Pop The Question And Cut Your Costs
Looking for an incentive to pop the question to your nearest and dearest? Well as if true love wasn’t reason enough, now you can add car insurance savings to your list of incentives to get married.
Research from a price comparison website has revealed married couples can save up to 1.5 times more on their car insurance than single drivers. In fact married couples save on average £82.70 more than their single counterparts on costs every year - with savings for some couples even soaring to £228.
Though typically it is believed that women prosper more from marriage than men, it’s actually males who stand to gain the most from getting hitched. On average, men save £106.88 on their annual premiums compared to £58.51 for women - albeit this is partly due to the fact that single males’ premiums are usually set much higher than those of females.
So why does marriage offer car insurance savings?
Many of the risk factors assessed by insurers are based on perception. Generally, married couples are more likely to take their time on the road due to their increased responsibilities - they are certainly less likely to act like boy racers.
Of course getting married isn’t the only path to cheap car insurance. If you’re not ready for nuptials then look at enhancing the security of your car, taking an advanced driver’s course, staying conviction free and paying annually to save cash.
If you are heading to the altar and looking to set up a new home together, then examine the crime rates of the towns you are considering moving to as this will also affect your premiums.
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