Should Couples Combine Their Auto Insurance?

If you are a newlywed, here are some of the things you should consider when it comes to your auto insurance.

As a newlywed, your auto insurance is probably one of the last things on your mind.  However, it’s important that you sit down with your new spouse and discuss your coverage options.  Doing so could help you save a significant amount on your household’s premiums.  Here are some of the things that you should consider about your car coverage.

Getting Married Will Reduce Your Rates

Oftentimes, simply changing your status from ‘single’ to ‘married’ will result in a reduction of your auto insurance rates.  This is because auto insurance providers consider married drivers less risky to insure than single ones.  This means that, even if you each keep your separate auto policies, you will still get the benefit of some savings.

Combining Coverage Will Help You Save

That being said, combining your auto coverage into a single policy is the best ways to save on your car insurance.  Only having to pay for one insurance premium will automatically help you save.  Additionally, having multiple drivers and multiple cars on a single policy could also unlock special discounts that will result in even more savings.

When Combining is a Bad Idea

If you or your spouse has a particularly poor driving record or bad credit score, then you are better off not combining your auto insurance.  This is because your joint insurance rate will be driven up due to the higher-risk driver.  In this case, the best course of action is to keep your separate policies and hope the low cost of one driver’s insurance offsets the expense of the higher-risk driver’s policy.

These are some of the things that you should consider as you discuss combining auto coverage with your spouse.  Do you have further questions regarding your auto insurance?  Then contact the experts at Robert J. Los Insurance Agency in Hamburg, New York.  We are ready to assist you with your coverage needs today.