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Obtaining Auto Insurance When You Get Married

auto insurance for married couples

Getting married is an exciting step in life…and one that comes with other potential advantages and disadvantages when it comes to combining both sides. One important area that you will likely be faced with is how to handle your previous separate automobile insurance policies.

Auto/Car insurance after marriage

Now, the first thought may be “now that we are married, let’s just combine everything into one.” If this is you…let’s consider a few things first.

If both parties have excellent driving records and no recent gaps in auto/car insurance coverage, there is certainly opportunity to save money by combining the policies. This can also be positively impacted when you are insuring multiple vehicles (e.g., multi-vehicle discounts). When you are shopping for policies, look for opportunities for discounts due to multiple vehicles as well as combining other insurances such as insurance for your new home.

On the other hand, although it may feel great to include all aspects of your lives in the new union, imagine this scenario…your spouse has a poor driving record (e.g., speeding, accidents, DUI, etc.) …things that drive insurance rates up. Combining the policies could actually result in increasing your rates. Keep in mind that even when you want to have separate policies, insurance companies consider all family member driving histories (those residing in the home) when underwriting policies. Chances are, even when both spouses have their own cars, there is a good chance that one or both of them will drive the other car at some point. Thus, you could still end up with higher rates as a result of “guilt by association.”

Decide how much coverage you need

If you think that having separate policies is the best route and want to avoid rate increases, you may have the ability to obtain a driver exclusion for your policy. This exclusion prohibits your spouse from coverage under your policy and isn’t available in all states. If you elect to go this route, be sure to remember that if they drive your car and have an accident, they aren’t covered and you will be responsible for the damages.

If both parties have excellent driving records and no recent gaps in insurance coverage, there is certainly opportunity to save money by combining the policies. This can also be positively impacted when you are insuring multiple vehicles (e.g., multi-vehicle discounts). When you are shopping for policies, look for opportunities for discounts due to multiple vehicles as well as combining other insurances such as insurance for your new home.

So, uniting two loves may or may not equal uniting two insurance policies. Take time to ask your spouse about their driving history and then spend time researching various options that the two of you have when it comes to insuring your automobiles.