Alaska Auto Insurance After DUI
Reader’s Question:
Will my current auto insurance here in Alaska increase immediately after I get convicted for DUI? How long would I have to pay those higher auto insurance rates?
Galen
Anchorage, AK
Unless your auto insurance policy in Alaska is already up for renewal, your premiums will not increase immediately after a DUI conviction. In general, an auto insurance company runs a check on your motor vehicle record (MVR) if they are renewing your auto insurance policy or if you are a new customer. Once your auto insurance provider notices your DUI, it’s the time that your premiums will increase. Depending on the state laws and the rating systems of the auto insurance companies, your premiums will be affected for a period of three, five or seven years, or as long as the conviction is on your Department of Motor Vehicles (DMV) record if the insurance laws in Alaska allow it.
Because of a DUI conviction, auto insurance premiums are likely to increase substantially and you will be considered as a high risk driver by auto insurance companies. On average and depending on the guidelines of your auto insurance provider, the increase on your premiums is 30%.
Your DUI would have a negative effect on your auto insurance as you will be placed in a higher risk group and your rates could stay higher on a number of years after your conviction. But that doesn’t mean you can’t do anything about it because you can still shop and compare auto insurance quotes to find the most manageable rates.
Classic Car Insurance Quotes in Alaska
Reader’s Question:
I have a classic car that I need to insure. How can I be sure that my classic car is appropriately insured?
Ottilie
Anchorage, AK
Most classic car owners are aware that there is a huge disparity among classic, antique or vintage cars and the everyday-use cars but not all have separate car insurance coverage for each type of car. Vehicle insurance professionals say that can place classic car owners in a financial obligation in case they have to file an insurance claim. Here’s how you can be sure that your classic car is appropriately insured:
Consider the Real Market Value
Classic cars change in value very often and classic car insurance must show that as well. For example, a ’69 Camaro was valued at $25,000 a few years back and now, it ranges between $40,000 and $100,000. Everyday-use cars are covered based on the actual cash value, meaning if the car is totaled, you will be paid the initial purchase costs minus the depreciated value. However, classic vehicles must be covered based on the “agreed value.” For instance, in case the classic car is totaled, the insurance provider will pay the insured the actual current market price of the classic car minus the deflated value.
Consider the Mileage
Classic cars are only driven for approximately 1,000 miles annually so you don’t have to pay for the unused miles. Classic car insurance policies should be less costly than a regular car insurance policy because the expected driven miles would be less than a regular car usage.
Drunk Driver Insurance in Alaska – Will My Insurance Company Find Out?
Reader’s Question:
Is it possible that my car insurance company here in Alaska won’t find out about my DUI conviction? If they do, will my car insurance policy automatically be canceled?
Afton
Anchorage, AK
There is a possibility that your auto insurance provider never finds out about your drunk driving conviction if you won’t have to secure yourself an SR22 insurance. A research has shown that as much as a quarter of DUI convictions will not be on motor vehicle records of drivers because of the deficiency of mutual information among courts and motor vehicle departments, or probably the DUI has been removed by way of another process like completion of driving school. There is also a big chance that your car insurance provider in Alaska will not know about your DUI if you have a reduced charge because of plea bargaining or had a short driver’s license suspension like 30 days.
In case your auto insurer overlooks your DUI when it comes to pass, they still have a number of years to increase your premiums if the conviction will be found out later. And if they do find out about it, your car insurance policy would not automatically be cancelled or not be renewed due to your conviction, but your premiums would definitely go up. Car insurance companies examine the premiums on a case-to-case basis, with a lot of factors like age, gender, driving record, make and model of the car going into your insurance cost.
Do You Want Cheaper Auto Insurance Rates in Alaska?
Reader’s Question:
I haven’t paid too much attention on our auto insurance until now because we’d want to save as much as we could. In what ways do you think I can be able to have cheaper auto insurance here in Alaska?
Laken
Anchorage, AK
The first thing that you could to do have cheaper premiums on your auto insurance in Alaska is to review your policy. After that, you may speak with an insurance agent regarding the deductibles on your policy and coverage choices on each kind of required coverage. The most important ones include basic, collision and comprehensive coverage and of course, uninsured motorist coverage would cost extra. You may ask your agent or the auto insurance company itself for different quotes with specific groupings of coverage as well as deductibles.
You may also reduce your basic insurance coverage to the least amount that you feel secure with. In the state of Alaska, the minimum amount would be $50,000 per person and $100,000 per accident, which would be the payment the insurance provider would cover for every injured individual, and its overall cost. At times, this involves medical expenditures that, again, would have additional cost. You may opt to lessen your property damage coverage as well to the least amount required. Lastly, get as high deductibles as you can for comprehensive and collision coverage and observe the amount that you can save. Say, a deductible of $1000 would save you over $20 each month against a deductible of $500, it more likely wiser to get higher deductible.