DUI Insurance Rates
Do you know someone who is having difficulty of getting the usual auto insurance policy? Is it because of his bad driving history? Is that someone been involved in too many traffic accidents where he's at-fault? Or is that someone been charged with DUI?
If you have been convicted of DUI then I'm sure you've been through some kind of financial burden. It's been estimated that an ordinary DUI conviction may cost as much as $10,000 that includes - fees, bails, and more. This is in spite of whether your DUI act resulted to harm to another driver and damage on another person's property or not.
If it's your first time to be charged with DUI and you're wondering why the law seems unforgiving with its punishment for DUI offense, think about the situation regarding fatalities that involved alcohol consumption activities. In 2005, the National Highway Traffic Safety Administration listed alcohol as a significant factor for nearly 40% of fatalities in that year. The incident of deaths involving alcohol reached an alarming figure of 16,885.
It is not the law alone that seriously punishes the DUI offenders, the auto insurance companies also do. How? By charging higher DUI insurance rates for drivers who are convicted of DUI offense. In fact, if you are convicted of DUI, you are automatically regarded as a high risk driver. And there are auto insurance providers who will cancel your auto insurance policy without even a DUI conviction, an arrest for DUI is enough for some companies to drop you as their policyholder.
Moreover, a DUI conviction on your name will likely affect your DUI insurance rate premiums for about three to five years. If you are wondering on how much your car insurance premiums will increase - it may double, triple, or even quadruple. Although car insurance rates do vary among states, DUI insurance rate in the state of Illinois for example is estimated to be $1,500 more in one year and that rate could go on for a period of three years.
If you have been convicted of DUI then I'm sure you've been through some kind of financial burden. It's been estimated that an ordinary DUI conviction may cost as much as $10,000 that includes - fees, bails, and more. This is in spite of whether your DUI act resulted to harm to another driver and damage on another person's property or not.
If it's your first time to be charged with DUI and you're wondering why the law seems unforgiving with its punishment for DUI offense, think about the situation regarding fatalities that involved alcohol consumption activities. In 2005, the National Highway Traffic Safety Administration listed alcohol as a significant factor for nearly 40% of fatalities in that year. The incident of deaths involving alcohol reached an alarming figure of 16,885.
It is not the law alone that seriously punishes the DUI offenders, the auto insurance companies also do. How? By charging higher DUI insurance rates for drivers who are convicted of DUI offense. In fact, if you are convicted of DUI, you are automatically regarded as a high risk driver. And there are auto insurance providers who will cancel your auto insurance policy without even a DUI conviction, an arrest for DUI is enough for some companies to drop you as their policyholder.
Moreover, a DUI conviction on your name will likely affect your DUI insurance rate premiums for about three to five years. If you are wondering on how much your car insurance premiums will increase - it may double, triple, or even quadruple. Although car insurance rates do vary among states, DUI insurance rate in the state of Illinois for example is estimated to be $1,500 more in one year and that rate could go on for a period of three years.
Article Source: http://www.avidarticles.com