Tuesday, April 5, 2011

DUIs & Financial Impact on California Insurance Premiums

A recent analysis of auto insurance costs in California conducted by OnlineAutoInsurance.com showed the financial impact a DUI or related offense can have on the price of coverage. The site created the car insurance comparisons by calculating prices from three different California insurers for three different age drivers. The company calculated the price of the coverage for each individual with and without a DUI on the record. All insureds were single males who drive 2009 Honda Civics that average 12,000 miles a year. The company selected coverage types that were 15/30/5 liability policies including comprehensive and collision with $500.00 deductibles.

The results of the study revealed that a DUI can raise insurance premiums by at least hundreds of dollars and with some companies thousands. The size of the increase for the person convicted of a DUI is greatly affected by the insurance provider, the driver’s age, and circumstances surrounding the DUI.

The results also revealed that having a DUI without injury on a driving record raised premiums on average 41 percent. The highest the rate was raised was 57 percent and the lowest was 27 percent. The price of a policy for a 19 year old with a DUI is 63 percent more expensive than the same policy for a 35 year old with a DUI. Premiums for identical policies for all the drivers in this study varied as much as 104 percent between carriers and as low as 4 percent.

If you or someone you know has been arrested for a DUI, it is critical that you contact a skilled DUI attorney immediately. Soaring insurance rate policies is just one of the consequences on a long list of penalties associated with a DUI conviction. Other penalties include fines, jail time, mandatory enrollment in an alcohol program, and license suspension. Contact the Parker Law Center today for a free consultation!

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