Car insurance for married couples is often cheaper than when compared to car insurance for single drivers. Still, it’s important to compare rates and find the best policy for you and your spouse.
How Much is Car Insurance for Married Couples?
The cost of car insurance for married couples will vary, depending on many factors, including:
- Driving history
- Credit score
- Number of miles driven
Auto insurance companies also factor in each of these characteristics differently. For example, one insurance company may weigh the driver’s record more heavily than his or her location when determining rates. However, most do offer cheaper rates for drivers who are married. Depending on your provider, you may need to request this discount.
According to The Zebra, the average rate of insurance for married couples is $1,116 for a six-month insurance policy. This is about $89 less than the average policy for a single driver.
Why Should Married Couples Get Car Insurance?
With so many insurance policies, why should married couple’s get car insurance? Combining your policy with your spouse’s offers many benefits, including:
- Discount eligibility: Having two drivers on the same policy increases the chances that you will be eligible for discounts. If both spouses have a vehicle on the policy, then you may be eligible for a multi-vehicle discount.
- Cheaper rates: In addition to discount eligibility, the average auto insurance rate for married drivers is less because they are usually very responsible drivers.
- Convenient: It can also be more convenient to have both your and your spouse’s insurance policy with the same provider. This will make it easy to pay your bills on time or file a claim if needed.
According to the Balance, insurance companies consider married drivers to be safer drivers than their single counterparts. Single drivers are more likely to drive recklessly and get into an accident, but this isn’t the only reason that married drivers get better auto insurance rates.
Married drivers are also more likely to be homeowners and buy life insurance. Bundling these policies together is usually more convenient than taking out a policy for each one. Insurance companies assume that if they issue a convenient and affordable auto insurance policy to a married couple that they are more likely to also take out a homeowners and life insurance policy with them.
However, you should always compare rates each time you need a new policy. If you are getting married or buying a house, it is important to always compare quotes among providers.
When Should Married Couples Not Get Joint Car Insurance?
Combining your auto insurance policy with your spouse will usually help you get a discount. but there are a few situations in which it may be more cost-effective to keep your policies separate:
- Driving record: If one driver has a bad driving record, it might not be worth it to combine policies.
- Credit score: If one driver has poor credit, it could lead to increased insurance rates for both.
- Luxury vehicles: Luxury or classic cars can be expensive to insure. If one driver wants to insure either of these, the increases in insurance may not be worth combining policies.
If one driver has a bad driving record or poor credit, it can increase his or her spouse’s insurance rate. The reverse is also true: having a good driving record or good credit can reduce his or her spouse’s insurance rate. It’s important to compare quotes among providers to determine whether combining policies makes sense financially for you and your spouse.
If you share vehicles, you may be required to combine policies. However, if the combined insurance rate is too high, you shouldn’t drive your spouse’s vehicle because you might not be covered. If you and your spouse decide to keep your policies separate, it’s important to understand the obligations and requirements of each policy.
What is the Best Car Insurance for Married Couples?
The best car insurance for married couples will vary, depending on many factors, including each driver’s record and credit score. The Zebra lists the following insurance companies as affordable providers for married couples:
- Geico: Average six-month rate of $648
- Progressive: Average six-month rate of $746
- Liberty Mutual: Average six-month rate of $1078
- State Farm: Average six-month rate of $1966
- Allstate: Average six-month rate of $1137
USAA is also a good option for active military members and their families. While this insurance policy is only available to military members, it often offers the best rates, even for married couples. Liberty Mutual also offers alumni program discounts and will offer better rates to graduates of certain colleges and universities.
If you’re not currently receiving a discount for being married, there are steps you can take to lower your rate. Check with your provider to see if they offer a discount to married couples. It may or may not already be included in your rate. It’s also a good idea to check if you are receiving a multi-vehicle discount if you and your spouse both own a vehicle.
A multi-policy discount may also be available if you also own or rent a home, or if you have another type of insurance like boat or motorcycle insurance. Many insurance providers also offer discounts for policyholders who pay their premiums in full. While it may be tempting to break your premium into monthly payments, you will usually pay more per month for doing this.
You might also get a better rate for setting up automatic payments, buying your auto insurance policy in advance, and shopping around. Shopping around involves collecting quotes from multiple providers and comparing premiums, in addition to the available coverages. You should compare quotes among a dozen or more providers to ensure you get the best rate possible.
Find the best car insurance for married couples by comparing quotes with the policy you already have. You may also need to factor in each spouse’s driving record and credit score to determine how these factors will affect your insurance rates.
Check this out if you need additional information, resources, or guidance on car insurance.
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