"For better or for worse" includes car insurance.
Most couples will find cheaper rates after tying the knot because of multi-car and multi-policy discounts, and the fact that most insurance companies view married people as less risky than single drivers.
But some newlyweds might be better off saying "I don't" to a car insurance policy shared with a spouse who has too many moving violations, insurance claims and accidents. The spouse's lousy driving record will likely increase your insurance rates if you have a policy together.
"You're marrying their driving record too," says Cristofer Pereyra, a Farmers Insurance agent in Phoenix.When both drivers have clean records, the savings are substantial. We compared rates for an Oklahoma City couple, both 29, driving a 2009 Jeep Grand Cherokee and a 2010 Toyota Matrix with full coverage on each. Assuming they bought the cheapest policies we found, Jim would pay $1,544 a year to insure his Jeep, and Mary would pay $1,396 for her Toyota. But married they would pay just $2,014 for both cars -- more than $900 off their combined individual bills. But if one of those drivers brings a spotty record to the marriage, all those savings can disappear. Adding three speeding tickets to Mary's record brings their joint car insurance bill to $2,876. And a DUI or other major violation on one spouse's record can mean neither qualifies for an insurer's standard policy and best rates.