Should You Get a Joint Auto Policy with Your New Spouse?, deciding to combine auto coverage with your partner

Should You Get a Joint Auto Policy with Your New Spouse?

Consider this before deciding to combine auto coverage with your partner.

If you’ve just gotten married, then you and your spouse have a lot of major life decisions that you need to make. One thing you need to decide is whether you should keep your individual auto insurance policies or get a joint one. Here are some of the things you should consider before deciding to combine auto coverage with your partner.

Married Couples Have Lower Car Insurance Rates

Did you know that simply changing your status from “single” to “married” can actually result in a reduction of your auto insurance rates? This is because insurance providers consider married drivers to be less risky to insure than single drivers. So, even if you do not choose to invest in a joint policy, you and your spouse will likely enjoy discounts on your individual auto policies anyway.

Combine to Save

That being said, combining your auto coverage into a single policy is usually a great way to save on your insurance. When you only have to pay one joint premium instead of two individual ones, you are almost guaranteed to save. Additionally, having a joint policy can unlock multi-driver and multi-car discounts, which will help you save even more on your insurance.

Combining Isn’t Right for Every Couple

There are some cases in which combining your auto insurance with your spouse’s is a bad idea. For instance, if one of you has a particularly poor credit score or driving record, this could mean that your joint insurance rates are extremely high. In this case, it’s better to keep your policies separate, as the low cost of one driver’s insurance can offset the expense of the higher-risk driver’s.

These are some of the things you should consider before deciding to combine auto coverage with your partner. Do you have further questions regarding your auto insurance? Don’t hesitate to contact the team at at Tri-Star Insurance/HUB International in Plano, Texas for assistance today.

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