The benefits of combining auto insurance with your partner.

When you think about advancing your relationship, getting auto insurance with your significant other isn’t the first thing that comes to mind.  However, this is an important step that couples should consider taking.  Here’s what to know about joint auto insurance and how it can benefit you.

  • Advantages of Joint Auto Insurance

When a couple gets joint auto insurance, they are getting a single policy to insure themselves and their vehicles.  This is a great coverage option because having a single auto insurance policy for both partners makes car coverage much easier to manage.  Additionally, securing a joint policy also unlocks significant insurance discounts.  For instance, if you and your partner each have a car, then you can unlock multi-car discounts on your joint auto policy.  If you are married to your partner, then you can secure even more savings on your joint policy with marriage discounts.  On average, switching from two separate auto policies to a single joint policy can help you save up to 25% on your car insurance.

  • Who Should Get a Joint Policy?

There are some situations in which couples should not get a joint auto policy together.  For instance, if one partner has tickets, citations, DUI/DWI charges, or at-fault accidents on their driving record, then this can cause a premium hike for the more responsible partner.  In this case, it may be cheaper for the couple to maintain their separate auto policies, so the low premiums of one partner can offset the higher cost of the other’s.  You should also think twice about getting a joint auto policy if you or your partner has poor credit.  Because bad credit can drive up the cost of auto insurance, it may be more cost-effective to keep separate policies until the person with bad credit is able to improve their score.

This is why couples should consider joint auto insurance.  Do you have additional questions about your car coverage?  If so, then contact the experts at Weaver & Associates in Arcadia, California.  We are ready to assist you with all your auto insurance needs today.