Married Couple

• Generally auto insurance will become more affordable when you are married.  Discounts for having multiple cars also help.  It’s still critical that you properly manage your finances, because your credit score will still affect the rate you are charged.  You should review the limits of coverage and deductibles to make sure you are adequately protecting yourself.

• Home ownership is most common at this stage.  Whether it’s the first home you buy or not, be sure to take some time and have your agent explain the coverage to you.  Having a good understanding will help you make the right decisions on limits and deductibles both at this time and in the future as your financial situation changes.  You should also look into scheduling high value items such as your wedding and engagement rings.

• While it’s more common today for both spouses to be employed, you will have to make important decisions regarding health insurance.  Examine the coverage that each has available and decide whether one plan is better than the other.  Also, how much does each cost out of pocket?  Life insurance is a very important issue at this stage.  You now have a dependent and each of you should be insured in case the unexpected happens.  This will only become more important as you build a family together.  You should talk to an agent to see what options are available to you.