Is Car Insurance Cheaper If Married?

Comments

2 responses to “Is Car Insurance Cheaper If Married?”

1. 

   February 2, 2015

   David Pipes CLU. RICP

   Each state insurance commissioner has jurisdiction over the manner in which auto insurance rates are determined. In California the state constitution has been amended to limit the rating factors. Marital status is not one of the factors considered in California. In other states, marital status is considered. Check with your state insurance commissioner to determine how it is handled in your state.
2. 

   January 31, 2015

   Terry McCarthy, CLU, ChFC

   In the three states I operate within the answer is an easy YES. Some states have enacted “essential insurance” laws to minimize or eliminate differences in rates based upon sex for youthful drivers. However, marriage is a long understood marker of stability and companies once used similar indicators to give underwriting guidance to an application.