Car Insurance for Married Couples

 Once you're already married, there can be some overwhelming financial aspects of the new married life. One of them is the effect it will have on your auto insurance premiums . There are statistics that insurance companies use to show the effect being married has on your rates, something to be aware of.

Married couples pay lower premiums, on average, than singles. Why? Generally speaking, insurance companies consider married couples to be more financially stable and less risky to insure.

Do I have to add my spouse to my auto insurance policy?

Yes, you will most likely need to add your spouse to your insurance policy. For the most part, this could be a good thing: You can lower your premium a bit and make managing your insurance easier by consolidating your vehicles into one policy. However, if your spouse has a less than stellar driving record, this could result in an increased premium.

The general rule is that if a driver lives in the same household as you, they should be listed on your insurance policy. Depending on your insurance company, you may be able to list your spouse as an excluded driver on your auto insurance policy and avoid premium increases. However, most companies do not allow spouses to be excluded drivers.

Ask Your Partner These 5 Questions About Their Driving Record

Before combining your auto insurance policies , consider finding out a little more about your partner's driving record by asking them these questions and sharing your own answers:

  • Have you been involved in an accident?
  • Did you get any tickets?
  • Have you made any insurance claims?
  • Have you obtained a DUI?
  • What is your credit score?

Not every couple will need to ask these questions, especially if they both have relatively clean records. It can also be helpful to write down your responses separately and then share them to minimize feelings of shame or judgment on both sides.

marriage discounts

Most companies offer a variety of auto insurance discounts to help you save on your premium. While there isn't usually a specific "marriage discount," you may have access to discounts that you didn't have before you got married.

  • Multi-car discount: By adding your spouse and your vehicle to your policy, you may be eligible for a multi-car discount.
  • Marital Status: This is another possible discount based on your change in marital status. By updating your personal information from "single" to "married," your rate can drop an average of $50 per year. Whether true or not, married people are considered more stable drivers who are likely to share driving responsibilities.
  • Multiple Policy Discount: As newlyweds, you may also be moving in together, either to rent or buy a house or condo, and this could offer the opportunity to combine all of your insurance policies with one company, which could generate discounts.

Should my spouse and I have separate policies?

If your spouse has a poor driving record or limited experience as a licensed driver, there's generally no way to prevent this from affecting your premium when you combine policies. Marriage legally binds you to someone else, so it's unlikely you'll be able to get a car insurance policy without including your spouse.

However, it may not always make sense to merge auto insurance policies with those of your new spouse.

Do not wait more! Contact one of our Sigo Seguros agents to find out if you can access these benefits in your auto insurance and start saving money now!

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