When you’re planning a wedding, auto insurance is probably the furthest thing from your mind. But combining your lives can have unexpected results, potentially reducing your rates or driving up your costs as a married couple. Understanding how tying the knot can impact your auto insurance rates will help you decide whether you should share coverage or maintain separate policies.

How Marriage Affects Auto Insurance Policies

When Getting Married May Reduce Rates

Auto insurance premiums are based on risk, so insurance companies collect reams of data, which they use to predict a driver’s likelihood of causing an accident. According to numerous studies, married drivers are involved in half as many accidents as those who’ve never been wed. If you and your new spouse have fairly good credit and clean driving records, getting married might actually lead to reduced rates when you combine your policies.

When Marriage May Drive Up Your Costs

In some cases, getting married may not be enough to offset certain risks. For instance, if your new spouse has a spotty driving record—such as one that includes a DUI or several accidents—insurance companies might consider them a high-risk driver, which usually comes with higher costs.

A poor credit history can also increase the price of coverage, and the vehicle you drive also plays a part. If your new spouse drives an expensive classic or a pricey sports car, combining your auto insurance policies may cost more than maintaining individual coverage. In these cases, speaking to an independent agent before deciding how to arrange your auto insurance could save hundreds of dollars per year. 

If your new spouse’s driving record is less than perfect, trust the agents at 1st Choice Insurance to help you find the best coverage available at the lowest possible price. They insure drivers throughout the Greater Cincinnati Area have access to high-quality auto insurance, working with a range of carriers to ensure no one is turned away. Visit their website now for an overview of their services, or call (513) 860-0666 to request a free quote today.