Getting hitched could reduce your car insurance premium

August 26th, 2009

Research by ‘You and Your Wedding Magazine’ shows that the average cost of a wedding is nearly £16,000 which can leave many couples starting their married life with little or no savings.

However, there is some good news. Online insurance company swiftcover.com says that

Adding a spouse to your car insurance policy can save you up to 20%

For example:

A man adding his female spouse to his insurance policy could see his premium cut from over £388 to under £345 - if both drivers are male and in a civil partnership, the new premium would be around £348 because male drivers are considered a higher risk.
However, if a woman driver put her male spouse on her policy, the premium would fall from just over £341 to little more than £303 - the cost for two women in a civil partnership would also be around £303.

It isn’t just those who are ‘officially hitched’ who benefit. Couples, whether hetrosexual or same-sex partners, will still see a saving with swiftcover.com, although it may not be as high as those in a legally recognised partnership.

Click on the article link below for more information about how you and your partner can save money on your motor insurance and what to do when shopping around.

Article: Marriage can Cut the Cost of Car Insurance

Entry Filed under: advice, insurance