Should you and your new spouse get a joint auto policy?
After you get married, there are a lot of new decisions that you will have to make as a couple. One of the main decisions you will have to make is whether to get a joint auto insurance policy with your spouse. Not sure how you should make this decision? Here’s what you need to know about marriage and your car insurance.
How Does Marriage Affect My Car Insurance?
When determining your insurance premiums, car insurance companies take into account several factors. For instance, they will consider the make and model of your car, the state you live in, and your individual risk as a driver. Normally, adding a spouse to your policy will actually reduce your rates because, as a married individual, you are now seen as a lower-risk driver. However, before you simply add your spouse to your policy, there are some other factors to consider. For instance:
- Driving Records
Before adding your spouse to your policy, make sure that you compare driving records. If one person has a history of numerous traffic tickets or claims, this could prevent the other driver from getting discounts. If this is the case, it might be more cost-effective to keep separate auto policies.
Another reason why you might want to keep a separate policy from your spouse is the kind of vehicle they drive. If your spouse drives a “high-risk” vehicle such as a sports car, this could cause your insurance rates to spike. Consider how your spouse’s vehicle will affect your premiums before committing to a joint policy.
These are some of the important things to consider before getting a joint auto insurance policy with your spouse. Curious to learn more about how marriage can affect your personal insurance policies? Don’t hesitate to contact us at John Scott Insurance. Our dedicated professionals are eager to assist you with all your coverage needs today.