Why you should consider getting a joint auto policy with your partner.
If you are in a long-term relationship, then getting a joint auto policy probably isn’t the first thing you think about when imagining couples’ activities. However, there are some significant advantages associated with combining your auto coverage with your partner’s. Here’s why you should consider joint auto insurance.
- How Do Joint Auto Insurance Policies Work?
Joint auto insurance policies are designed to offer coverage to two separate individuals and their vehicles. Essentially, joint auto insurance is a way for couples to secure the car coverage each partner needs with a single policy. Up until this point, you and your partner have probably managed your car coverage separately. However, paying premiums on two separate policies can start to add up. When you switch over to a joint policy, your household only needs to pay premiums on a single policy. Not only do joint auto insurance policies save you money but, because your auto insurance is consolidated into a single policy, your coverage also becomes easier to manage.
- Is Joint Auto Insurance Right for You?
There are some situations in which couples should not get a joint auto policy together. For instance, if one partner has tickets, citations, DUI/DWI charges, or at-fault accidents on their driving record, then this can cause a premium hike for the more responsible partner. In this case, it may be cheaper for the couple to maintain their separate auto policies, so the low premiums of one partner can offset the higher cost of the other’s premiums. You should also think twice about getting a joint auto policy if you or your partner has poor credit. Because bad credit can drive up the cost of auto insurance, it may be more cost-effective to keep separate policies until the person with bad credit is able to improve their score.
This is what you need to know about combining auto insurance with your partner. Do you have more questions about joint auto insurance? If so, then contact the experts at Weeks & Associates Insurance Services in Thousand Oaks, California. We are ready to assist you with all your coverage needs today.