You have been convicted of driving whilst unfit through drink or drugs. You will find this is likely to cause the cost of one of the following to rise considerably. Which one?

Related Information

What is an auto insurance premium?

Your insurance premium, which is often the same amount as the quote you were given, is the sum you agree to pay in exchange for the coverage described in your policy. The best course of action is to request a quote if you're unsure how to determine the cost of your annual premium.

Which factors may increase your auto insurance premium?

1. You got a ticket or had an accident. Your driving record has a significant influence in determining your premium, so if you were in an accident or received a ticket, you can anticipate that it will have a negative impact on your premium. If you've been in an accident, even if it wasn't your fault, insurers may view you as a high-risk driver. The good news is that a fender-bender won't permanently affect your premium because many insurance companies only take the latest three to five years of your driving record into account when determining your rates. Additionally, some insurance companies may provide accident-forgiveness plans that cut you some slack and guarantee that your provider won't increase your rate following your first accident.

2. You reside in a region where there are more claims. Even if you choose not to make a claim, an increase in claims in your area could result in an increase in your rate.

3. Inflation. Rising prices for products and services might have an effect on your auto insurance.

4. You are no longer eligible for a discount. If you initially obtained a cheaper rate for your policy thanks to a discount, you may experience an increase in your rate once that deal ends.

5. You added a new driver to your policy. Your rate will probably rise if you added a new family member to your insurance because there is an increased risk from having a second driver. Their age and driving history will determine the exact increase.