A joint policyholder typically refers to two or more people who live at the same address and own a single auto insurance policy. Depending on your carrier or insurance, each party may be able to use, be responsible for, and adjust the policy as needed. Often, it is not required for both or multiple holders to own the car to be joint policyholders in car insurance.
Who can become a joint policyholder?
Car insurance joint policyholders are typically married couples; however, depending on the policy, they can often be two or more individuals who share the same address. This could include unmarried couples, roommates, or family members.
Often, insurance for joint policyholders may help cover one or multiple cars, depending on their policy. To have a joint auto insurance policy, either party can usually contact their insurance agent and request one. This may be as simple as listing the other person on the current policy, or it may need a new policy. To best know who can and can’t be a joint policyholder, it may be helpful to discuss this with your insurance agent.
How joint policy premium is determined
Joint policy premiums may have numerous determining factors, which can include:
- Driving records
- Credit scores
- Type of vehicles being insured
- Location
Before approval, most insurance carriers may want to verify that both parties live at the same address. You may be able to do this through utility bills or lease agreements.
If your insurance carrier doesn’t offer joint polices, you can contact Infinity Insurance Agency, Inc. (IIA). We work with many carriers that may be able to provide policies that work for you.
Why joint policies may help you
Being a car insurance joint policyholder can come with many benefits:
- Equal responsibility and authority with the holder
- Lower monthly premiums
- Potential discounts
You can talk to your insurance agent to see if you can save money with a joint auto insurance policy.
Find a carrier that offers joint policy
Infinity Insurance Agency, Inc. (IIA) can assist you in finding a carrier that can offer insurance for joint policyholders. We have a network of numerous carriers, which can help you find a policy that works for you.
Get a free quote or call IIA at 1-855-478-3705 to speak to our Spanish-bilingual representatives today.