Insurance Rates Married Vs Single
Your marital status could influence your car insurance rates.
Insurance rates married vs single. Since so many factors affect rates there isn t one clear cut figure for exactly how much married couples save on car insurance but rates do tend to be lower than for single people. Married couples pay less for car insurance than single drivers because insurance companies consider married couples less risky. Compare car insurance rates online by entering your zip code into our free tool below. If you just got married you should call your insurance company because you might get a discount.
The study also found that premiums for single separated and divorced drivers were almost always higher than the premiums of their married peers with similar other characteristics and driving records across several age brackets. The average difference between the quoted rates for these two groups was approximately 14 5 percent. By the time a person reaches their 30s the difference between being married and single is about 2. Age is also a factor in car insurance rates both for married and single persons.
There are some other rating factors that make married drivers cheaper to insure. Thus each driver files fewer claims and presents less risk to an insurance provider. The average difference between the quoted rates for these two groups was approximately 14 5 percent. Insurance rates for married couples may be lowered by insurance companies under the theory that married people are typically more mature and responsible and are less likely to drive recklessly.
However as the studies suggest the older a person is the less likely that being married will affect their rates. For instance once a single person is 25 or older their rates are less than 10 percent higher than that of married persons of the same age. Statistically single people particularly male receive more speeding tickets. Generally a single woman in this age group will pay as much as 28 percent more than a married woman in the same age group.
Car insurance for married vs. On average a married driver pays 160 less per year for car insurance than does a single unmarried driver. While being married doesn t necessarily make you a better driver historical data show married couples are more likely to share driving responsibilities than single people. In general a married couple will receive lower insurance rates than single individuals.
Generally married couples get a lower car insurance rate than people who are single. Again because insurance companies keep premium calculations proprietary it s difficult to demonstrate precisely how marriage affects car insurance. However of all the cities tested oakland california varied the least with geico quoting 388 annually for a married individual and a slightly higher 478 for single separated or divorced drivers. The study also found that premiums for single separated and divorced drivers were almost always higher than the premiums of their married peers with similar other characteristics and driving records across several age brackets.
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