Marriage impacts everything from your living arrangement to your taxes to your action-figure collection. But what might surprise you is that this milestone affects car insurance too. We'll explain your options and what may happen to your auto policy after you tie the knot.
marriage and car insurance savings
Did you know married people get into fewer accidents than their unmarried counterparts? In the world of car insurance, safer driving typically translates to lower rates. So if you recently tied the knot, contact your insurer to see if your newlywed status qualifies you for some savings. You might be pleasantly surprised!
combining car insurance policies with your spouse
Many insurers, including Esurance, may offer reduced rates after 2 drivers join forces.
When to combine your car insurance policies
If you and your spouse have stellar driving records and no recent gaps in coverage, chances are you'll save more overall by combining policies than by keeping individual ones. And don't forget one more reason to combine: insuring multiple vehicles on the same policy could score you nifty car insurance discounts like the Multi-Car discount from Esurance.
So while reveling in post-honeymoon bliss, take a minute to sit down with your love muffin and review each of your policies. If you have different insurers and don't know whose to stick with after combining (or you're looking to shop for a new provider), compare car insurance quotes to see which offers the coverage you need at the best price.
Domestic partners and Esurance
Did you know Esurance offers the married rate to domestic partners in most states? When you get your quote, select "domestic partner" as your marital status.
keeping car insurance policies separate
Though merging car insurance policies makes sense in many cases, there are instances when you might each want to keep your own.
When not to combine policies
If one of you has a poor driving record, separate policies could end up costing you less. Combining a low-risk driver's policy with a high-risk driver's will likely increase the low-risk driver's car insurance rates, although the total cost for both could still be lower because of other factors like a multi-car discount, for example.
If you're married to someone who frequently incurs moving violations or has had numerous claims (nobody's perfect!), your premium could increase even if you choose to keep your policies separate. Why? Because insurance companies consider the driving histories of all family members living within the same household when underwriting policies, having a high-risk driver under your roof makes you riskier by association.
After all, even if your spouse owns a separate vehicle and rarely drives yours, there may be instances when he or she might need to. And since car insurance follows the car, your policy would have to cover the damage if your spouse has an accident in your vehicle.
One other situation where separate policies might make sense is if your spouse's ride is an expensive one — a Corvette or a Jaguar, for example — especially if it's driven infrequently.
Excluding your spouse from your car insurance
If you'd still like separate car insurance but want to avoid a rate increase, you might want to consider adding a driver exclusion to your policy that prohibits your partner from being covered under your policy. Driver exclusions are available in some states and not in others.
Remember, though, once you exclude your spouse, he or she will not be covered while driving your vehicle under any circumstances. So if your partner borrows your ride and has an accident, you would be responsible for all damages.
tying the policy knot (or not)
As you can see, marriage not only unites 2 hearts, it generally marries 2 insurance policies as well. If you recently got hitched, contact your insurer to find out how your new union affects your rates, whether you need to add or exclude your spouse, and more.
If you're an Esurance policyholder, you can contact us at 1-800-ESURANCE (1-800-378-7262). Or get a free, online car insurance quote to see just what your combined policy will cost.
Car insurance for domestic partners
Not legally married? Esurance makes it possible for registered domestic partners and those in civil unions to marry their car insurance policies and save.
Find out how to add or delete a driver and get more info on how to manage your Esurance policy.
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