Are congratulations in order? Now that you’ve tied the knot, you might be happy to hear that auto insurance for married couples can save you significant money.
You might want to file this article under “I didn’t know that before, but thanks for the insight!” After all, though you didn’t say your “I dos” to decrease your auto insurance premiums, keeping more of your income to spend in other areas is always a nice perk.
Why is car insurance cheaper when you’re married? Check out these top reasons.
1. Research Shows Married People Have Better Driving Records
For whatever reason, married drivers tend to get in fewer accidents than their single counterparts. This lowers the risk that insurance companies undertake when they’re offering packages.
For this reason, auto insurance for married couples can look very different from a financial perspective. You may be able to spend tens, if not hundreds, less each year depending on your insurance policy, carrier and other considerations.
2. Bundling Insurance Tends to Be Cheaper
This is kind of a general rule of thumb that most people find out. When you can move your insurance into a bundle provided by the same carrier, you tend to get lower rates and premiums.
In fact, when you call your local insurance agency to discuss the best car insurance for married couples, be certain to ask about bundling other insurance, too. This could include renter’s insurance or homeowner’s insurance.
3. Moving to One Carrier Can Make Smarter Fiscal Sense
Let’s say you and your partner have auto insurance with different carriers. It might turn out that your carrier is actually cheaper overall. Therefore, moving your partner’s onto your policy is a no-brainer.
We all know the saying, “Shop around.” If you haven’t shopped recently, let a Strock Insurance agent find out if one of our policies is less expensive while still protecting you.
When Is the Best Car Insurance for Married Couples Two Separate Policies?
To be transparent, there are times when married couples choose not to join their policies. For instance, if you or your spouse has a poor driving record, you may spend less by keeping the policies you have. After all, a joint policy factors in both records, so a bad one could drive up costs.
Another factor could be if one person just drives much more frequently than another. Again, this is something that should be discussed when you meet with your local insurance agency to go over your choices.
In the end, your objective is to have the best auto insurance for married couples, whether you’re on the same policy or not. The wisest way to ensure that you’re totally covered and protected without overspending is by meeting with an insurance expert who can send you in the right direction.