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  • Posted December 22, 2016

Holiday Travel? Study Shows California Car Insurance Costly After DUI, Speeding

Holiday Travel? Study Shows California Car Insurance Costly After DUI, Speeding

Elizabeth Renter, NerdWallet Published 6:00 am, Friday, December 16, 2016

This article was first published on NerdWallet.com.

Before you get behind the wheel this holiday season — in a rush to get home from a ski trip in Tahoe or after having a few drinks at the company holiday party in Los Angeles — take note: A DUI or speeding ticket in California can have financial consequences that last for years to come.

A fine isn’t the only way you’ll pay for driving mistakes like speeding or drunken driving; your auto insurance will take a hit, too. Car insurance quotes may give you sticker shock when your policy is up for renewal or if you have to look for a new carrier after a DUI license suspension.

According to a new study by NerdWallet, auto insurance rates across the nation increase 14% on average after a speeding ticket and 62% on average after a DUI. In California, those penalties are even higher:

A DUI will increase your annual rates by 128% in the Golden State — from $1,248 with a clean driving record to $2,849, on average. That’s the second-highest increase in the nation. North Carolina has the largest penalty, with an average 368% increase. Drunken drivers in Louisiana see the most modest increase for DUI: 17%, on average.

If you’re ticketed for speeding 11 to 15 miles per hour over the posted speed limit in California, you’ll see your rates rise 20%, to $1,503 a year, on average. North Carolina also had the highest increase for speeding, at 62%, while rates for speeders in New Hampshire rise only 1%, according to the analysis.


See full article at link below

http://www.sfgate.com/business/personalfinance/article/Holiday-Travel-Study-Shows-California-Car-10800529.php