Reader’s Question:

I am getting married soon. Is it true that my car insurance rates would go down when I get married? How can that be? I live in New Jersey.

Ed

Clifton, NJ

Very interesting question, Ed!

Yes! Getting married will surely help you save some money on your car insurance in New Jersey. (Though I certainly hope you’re not getting married just to save a few dollars on auto insurance, huh?)

Do you have a wild guess why? It’s simply because auto insurers would see you as an entirely new and better person when you get married. Apparently, married people are much safer risks for auto insurance companies since they drive more responsibly, get fewer tickets, and much less likely to file claims as compared to the dingle drivers. You might want to send out a thank you note to your auto insurer once you get your next auto insurance premium after your wedding day!

But what is you’re already married? Can you still lower your auto insurance premiums? For starters, you can always consolidate yours and your spouse’s auto insurance policies under one company. By doing so, it is most likely that your auto insurance company would grant your reduced premium as compared to having 2 policies from different companies.
Another option is to get a multi-policy discount by finding a company that handles homeowner’s or renter’s insurance along with your auto insurance policy. This can considerably lower you auto insurance premium.

Reader’s Question:

Would it be cheaper if my girlfriend and I have a one auto insurance bill for all the vehicles that we separately own if we live together instead of separate insurance coverage with different insurance companies in Illinois?

Jim

Chicago, IL

It could be cheaper if you and your girlfriend get a multi-car policy for your household provided that you find an insurance company in Chicago, IL that permits for both of your cars to be on the same policy without you two being related or married.

If you find an insurance providers Chicago, IL that finds this insurance policy acceptable, then typically a multi-car insurance policy will be a lot cheaper than individuals that have separate policies on their own. A multi-driver or multi-vehicle discount may apply so ask the insurance company and also ask if there are any other discounts that you or your girlfriend may receive.

One of the best ways to get the cheapest priced insurance coverage is to do comparison shopping online for car insurance policies. You may start browsing individual insurance company websites to check for cheap auto insurance quote.