A DWI conviction in New York does more than lead to criminal penalties. It can also affect your financial well-being and your auto insurance.
Getting a DWI conviction can cause drivers to deal with long-term consequences that impact their ability to drive affordably. It is important to understand these implications so you can make informed decisions about your DWI defense.
Why does a DWI affect auto insurance rates?
Auto insurance companies in New York view a DWI conviction as a high-risk event. When a person gets convicted, insurance providers often raise that driver’s premiums. In some cases, they may even cancel the existing policy. This happens because insurance companies consider DWI offenders more likely to cause accidents or repeat risky behavior.
What happens to your auto insurance after a DWI?
After a conviction, the New York Department of Motor Vehicles may require an SR-22 or similar proof of financial responsibility. This certificate tells the state that a person carries the required level of insurance coverage. Insurance companies often charge fees for filing this certificate. The need for this type of proof can last for several years.
Insurance rates after a DWI conviction in New York often double or triple. The exact amount depends on several factors, such as age, driving history and location. A younger driver with a first DWI conviction might see a different rate increase than an older driver with a clean record. However, all drivers face steep financial consequences.
In addition to higher costs, some drivers may lose access to preferred insurance plans. Instead, they must use high-risk insurance providers that offer fewer options and charge more. Some of these providers may also require large down payments or restrict certain coverage options.
A DWI conviction in New York does not only involve court penalties. It also brings years of financial strain through much higher insurance premiums. Drivers who face this situation must work hard to show safer behavior before insurance companies lower rates again.