Insurance Changes to Make When You Get Married
Getting married is exciting — and it is also one of the best times to review your insurance. Combining policies, updating beneficiaries, and taking advantage of multi-policy discounts can save you real money while making sure you are both properly covered.
Insurance Checklist for Newlyweds
- Combine auto insurance policies — Most carriers offer a multi-car discount when both spouses are on the same policy. With Erie Insurance, combining your vehicles typically saves 10–15%.
- Update beneficiaries — Your life insurance, retirement accounts, and any other policies with named beneficiaries should be updated to include your spouse.
- Review renters or homeowners insurance — If you are combining households, you need to update your property coverage to reflect both spouses’ belongings. If one of you is moving into the other’s home, notify your agent so the policy is adjusted.
- Consider life insurance — If you are sharing financial obligations like a mortgage, car payments, or debts, term life insurance ensures the surviving spouse is not left with unmanageable expenses.
- Bundle and save — Marriage is the perfect time to bundle auto, home, and umbrella policies for maximum multi-policy discounts.
- Update your name on policies — If you are changing your last name, update it on all insurance policies, your driver’s license, and vehicle registration.
Frequently Asked Questions
Will getting married lower my auto insurance rates?
In most cases, yes. Married drivers statistically file fewer claims, and most carriers offer a married driver discount. Combined with the multi-car discount from putting both vehicles on one policy, newlyweds often see meaningful savings.
Do we need separate life insurance policies?
Each spouse should have their own individual life insurance policy. The amount should cover at least your shared debts (mortgage, car loans) plus several years of living expenses for the surviving spouse. We can help you determine the right amount and term length.