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Question
Wife on Insurance lowers Premium?
I have been Married to my Husband for 3 Years. We have a House together (My name is on the Title of the House). His insurance Agent is a friend of his from High School. I am not on either Insurance Policy, House or Car. His Insurance Agent Friend said it would be cheaper to keep me off. My Insurance rate went down when I added my Husband and changed my status from single to Married. So I am confused. I know his Agent does not like me, and I think he makes more money keeping the Policy the way it is. I am not sure what to do now. Times are Hard and we need to save were we can. Will changing the Policy from Single to Married lower the Rates? Thanks.
1 month ago - 4 answers
Best Answer
Chosen by Asker
Depends on what state you live in, and which company you're with. More importantly, failure to disclose a household member on your auto policy, can void coverage on that policy for that driver. I'd get a second opinion, or have the friend put it in writing - one way or another, something smells fishy here. And the CHEAPEST thing to do is put both cars on the same policy - with the same company that does the house insurance. You could be leaving A LOT of money on the table, having all those seperate policies out there.
by mbrcatz
1 month ago
Asker's Rating: 
Other Answers
If you are not listed on the policy chances are you are not properly covered. Should something happen and the insurance companies finds out you are married they could void the policy or not pay out the claim. Changing the policy may or may not lower the rates; it could even increase the rates. However, if you are not properly covered it's just like not having insurance at all.
by Zarnev- 1 month ago
Both answers above are correct. You need to be named as an occupant on the home policy for several reasons. You also need to be named on the auto policy (either as a driver or a non-driver) as well, even if you keep your own policy. As to your question regarding the premiums, it depends on several factors such as both of your driving records, ages, driving experience, even your credit. It has been my experience that combining auto policies and listing you as married, usually brings the premium down.
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