Tying the knot is an exciting time in your life. As you start a new chapter in your life, there are many of decisions to be made as a married couple. Together, you must decide where to live, how to manage your finances, how to raise children, and whether or not to combine your insurance policies. While it makes sense to combine most of your insurance polices, you may want to hold off on combining your auto policies. Check out what you should consider when looking to combine your car insurance after marriage.
When to combine policies:
Combining your policies has its perks. It’s convenient to keep track of one combined policy than having to remember to pay two separate bills each month. Plus, you may even save a little bit of money. Statistics show that married individuals tend to be more cautious drivers than those who are unmarried. Because of their safer driving habits, they also tend to have lower insurance rates. If you both have great driving records, it makes sense to combine your policies.
When to leave your polices separate:
There are certain circumstances where it makes more sense to leave your policies separate. It may be more costly to combine policies if one of you has a couple speeding tickets. Insurance rates are based on risk. The more reckless your driving habits, the higher your rates. When you combine policies, you increase the rates for both individuals even if your spouse has a perfect driving record. Before you decide to combine your policies, be sure to run all the numbers.
Before you combine your car insurance in Frisco, TX, be sure to consult with an expert. Contact Mike Leonard Insurance Agency in North Texas. We’ll work to get you the right coverage from our carriers Kemper, MetLife, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance so you can rest easy with great protection.