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Wedding Auto Insurance: 5 Advantages of Getting Insurance as a Married Couple

Updated: November 15, 2018

Getting married often comes with many financial advantages, and auto insurance is no exception to this rule.

Wedding auto insurance is something that every married couple should consider, because it can save them a lot of money.

In terms of auto insurance, being married provides couples with a number of discounts.

Sometimes couples will decide to get a joint policy that covers all of their vehicles. But it may make more sense to get separate policies in certain situations.

Separate policies are a sensible option if both spouses already own their own vehicles and are happy with their current policy.

How Does Marriage Impact an Auto Insurance Policy?

The best thing about wedding auto insurance that it is possible you are entitled to automatic discounts on your current policies. Why is this the case? Because auto insurance companies believe that married people statistically cause less accidents than single individuals.

There is also the possibility of getting a joint insurance policy that covers all the vehicles owned by the married couple.

This means married couples are entitled to immediate rate reductions from a number of major insurance providers. There is also the possibility of getting a joint insurance policy that covers all the vehicles owned by the married couple. This also presents opportunities for saving money.

However, married couples must understand that it is not always prudent to get a joint policy. There are special circumstances where it makes more sense to keep separate policies.

If you are not getting married, but you live together and fulfill the definition of a “domestic partnership,” you may be entitled to discounts from insurance companies in some parts of the United States.

It is a good idea for couples to sit down and talk about their insurance options after they get married. The sooner you act, the more you can save through discounts and other special offers.

Wedding Auto Insurance: Available Discounts

The great thing about being married is that insurance companies immediately see you as a lower risk group.

Interestingly, there are statistics that show how married individuals are half as likely to cause a car accident when compared to people who have never tied the knot.

If you get married and both spouses have good driving histories, you will see great reductions to your monthly premiums. This gives you the opportunity to get more coverage for the same price you were paying before!

Interestingly, there are statistics that show how married individuals are half as likely to cause a car accident when compared to people who have never tied the knot. This is an unusual statistic, because it is hard to determine why a married person is a safer driver, but it is a statistical fact.

If one or both spouses have existing insurance policies for other things, such as life insurance, renters’ insurance, homeowners’ insurance or health insurance, consider getting as many of these policies as possible from one company.

Getting a number of policies from one company will provide both members of a couple with huge savings on their insurance premiums. It is also more convenient to have insurance from one company, instead of having to juggle five policies from five different companies.

Get Cheap Auto Insurance as a Couple

One option available to couples who get married is to get a joint car insurance policy. This is one way for couples to save money on their auto insurance premiums.

Covering two or more vehicles with one policy automatically triggers multi-vehicle discounts with major insurance companies.

Why is it cheaper to get a joint policy in many cases? Because the policy will reflect the driving records of both individuals. If one spouse has a worse driving record than the other, getting married would bring down their cost of auto insurance.

In addition, married couples are more likely to have multiple vehicles. Covering two or more vehicles with one policy automatically triggers multi-vehicle discounts with major insurance companies.

Married couples are also likely to have renters’ or homeowners’ insurance policies. Getting these policies from the same company as your auto insurance provider brings about even greater discounts.

Two individuals who have a good driving record, no missed premium payments over the past few years and one car each can save a lot of money if they combine their policies. You will either pay less for the same level of coverage, or pay the same amount for added protection.

Different Facets of an Auto Insurance Policy

Married couples must remember that the basics of an auto insurance policy do not change when you get married. It is still important to consider the many sections of auto insurance and how they apply to your situation.

Married couples who both have newer, more expensive vehicles will want to consider a very thorough insurance policy.

While everyone wants to get a cheap auto insurance policy with very low premiums, a married couple should consider the consequences of being underinsured. This can lead to significant out of pocket expenses if you get into an accident.

Married couples who both have newer, more expensive vehicles will want to consider a very thorough insurance policy. With all the available discounts, you can easily get a policy with liability, comprehensive and collision coverage without having to pay very high premiums.

It is also important for married couples to consider their insurance deductible. This refers to the out of pocket expenses incurred when an accident takes place.

A high deductible can save you money on premiums, but it also means you are paying a lot of money if you get into an accident.

Combine or Not to Combine: Wedding Auto Insurance

It is not always suggested that couples get joint wedding auto insurance. There are some cases where keeping separate policies is the sensible financial decision.

Another case where you do not want to combine policies is when one spouse has a much more expensive vehicle than the other spouse.

For example, one spouse may have a much worse driving record than the other spouse. This will result in a higher premium for the spouse with a good driving record. Talk with an insurance agent and look objectively at whether your premiums will increase or decrease if you get a joint policy.

It may not seem romantic, but the spouse with a good driving record should not have to pay more money per month just so they can get a joint insurance policy with their new spouse.

Another case where you do not want to combine policies is when one spouse has a much more expensive vehicle than the other spouse. It is okay to combine policies in this case if you are both going to drive the expensive vehicle.

However, there is no need to get a joint policy when one spouse has a Ferrari and the other is driving a mini Ford vehicle.