There are 246 auto insurance companies — which insurer will give you the best rate for not having a DUI? Also, get 3 other discounts that will save you more.
In the January 2015 article, Car insurance after a DUI, Insure.com reported that a DUI can increase insurance by 30-200%. The good news is that if you don’t have a DUI, insurance companies give you major savings. For example, by not having a DUI, your rates could drop by hundreds or thousands of dollars each year. The exact savings depends on which insurer gives the biggest discounts. The truth is: no single insurer always gives the cheapest rate, but when you can combine multiple discounts (and compare), you can get a very low rate.
To keep your insurer honest, compare multiple rates using the right-hand side.
In this article, we will talk about how DUIs affect your insurance rate, and a few discounts that you can expect to receive from your car insurance company for safe driving.
If you are found to be driving with at least a 0.08% blood alcohol concentration, then you will likely be facing a DUI or driving under the influence. Most insurers will increase your rate because after a DUI, they will view you as a high risk driver who is more likely to rack up a bill that they will be responsible to pay. In some cases, you may even be forced into the “high-risk” pool for your state, which is a list of drivers who may pose a danger while on the road.
You may be wondering how much you can expect your insurance rate to increase. The rate may increase between 30 to a shocking 200 percent. That $100 bill could possibly turn into $300 after just one bad night.
However, car insurance companies often provide a series of possible discounts for people who pose less of a financial risk. For example, you can save up to 35% on your premiums from Allstate for driving 60 months without any violations or accidents. You can work to further reduce your rate by enrolling in defensive driver courses. Save up to 10% from Allstate if you are over the age of 55, or a teen driver who has completed the required courses. Even if you have a DUI, there’s tricks to get your rate down by combining safe vehicle and safe driver discounts.
Although very unlikely, even if you’re considered an “unsafe” driver by every insurance company. Another important consideration when purchasing car insurance, and the car itself, is vehicle safety feature discounts. For example, many insurers offer discounts for clients who own a car that is equipped with anti-lock brakes, electronic stability control, airbags, and other technologies. These features not only keep you safe while driving, but they can also help you save money on your insurance premiums. Put simply, a car that is equipped with these high- tech features is a lower risk to the insurance company, and therefore, they can charge you a lower premium.
Safe driving practices combined with a safe vehicle can help you to drastically reduce your rate, allowing you to pocket that extra cash. If you are in the market for a new insurance policy, be sure to keep your insurance company honest. If they’re not giving every discount you think you should have, make sure you use statistics to your advantage. Compare rates from multiple insurers so you know if you’re really paying the right price.