Congratulations on your marriage! Among the many things to figure out is your auto insurance. Marriage often presents opportunities to save money and simplify your coverage.
Should You Combine Policies?
In most cases, yes. Combining into one policy typically offers:
- Multi-car discount: 10-25% off when insuring multiple vehicles
- Married discount: Married couples are statistically safer drivers
- Simplified management: One bill, one renewal date, one policy to track
- Shared coverage: Both spouses covered on all vehicles
Steps to Combine Coverage
1. Compare Both Current Policies
Before deciding which policy to keep or whether to start fresh:
- List coverage levels on each policy
- Note any special discounts or benefits
- Check renewal dates and any cancellation fees
- Compare claims history on each policy
2. Get Quotes
Compare options:
- Adding your spouse to your existing policy
- Adding yourself to your spouse's policy
- Getting new quotes from other companies for combined coverage
3. Time the Transition
Ideally, combine policies when one is up for renewal to avoid cancellation fees and ensure continuous coverage.
Don't Forget
Update your name and address on your policy if either has changed. Accurate information is essential for valid coverage.
Whose Policy to Keep?
Consider keeping the policy that has:
- Longer continuous coverage history
- Better claims-free discount
- More competitive rates
- Better customer service reputation
- Loyalty discounts that would be lost if switching
Coverage Considerations
Align Coverage Levels
When combining, make sure coverage is adequate for both of you. If one spouse had minimal coverage, consider increasing to protect shared assets.
Review Liability Limits
As a married couple, your combined assets may be higher. Consider increasing liability limits to protect your household wealth.
Evaluate Each Vehicle
Each car may need different coverage levels based on value, age, and how it's used.
Special Situations
One Spouse Has a Poor Driving Record
If one spouse has accidents or violations, combining policies may increase the other's rates. Compare:
- Cost of combined policy
- Cost of maintaining separate policies
Sometimes separate policies make financial sense temporarily.
Different Last Names
You don't need the same last name to be on one policy. Just provide proof of marriage if requested.
Keeping Separate Vehicles
Even on one policy, each vehicle can have different coverage levels appropriate to its value.
Other Insurance to Consider
Marriage is a good time to review all insurance:
- Renters/Homeowners: Combine or add spouse to policy
- Umbrella: Consider umbrella liability with increased household assets
- Life insurance: Update beneficiaries
Taking time to properly combine and optimize your auto insurance as newlyweds can save money and simplify your life. Use this transition as an opportunity to ensure you're both well-protected.