COSTA MESA, Calif. - eTradeWire -- Whether you just found or lost love, your insurance needs will change. In fact, getting married or divorced allows people to buy health insurance outside of the Open Enrollment period, which usually runs November to January. But that's not all. There are changes to be made with car insurance, homeowners or renters insurance. For instance, married couples save around 20% on car insurance! Even health and life insurance policies need to be tweaked to stay current and accurate. Commercial insurance will be affected too, if you plan to go into or get out of a business with a significant other. As you can see, there is a relationship between love and insurance, so see if you need to make changes to your policies now based on your current love life!

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Auto Insurance if You Get Married

If you get married, you'll automatically earn a car insurance discount. If you consolidate plans and have more than one car together, you'll get a multi-car discount. It pays to fall in love sometimes.

You can opt to still have separate policies if one of you will drag down the credit score for the other. Ask an insurance agent to run the numbers to see which scenario will reap the most savings.

Auto Insurance if You Get Divorced
There's no reason to stay on a spouse's auto insurance if you're divorced. It's best to cut ways, even if it costs a little more. If you have poor credit, you may pay a higher premium than what you shared with a spouse, so work on paying bills on time and not skipping payments. You should see a reflection of the improvement on your car insurance bills at renewal.

Keep reading to see about home, health, life and commercial insurance and how they are impacted by marriage and divorce: https://smartfinancial.com/manage-life-changing-events