It is common knowledge that drivers who have been in multiple accidents, or those under a certain age, tend to pay higher car insurances premiums. With every state requiring some form of car insurance, it can be difficult for those without an accident-free driving record to find reasonably priced auto insurance. Lately, drivers with DUI convictions have found themselves amongst the group of drivers considered “high risk” by auto insurance companies.
DUI convictions can be quite costly. Often, penalties for DUI include paying court costs and fees. With multiple convictions, the fees and costs may increase and sometimes range in the thousands of dollars. Another “hidden” fee of DUIs may include vehicle damage to the driver’s car or any other car involved in a DUI incident. On top of these costs, insurance industry data reveals that drivers with DUI convictions experience a considerable rate spike. J.D. Power reports that even a first-time DUI offender may pay between $3,600 and $6,600 per year for auto insurance. These estimates do not include the whopping price increases for multiple convictions.
Why do DUI convictions cause insurance rates to increase? It has to do with the overall risk for the insurance company. Young drivers are considered an especially high-risk group for auto insurance companies. This has to do with their lack of driving experience or their tendency towards riskier behavior, but young drivers often pay much more for insurance, even if they have never had an accident. Insurance companies view these young drivers as high-risk because of the increased risk the insurance company will eventually have to pay for the driver’s mistake. That is, insurance companies understand that young drivers may be more likely to cause an accident, which would result in the insurance company having to pay for any damage.
Similar to the young driver risk assessment is the DUI conviction risk assessment. Drivers with DUI convictions are often seen as high-risk because of the potential for damage involved. Of course, there are many instances in which an intoxicated driver does not cause damage to anyone’s property. However, the risk that intoxicated drivers could cause damage is not lost on the insurance companies. Whether their individual circumstances warrant it or not, drivers with DUIs on their records will likely be considered high-risk by insurance companies.
There are many options for avoiding increased insurance premiums and rates. With so many car insurance companies to choose from, drivers can easily compare how much their driving record will cost them with different companies. With each year that passes without incident, a driver is less likely to be grouped in the high-risk driver category. If you have recently been charged with a DUI or DWI, it is important to hire an experienced DWI attorney who may help you avoid a conviction altogether. If you are a New York driver and have been charged with a DWI or other alcohol-related offense, contact the lawyers at Anelli Xavier today. Anelli Xavier provides experienced legal defense, and may be able to help you avoid a criminal conviction.
DISCLAIMER: The exclusive purpose of this article is educational and it is not intended as either legal advice or a general solution to any specific legal problem. Corporate offices for The DWI GUYS are located at 432 N. Franklin Street, Suite 80, Syracuse, NY 13204; Telephone No.: 1-877-704-9991. Prior results do not guarantee a similar outcome.