How Will a DWI Affect My Auto Insurance Rates?

If you are unfortunate enough to get a DWI (driving while intoxicated), and you end up convicted of the crime, you will most certainly see drastic increases in your insurance rates. While even the name of this term will vary with each state, additional state laws and insurance company systems for rating will also differ noticeably. Essentially, if you have been caught and convicted for driving drunk, your insurance premiums may double – or even triple!

Post DWI auto insurance requirements

If you wish to get your license and privileges back after receiving a DWI, the majority of the states require you to fill out and turn in an SR-22 form. This form provides proof that you have automobile liability insurance. Under SR-22 laws, the insurance company is required to notify the licensing agency, which is usually the Department of Motor Vehicles (DMV), if the policy is canceled, is terminated, or lapses.

You should be aware that a drunk driving conviction will affect your insurance status for a minimum of three years. This timeframe can be lengthened if an insurance provider a specific period of up to seven years in order to review your case. Your rates will be much higher during this period.

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Additional laws at the state level have created stronger penalties in certain cases, such as when someone dies, or if they are seriously injured as a result of drunk driving. The presence of convictions and current penalties will ratchet up insurance rates more, because of the associated risks such individuals represent to insurance companies.

When auto insurance rate changes may occur

If an insurance provider elects to retain your policy after a DWI, the premium rate increase may not show up on the policy statement until the next renewal period, when the insurer examines your motor vehicle record and notices the criminal offense. The length of time that the company keeps you on increased premium rates will depend on state laws and provider standards.

A DWI obviously has a negative impact on you, and it can bump you up into a higher risk bracket with insurance companies. For some, the results may cause you to seek a new company for coverage, especially if the rates are increased too much. The situation is variable and depends on numerous factors. To be absolutely sure of the rates you can expect with a DWI, you should request a free quote right here.