Does getting married save you money on auto insurance? Read on for useful tips on how you can find cheap insurance when you combine coverages with your spouse.
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Does saying “I do” make you a better driver? According to recent research, married individuals get into less accidents than those who aren’t. Maybe it’s because two minds and hearts are greater than one.
So while you’re busy merging things like your bank accounts, furniture, closets, etc. don’t forget to merge your auto insurance policies to unlock special discounts for married couples.
You can use the money you save for the honeymoon.
You may think that rewarding married couples with cheaper premiums is biased, however there are facts to support the claim that they are safer drivers.
The National Institute of Health found that drivers who had never been married were twice as likely to be in an accident than married individuals.
If you and your spouse or domestic partner have compatible auto insurance policies, you’ll be able to unlock some serious savings if you merge them into one policy.
Compatibility of insurance policies depends on factors like your driving records, credit scores, vehicles, and mileage.
Although same-sex marriage has been legal nationwide as of June 2015, some states still offer benefits for domestic partnerships, whether they’re same sex couples or not.
The states that currently offer domestic partnerships or civil unions are California, D.C., Nevada, Oregon, Washington state, Colorado, Hawaii, Illinois, and New Jersey.
In states where these partnerships are in place, car insurance providers can offer married rates and discounts to domestic partners and other LGBT civil unions.
Insurance company websites usually give you the option to select a marital status of “married” or “domestic partnership” when shopping for quotes and apply the appropriate rates accordingly.
Unfortunately, a few states in the U.S. don’t allow marital status to affect rates at all, so even domestic partners can’t receive a reduced rate.
Although your current insurance provider may offer you a discount for tying the knot, you should still shop around for other car insurance quotes if you’re concerned about finding the cheapest one.
Comparing insurance companies’ prices, coverage options, discounts, features and customer service allows you to make an educated decision on which provider would best for you and yours.