People marry for love and friendship. It is a public display of your commitment to each other. While saving on car insurance is often not the main reason couples tie the knot, it is an added benefit! Learn about auto insurance for couples so you can save money while traveling.
Does Getting Married Affect Your Car Insurance Rates?
How does getting married affect car insurance? Let’s start counting the ways. First, married people are considered permanent and insured. Those family vows show that he is mature and trustworthy. When it comes to car insurance, being married can be an important factor in determining an accident. Married people often pay lower rates than their single counterparts.
Newlyweds, start looking for money right away! Start your marriage with cheap car insurance for newlyweds and put your savings towards other dreams.
Single vs. Married Premium Differences
The difference between married payments and single payments can be huge. While it’s true that young drivers pay higher rates than experienced drivers, a marriage license can still save them up to 21 percent. That’s how much the average, married 20-year-old saves compared to a single person of the same age. Although wages are lower for all married couples, those between the ages of 20 and 25 earn more than the unmarried.
Insurers find that young male drivers who are married are less likely to engage in risky behavior such as impaired driving than their single counterparts. They don’t like to run or chase recklessly and carelessly most of the time.
Yes, a lot depends on the driving record of the spouses. Overall, married couples complain less than single drivers. The following include drivers who are divorced or widowed.
Nationwide, the average salary for a single driver is $1,407. Get married, and the average annual salary drops to about $1,381. The average cost for divorced drivers is $1,467, and for widowed drivers, $1,431.
Government Spousal Savings
Although young couples save more than their single counterparts, older couples also have lower incomes. Average savings rates vary by country.
Couples in Georgia save about 10 percent on car insurance premiums. Virginia comes in second at 7 percent. This says about 6 percent or more in family car insurance premiums:
- New Hampshire
- Rhode Island
Although some states offer a reduction in income, there are a few states where the wages of married couples are increased by 1 percent. These are:
- North Carolina
While marital status is a major factor in determining car insurance rates, be aware that insurance companies take every applicant seriously. Although getting married is a plus, it will not limit your plan if one or both of you:
- Drive old cars that are not safe
- Have an accident history
- Live in a high-risk zip code.
While there isn’t much you can do about a past accident history other than maintaining a good driving record for the future, you can save extra money on car insurance later on. buy a safe car or move to a zip code with a few clicks.
Car Insurance for Married Couples: Frequently Asked Questions
When should I combine my car insurance if I am married?
If you both have a good driving record, combine your car insurance as soon as possible to use the savings. If you received money as a wedding gift, put it to good use by paying off all your expenses and discounts!
If one family member has a better driving record than the other, make that person the lead driver. If you both own cars, you should still save money thanks to the multi-car discount. Do math all the time compare words.
Does car insurance change after a divorce?
Auto insurance changes later divorce. At least one of you will need a new plan. Another change depends on what your ex-spouse does.
For example, if one spouse remains in the matrimonial home, the property is less important in terms of necessary changes. A spouse who leaves may pay more (or less) depending on the accident rate of their new zip code.
Ex-spouses moving out of state must comply with their new auto insurance policies. Beyond the change in minor requirements or the need to have uninsured motorist insurance, this move can mean a change from the wrong place to the wrong place..
Enjoy your wedding by saving money on your car insurance premiums. The General® he gives cheap car insurance for couples. That’s not what we offer! Enjoy our current offer mobile app for managing all your auto insurance needs.
Do any of you have a bad driving record? At The General,® we specialize in providing affordable auto insurance for high-risk drivers. Our track record of helping people with bad car records is second to none. We also know that our customers can work to improve their records so they can enjoy lower rates in the future. Get it the cost of insurance less than two minutes to see how you can save!