Should joint car insurance be mandatory? The simple answer is most certainly no. There is absolutely no such thing as a family or group insurance, whereby a group of people all have access to drive on the same vehicle, viewed both in the terms of the policy s terms of coverage. That is not to suggest that two or more individuals who share a similar car all need to separately obtain individual vehicle insurance policies.
For most families and couples the costs of insuring cars can quickly add up. It is therefore unsurprising that many look for ways in which they can save money. In this regard, many look at discount schemes that are available online. Couples who can agree on a fixed amount may consider taking out joint car insurance online, especially if they are willing to part with some personal information such as their mailing address.
These policies come at lower rates than separate policies because they are usually marketed to people living in close proximity to one another. This means that people living far apart will find it more convenient to share policies and get lower rates. If you and your partner have a policy that already has a discount for being married, you can talk to your insurance company about adding you to it. Most often your insurance company will be happy to add you and your partner to existing joint policies, but check with them first! You might find that you will have to pay more if you go with your partner’s policy.
There are many reasons why you might want to save money on your joint car insurance policy. One of the most obvious is so that you will be able to cover more of the expense if your vehicle is damaged or stolen. When you have more than one vehicle on the same policy this raises your premiums, and you will save money by switching to a policy which offers you a discount for being married. Also, if you happen to change vehicles frequently this can save you money in the long run. Each time you have a policy this is reflected as a discount on your premium and as such you will be able to save money on each renewal of your policy.
The reason why insurance companies like joint car insurance quotes so much is that they are usually offered at cheaper rates than other individual insurance policies would be. Of course, the reason why joint car insurance quotes are cheaper is because the other person is usually a much better driver than you are. Also, since you are already sharing with someone who is much more likely to have an accident than you are you will get a discount for this as well. Also, if you are a man your partner is more likely to be a safer driver because they are less likely to drive drunkenly or take other dangerous routes – this will save you money as well.
So what are some of the other questions that are often asked about when it comes to joint car insurance policies? Of course there are many questions that do not directly pertain to whether you should keep unmarried couples on your policy but these questions can still make a difference in your decision when you are making your final decision. For instance, one of the most commonly asked questions is as to when is it better to keep an existing policy or switch to a new policy once the other person has been in the program for a year or more. While this may seem like a simple question to answer it actually goes deeper than that because if you are able to keep an existing policy while your partner is in the program then you can expect that their premiums will stay the same.
However, it is important to keep in mind that two cars will almost always be cheaper to insure than three cars. So while keeping an existing policy is a good idea if you want to save money when it comes to your joint policies it may not be the best idea if you expect that you will have more than two cars on the policy. The only situation in which keeping an existing policy makes sense is when you buy joint policies right after you get married. This is because then you can usually add the newly purchased cars onto the list of cars that will be covered under the joint policies at a discounted rate.
As far as who should be on the policy what is a more complicated question that one would think. If you are married and you plan to buy a joint policy then the obvious person to add onto your policy would be your spouse. But how do you know that your spouse is going to buy the coverage that you have purchased? You could sit down with your spouse and discuss it face to face but you could also consider getting a life insurance policy that will include coverage for all of the people living in the house so that if they do not buy the coverage that you have purchased they will be able to add their name to the list of persons that are covered by the life insurance policy. The other benefit of having a life insurance policy for all of the people living in the house is that they will be able to add the newly purchased car to their policy if they already have a policy set up for the vehicle. Whatever the case may be, you will need to make sure that everyone on your joint car insurance policy is on the same page as far as who is going to be covered under the coverage so that you will be able to keep a good price on your joint car insurance.