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The benefits of getting a joint auto policy with your significant other.

If you are in a committed relationship, then you and your partner should consider getting a joint auto policy.  While this step isn’t very exciting, it is a good way to advance your relationship while saving money.  Here is what you need to know about joint auto policies.

  • Why Should You Get a Joint Auto Policy?

Joint auto insurance policies are designed to offer coverage to two separate individuals and their vehicles.  Essentially, joint auto insurance is a way for couples to secure the car coverage each partner needs with a single policy.

Up until this point, you and your partner have probably managed your car coverage separately.  However, paying premiums on two separate policies can start to add up.  When you switch over to a joint policy, your household only needs to pay premiums on a single policy. This cuts your installment fees in half and you take advantage of the multi-car and multi-driver discounts most carriers offer. Not only do joint auto insurance policies save you money but, because your auto insurance is consolidated into a single policy, your coverage also becomes easier to manage.

  • Is Joint Auto Insurance Right for Every Couple?

Joint auto policies are best suited for couples where both people have clean driving records and no gaps in their car insurance coverage.  If one or both partners have tickets, traffic violations, or at-fault accidents on their driving record, then joint auto insurance may not be suitable.  This is because the risky driver can end up driving up coverage costs for the more responsible driver.  Additionally, you should not secure a joint policy with your partner if they have poor credit as this, too, could end up making your premiums more expensive.

This is what you need to know about joint auto insurance policies.  Interested in learning more about this car coverage option?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.   We are ready to get you the coverage that you need today.

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