Cars Insurance
Saving Money With Marriage and Car Insurance
September 14, 2011 | 
Author Saving Money With Marriage and Car Insurance
Does Marriage Matter Anymore?
The age old rule for car insurance quotes is there are two major life changes which can lower your rate: getting married and turning 25. These are both said to indicate a higher level of responsibility and therefore, a lower probability that you’ll have an accident. But do all car insurance companies abide by these golden rules?
All car insurance companies will ask for your date of birth when you are receiving quotes, but a surprising number of them do not even ask your marital status. How can you receive a discount for something they never even ask for? With these companies, the discount comes in the form of a multi-vehicle discount. This means that once you and your spouse combine your vehicle policies into one, you may receive a small discount for having two or more vehicles on one policy.
Multi-Vehicle vs. Marriage Discounts
But does a multi-vehicle discount compare to the savings of a marriage discount? Really, that depends on your personal situation. The age of you and your spouse, how many tickets or accidents you have between you, and how long each of you has had car insurance all factor in to your overall quote. In most cases, a couple over the age of 25 with a clean driving record and at least three years of uninterrupted coverage, can save as much as 50% once they are married. The average savings for that same couple who only receives the multi-vehicle discount is about 25-30%.
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A couple who is under 25 and has a few accidents, tickets, and a break or two in coverage in their history may not save much at all with a marriage discount. The discount for a multi-vehicle policy will still be about the same, though, so it may be in their best interest to go with that until the blemishes clear off their records. Car insurance companies always look at the big picture when delivering a quote, and marriage is only a small part of that big picture.
Shopping Around
If marriage is in your near future, or recent past, it may be a good idea to shop around for insurance. The company that either you or your spouse is currently with may not be the best option anymore, as switching to a new car insurance company may save you more money.
The largest factors to look at when deciding which company to go with is what is the average savings for a multi-vehicle policy versus what is the average discount for a married couple. Remember that in some cases, you may even be able to stack up these car insurance discounts for maximum savings!
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Saving Money With Marriage and Car Insurance
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The Effect of Speeding Tickets On Your Car Insurance Rates
The Effect of Speeding Tickets On Your Car Insurance Rates
Drivers who have excellent driving records can easily obtain car insurance quotes at the lowest possible rates. However, if a driver gets a speeding ticket, car insurance costs could go up several hundred dollars a year for three to five years, depending on how long state law requires the ticket to stay on the driver’s record.
A Driver’s First Speeding Ticket And The Affect On Auto Insurance
Even if this is the driver’s first speeding ticket, the car insurance rate may be raised by the insurance company. This rate increase is based on studies done by two insurance industry research groups, the Insurance Institute for Highway Safety and the Highway Loss Data Institute. These groups have found that drivers with one or more speeding tickets have a fifty percent higher chance of causing an accident. Some insurance companies may be lenient with a long time customer and forgive the first speeding ticket if the violation is minor.
The Type of Speeding Ticket Makes a Difference
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The insurance company will look at the type of speeding ticket incurred by a customer and decide if it is a severe violation. Under the laws of most states, severe speeding violations include those occurring in a school zone and those occurring in a construction zone. A speeding ticket may also be called reckless driving if a driver exceeds ninety miles per hour or exceeds the posted speed limit by more than fifteen miles an hour. The excessive speed limit for reckless driving is established by state law.
Most insurance companies will raise a driver’s car insurance rates for any of these offenses. Rates will also be raised if an accident was caused by the speeding driver. Rates for other types of insurance, such as life and health, could also go up because the driver is viewed as a high risk.
Ways to Make the Ticket Disappear
Speeding tickets in many states can be dismissed if the driver takes a traffic school safety course, which can be completed in person or online. The driver will still be required to pay the fine for the speeding ticket, but the ticket will not appear on the driver’s record. Speeding tickets can also be fought in court, but the outcome of a court decision may not be in the driver’s favor.
Always Shop Around for a Better Rate
The car insurance business is very competitive, and even drivers with poor driving records can save money by comparing quotes from several companies. The best way to keep the cost of car insurance low is to avoid speeding tickets and other moving violations.
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The Effect of Speeding Tickets On Your Car Insurance Rates