A DUI is a serious infraction that can have serious consequences. It can affect your ability to get insurance, your job and even your ability to travel internationally. If you are convicted of driving under the influence (DUI), your insurance company will increase your premium due to the risk you present. Additionally, if you are convicted of a second DUI, your insurance company may terminate your policy altogether. However, there are ways to reduce your insurance rates after a DUI. Here are some tips for reducing your insurance rates after a DUI:
If you are a first-time driver with good grades or a clean driving record, you may qualify for “good student” rates. These rates are usually around 20 percent less than the standard rates for the same amount of coverage. If you’t qualify for good student rates, consider purchasing “light” coverage, which is cheaper than the normal coverage. You can also consider purchasing a “no claims bonus” rider, which will increase your premium if you make a claim. However, a DUI conviction will not affect your eligibility for these rates.
If you already have a good health insurance policy, you may be able to add DUI coverage to your policy at a reduced rate. Many health insurance companies offer DUI coverage as an add-on to their basic policies. However, this may not be possible if your health insurance policy is provided through your employer. Additionally, if you are not required to have health insurance, you may not have access to this type of policy.
If you have no DUI convictions, you may be able to qualify for a “clean record” discount. This is a type of risk mitigation program that may be offered by your insurance company. However, this may not be available if you have a DUI conviction in your past. You may also be able to qualify for a “clean record” discount if you have a DUI conviction and are convicted of another DUI in the future.
If you own your car, your insurance company will increase your premium due to the risk of insuring a high-risk driver. If you do not own your car, your insurance company may offer a lower premium, even if you have a DUI conviction in your past. Additionally, if your car is totaled in a DUI accident, you will not be responsible for paying the difference in the value of the car. However, you will still have to pay out-of-pocket for any damages not covered by your insurance company.
A DUI conviction can have serious consequences, including a hefty fine, jail time and the revocation of your driver’s license. If you are convicted of a DUI, it is important to understand the consequences of your decision and the impact it will have on your life. It is also important to understand the impact a DUI conviction can have on your insurance rates. By following the tips above, you can minimize the impact your DUI will have on your life and your insurance rates.