Looking to save a few bucks every month? There’s an odd method a study released that could do just that.
Getting married can be a money-saving venture for some people.
Couples split housing and other financial obligations, like groceries or utility bills.
But one we all haven’t heard much about is getting married could save you a few bucks on your car insurance.
That’s the conclusion of a new study by Insurancequotes.com
Insurancequotes says a 20-year-old married woman pays an average of 22% less than a 20-year-old single woman.
It’s a similar story for married men versus single men.
Some experts say people get more serious about being better drivers when they are married.
But the biggest factor in determining how much you pay for car insurance is age.
Older, more experienced drivers tend to be safer drivers. Data shows that teenagers have a higher crash rate.
That means they’re more expensive to insure.
A 20-year-old single male driver pays an average of 49% more than his 25-year-old counterpart.