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How much does an Ohio OVI affect auto insurance rates?

When you receive a charge and a subsequent conviction for operating a vehicle while impaired in Ohio, you may find that your finances take a serious hit in the aftermath. An OVI can cost you a considerable amount of money once you factor in fines, costs associated with ignition interlock devices and so on, but it may also cost you in ways that come from outside of Ohio’s criminal justice system.

For example, an OVI can affect your ability to commute, meaning you may need to rely on public or other potentially costly forms of transportation. While this can cost you a substantial amount of money, Insure.com notes that your OVI can also have a significant impact on your auto insurance rates once you are able to get your license back.

Notable rate increases

No matter what part of the country you live in, you can expect that your auto insurance rates will spike after a conviction for drunk driving. Nationally, most motorists see their insurance rates rise anywhere from 28 to 371 percent following a drunk driving conviction, and as an Ohio resident with an OVI on your record, you can expect your rates to climb about 62 percent.

So, how much money do you stand to lose after an OVI? The typical Ohio driver who does not have an OVI on his or her record will pay about $959 each year for auto insurance coverage. After an Ohio OVI conviction, though, this amount climbs to, on average, $1,553 annually, which is a difference of nearly $600 per year.

While coming up with an extra $600 for auto insurance coverage may prove difficult for many Ohio residents, some of the other repercussions that often accompany OVI convictions can make it even tougher to make up the difference. You may, for example, find that you can no longer hold down a job in the wake of an OVI, which can make it even more difficult to set money aside for when you do get your license back.

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