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DWI Auto Insurance Ramifications
DWI Auto Insurance Ramifications
If you are convicted of DWI, auto insurance rates might be affected, but not immediately. Your driving record is checked by insurance companies about once every three years. It's also checked when you apply for a new policy or make a change to your existin
Defined Tag: DWI Auto Insurance.
If you are convicted of DWI, auto insurance rates might be affected, but not immediately. Your driving record is checked by insurance companies about once every three years. It's also checked when you apply for a new policy or make a change to your existin
If you are convicted of DWI, auto insurance rates might be affected, but not immediately. Your driving record is checked by insurance companies about once every three years. It’s also checked when you apply for a new policy or make a change to your existing policy, such as adding/subtracting a vehicle, adding/subtracting a driver, or making an insurance claim. DWI auto insurance convictions might go unnoticed. However, if your insurer does find out about a conviction from DWI, auto insurance policy premiums can skyrocket. You might even face a potential cancellation or non-renewal of your policy.
DWI auto insurance companies deal with a conviction in two ways. First, your insurance rates will rise and you’ll be labeled a high-risk driver. If such is the case, you will likely need to file proof of insurance for at least 3-5 years with the Department of Motor Vehicles in your state. Your DWI auto insurance company must provide the DMV with an SR-22 form to lift the suspension on your driver’s license. As well, an SR-22 requires the DWI auto insurance company to notify the DMV if your insurance is canceled, regardless of the reason. Most states require an SR-22 from DWI convicts. If you live in one of these states, your DWI auto insurance company will certainly find out about your conviction.
Once your DWI auto insurance company finds out about the conviction, your policy might automatically be canceled, either during the course of your policy period or at the end of the term. Some states don’t allow for the cancellation of your coverage in mid-term, so consult your state’s Department of Insurance for further details. You will receive a notice from the insurer explaining the reason for the cancellation. This will allow you to locate another DWI auto insurance company who can provide coverage despite the conviction. Note that some companies do not offer SR-22 policies.
It is possible, but not always likely, that your insurance company won’t ever find out about your DWI conviction, particularly if you aren’t required to get an SR-22. According to an Insurance Research Council study in 2002, about 25% of DWI and other driving-related convictions never appear on driving records. This is due to poor communication between courts and DMVs. It could also be due to a conviction erased through other arrangements, such as successful completion of driver’s education. As well, if your DWI charges are reduced from a plea bargain, or if your license is suspended for a limited amount of time, it’s not likely that the conviction will reach your insurance company. If your insurer does miss the conviction when it happens, there is a limit of three years for them to raise your premium or cancel the policy. Some states have a limit of five years.
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