Individuals that are charged with driving while under the influence (DUI) are considered by insurance companies as “high-risk” drivers. When an insurance company calculates quotes for motorists, they factor in their potential future risk of being involved in an auto accident. If a motorist has a DUI conviction on their driving record it will increase their insurance rates. When most people consider the possible penalties or repercussions of a DUI they think of hefty fines, license suspension, and even jail time. However, they should consider how a DUI conviction will affect their auto insurance rates. An individual’s life can be negatively impacted for a considerable period after a DUI conviction. If you or someone you care about has been charged with a DUI, please read on and contact a skilled Garden City, NY DWI/DUI attorney who can assist you in obtaining a reduction or dismissal of your charges.
How does a DUI affect auto insurance rates in New York?
As mentioned above, individuals with DUI convictions on their record are considered “high-risk” drivers as they have a significantly higher chance of being involved in an auto accident. As a result, they are charged higher rates when it comes to their auto insurance policy. According to statistics, after a DUI conviction in New York, individuals should expect their premium yearly auto insurance rate to increase by 57%. In other states, individuals can expect their auto insurance to increase by 65% or more. This increase can make it challenging for individuals to pay which could result in lapsed coverage. Ultimately, a DUI makes auto insurance rates more expensive.
How long could it affect my rate?
In New York, a DUI can affect auto insurance for up to 10 years. However, this ultimately depends on how far an insurance company examines a driver’s record. Typically, insurance companies will look back at least three years to determine an appropriate rate based on the individual’s driving history. Additionally, any other moving violations or past lapsed coverage play a part in determining how much insurance rates are increased after a DUI. Furthermore, insurance companies may refuse to renew or cancel a policyholder’s coverage based on their convictions. Insurance companies are private institutions which means they have every right to terminate a policy or refuse to renew a policy for a DUI conviction. However, insurance companies will opt to raise their rates significantly.
In the unfortunate event that you or someone you love has been charged with a DUI, it is imperative to retain the legal services of an experienced Garden City, NY DWI/DUI attorney as soon as possible. Our skilled attorneys can help investigate the circumstances of your arrest and represent your interests in court. We are committed to helping our clients get reduced or dropped charges. Allow our firm to fight on your behalf today.