Do Married Couples Get Cheaper Car Insurance

Does Marriage Reduce Car Insurance Premiums?

The marriage penalty is a term used to describe the extra taxes married couples pay, but did you know that married couples may also benefit from discounts when it comes to car insurance? It’s true! Married couples often enjoy lower car insurance premiums compared to single policyholders. There are a few different reasons why married couples may be able to save money on auto insurance.

Married Couples Are Generally Safer Drivers

Insurance companies rely on statistics in order to calculate the risk of offering coverage to a particular policyholder. In most cases, married couples are considered to be safer drivers than single folks. This is because married couples tend to be more responsible and reliable than single drivers. Insurance companies recognize this fact and reward married couples with lower car insurance premiums. Therefore, if you’re married, you may be able to save money on car insurance.

Married Couples Also Have Access To Multi-Car Discounts

Married couples may also benefit from multi-car discounts. Most insurance companies offer discounts to policyholders who insure more than one vehicle on the same policy. So, if you and your spouse both drive, you may be able to qualify for a multi-car discount. In some cases, this discount can be as much as 10-25%. Therefore, you may be able to save a considerable amount of money on car insurance by insuring both of your vehicles on one policy.

Married Couples May Also Qualify For Other Discounts

In addition to multi-car discounts, married couples may also qualify for other discounts. For example, some insurance companies offer discounts to policyholders who have been married for a certain number of years. Other companies offer discounts to policyholders who have a clean driving record or who have taken a driver education course. Therefore, it’s worth checking with your insurance company to see if you qualify for any additional discounts.

Shop Around For The Best Rates

Even if you and your spouse are married, it’s still important to shop around for the best rates. Different insurance companies offer different types of discounts and coverage options. Therefore, it’s important to compare quotes from several different companies in order to make sure you’re getting the best deal. You may also want to consider raising your deductible in order to lower your premiums. In some cases, this can make a big difference in the amount of money you pay for car insurance.

In Conclusion

Married couples often enjoy lower car insurance premiums than single policyholders, due to the fact that they are generally considered to be safer drivers. In addition, married couples may qualify for multi-car discounts and other types of discounts. Therefore, if you’re married, it’s worth checking with your insurance company to see if you can save money on car insurance. Finally, it’s important to shop around in order to make sure you’re getting the best rates.