How Does a DUI Impact Auto Insurance Rates?
Auto insurance policies often cover more than one person. These policies, such as those shared between a family, are often linked to each other. When you share a policy with someone, the changes to it affect everyone involved. That includes instances of driving under the influence. A DUI can cause auto insurance rates to increase. This is likely to impact anyone that is on the policy with you. There are a few things you need to keep in mind.
Will Your Rates Go Up?
Car insurance rates tend to go up when moving violations, such as DUI, instances occur. The reason for this is quite simple. If you’ve driven in a risky environment previously, chances are good you are going to do it again. And this means you are a bigger risk to the insurance company. To compensate for that risk, they may raise your auto insurance rates. In some cases, you may be required to obtain SR-22 coverage, an additional type of protection that acts as proof of insurance.
Should You Maintain The Same Policy for DUI Insurance?
If your car insurance rates go up, you may be tempted to drop your policy to seek another. There are a few things to keep in mind here.
- You still need coverage. That means you will need to find a policy that is fitting, which means ensuring it is affordable.
- It may be beneficial for your spouse or others to be listed on a separate policy, therefore keeping their costs lower.
- In some cases, insurance companies will exclude some drivers within the home that are a high risk. This may reduce costs to the remaining family.
Take some time to consider your options. Request a few quotes from your independent agent to determine if a more affordable option is available. Perhaps most importantly, though, it is essential to ensure you are taking every step possible to reduce the risk of having multiple violations. Over time, you may be able to see your insurance rates fall again. Being a safe driver makes all of the difference in auto insurance rates. After considering your options, be sure to work towards reducing points and implications on your license through safe driving techniques.
We’ve got you covered. Call ACF Insurance Services Inc at (919) 661-1100 for more information on North Carolina DUI auto insurance.