The decision to get married represents one of the most difficult ones we’ll ever make. The consequences will quite possibly last a lifetime. What’s more, single people seem to have more fun. They seem to smile a lot, while we married folks always seem to be paying bills, changing light bulbs or mowing lawns. Here’s the good news for our side – getting married can save you fifteen percent or more on your auto insurance.
A new study from InsuranceQuotes.com indicates that a single person who is twenty years old pays twenty one percent more than a married twenty year old for the same policy. According insurers, singles get into more accidents. Married drivers are more likely to be cautious, in part because they are more likely to have children with them. Hawaii is the only state that prohibits insurance companies from considering marital status in rate calculations.
The same source indicates that men pay more than women when they’re young. A twenty year old man pays twenty two percent more than a woman the same age for the same policy. As reported by CNNMoney, car insurance costs for both men and women decline every year on average until age sixty.
