newlywed insurance

Spring and Summer are the seasons of nuptials. These months are filled with celebration as newlyweds begin their lives together. With the sweet marriage season comes another new consideration. Joining your lives together means all kinds of changes for your insurance. We’ll help you navigate these changes with our Guide to Newlywed Insurance.

Auto Insurance

According to Value Penguin, couples in their 20s could save 20-26% on auto insurance by combining insurance policies. When you get married, your first step is to call your insurance agent and let them know that you’ve gotten married and would like a quote on new combined insurance policies. Your agent will ask for your:

  • Cars’ make & model
  • VIN number
  • Mileage
  • Drivers’ license numbers
  • Financing company for payments

Your agent will take this information to find you a policy with the best coverage and price. Working with a private insurance agency like Henry Insurance allows you to gather information from multiple insurance providers for the best value.

Home or Renter’s Insurance

Marriage often means a move as well. When you move, call your agent to ensure your coverage is transferred. If you were to file a claim with an outdated address, you would not be covered. You’ll be able to combine your policies rather than paying two separate bills. All those registry gifts and home additions also may require an increase in coverage. Additionally, some insurance providers use marital status as a criteria for determining policy rates.

Health Insurance

Marriage is considered a “Qualifying Life Event”, offering the opportunity to make changes to your health insurance policy even if it’s not within the typical enrollment period. You typically have 60 days after a qualifying life event to enroll in a new policy.

Options to consider for health insurance:

  • Each partner keeping your current plan
  • Joining your spouse’s plan
  • Your spouse joins your plan

Several factors will affect your decision. How will each option affect your monthly premiums? Does one spouse have coverage provided by an employer? How will your deductible or co-pays change?

Navigating these new dynamics can be challenging. Henry Insurance can make this part of your newlywed season simple. We always say that one size does not fit all, which is why we represent a number of leading insurance companies. These alliances work with our staff to guarantee that we can tailor a custom plan for your needs. You can reach us at 225-927-0451.