While combining coverage can save you money, money isn’t everything. There are a few other things to consider.
For example, if the person you’re considering combining policies with presents a higher insurance risk, that could end up affecting your rates. The rate you pay for insurance could also go up if the person you combine with makes an insurance claim. These are all things you need to consider before deciding to combine your insurance with another person, regardless of what your relationship is.
Be sure to weigh your potential savings against the risks that could come with combining coverage. Before agreeing to combine coverage with someone, learn about their insurance history and what kind of rate they currently pay. While it’s always nice to save money, combining coverage isn’t risk free. That said, when combined with the right person, there may be potential savings for both of you.