How Same-Sex Couples Can Save on Car Insurance Quotes

Auto Insurance, Insurance
same sex couple car insurance quotes

The Supreme Court’s decision making gay marriage legal nationwide paves the way for same-sex couples to enjoy many financial advantages once limited to straight couples. Among them is the ability to get lower quotes on car insurance for same-sex couples.

Saving money for saying “I do”

Many insurance companies offer lower rates for married people because they consider them less risky than singles. The savings vary by company and state, as well as by individual factors, such as gender, age and driving record.

NerdWallet compared insurance rates on three vehicles for 30-year-old married and single drivers in Illinois and found that married drivers save an average of 3% to 12%, depending on whether they’re male or female, and the type of car they drive.

Insurance rate differences in Illinois: Single vs. married
Average annual premiums
Female driver Ford F-150 Honda Accord Maserati Ghibli
Single female $1,492 $1,405 $2,002
Married female $1,443 $1,367 $1,843
Savings for married women 3% 3% 8%
Male driver Ford F-150 Honda Accord Maserati Ghibli
Single male $1,531 $1,437 $2,094
Married male $1,445 $1,369 $1,844
Savings for married men 6% 5% 12%

NerdWallet researched rates in Illinois for 30-year-old men and women among the largest insurers in the state. We averaged the three lowest quotes. Rates quoted included liability coverage of 100/300/50 with medical payments, collision, comprehensive, and uninsured motorist coverage. Rates do not include potential discounts, such as a multicar discount. Your own rates will be different.

Getting married doesn’t save you as much in Pennsylvania. In a similar study, NerdWallet found mixed results for married women, and savings of 3% to 7% for married men.

Insurance rate differences in Pennsylvania: Single vs. married
Average annual premiums
Female driver Ford F-150 Honda Accord Maserati Ghibli
Single female $1,201 $1,163 $1,743
Married female $1,217 $1,195 $1,629
Savings for married women None; rates are 1% higher None; rates are 3% higher 7%
Male driver Ford F-150 Honda Accord Maserati Ghibli
Single male $1,201 $1,163 $1,743
Married male $1,148 $1,129 $1,629
Savings for married men 4% 3% 7%

NerdWallet researched rates in Pennsylvania for 30-year-old men and women among the largest insurers in the state. We averaged the three lowest quotes. Rates quoted included liability coverage of 100/300/50 with personal injury protection, collision, comprehensive, uninsured motorist coverage and unlimited tort. Rates do not include potential discounts, such as a multi-car discount. Your own rates will be different.

Domestic partnership savings

Not ready to tie the knot? You may be able to get the married rate if you are in a domestic partnership or civil union, depending on your state.

Although states can’t ban same-sex marriage, laws regarding domestic partnerships and civil unions vary. Insurance departments in Florida and North Carolina don’t allow married rates for domestic partnerships, and Massachusetts does not allow a discount for married couples.

Esurance is among the first insurers to promote the married rate for gay couples, having done so since 2011. “In every state where Esurance can give couples a married rate, we extend that rate to either married gay couples, domestic partners, or those in civil unions,” the company says.

Many other insurers have followed suit. Geico, for example, says it “recognizes all marriages and all other types of committed partnerships, such as domestic partnerships and civil unions, as provided by each state.”

Ways to save even more

Getting a married rate might be helpful, but the biggest car insurance savings will come from a multivehicle discount. Most insurance companies give a sizable discount — Geico’s is 25% — if you insure more than one car on a policy. That’s why most couples will save by combining their coverage instead of getting separate policies.

You can also save through a multipolicy discount when you and your partner buy car insurance and another type of coverage, such as home or life, from the same company. Insurance companies call this “bundling,” and they offer big incentives to do it. Allstate, for example, offers up to 25% off auto insurance premiums and up to 35% off home insurance premiums when you buy both home and auto insurance from the company.

Before you combine policies

Although most couples save money when they combine car insurance policies, occasionally couples can get a better deal on insurance if they buy policies separately, particularly if one partner has a bad driving record or bad credit. Get car insurance quotes both ways — separately and together — to see which strategy works best for you. Make sure the quotes for a combined policy include any multicar or multipolicy discounts coming your way.

Barbara Marquand is a staff writer at NerdWallet, a personal finance website. Email: bmarquand@nerdwallet.com. Twitter: @barbaramarquand.


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