How Marriage or Divorce Impacts Your Auto Insurance Rates

Life changes such as marriage or divorce can significantly impact various aspects of one’s life, including auto insurance rates.

When you get married, you may see a reduction in your auto insurance rates. Insurance companies often view married couples as having a lower risk than single drivers. Combining policies with your spouse can also lead to multi-car discounts and other savings. Insuring multiple vehicles under one policy allows you to take advantage of these discounts and potentially lower your overall premiums.

Divorce can lead to changes in your auto insurance rates as well. When you separate from your spouse, update your insurance policies to reflect your new status. This may involve removing your ex-spouse from your policy and potentially losing any multi-car or multi-policy discounts you previously enjoyed. As a result, your premiums may increase.

It’s also worth noting that your driving record is crucial in determining your auto insurance rates. If you or your spouse have a history of accidents or traffic violations, this can affect your premiums. When you get married, your insurance company will consider both driving records when calculating your rates. Similarly, your driving record will be reassessed after a divorce, which could lead to changes in your premiums.

Contact Your Agent to Change Your Coverage

Work with your agent to navigate these changes and ensure you have the best coverage for your situation. They can provide personalized advice, help you understand how marriage or divorce impacts your auto insurance rates, and guide you in making any necessary adjustments to your policy.

Contact World of Insurance LLC for more information and to discuss your specific needs. Reviewing your coverage and understanding the factors influencing your premiums can lead to better protection and potential savings.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.