DUI/DWI Convictions Impact High Risk Insurance
DUI/DWI convictions have a significant impact on high-risk driver insurance. Here’s how they affect insurance rates and coverage:
1. Increased Premiums: DUI/DWI convictions are considered serious offenses and often result in significantly higher insurance premiums. Insurance companies view individuals with DUI/DWI convictions as high-risk drivers who are more likely to be involved in accidents.
2. SR22 Filing Requirement: In most cases, a DUI/DWI conviction will require the individual to obtain an SR22 filing. SR22 insurance involves higher premiums due to the added risk associated with the conviction.
3. Policy Cancellations or Non-Renewals: Some insurance companies may choose to cancel or non-renew the policy of a high-risk driver with a DUI/DWI conviction. If this happens, finding new insurance coverage can be more challenging and expensive.
4. Limited Coverage Options: Following a DUI/DWI conviction, high-risk drivers may have limited options when it comes to insurance providers. Some companies specialize in providing coverage for high-risk drivers, but the pool of available insurers may be smaller.
5. Required Alcohol Education Programs: Depending on the jurisdiction and the severity of the offense, individuals with DUI/DWI convictions may be required to attend alcohol education or treatment programs. Failure to comply with these requirements can further complicate insurance matters.
6. Ignition Interlock Device Requirement: In certain cases, a DUI/DWI conviction may lead to the installation of an ignition interlock device (IID) in the driver’s vehicle. Some insurance companies may require proof of IID installation before providing coverage.
7. Long-Term Impact: A DUI/DWI conviction can have a long-term impact on insurance rates. The offense may stay on the individual’s driving record for several years, resulting in higher premiums even after the initial conviction.
It’s important to note that the specific impact of a DUI/DWI conviction on high-risk driver insurance can vary depending on the insurance company, location, and individual circumstances. Working with an insurance professional who specializes in high-risk drivers can help navigate the complexities and find the most suitable coverage options following a DUI/DWI conviction.