An easy way to save $400 or more per year after getting married

I recently got married, and this week I have been exploring new insurance options that have opened up. The first thing that I discovered was that merely telling my insurance agent that I was married entitled me to (nearly) a $100 reduction in my insurance premium, which I will receive in the form of a refund within the next week. Tomorrow, we will be calling up my wife’s insurance agent to get a reduction in her rates as well.

We want to consolidate our auto insurance onto one policy in order to save even more money. I have not run the exact numbers, but on top of the $400 we should save each year just for telling our current auto insurance policy holders that we are married we should be able to save at least a few hundred dollars more per year by being on the same policy. If we add it to our homeowners policy, we can also get a good 20% off of that, as well. The only real problem I see with doing that is that the homeowners discount won’t really make up the difference between my current insurance policy and the one that our homeowners can offer for automobile.

I’ll share more details once we have all of our quotes and decide who we are going to go with. That should probably happen this weekend some time. As for how my $100 refund means saving $400 per year, that $100 is on a 6 month policy. So, I will be saving about $194 and change over the course of a year. I do not know how much of a discount my wife would get, but if it is around the same amount then that gets us up near the $400 per year without even changing our policies.