During a divorce, it's understandable that something as relatively minor as car insurance can be overlooked. Let us help. We'll explain how to separate your policies, coverage concerns to consider, and how divorce can affect your premium.
Removing an ex or vehicle from your policy
Divvying up the vehicles during a divorce can mean big changes for your policy. If you and your ex shared a policy and you plan on keeping it under your name, you'll want to remove your ex as a driver.
If you're an Esurance customer, you can easily remove a driver (or vehicle) by logging into your policy or calling us at 1-800-ESURANCE (1-800-378-7262).
Coverages, limits, and deductibles
After the divorce, you may find yourself in different financial circumstances. Check your car insurance coverages, including your limits and deductibles, to see if your premium is still affordable (or whether you can afford more coverages or higher limits). In general, we recommend buying as much coverage as you can comfortably afford.
Your driving needs might also change, so re-examining your policy is a good idea. If you're shopping for a new policy, keep in mind that the cheapest option may not provide the coverage you're looking for. Compare policies side-by-side to make sure you're getting the coverage you want at a price you can afford.
How divorce can affect your car insurance premium
The split is likely to affect your rate in one way or another. You might lose certain discounts (like Multi-Car or Homeowners) depending on your circumstances, but you might also pick up new ones (such as the Claim-Free discount).
Driving records are also a major pricing factor. So if your ex has a spotless driving history, your rate may rise when you remove the ex from your policy. But if you're the safer driver, you might soon be enjoying a lower rate.
The cost of vehicle-protecting coverages also corresponds to the value of the cars they're protecting. So if your ex is taking the BMW and leaving you with the minivan, your comprehensive and collision coverage should cost less.
Shopping for a new policy
If your ex is keeping the policy, call your current insurer to find out about your options. If you feel like trying a new insurer — and possibly saving some money while you're at it — grab a free Esurance quote or compare quotes online.
Just make sure your new policy kicks in before your old one lapses to avoid a gap in coverage.
Moving and your car insurance
If you're moving to a new state or town, update your garaging address with your insurer to ensure an accurate rate.
Your new ZIP Code will alter your car insurance premium, for better or worse.
If you move to an urban area with a high risk of theft, your rates might go up to account for increased risk. You might also see a rate increase if your new hometown has a greater risk of natural disasters such as hurricanes or earthquakes.
But moving can also sway your rate in the other direction. If you're heading from the city to a rural area with less crime, or to a city with good public transportation (which could help lower your annual mileage), you might see a corresponding drop in your premium.
And if you're moving to a new state, your insurance needs might change, too.
Insuring your kids
If you and your ex have driving-age kids, you'll need to decide whose policy to list them on or help them get their own policies.
If you retain custody, they'll probably need to be on your new policy since they live with you. Most insurers require all drivers in your household to be listed on your policy (unless they have their own coverage).
If you and your ex have joint custody, whichever parent garages the cars (in other words, wherever the car lives) should insure it.
To see how adding your kids can impact your policy and premium, check out our young driver FAQs.
Divorce can change everything, including your car insurance needs. But keep in mind that we're always here to help.