It actually shouldn’t be surprising that a married couple can get the best car insurance rates. Although living with another person can have its share of stress and challenges, the actuarial tables bear it out: married people live longer, are less inclined to take unnecessary risks, and tend to be more responsible. This is also why married people can get a better life insurance rate.

Besides this, it is another way to split everyday costs. When you add your spouse or domestic partner to your policy, the premium will rise overall, but the actual cost for each individual actually goes down.

It Ain’t Necessarily S.O. (Significant Other) You may also be able to lower your individual car insurance rate by adding your roommate or another family member to your policy – although this isn’t a good idea unless the person will actually be driving the car (and it’s a really bad idea if the other person has had a lot of moving violations or been involved in a major accident or two).

On the other hand, if you are a young driver – particularly a male under the age of 25 – it may be to your advantage to add an older, more experienced driver to your policy. To the insurer, this will have the effect of spreading the risk, and can result in a lower premium for each driver.

It’s also wise to discuss it with your insurance agent ahead of time in order to find out just how it will affect your policy if you add a second driver.

Saving On Your Own Of course, not everyone gets married or lives with someone else – and with 50% of all marriages ending in divorce, there’s a one-in-two chance that someone who is married now may not be in a few years.

There are, however, other ways to make sure you’re getting the lowest car insurance rates possible. If you are a woman, you’re already ahead of the game: female car insurance quotes are generally lower than those for males. This may not always be justified in “real life,” but this is what actuarial evidence suggests to underwriters – so ladies, take advantage.

Other ways to lower your car insurance rates:

If you are in the market for a new vehicle, consider insurance costs for a specific make and model before you commit to the purchase. Some kinds of cars cost a whole lot more to insure than others. (Engine size comes into the equation, by the way; selecting a V-6 instead of a V-8 can save you on more than just fuel costs.)

If you can, park your vehicle off the street – preferably under cover. Insurers will give you a discount if your car is stored in a protected area.

Consider safety and anti-theft devices, particularly if you live in a major metropolitan area.

Above all, get multiple car insurance estimates. Keep in mind that the property and casualty insurance industry – particularly auto insurance – is highly competitive, and this competition is intensifying every month. Turn it to your advantage.

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