Should couples invest in a joint auto policy?
If you have just gotten married, then you and your new partner have several major decisions to make. For instance, you will have to make some decisions when it comes to your
auto insurance in Los Angeles, California. Specifically, you have to
decide if you should combine your auto insurance into a single policy. Before you decide, here are some of the things that you should consider.
Your Current Rates Will Likely Drop
Usually, simply changing your status from ‘single’ to ‘married’ will result in a reduction of your auto rates. This is because insurance providers consider married drivers less risky to insure than single drivers. So, even if you and your partner decide not to get a joint policy, you will still save on your auto insurance.
Combine to Save
That being said, investing in a joint auto policy will result in the most significant savings. This is because you and your partner will be splitting one premium instead of having to pay two separate ones. Additionally, having multiple drivers and cars on a single policy can help you unlock additional auto insurance discounts.
When You Shouldn’t Combine
There are some cases in which couples should not get a joint auto policy. For instance, if one partner has particularly low credit or a bad driving record, then combining auto coverage will result in increased premiums for the other partner. Rather than getting a joint policy, you should keep your individual policies so the low cost of one partner’s insurance can offset the expense of the higher risk driver’s.
These are some of the things that newlyweds should consider before deciding to combine their auto coverage. Do you have additional questions regarding your
auto insurance in Los Angeles, California? Then contact the experts at Fuller Insurance Agency in Southern California for assistance today.
