Thanks to the NAIC for sponsoring this post. I was compensated in the form of a gift card. All opinions are my own.
Before my husband and I got married, there were many conversations we had regarding our future. Most of it was regarding what we wanted to do in life and how we were going to try and get there. We pretty much knew what the plan was to join us together: he let me worry about health insurance and I let him worry about the car insurance. Unfortunately, none of our conversations were about life insurance. We were 19 and never even thought about that type of stuff.
According to a survey done by the National Association of Insurance Commissioners (NAIC), 61% of couples age 18-24 said they talked about combining auto policies before getting married, but only 30% cited ‘my spouse’s diving record’ as an important conversation to have before marriage. Your spouse’s driving record is a key factor in calculating premiums. This is why the NAIC suggests having “the talk”: they recommends couples have a pre-wedding sit-down to address important topics.
- Auto Insurance
- Home Insurance
- Health Insurance
- Life Insurance
Without discussing all of those, you could end up being under covered on things that are seriously important. So, to help make sure couples get smart about theses conversations, the NAIC created The Insurance Survival Guide for Newlyweds. This guide will give you and your spouse sound advice to make the transition an easy one for all types of insurances. Check out the PDF on this link. One the bottom, you can play the “I Do” adventures game. Can you beat my score? I got 1050 points!
As a thanks for downloading the Insurance Survival Guide for Newlyweds, NAIC is giving away a $50 Gift Card to Home Depot! In order to win the gift card, you must download The Insurance Survival Guide for Newlyweds and post a comment sharing a fact of tip that was surprising or helpful. Then, fill out the giveaway tools form below. This giveaway is for the US only and ends December 20th 2013 at 11:59pm est.
I found it surprising that only 30% of newlyweds had discussed their spouses driving record before they got married.
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I will download the NAIC’s WreckCheck app, because if I ever need to file a accident report and file a claim, this app will be a happily welcomed guide.
I was surprised to learn that 24% of couples before married bought a house between ages 18-24 compared to 14% married couples in their late 40’s. I enjoyed reading the facts and playing the game I to scored 1050.
I learned about the the NAIC’s free app and downloaded it to the Android tablet of hub’s.
61% of couple 18-24 talked about combining auto policies before getting married
One fact I found surprising is that less than 73% of couples getting married address the topic of whose health insurance to keep.
I’m surprised that so many couples buy homes before getting married.
I was surprised that only 30% of newlyweds had discussed their spouses driving record before they got married.
I was surprised that 24% of today’s Millennials purchased their houses togehter before being married.
73% of couples getting married address the topic of whose health insurance to keep.
I found the tip to not just consider short term decisions helpful.
47% never discussed life insurance
I surprised to learn that 17 tons of metal is melted annually for wedding rings
I was surprised to learn that only 47% of couples discuss the need for more life insurance before heading down the aisle.
I can not believe 47% of couples dont discuss life insurance before marriage.
I was surprised at the number of couples that will combine their auto insurance, then shocked by the percent that never asked their partner about their previous driving record.
I found out that your spouse’s driving habits can bump up your insurance rates.
i found interesting that 24% of married millenials purchased their first home together before they were married.
24% of Millennials purchased their first home together before they were married
17 tons of gold is melted annually for rings!
61% of couple 18-24 talked about combining auto policies before getting married
That insurance companies consider marriage a qualifying major event, so you may be able to make changes instead of waiting for open season.
I didn’t know about the named driver exclusion
That 61% of couples talk about combining their insurance even before married.
The WreckCheck was interesting. Good to know.
I didnt know almost 25% of couples by a house together before they get married
I was surprised 71% of newly married couples acknowledget the importance of sharing pre-marital beneficiary designations. But more that 47% never got around to talking about it.
I liked the tip about renovations changing the value of your home which changes your insurance needs!
73% of couples discussed who\’s insurance to keep once married
That 84% of engaged & married couples aged 18-24 said it was imp to share preexisting health conditions before marriage
Top wedding destinations are: Florida, California & Nevada.
I was surprised to learn 17 tons of gold is melted down annually for wedding rings.
I was surprised that only 30% of couples thought it was important to discuss their driving records.
I found it very interesting that 24% buy homes before married compared to only 14% for those older
I was surprised that only 30% of newlyweds had discussed their spouses driving record before they got married. Important to know!
I learned the most popular day for weddings is Saturday!
61% of couple 18-24 talked about combining auto policies before getting married
73% of couples getting married address the topic of whose health insurance to keep.
kport207 at gmail dot com
I found it really surprising that 24% of millennials purchased a house together before they were married.
your location can affect your insurance
I thought the “Life” tip was helpful about life insurance coverage and how you should consider future income potential, the cost of raising kids and outstanding mortgage payments. Thanks.
partymix25(at)hotmail(dot)com
I was surprised at how many people buy a home together before marriage
That 61% of couple 18-24 talked about combining auto policies before getting married
It is strange to get married on a day that isn’t recognized as a good day to get married.
Interesting that 24% oF MILLENNIALS bought their home before marrying
61% of couples 18-24 sited talking about combining auto policies before marriage but 30% cited my spouses driving record as important.
24% of millennials purchased a house together before they were married
24% of couples before married bought a house between ages 18-24 compared to 14% married couples in their late 40′s
Combining insurance after marriage saves money.
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17 tons of gold is melted down every year to make wedding rings
I learned about the the NAIC’s free app
I am surprised at thasotv@aol.com percentage of newlyweds who purchased a home together before they were married. The purpose of a long engagement is to avoid the distribution of property if the marriage fails. That seems risky.
The one about moving to a bigger town, expect to pay more.
When you have a renovation of $5,000 or more to your house it’s value increases and your insurance needs change
annabella @ centurytel dot net
I was surprised to learn that 24% of couples before married bought a house between ages 18-24 compared to 14% married couples in their late 40′