Will you attract cheaper auto insurance rates by getting married? It depends! This article will show when it can help and when it wouldn’t so you can make a better decision.
Your rates will drop when you get married if the following are true…
1. It will help you save if you are less than 25 years of age. Everyone who has any business with auto insurance knows that male drivers who are less than 25 years usually pay a lot more. The reason for this high premium is that insurers have come to prove that under-25 male drivers are statistically high risks. In fact, the younger a male driver is, the higher the risk attached to insuring him all other things being equal.
However, insurers have also discovered over time that married under-25 drivers do NOT follow this high risk pattern. This makes them conclude that getting married makes this age group much more responsible. If you have had reason to observe or work with people over a reason period, you’ll agree that marriage does make most people more responsible. And, if a person becomes more responsible, it shows in every area of their lives (driving included).
2. Your spouse has a better profile and so gets a better deal from insurers. In such a case you’ll have to be the secondary driver to take advantage of this.
3. If you have more than one vehicle and so buy your policies from the same insurer. This is just another way of taking advantage of a discount known as the multi-vehicle discount. But care has to be taken because sometimes you can be better off having your different cars insured with separate insurers.
Conversely, you’ll NOT attract a cheaper rate by getting married if the following are true… …
1. You can’t take advantage of your marital status if both of you have major traffic violations on your record. You’ll have to take very active steps to remedy this. However, bear in mind that it might be a few years before the effects reflect in your rate.
2. You allow your policy to lapse. There are fewer things that have as adverse an effect on your auto insurance rate as letting it lapse. So whatever you do, make sure you never let your policy lapse.
3. Ignorance will exclude from many opportunities — This inclusive. The responsibility of getting the right information is yours so go ahead and get the details you need. Discussing with your agent is one good way to get the information you need — That is, if you have a good agent.
Who else wants to save a lot while still enjoying superior coverage? There are sites you must NOT fail to visit: cheaper auto insurance and affordable car insurance. Chimezirim has hundreds of tips on insurance savings.
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