Does Having a Baby Lower Car Insurance Rates?

While having a baby doesn’t mean you get to check off the box next to a “first-time parent”

field to receive a direct discount for auto insurance, there are some ways that

directly and indirectly help you to benefit.

Though it may seem like completely random numbers, insurance companies take many factors into account when generating car insurance premium pricing. They use: • patterns in behavior• personal driving history• car choices• stage of life as indicators of responsibility, and thus,

safer driving

Though you can’t change your personal driving history, there are certain behaviors and choices that are often associated with more responsible drivers, such as

Behaviors and Choices associated with good drivers:• Choosing a car with safety features• Having good credit• Being a good student• Having taken driving lessons• Being married

In addition to being responsible drivers, often, couples who have a new baby make certain changes that also directly impact auto insurance rates and premiums.

To accommodate a baby seat and all the luggage that comes with traveling with a baby, you may choose to purchase a bigger car, which may cause your car insurance rate to go down (generally, a larger car is considered safer in a crash).

To ensure that the car you’re thinking of buying qualifies for a lower insurance rate, check with the Institute for Highway Safety’s (IIHS) Top Safety Picks.

If you purchase home insurance with your car insurance, then you often receive a discount as a bundle price.

Though car insurance companies generally assume that having a baby will cause you to be more responsible in your driving because you are:• driving less• more aware of your surroundings• driving more defensively

Do you think having a baby should lower your insurance? Feel free to share your thoughts in the

comment section below.

Let us know in the comments section below!