Automobile

Teen Drivers Are Worse for Your Car Insurance Costs Than a DUI | MotorBiscuit

Auto insurance is a necessary but costly expense. And if you’re frugal, you’re constantly trying to find ways to keep recurring expenses like auto insurance low. To do so, it’s helpful to know which events trigger a rate increase so that you can avoid them or offset them as best as possible. Three events can add as much as $1,000 or more to your annual car insurance cost: a DUI, a drop in your credit score, or adding a teen driver to your policy.

A DUI’s impact on your car insurance premiums

It’s understandable why a DUI would affect your car insurance premiums. Driving impaired is reckless and can increase your risk of getting into an accident. An insurance company has to cover the costs of your accident. If you make a reckless choice to drive under the influence, the company could raise your rate to hedge against the risk of your getting another DUI.

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