A DUI conviction can cost $10,000

For many of us, this time of year can mean more parties, office get-togethers and family gatherings. And with those often alcohol-fueled meetings in mind, here's a bit of financial advice: Getting a bus, a taxi or a lift home from a sober friend can save you thousands of dollars in the long run.

The website GoBankingRates.com has tallied up the expenses for getting arrested while driving under the influence.

In a best-case scenario -- that is, with no one getting hurt, nothing damaged and no lawsuit -- a DUI arrest will probably set you back around $10,000.

Here’s how the website breaks down its numbers:

Towing and Storage. Your car will be towed and impounded after a DUI arrest, an expense of at least $100.
 
Legal Fees. About $2,500 for an attorney.
 
Fines.  Figure around $2,500.
 
Alcohol Re-education Program.  If you’re convicted on a DUI charge, most states will require you to attend an alcohol re-education and treatment program, which you will pay for. That expense: between $1,500 and $2,500.

Your License. You'll probably have your driver's license confiscated after a DUI arrest. It can cost anywhere from $100 to $500 to retrieve it from the authorities.
 
Insurance. Expect an auto insurance hike of $1,500 to $2,000 more per year for up to five years after a DUI conviction -- that is, if your provider doesn’t drop you outright.

Suddenly, that long bus ride or costly taxi fare home starts looking very cost-efficient.

Don’t forget that some cities and municipalities have free public transportation on New Year’s Eve. And a number of AAA clubs offer a "Tipsy Tow" service to both members and non-members to get your vehicle and yourself home safely.

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