Car Insurance Rules for Married Couples

January 27, 2012

As a married couple there are some basic car insurance rules of which you should be aware. They are rules not in the sense that you are required to follow them any more than a single person, but that they can be beneficial to married couples if they so choose. In that sense, they are better thought of as a good choice. Among the benefits of marriage, car insurance discounts reduce the cost of premiums.

Insurance companies spend a lot of money researching relationships between certain actions and risk. They have found that married couples are, in general, safer drivers and less likely to get into an accident and make a claim on their insurance. This allows them to lower premiums and give discounts to married couples. If you are married and have not looked into your different auto insurance options, it is well past time because you could be missing out on savings.

Check Your Histories

Before you sync up your auto insurance policy, you may want to look over you and your spouse's driving history. If one of you has a spotty history with many tickets, accidents or claims, it is going to affect your policy together. A poor driving history could preclude any discounts you would be eligible for by purchasing joint coverage. If this is the case, you may want to stick with individual coverage.

Different Coverage Needs

Another reason to stay with separate policies is if one of you drives a high performance or otherwise high risk vehicle like a sports car. This, combined with a poor driving record, will probably raise your premium even if you personally drive a minivan and have never had a ticket in your life. The point is, evaluate your situation before you commit to joint coverage.

The Rule of the Benefits

There are several ways to benefit from being married and purchasing a joint policy. Firstly, married couples are deemed a lower risk which immediately lowers your premium. You are then considered a less active driver than if you were single. The fact that you may be insuring multiple vehicles provides you with another discount. If you are sharing one car but can afford it, purchase another to enjoy the discount. Because the insurance company factors in the neighborhood in which you live when setting a price, make it a priority to move to a safer area if you are not already. One of the joint aspirations of married couples is to purchase a beautiful home in a nice neighborhood, so this aligns nicely with the potential of an insurance benefit.

Laying out the rules for married couples when choosing auto insurance is not complicated--the two of you simply have to evaluate your past, present and future. That may be no easy task, but take it one step at a time. Consider your driving histories, your present insurance needs and where you want to be in 5, 10 or 20 years. Granted, it encompasses more than just car insurance, but that, like everything, is an integral part. Seek out some helpful car insurance information for yourself before deciding on any course of action, and you will be able to make the right choices for your joint situation.