If you’re thinking about acquiring car insurance for both you and your partner, you may wonder, Can you share car insurance without being married? In fact, you can! While it might be a bit more expensive to share a policy, you can save money by avoiding Named-Driver exclusions. However, you should be aware that the costs are usually higher compared to buying separate policies. And don’t forget about the property ownership factor.
Unmarried couples can get car insurance without being married
Until recently, it was virtually impossible for unmarried couples to get separate auto insurance policies. However, today, unmarried couples can purchase a joint policy with their partner. These policies are known as “non-relative” policies and can be much cheaper than two separate policies. To get such a policy, unmarried couples must prove that they have shared an address and are in a stable, committed relationship. Some companies will also ask for proof of engagement or marriage.
When buying car insurance for an unmarried couple, it is important to understand that the legalities of insurance policies can vary from state to state. If you and your partner want to stay on the same policy, you will have to live in the same state. In this case, you must stay at the same address. The other person will be responsible for updating the policy if you move. This may be complicated if you move frequently.
Costs are higher than separate policies
It’s true that the costs of sharing car insurance are higher than if you’re married, but this isn’t always the case. In fact, if your spouse has a better driving record, you may be able to save money by getting separate policies, since married people are generally viewed as less risky by insurers. Regardless, sharing a policy can make your insurance premiums much lower, so it’s worth investigating the pros and cons of the two options.
One reason why the costs of sharing a policy are higher than those of separate policies is that traditional insurance companies will only sell joint policies to legally married couples. If you’re not married, you can look for lenient guidelines by shopping around for a policy from an alternative insurer. Buying a joint policy can save you money because you’ll receive a discount for multiple cars.
Named-driver exclusions can save you money
You may be wondering how you can remove a named-driver from your car insurance policy. To do this, you need to call the insurance provider. Depending on your provider, you can also make the change online. However, you should keep in mind that the driver’s exclusion remains until you remove it. You can also use an insurance comparison website such as Jerry to find the best car insurance rates for high-risk drivers.
You can also reduce the premium by excluding other drivers from your insurance. If you have a teen driver in your household, your insurance provider is most likely going to assume that they are high-risk and charge you a higher premium. By excluding this driver, you can lower the premium by up to 20%. You can also save money by excluding other household members from your policy if you’re a good driver.