Does Getting Married Have an Impact on Your Auto Insurance Rates?

Your wedding day is one of the biggest days in your life. You are making a pledge to be with someone for the rest of your life. But after getting married, the happy couple may find themselves busy combining their lives together. The bride may change her name with social security and with her local DMV. And the couple may change their life insurance policies and bank account information. If you have recently gotten married, a trip to your auto insurer may also be warranted following the wedding.

After getting married, you and your spouse may want to combine your auto insurance policies, if you have not already done so. Adding two cars to one insurance policies, rather than having separate policies for each car, is often cheaper. In addition to combing your auto insurance policies and starting one together, both you and your spouse may be eligible for a married couple discount. Many people do not realize that married individuals pay a bit less for auto insurance than those with similar cars and driving records who are single. You may find yourself wondering why this is.

Plain and simply, studies have shown that those who are married are less likely to get in an automobile accident than those who are single. As such, your risk factors are lower when you are married. The auto insurance company can then pass along a discount your way thanks to your reduced risk factors.

If you are looking to save some money on your auto insurance policy, Mid Atlantic Insurance Financial, serving the greater Laurel, MD area, can help. You offer fair and reasonable rates and will let you know what discounts you may qualify for. To get a price quote, give us a call now.