Whether or not our founding father was right about marriage being the foundation of happiness or misery, it’s true that marriage can provide a foundation for your auto insurance rates.
Michael Barry, Vice President of Media Relations at the Insurance Information Institute, confirms that “auto insurers have found that married couples are less likely to file claims than single policyholders, giving an actuarial justification to offering lower rates to married drivers.”
While combining coverage with your spouse typically results in savings, if one of you has a poor insurance record, the discounts might not develop as planned. Certain insurance companies also take care to give civil unions the same discounts as marriages.
Finding and keeping a life partner can result in added perks when it comes time to pay your car insurance premium. But if you’re single, fear not: there are plenty of other ways to save on car insurance.