Tell your insurance company if you get married

Couples who decide to tie the knot and get married are being urged to make sure that they let their vehicle insurance companies know, as otherwise they could end up missing out on a substantial saving on their premiums. According to industry experts couples that get hitched could be in line for a significant saving on their premiums, but obviously they will have to let the insurance company know that they have married.

It is estimated that drivers who get married could save up to 16 percent on the cost of their cover just by declaring their husband or wife on the policy. The policyholder simply needs to update their marital status on the policy, and there is no need for a new policy to be taken out in order to benefit from the discount.

One official from the insurance industry said: ‘The reasons for this are quite simple. The risk has been calculated and by having only one driver on the policy there is more risk of accident taking place whilst with a married couple the decision to tie the knot would hopefully suggest they are responsible and more cautious on the roads’.

With many people looking for ways to save money on their outgoings it is hoped that more people will ensure that they let their insurance firm know if and when they do get hitched. The official went on to state: ‘I hope couples wouldn’t marry just to save on their car insurance but if they were to make that decision they could be in for a saving’,