There are so many different factors that can affect the amount you pay for insurance coverage on your vehicle, but did you know that getting married and having a child are things that can help you save money on your auto insurance? Here are several things you should know about the effects marriage and becoming a parent can have on your auto insurance rates.
Married drivers are safer drivers
According to statistical information, people who are married are safer drivers. This means that people who are married are less likely to engage in high-risk activities while driving, and this means they are less likely to get tickets or get involved in accidents. Because married people are less risky, insurance companies offer lower rates for their auto insurance coverage.
Once you get married, you should contact your insurance company to let them know you are no longer single. When you do this, your premiums might drop.
The reason for this is simple. Insurance companies base premiums on risk levels. Any factors that put you in a lower-risk category will cause your insurance rates to drop. Getting married is just one factor that can affect rates, but having a child is another.
Parents are safer drivers
Insurance companies also offer discounts to people who have children, and this is also because people with kids are also safer drivers. Statistically, people with children are less likely to get in accidents. One reason for this might be due to the fact that people tend to drive safer when children are in the vehicle. Safer driving means slower and more cautious driving, and this can result in fewer accidents.
Married couples can bundle their insurance
Another factor to consider is the effect of bundling insurance. When you get married, you and your spouse can combine your auto insurance coverages into one policy through one insurance company. This is something that is called bundling, and many insurance companies offer lower rates for policyholders when they bundle their insurance policies.
You may want to compare the amount each of you pay individually to the amount you would pay if you bundled the policies, and you can choose whichever route is the most affordable.
If you have gone through any life changes like getting married or having a child, you should call for an auto insurance quote. The changes that occurred in your life might make you eligible for discounts.