The Newlywed’s Guide to Buying Insurance

Congratulations! You just got married and everything is changing – new spouse, new home, new in-laws. But with all these new things comes changing insurance needs. Here are the things you need to think about insurance-wise after you tie the knot.

Insurance quotes in Murfreesboro TN

Home or Renters Insurance

Getting married often comes with a new place. If you are moving into your spouse’s existing home, make sure you are added as a named insured on the existing homeowners or renter’s policy. This is as easy as calling your agent or insurance company.

 

If you are purchasing a new home, contact your local agent while you are in the process of looking at homes. It is a good idea to have an insurance agent run a quote on your favorite home BEFORE putting it under contract. This is to ensure the property has not had a “location loss” which is an insurance claim on the property. Even if you didn’t live in the home at the time of the claim, location losses can affect your insurance rate or even keep you from getting insurance at all. Using an independent agent will help make sure you are getting the lowest rate by comparing rates from multiple carriers.

Car Insurance

Getting married is a great time to consolidate your auto policies. Having multiple cars on a policy will usually give you deep discounts. Also consider bundling with your home or renter’s insurance to give you an even lower rate.

Life Insurance

Getting married is a major life event where you should reevaluate your life insurance. The thing with life insurance is…the younger you are, the cheaper it is. Now is always the cheapest life insurance will ever be for you! Especially if you are thinking about kids in the near future, life insurance gives you the peace of mind that your family will be taken care of should the worst happen.

Health Insurance

Looking over your health insurance policies is a necessity when you get married. The nice thing is that getting married often offers you many new options. If your employers each offer coverage, compare the prices between keeping your policies separate or putting both of you on one employer’s plan. If neither of you get coverage from your employer, look at getting a policy on the federal health insurance marketplace. Since your household is larger, you could qualify for a larger subsidy to help pay for healthcare costs. Talk to a local independent agent to find out how much you can save.

If you have questions regarding insurance for newlyweds, we are happy to help! Give us a call today at 615-919-1009!