Do Your Car Insurance Rates Change After a Divorce?

If there was ever a stressful event in life, it would definitely have to be divorce. This isn’t to say that there aren’t other stressful events in life, but divorce is definitely right up there with birth as well as death. When you go from being with your spouse to suddenly having to think about complex decisions, there’s just no getting around the fact that it’s a new and often frustrating experience.

However, does it really have to be this way? Not really — you just need to know about the decisions that you need to focus most on. If you are already driving a car, you will often need to contact your insurance company and get your policy updated. You will need to let them know that you only have one driver on the vehicle instead of two, and you will also need to most likely update the name on your policy as well if you are going back to your original name.

You might not realize this, but car insurance rates are all about numbers — risk management is really the foundation of all insurance products. This means that if you’re wondering about what your car insurance rate will be, it’s just a matter of the numbers. When you were married, you may have gotten into accidents — this could increase your rate. In addition, married people are usually considered to be less risky than single people in the eyes of most insurance companies. So when you go and get your divorce, you may find that your car insurance rate change to the same level that it was when you were single.

It’s really something that isn’t quite fair — there’s nothing that says every married person is sensible, and there’s nothing that says that every single person is someone that is prone to taking risks that they shouldn’t. However, until the industry changes, the only thing that you will need to do is make sure that you really stop and compare your car insurance rates as much as possible.

One thing that you can do is to make sure that you are doing as much research as possible. Since this is the technical age, don’t be afraid to go online and get the opinions of other people facing the same problems as you. There are insurance forums online that are devoted to helping people get the best rate possible in their area — why not check them out today and see how much you can save?