Getting a DUI might harm your finances in a number of ways. Depending on the state you live in, a DUI conviction could result in fines, court costs, and attorney fees. It’s vital to understand how a DUI could impact your finances and what you can do to get back on track. Below are some of the financial consequences to consider if you get a DUI or DWI.
Increased Insurance Rates
There are many aspects of a DUI that can be challenged by a lawyer, such as reasonable suspicion for the traffic stop, how field sobriety tests are administered, reading of Miranda rights, and other elements. Unfortunately, if your lawyer cannot argue against these points and you are convicted of a DUI, it is likely that your car insurance rates will increase. Insurance companies view drunk driving as a higher risk and will raise your premium accordingly.
You can speak to your insurance company directly to find out how much the rates may go up. It’s also important to ask if there are any state or local programs you can participate in that may reduce the rates.
License Reinstatement Fees
After a DUI conviction, your driver’s license will be immediately suspended for at least 30 days in North Carolina. This is similar to many other states, but there may be fines and fees required to get the license reinstated. Depending on the state, these reinstatement fees can range from a few hundred dollars to thousands.
In addition, if you are convicted of a DUI in North Carolina, you will have to pay an additional fee to the DMV for reinstatement. This could be hundreds of dollars or higher depending on the severity of the DUI.
Ignition Interlock Device Fees
An ignition interlock device (IID) is a breathalyzer that is installed in your car to prevent you from driving while intoxicated. When you turn on the device, you will have to blow into it and the car will not start if your blood alcohol level is too high.
States may require an IID for a period of time after a DUI conviction. While this can be beneficial for road safety, it can also add to your costs as there are installation and monthly fees associated with the device.
Costs of Personal Injury Lawsuits
According to AllLaw, most personal injury cases in the United States are due to a car accident. These lawsuits can wreak havoc on your finances and you may be held liable for damages, medical bills, and lost wages of the victims. Even if you are found to not be at fault for the accident, there could still be legal costs associated with defending yourself in court.
If a DUI is involved in the accident, these costs may increase as the other party can use this evidence against you in court. It’s important to consider these potential costs if you plan on driving after drinking alcohol.
Long-Term Effects
The financial effects of a DUI or DWI can last for years and even decades. For example, many employers now require background checks as part of the job application process and a DUI conviction may be seen as a negative mark on your record. This could impact your ability to get a job or find better-paying employment.
It’s also important to remember that even if you are able to pay the fines and fees associated with a DUI, there is still the potential for long-term financial damage due to increased insurance premiums and difficulty getting certain jobs.
DUIs and DWIs can have serious financial consequences that could last for years. It’s important to consider the potential costs before driving after drinking alcohol and make sure you are able to pay any fines or fees associated with a conviction. If possible, speak to an attorney to find out all of your legal options in order to minimize the financial damage from a DUI.
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