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The filing fee for the "Florida Uniform Financial Responsibility Certificate FR-44" is 15.00 dollars. Not too bad, however, the other additional insurance costs related to the DUI can be quite severe. Increased coverage, point surcharge, and rate tier assessment combine to significantly increase the policy premium (price) for DUI drivers. Keep in mind FR44 insurance is for DUI drivers only; other high risk drivers file SR22. For Florida drivers not convicted of DUI the state considers a policyholder who maintains auto insurance liability of 10/20/10 as being financially responsible. The state requires proof of 100/300/50 liability limits, via the FR44 filing, to reinstate and maintain the operators license of drivers with a DUI. This requirement is for three years from date of conviction. For policyholders who are accustomed to minimum coverage, or significantly lower limits, this change drastically increases premium (price). Auto insurance companies use a system of discounts and surcharges to adjust premium. A "safe driver discount" reduces the premium for drivers who are accident and violation free. Those drivers with accidents and or violations accumulate "points" which surcharge premium. Naturally, DUI is considered a major violation and results in several points. Policy premium increases for each point assessed. Rate tier assessment is another major factor insurance companies utilize to determine premium. Insurance companies place policies in different tiers (categories) with different rates. Good and bad risk characteristics for a specific policy determine the qualifying tier. DUI does not qualify anyone for the most favorable tier with the lowest rates. In fact, more often than not, an insurance company will place a risk (policy) with a DUI driver in their worst tier with the highest rates. There is some good news about the premium rates for DUI drivers. Since 2007 when DUI drivers began utilizing FR44 filings exclusively for them, while the SR22 filing continued for other high risk drivers, loss ratios for this risk group have been favorable for insurance companies. Fewer and less severe claims payouts from FR44 policyholders, as evidenced by their low loss ratios, enables insurance companies to reduce the premiums and still maintain a profit. As of May 4th 2012 all insurance policies with a Florida FR44 filing are not allowed to be cancelled. Because FR44 policies cannot be cancelled, insurance companies will require payment in full to begin a policy. This becomes another reason why companies can reduce the premium for these policies. Companies earn investment income from the upfront payment and also save money from not having to generate payment notices. Also companies will not be subject to the costs of underwriting and administration for starting a policy just to have it canceled prematurely for a monthly installment that is not received. Another reason that helps keep the rates reasonable for these policies has to do with the way the cost is determined for high liability limits. liability rates per thousand of coverage, decreases as limits are increased. The diminishing rates are due to administration costs being the same for each policy, and claim payouts which are often small amounts, do not access the higher limits. And each time the policy renews the policyholder is eligible for a discount, and more favorable tier, which is only available with high liability limits. This advantage continues after the FR44 filing is no longer required when increased limits are maintained. The entire staff at Florida Auto Plus Insurance is dedicated to helping DUI drivers through the Florida Fr44 insurance process. Our experience is evident the moment you call for a quote or need your questions answered. Florida Auto Plus Insurance provides competitive FR44 Florida auto insurance quotes. Find out how much Florida FR44 insurance cost at http://howmuchdoesinsurancecost.com/ This is an informative website which includes a self quoting option and these topics; how much insurance do I need, and how much is auto insurance, FR44 or DUI, SR22, and home / flood insurance. Additional detailed Florida FR44 information for DUI drivers and insurance agents can be found at http://floridaautoplusinsurance.com/floridaautoinsurance/FloridaFR44Filing.html Visit our Sites or give us a call. We want to help you! Florida Auto Plus Insurance Agency. 1-877-WIZ-AUTO (949-2886). Thank you, Cliff. Article Source: https://EzineArticles.com/expert/Clifford_J_Schimek/259660 Article Source: http://EzineArticles.com/2627061

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