Auto insurance is a safety measure which provides financial protection in case of an accident. It’s a contract between an individual and the insurance company that protects you against any kind of financial loss caused due to an accident or theft. Driving while intoxicated (DWI) under the influence of alcohol or drugs is bad for both you and your finances. When you drive under the influence of alcohol or drugs, you are likely to get yourself or any passenger in the vehicle into an accident and damage your car. It damages your pocket in a sense that driving in an inebriated state. If you are by any chance caught by the police, you are liable for a fine, jail or even suspension of your driving license. It severely impacts your car insurance premium as well. Hence, it’s important to have a proper knowledge of DWI insurance.
The important things to know about DWI insurance are as follows.
- Increase in the insurance rates
When you get a DWI conviction, the insurance rates increase depending on your insurance policies, while some might simply non-renew or cancel your policy after learning of your DWI.
- Duration of DWI on your record
When the DWI gets cleared from your DMV (Department of a Motor Vehicle) record, you will once again be able to get a cheaper car insurance. The duration of DWI on your record depends on the state you reside in.
Most states demand the DWI offenders to get the form SR-22 from their auto insurance companies. The form proves to the DMV that you carry liability insurance and can also assist in regaining your license.
- In case you lose the driver’s license
If due to the DWI conviction you lose your driving license, it’s not necessary that you also lose your car insurance. In such a case, you need to find an insurer who’ll allow you to ensure your car for another driver.
- DWI forgiveness
Every insurance company policy is different in how they treat a DWI conviction and in the calculation of the premium rate. However, if you search online or look around thoroughly, you may find a company that best suits your needs until the DWI disappears from your record.
DWI is never good for your car insurance policy. So make sure to follow the rules and never drink and drive.