivers in New York (2024)

Assigned risk auto insurance faqs.

Assigned risk auto insurance can be confusing, but it’s necessary for high-risk drivers who can’t buy coverage elsewhere. If you need more information regarding assigned risk insurance, see the answers to frequently asked questions below.

What is an assigned risk car insurance plan?

An assigned risk car insurance plan is a state-supervised insurance plan. Statewide insurers must participate in the plan and provide coverage to any eligible driver the state assigns to them. These plans typically come with much higher rates than traditional car insurance policies

What does “high risk” mean in auto insurance?

“High risk” means a driver is more likely to file a claim. High-risk drivers are usually drivers with poor driving records, low credit scores, little driving experience, or a history of not paying previous car insurance premiums.

Who writes assigned risk car insurance policies?

Private insurance companies write assigned risk car insurance policies. The state requires companies to participate in the assigned risk market and assigns these insurers to eligible drivers.

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Aly J. Yale

Aly J. Yale is a freelance writer and reporter covering real estate, mortgages, and personal finance. Her work has been published in Forbes, Business Insider, Money, CBS News, US News & World Report, and The Miami Herald. She has a bachelor’s degree in radio-TV-film and news-editorial journalism from the Bob Schieffer College of Communication at TCU and is a member of the National Association of Real Estate Editors.

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Latest articles.

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High Risk Auto Insurance Assigned Risk Coverage

For DUI's, Cancels, Multiple Accidents & Non Renewals

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New York Assigned Risk Auto Insurance

Get help with finding new york assigned risk auto insurance coverage by using the easy help request form below or calling (657) 217-8484..

We have licensed professional experts in New York Assigned Risk Auto Insurance matters (657) 217-8484.

New York Personal Auto Guide

Request free help locating New York Assigned Risk Auto Insurance coverage from our New York state licensed insurance companies.

New York car insurance quotes for drivers with a few points or accidents.

This means, in order to operate a vehicle on New York roads you must carry: •$25,000 for property damage for a single accident •$50,000 for bodily injury and $50,000 for death for a person involved in an accident •$10,000 for bodily injury and $100,000 for death for two or more people in an accident http://www.dfs.ny.gov/consumer/faqs/faqs_auto.htm

Purchasing car insurance in New York is simple if you have no violations, DUI’s or accidents. Once you are classified as a high risk driver you need to find licensed professional that provide drivers the choice of insurance companies serving their area. The average yearly cost for a preferred or normal driver to obtain New York automobile insurance is $1,001. If you have tickets, a DUI or several accidents and are considered high risk in the last 5 years it will cost you more.

Consumers can also save money by informing the insurer or agent/broker of any new conditions that may affect the nature of the insurance exposure, such as when a young driver in your family leaves home, or if a young driver goes to college more than 100 miles away and does not take the car. Most importantly, maintaining a good driving record will save you more by allowing you to qualify for the best rate.

Get fast help and rate quotes and find a policy that you could buy today and be legal for less (657) 217-8484.

In the state of New York, auto insurance is required by state law. All New York motorists must carry minimum auto liability insurance in the amount of 25/50/10. Locate NY Auto Insurance Help.

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Assigned Risk: What It Is, How It Works

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia.

assigned risk insurance new york

What Is Assigned Risk?

Assigned risk is when an insurance company is required, by state insurance law, to provide coverage for risk that may not find coverage in the general insurance marketplace. In order to compensate insurers for the potential losses associated with such mandated coverage, insurers will often pool funds and share the assigned risk.

Common examples include mandating that all drivers obtain car insurance or requiring businesses to purchase workers' compensation insurance.

Key Takeaways

  • Assigned risk is when the law mandates that an insurance company offer certain coverages.
  • In such cases, regulators will require insurance companies to pool together and accept the assigned risk, even if the insurers individually don’t want to provide a commercial policy.
  • Assigned risk allows the state to protect drivers who are able to purchase commercial policies and who may be involved in an accident with a risky driver.

Understanding Assigned Risk

In most cases, insurance companies choose who they underwrite insurance policies for, and this choice to insure is based on the risk profile of the individual or business applying for coverage. These considerations include the likelihood that a claim that results in a loss for the insurance company. The insurer will thus price the cost of the policy it underwrites according to the potential severity of any losses. If a potential insured is deemed too risky, the insurer may not underwrite a new policy.

State insurance regulators recognize that insurers only want to underwrite policies that will be profitable, but also recognize that it is in the interest of the government that coverage is extended to groups that need protection but may not be able to obtain it in the general insurance market. To do this the regulator will require insurance companies that provide a particular line of insurance, such as workers’ compensation or automotive insurance, to participate in a state-sponsored plan that provides coverage.

Example: Motorist Coverage

For example, drivers are required to carry insurance with them in order to legally operate an automobile. This insurance is designed to cover claims made against the driver. In most cases, the driver’s record is in good shape, and insurers are likely to provide coverage.

Some drivers, however, have poor driving records and may not be able to obtain coverage because they present too much of a risk . Insurance regulators will require insurance companies to pool together and accept the assigned risk, even if the insurers don’t want to provide a commercial policy . This allows the state to protect drivers who are able to purchase commercial policies and who may be involved in an accident with a risky driver.

"In some cases, you can apply to an automobile insurance plan or assigned risk plan by directly contacting your state's Department of Insurance," according to the website DMV.org, a private, non-governmental website:

Some states require that you apply to several car insurance companies before you apply for the state's car insurance plan. If each provider has denied you car insurance coverage, you'll be accepted into the plan. Typically, your signature on the application is enough to acknowledge that you have fulfilled this requirement.

assigned risk insurance new york

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Car insurance for high-risk drivers in New York

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If you live in the state of New York and have a history of traffic violations or accidents, you may be considered a high-risk driver. Bankrate defines a high-risk driver as someone with at least one speeding ticket conviction, at-fault accident or DUI conviction on their motor vehicle record. Drivers with poor driving records are more likely to file claims. To compensate for the added risk, insurers tend to charge these drivers higher car insurance premiums. In addition to other factors, the type of incident and severity will determine how much your car insurance premium increases. Bankrate can help high-risk drivers in New York understand how their driving history impacts auto insurance quotes, using premium data from Quadrant Information Services.

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Rates increased up to 12% this year.

Costs will continue to rise through 2022. Shop for a better rate before you renew your current policy.

Rates for high-risk car insurance in New York

Each insurance provider uses its own underwriting formula to calculate a driver’s risk. The rates you pay for high-risk car insurance in New York will vary by each insurance company, as well as the type of violation(s) associated with your driving record and the frequency or severity of those violations. For instance, most companies would not consider a speeding ticket as serious of a violation as a DUI conviction, so rate increases for a speeding ticket may be marginal in comparison. However, if you already have one speeding ticket and receive another, your rates could increase to a greater degree than for someone with a single DUI conviction or at-fault accident.

Rates after a speeding ticket

Rates typically increase after a speeding ticket conviction . Additionally, you will likely have to pay a fine or your license may be revoked, especially if you receive subsequent convictions in an 18-month period. How fast you were driving over the speed limit and having multiple speeding ticket convictions can also cause steeper insurance premium increases. However, if your speeding ticket is dismissed, your rate should stay the same.

The table below shows examples of increases from three insurance companies, with Progressive showing the smallest increase of just 1 percent on average and Travelers showing the greatest increase of 8 percent on average.

New York average annual full coverage premium

Notice how the increase is not standardized across insurance agencies. If you are unhappy with your rates following a speeding ticket, shopping around may help you discover if lower rates are available from another insurer.

Rates after an at-fault accident

There are several types of car accidents that can happen. You may be involved in a simple fender bender with no resulting injuries or significant damages, or an accident that results in multiple damaged vehicles and severe medical injuries. In any case, being found at-fault for a collision can have a substantial impact on your rates.

The rates in the table below indicate potential increases to insurance rates for a New Yorker with an at-fault collision on their motor vehicle record, with Progressive showing the smallest average increase at 2 percent and Travelers showing the largest average increase at 8 percent. Your rate could also be affected if you are convicted of a moving violation as part of the at-fault accident.

Teens who are found at-fault for a collision may see an even greater increase in premiums, as they are already viewed as riskier to insurers due to lack of driving experience.

Rates after a DUI

Drivers with a DUI on their record may not qualify for standard coverage in all cases. It is not uncommon for New York drivers convicted of a DUI to be required to submit an SR-22 to the DMV. SR-22s are not a special type of insurance, as is commonly misunderstood. Instead, they are simply proof to the state that you have New York’s legally required minimum coverage. In New York, a DUI conviction is not only a moving violation, it is also considered a criminal offense, which can cause your license to be suspended. If a minor under 16 was present in your vehicle when you were pulled over, you could be charged with a felony — even if it is your first DUI. You may not be able to renew or keep your car insurance if convicted of a DUI in New York.

The table below shows that Progressive charges the smallest average increase after a DUI in New York, at 3 percent on average, while Geico has the highest average increase at 127 percent.

These amounts are just representative of the varied amounts a driver may pay with a single DUI conviction. Exact rates will be greatly affected by the severity of the driver’s DUI conviction and whether or not any other violations are present on their driving record.

Bankrate’s take: Keep in mind that not all carriers will write you a car insurance policy if you have a DUI conviction; in some cases, even those included in our average rate studies for that driver profile. The best way to determine if you can get a policy from an insurer after a DUI (and what rate you'll actually pay) is to contact the insurance company for a quote.

Rate for teen drivers

As mentioned, teens are considered high-risk drivers because they have less experience on the road and a higher accident frequency .

Although the New York DMV has not released any new data since 2014, it offers some statistical information about teen drivers. In 2014, teen drivers accounted for about 8 percent of all car accidents in the state, and about 7 percent of all driving fatalities. Risk of filing a claim means that teen drivers (or their parents who hold the policy) will pay some of the highest high-risk driving rates.

Among quoted annual premiums from three large insurers, Geico has the smallest average increase for a 16-year-old teen driver insured on their parents’ policy in New York at 61 percent. Progressive shows the largest average increase at 113 percent.

Average annual full coverage premiums for policyholders:

*Rate reflects the total average annual premium for a 16-year-old driver added to a married parent’s policy

The table above illustrates the total premium associated with a 16-year-old added to a parent’s policy, without any additional infractions or incidents on the teen’s record. While rate shopping, you may save by looking for an insurance company that offers multiple discounts for teen drivers , such as good student, student away at school and defensive driving discounts.

Who is a high-risk driver?

A high-risk driver is someone who, according to an insurance company, is more likely to file a claim in the future. Characteristics and past incidents that may contribute to the cost of your high-risk auto insurance in New York include:

  • Speeding ticket convictions
  • At-fault accidents
  • Living in area with a high rate of theft and vandalism
  • Being a teen driver
  • Low credit score
  • DUI conviction
  • Lapses in coverage

For rate comparison purposes, Bankrate defines high-risk drivers as those with one at-fault accident, speeding ticket conviction, DUI conviction or lapse of coverage on their driving record.

How to lower your rate if you are a high-risk driver

High-risk car insurance in NY certainly costs more, but that doesn’t mean there aren’t any strategies that can help lower your premium. If you are considered a high-risk driver, it could be worth taking time to assess your current coverage options, search for discounts or take a defensive driving course. It also helps to:

  • Shop around: Each car insurance company has its own underwriting method. Because of this, you will likely get different quotes from each company. Comparing multiple quotes can help you identify the company that offers you the best price.
  • Drive an older car: Your vehicle’s make and model can influence your insurance. New cars typically cost more to replace, which means they can also cost more to insure. For high-risk drivers in New York who need to save, opting for an older vehicle may help you save on rates (especially if it comes with safety features that qualify you for additional discounts ).
  • Increase your credit score: In New York, car insurance companies may use credit scores when determining the level of risk a driver represents, with low insurance-based credit ratings resulting in higher rates. Improving your credit score may decrease your premium when your policy is up for renewal.
  • Raise your insurance deductible: For most drivers, a higher deductible results in a lower insurance rate. However, you’ll want to be cautious if you elect this option. Raising your deductible means that you will assume more financial responsibility in the event of a claim, and it’s important that your deductible is something you can afford to pay out at a moment’s notice.

The most effective way to get or keep lower car insurance rates is to drive safely. Discounts tied to safe driving habits may help you lower rates considerably, depending on the insurer, and using telematics or driving-based apps can also encourage you to drive more cautiously for the additional savings potential.

Frequently asked questions

Which car insurance company is the best for new york drivers.

The best car insurance company in New York will vary for every driver. That’s because each driver will have different needs and wants from their car insurance policy. However, by comparing the best car insurance companies in New York , you may be better prepared to determine which company offers the best rates, types of coverage, has the top customer satisfaction rankings or financial strength ratings to find an option that works best for your needs.

High-risk insurance in NY could be more challenging to find, depending on which moving violation landed you in the high-risk category. Drivers with a DUI conviction, for example, may be more limited in their options overall, and may want to seek out an insurer that will file an SR-22 on their behalf. Or, drivers with a speeding ticket might want to request a quote from Progressive or Geico, as these two insurers tend to offer New York drivers with a speeding ticket more favorable rates on average.

What is the average cost of car insurance?

What is the new minimum insurance law in new york.

In August 2023, a new New York law went into effect that requires all insurers to include spousal liability coverage in all car insurance policies — regardless of the policyholder’s marital status. This coverage adds bodily injury liability if your spouse causes an accident and you are injured as a result of their negligence.

Previously, this was a coverage that New York drivers could opt-into. However, with the new law, spousal liability coverage will automatically be added to your policy unless you opt-out in writing . Insurers are required to provide notice of the change to policyholders and may raise premiums as a result. If you do not need this coverage, you may want to contact your insurance company.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes.

High-risk drivers

Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket conviction and single DUI conviction.

Age: Rates were calculated by evaluating ages ranging from 18-60 years old. Rates for 16- and 17-year old drivers were calculated based on married male and female drivers insured together with a 16- or 17-year-old driver added to their policy. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

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IMAGES

  1. New York State Assigned Risk Auto Insurance Explained

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  2. Co Op Insurance Number: Assigned Risk Insurance Ny

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COMMENTS

  1. Trouble Getting Coverage

    However, if you cannot find an auto insurance company that will sell you an auto policy with the required coverages you need or want, the New York Automobile Insurance Plan (NYAIP), commonly known as the Auto Plan or Assigned Risk Plan, is a special insurance facility established under New York State law to assure that coverages are provided.

  2. New York State Assigned Risk Auto Insurance Explained

    To combat this, New York State created the New York Automobile Insurance Plan, which is often referred to as assigned risk insurance. This insurance plan matches high-risk drivers with insurance companies to get coverage.

  3. AIPSO > Plan Sites > New York

    Go to "For Registered Users" column on the left, and select "Assignment Confirmation" Select "New York" from the Automobile Insurance Plan drop down menu Producer Application Submission System (PASS) PASS is an internet-based program that enables certified producers to electronically effect coverage and submit applications to the Plan.

  4. What Is Assigned Risk Pool For Auto Insurance?

    In New York's assigned risk plan you're limited to $250,000 in liability coverage for bodily injury to one person in a car accident and you can add collision and comprehensive coverage. But...

  5. Producer Application Submission System (PASS)

    22 Cortlandt Street, Suite 2101, New York, NY, 10007-3151 212-943-5100 NYAIP Producer Application Submission System (PASS)

  6. What Is the New York Automobile Insurance Plan?

    The New York Automobile Insurance Plan (NYAIP) is an assigned risk car insurance program run by the state of New York. When you enroll in the NYAIP, you get placed in a residual pool. Every car insurance company in New York must take a certain number of drivers from this pool (based on their size and a quota system).

  7. New York Automobile Insurance Plan

    The New York Automobile Insurance Plan (NYAIP) facilitates insurance for more than 90,000 high-risk drivers every year. It does this by assigning drivers who have been unable to find an insurer in the voluntary market to an auto insurance carrier. The NYAIP is a last resort.

  8. Customer Automobile FAQ

    However, policies in the NYAIP (New York Automobile Insurance Plan a/k/a "assigned risk" plan), ... Rental vehicle companies in New York are required to maintain insurance or self-insure in the amount of the minimum liability limits specified in the law. However, people who frequently use vehicles that they do not own, such as for business use ...

  9. What Is The New York State Assigned Risk Program?

    What Is The New York State Assigned Risk Program? A Rochester driver arrested for DWI or driving under the influence of drugs faces many consequences aside from a possible court conviction. There are many financial repercussions to a conviction for drinking and driving on top of any fine that may be imposed by the court.

  10. What is a JUA or an assigned risk pool for high-risk drivers?

    In New York if you cannot find an auto insurance company that will sell you an auto policy with the required coverages you need or want, the New York Automobile Insurance Plan (NYAIP), commonly known as the Auto Plan or Assigned Risk Plan, is a special insurance facility established under New York State law to assure that coverages are provided.

  11. New York Insurance Law § 5301 (2022)

    2022 New York Laws ISC - Insurance Article 53 - Motor Vehicle Insurance Assigned Risk Plans 5301 - Participation in Assigned Risk Plans. ... New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked ...

  12. How State-Assigned Car Insurance Works

    What is an assigned-risk car insurance pool? Drivers who are deemed too risky may be unable to buy car insurance on the private market. But they still need coverage by law if they own...

  13. What's Assigned Risk Auto Insurance?

    [1] States establish assigned risk auto insurance programs and require private insurers to participate. Drivers get coverage by applying to their state's risk pool, and the state assigns them an insurer. While insurers can't deny eligible drivers coverage through this program, assigned risk car insurance policies aren't cheap. [2]

  14. New York Assigned Risk Auto Insurance

    Get help with finding New York Assigned Risk Auto Insurance coverage by using the easy help request form below or calling (657) 217-8484. Get help with finding New York Assigned Risk Auto Insurance coverage by using our New York state licensed insurance specialists. New York Personal Auto Guide NY

  15. New York State Assigned Risk Auto Insurance Explained

    Assigned risk auto insurance is when the government requires services companies on provide policies for high-risk drivers. Assigned take insurance is typically used as a last resort when a driver cannot receive a policy from any other provider. Property companies determine the cost of their insurance company grounded on risk.

  16. NYCM Insurance

    * Service Fees are applied per New York State Plan Rules. Your total policy premium must be at least $300.00 to qualify for the six payment plan. If you are being billed under the Assigned Risk plan, payments can be made directly to the company or through your producer.

  17. Assigned Risk: What It Is, How It Works

    Key Takeaways Assigned risk is when the law mandates that an insurance company offer certain coverages. In such cases, regulators will require insurance companies to pool together and accept...

  18. Car Insurance for High-Risk Drivers in New York

    The average cost of car insurance In New York is $3,139 per year for full coverage and $1,371 per year for minimum coverage. That means the average driver in the state of New York pays car ...

  19. NYCM Insurance

    Assigned Risk Payment Plans. If you are assigned to the New York Automobile Assigned Risk Pool, there are two payment plan options. These plans are established by the New York State Automobile Insurance Plan. Service fees are applied per New York State Plan rules. Your total policy premium must be at least $300.00 to qualify for the six payment ...

  20. Assigned risk

    New York is a typical system. The MVAIC, or Motor Vehicle Accident Indemnity Company, may assign high-risk drivers, and pays for victims of uninsured or underinsured motorists. [7] Uninsured means the driver or owner of a motor vehicle has no insurance at all, while an underinsured person has insurance, but the coverage is insignificant ...

  21. Assigned Risk Plans

    This is a list of links to state workers compensation assigned risk plans and pools. Alabama—NCCI Holdings, Inc. Alaska—NCCI Holdings, Inc. Arizona—NCCI Holdings, Inc. Arkansas—NCCI Holdings, Inc. California—State Compensation Insurance Fund. Colorado—Pinnacol Assurance. Connecticut—NCCI Holdings, Inc.

  22. Assigned risk customer service

    If you are an assigned risk customer, ... Liberty Mutual Insurance P.O. Box 1449 New York, NY 10116-1449. Overnight Mail - Customer Liberty Mutual Insurance Attn: Payment Processing BC 100 Liberty Way Dover, NH 03820. Phone for overnight address location: 1-800-320-7582.

  23. O'Leary: NY Judge Fined Trump For Doing Something Real Estate

    Investor Kevin O'Leary told FOX Business Network's Neil Cavuto that he is "shocked" at the decision by a New York judge to fine former President Trump's business more than $300 million, saying he ...