Single life is fun, but there are so many things that you can do as a couple. I bet that some of them haven’t even crossed your mind. You might not believe it, but you can also save money together. If you’re smart about it and if you follow these five insurance tips, you and your significant other will be able to enjoy life as a couple while also taking care of your finances.
1. Saving money on car insurance
Married men pay less for car insurance than single men. It’s a well known fact. Insurance companies loved married men, because married life changes them from fast car lovers to careful, more responsible drivers. This means that the risk of them getting into an accident drops and, as a result, car insurance companies don’t have to pay as much.
Once you get married, one of the first calls you should make is to your insurance agent, to ask for a quote.
If both you and your spouse own vehicles, insure them with one single company. You will get a discount for multiple-car families. But don’t forget to shop around and ask for several quotes before deciding what company you want to go with. This is the best way to get the best price.
2. Saving money on life insurance
A two-income family has lower life insurance needs that single parents or single people who own homes with mortgages. Your spouse’s income can help reduce that financial burden, that’s why it’s so important to sit down with your insurance agent and review both of your policies after starting a life together.
3. Saving money on health insurance
If you place of employment offers group health insurance plans, it’s a lot less expensive to add your spouse to your group plan that to have two separate plans.
4. Saving money on house insurance
Going from two homes to one is often the best way to save money on house insurance. This type of insurance covers both the home and all the stuff that is in the home as well. If you and your spouse combine your stuff and get everything under one insurance, it will be cheaper than two separate insurance policies.
5. Multi-line discounts
Many insurance companies offer different types of insurance policies, from car insurance, to home insurance or boat insurance. If you use just one company to insure your home, your car, your business and your boat, that company will offer you a discount, to make sure that they keep your business. Between you and your spouse, you might have more than one car, a home as well as other insurable items. Holding all of them under one policy can get you hefty discount.
Saving money is definitely not the best part of getting married, but this doesn’t mean that you shouldn’t take advantage of all these benefits that come with it.