Cornerstone Agency Services has merged with Union Bay Risk Advisors. Same exceptional service with a broader range of insurance choices!
Union Bay - Cornerstone Co-Branded Logo-fotor

Tying the Knot How Marriage Transforms Your Auto Insurance Rates

Marriage marks the beginning of many new experiences, and surprisingly, one of them could be paying less for your auto insurance. It might not be the first thing you think about when you tie the knot, but understanding how your marital status affects your auto insurance rates is crucial. For many couples, getting married can lead to substantial savings on their auto insurance premiums.

Why Do Married Couples Get Lower Auto Insurance Rates?

1. Statistical risk assessment

Insurance companies rely heavily on historical data to set their rates, and statistics indicate that married drivers are generally less likely than single drivers to be involved in accidents. Married couples are seen by insurers as more stable and low-risk, which frequently results in cheaper premiums. 

2. Multi-car discounts

When you get married, you often combine households and vehicles. When numerous cars are insured on the same policy, most insurers grant a discount. Not only is this convenient, but it can also significantly reduce your overall insurance costs.

3. Policy bundling

Besides multi-car discounts, married couples should think about combining their auto insurance with other plans (such as renters' or homeowners' insurance), as this is frequently rewarded with additional savings from the insurance company.

4. Improved credit scores

Marriage can also lead to improved credit scores as couples merge their finances and work together to pay off debt. Since a higher credit score can influence the cost of your premiums, marriage might reduce your auto insurance costs.

If you've recently married, this is the perfect time to contact us. Discuss your new marital status and explore how you can optimize your policy to reflect your changed circumstances. As you begin this thrilling new chapter together, taking this easy action could result in significant savings and more peace of mind. 

Contact Us To Know More

Name(Required)
"By submitting my phone number, I hereby authorize Cornerstone Agency Services, LLC to communicate with me through text messaging."
Consent - Cornerstone Agency Services, LLC Privacy Statement:(Required)
This field is for validation purposes and should be left unchanged.

Term vs. Whole Life Insurance: Which One Is Right for You?

Picking the right life insurance policy can feel overwhelming. With so many options out there, it’s easy to get lost in the jargon. However, understanding the basics of term and whole life insurance is important for ensuring your loved ones are financially secure. Let’s break it down in a way that’s easy to digest. What […]

Read More

What Happens When Your Business Is Forced to Close?

Having your own business is a dream come true, but unexpected challenges can arise anytime, leading to a difficult decision—whether temporarily or permanently. It can be due to natural disasters, economic downturns, or unforeseen circumstances like a pandemic. The impact of such a closure can be overwhelming. Understanding the ramifications and the steps you need […]

Read More

How Age, Experience and Bike Type Affect Motorcycle Insurance Rates!

When it comes to riding a motorcycle, the thrill of the open road is undeniable. However, understanding the financial aspects of motorcycle ownership, especially insurance rates, is equally important. Your insurance premium can vary significantly based on several factors, including your age, riding experience, and the type of motorcycle you own. By grasping how these […]

Read More
We extend coverage to individuals and businesses in 
Pennsylvania, New Jersey, and Florida.
Toll Free - (888) 499-2762

Direct to Branch Offices:
Lancaster, PA (717) 898-5982
Moorestown, NJ (856) 499-5191
Elkins Park, PA (215) 298-9398
Philly, PA (267) 678-1705
Tampa, FL (813) 330-5707
Mt Pleasant Mills, PA (570) 539–2758
Garnet Valley, PA (484) 301-3292
Altoona, PA (814) 979-1480
Ebensburg, PA (814) 615-7992
© 2024 Cornerstone Agency Services, LLC Designed by Amplispot
Privacy Policy
Get Quality and Affordable Insurance
Get QuoteContact Us
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram Skip to content