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Understanding the financial implications of a DUI

On Behalf of | Apr 20, 2017 | Blog

As the end of the semester draws near, there are sure to be plenty of parties on and around Greenburg’s several colleges. Celebrating the end of the term seems innocent enough, but too many students start the night by simply trying to have fun and end it wondering how they wound up behind bars. A DUI conviction can derail your whole life, and it is expensive, too. Consider the financial implications it could have on your life.

Lost opportunities for income

The last consideration you might have when facing DUI charges is the impact a conviction will have on your future earning potential. Many employers run background checks and may disqualify you from a position if you have a DUI conviction on your record.

Fees and fines related to arrest

According to Bankrate, a DUI could eventually cost upwards of $20,000. This might seem ridiculous, but the stakes are certainly high when it comes to drinking and driving. The fees and fines associated with an arrest are the least of the liabilities you can expect to face. If you then go to court, you will be slapped with court fees, too. These expenses are likely to be a burden, but they are hardly the only costs you will face.

Higher insurance rates

Your monthly insurance premium is likely one of your central expenses. Everybody wants to lower their payment, and you might feel that you are overpaying on yours. If you happen to be convicted of a DUI, your premiums will inflate massively, and they will not return to a normal rate for years to come.

A DUI conviction will have a serious impact on your finances, but a lawyer may be able to help. Reach out to an attorney for more information on defending yourself against charges of driving under the influence.