If you are in a relationship and you started living today, you might be wondering if you can share the same car insurance policy, even though you are not married yet.
- Will an insurer extend an unmarried couple’s car insurance?
- How does the process work?
- What are your options?
- What stipulations does every insurer place for this to happen?
One standard requirement every insurer will make of you when offering you auto coverage is that you tender a list of every individual capable of driving living in your place of residence, regardless of marital status. Insurers do this because they operate on the assumption that people who live in the same place you do are more than likely to drive your car at one point in time or the other. As a matter of fact, should your car insurance provider discover that you did not give them an accurate list of all the occupants in your home, you could face an immediate spike in your insurance rates, to cancellation of your policy, at worst. When it comes to getting mutual insurance for an unmarried couple, only one option is available.
The first is only applicable if you are operating more than one car. For instance, all you have to do is list each other on your respective policies for each vehicle. Option two is for the automobile owner to list their partner as an additional driver on their policy. Needless to say that going for either of these options has various implications, especially with regards to whether you are qualified for a specific discount option. Your choice also directly impacts just how much you will be expected to pay as a premium.
Ultimately, before choosing what type of joint car insurance policy you will go with, it is crucial that you go for one that facilitates more straightforward claim resolution, offers you as many discounts as possible, and overall helps you make the best use of every Ringgit.