The Cost of Married Car Insurance vs. Single Car Insurance

Married couples pay less for car insurance than singles because insurance companies consider married couples less risky. Financial stability is one of several factors that determine rates for married vs single drivers.

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UPDATED: Mar 26, 2022

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Written By: Laura BerryReviewed By: Joel OhmanUPDATED: Mar 26, 2022Fact Checked

Here's what you need to know...

  • While mere economics is not the best reason to get married, any financial benefits couples can gain is a plus
  • Car insurance companies consider many factors including the potential risk of a driver when setting up rates
  • Overall, the cost of car insurance most definitely favors married couples over single drivers

Uniting in holy matrimony certainly has its advantages, among them being the cost of car insurance. Why do married couples pay less for car insurance?

In order for car insurance companies to determine how much to charge individual customers for their policies, many different factors must be taken into consideration.

Some of these factors include:

  • the make and model of the car
  • how often it’s driven
  • what state it’s registered in
  • how much coverage needed

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Defining Risk

As far as car insurance companies go, risk is defined as the potential of any given driver to be the source of a claim against it either through his own actions or those of another person.

In other words, the insurer must ask himself how likely it is he will end up paying a claim that is greater than the premiums a driver paid in. The risk-to-reward ratio has the most influence on individual car insurance prices.

Right off the bat, a brand-new or young driver is assigned to a risk pool based on his age and lack of driving experience.

One who drives safely for the first few years, with no accidents or violations, is likely to be moved to a lower risk pool around the age of 21.

On the other hand, the opposite is also true. The more accidents and violations one is guilty of, the higher the risk potential will be which means paying more for insurance.

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Safety Comparisons: Married Drivers vs. Single Drivers

In terms of married car insurance and single car insurance, married people have a decided advantage when it comes to auto insurance rates.

Like it or not, the general perception among insurance providers is that married couples are more stable in all areas of their life and, therefore, tend to be safer drivers. In turn, this makes insurance cheaper for couples.

Although extensive research is not completely conclusive on the question, statistics tend to suggest this line of thinking is mostly correct.

Between men and women, men will see the greatest difference in auto insurance premiums once they get married.  Young male drivers between the ages of 18 and 21 are considered the highest-risk drivers on the road.

Even at 21, when insurance rates begin to drop, men are considered a higher risk until roughly age 35 but getting married in early to mid-20s will quickly reduce their perceived risk and lower their annual premium for car insurance.

Factors Other than Safety

There are some other things insurance companies consider regarding the cost of married car insurance and single car insurance.

One of those things is the likelihood that married couples will need other insurance products that can be bundled together. For instance, married couples are more likely to purchase a home and carry life insurance.

Insurance companies bank on the fact that if they take good care of their auto policy customers who are married, those customers will be more willing to purchase the rest of their insurance products from them.

Most insurance companies provide additional discounts to married couples who bundle all their insurance needs.

One additional factor to consider is financial stability. While this principle is not as concrete as it once was, it’s still perceived among insurance companies that married couples are more financially stable.

Financial stability means a lot to an insurance company because car insurance is easy to put on the bottom of the list during times of financial trouble.

If you are shopping for insurance as a single person, maintaining a clean driving record will help you obtain the most affordable rates. Also, you should ask your insurance company about any auto insurance discounts that might apply to you. There are a variety of discounts that would apply to married couples as well.

Compare the car insurance rates of married and single drivers by entering your zip code right now!

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Written by Laura Berry
Former Insurance Agent Laura Berry

Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP® Joel Ohman

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