Policygenius content follows rigorous guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money. Updated December 2, 2020 : so you ’ ve taken the steep and gotten married. Congratulations ! possibly you ’ re opening joint accounts or signing a mortgage together. Or possibly you ’ ve chosen to keep your finances separate ( here ‘s why that may not be the best mind ). Either way, keep in mind there are some ways in which your fiscal lives are now inextricably linked, and that includes your car policy coverage .finance your future cta art Get your finances right, one money move at a time. Sign up for our free ebook.

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Do I need to put my spouse on my car insurance?

Yep. Your spouse is going to have to be added to your cable car policy policy, whether they drive the vehicle or not. That may seem like no big deal, and for many folks it isn ’ metric ton, but if your spouse has a less-than-stellar credit score or drive commemorate, could result in an increase in your premiums ? Yep again. Those three speeding tickets your new conserve got over the last few years are probably going to make your premiums go up. same goes for that credit tease he let go to collections back in college ( we ’ re talking insurance rates, hera. Unless you happened to co-sign for that credit card, it won ’ metric ton appear on your credit rating report ). Why in the world would you have to pay for his mistakes ? To answer that question, check out how you ( or your spouse ‘s ) accredit score can affect your insurance. We talked with Loretta Worters with the Insurance Information Institute to get the lowdown on why you have to include your spouse on your car indemnity policy .

Same household, same car insurance

“ If your spouse drives, you must have them on your policy, ” Worters explained. It ’ s normally a simple as that, truly. “ If your spouse has bad credit or a bad drive record, it will affect your indemnity rate, ” Worters explained. “ a hanker as your spouse lives in the same family and is associated with you, you will continue to pay higher rates. If you are separated and no longer in the house, you can take them off your policy. ” however, as with most rules, there ’ s a catch .

The exception to the rule

It is possible for you to list your spouse as an eject driver on your policy policy and avoid any premium demote. You ’ ll have to ask your insurance company if that ’ s possible. Some will say OK ; others will not. ( here ‘s a look at some of the best car insurance companies. ) If they do, your spouse ’ mho credit rating and drive record won ’ thymine be considered in determining your premiums.

But – and this is a adult but – if they ever do drive your cable car and are in an accident, chances are your insurance company will refuse to cover the claim. therefore if there ’ s any possibility at all your spouse will ever be behind the rack of your car, it ’ mho probably wise to buck up and pay the higher premiums. Chances are, that ’ s cheaper than paying for the damages and possible injuries caused by an accident .

Choosing your best option

Choosing the right indemnity coverage international relations and security network ’ metric ton constantly a dim-witted undertaking, particularly when you get thrown a curveball like your spouse ’ s past offenses increasing your premiums. That ’ second why it ’ sulfur always a good bet to compare policy coverages. Policygenius can actually help you compare car indemnity quotes across carriers here. besides keep in judgment that, while your premiums may go up, they could potentially be offset through a multi-car discount if you insure both of your vehicles with the like party. Add your homeowners or renters policy to the bundle and you ’ ll see even more savings. here ‘s a primer on bundling to get you started. Bundling your policies together comes with early benefits as well. One, you don ’ t have to track multiple policies with different carriers and remember all of those reclamation dates and payments ( if you don ’ t have automatic payments set up ). Two, your insurance agent can more easily see any gaps in coverage that you may have if all of your risks are insured with them. And last, you ’ ll likely be more valuable to your insurance company. That means that, in the event of multiple claims, your bundle policies could keep your policy company from determining you as besides bad a risk and dropping you wholly. See ? It actually can be happily ever after, with your insurance company equally well as your new spouse. still confused about cable car indemnity ? here are the answers to 20 questions you may be excessively embarrassed to ask. It ‘s safe to say we ‘re in a receding. Our ebook, “ 50 Money Moves to Make During a Recession, ” can help you weather the storm. Sign up here to get your detached replicate. Image: g-stockstudio

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