| Automobile Insurance -- Can Getting Married Qualify You For Cheaper Rates? |
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| Written by Chimezirim Odimba |
| Thursday, 01 April 2010 11:36 |
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Will your auto insurance rates drop if you get married? You may or may NOT depending on a number of things. We'll go through this in details showing you when it will help you save and when it won't...
Will you attract cheaper rates by getting married? The answer is YES and NO! This article will show when it can help and when it wouldn't so you can make better decisions... You'll attract a cheaper rate by getting married if the following are true... 1. You're under 25 years of age. Everyone who has any business with auto insurance knows that male drivers who are less than 25 years usually pay a lot more. Why is this so? Insurers claim that statistics show that this profile is a very high risk. The younger they are, the higher the risks they've been found to be. However, insurers have also discovered over time that married under-25 drivers do NOT follow this high risk pattern. So they conclude that marriage must have a sobering or civilizing effect on these young drivers. If you have had reason to observe or work with people over a reason period, you'll agree that marriage does make most people more responsible. And, if a person becomes more responsible, it shows in every area of their lives (driving included). 2. If your spouse belongs to a low risk profile. In such a case you'll have to be the secondary driver to take advantage of this. 3. You have a number of vehicles and are ready to insure them with the same provider. This is what is referred to as a multi-vehicle discount. Even though this brings savings in most cases, it does NOT in some cases and so you'll do well to check first. On the other hand, your rates will NOT be affected positively when you get married if the following are true... ... 1. You and your spouse both have a DUI on your record. There are people who can help you through this situation. However, bear in mind that it might be a few years before the effects reflect in your rate. 2. You allow your policy to lapse. There are fewer things that have as adverse an effect on your auto insurance rate as letting it lapse. So matter how tough things get, your auto insurance policy is NOT what you can drop because of the grave consequences down the road. 3. You can't take advantage of something you don't understand so lack of adequate information can make you miss out on this. It's your responsibility to discover all the ways you can enjoy savings. Just a little research online will reveal a lot of tips you can take advantage of. So, go ahead and take advantage of the internet. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Are keen on enjoying complete coverage at very cheap rates? Then you have to visit cheaper auto insurance and affordable car insurance. Chimezirim has written thousands of articles that have helped a lot of folks save on insurance. |