When Is The Best Time To Pruchase Car Insurance Plans?

It’s a well-known fact that the cost of car insurance varies depending on many factors, such as your driver’s age, the type of car you drive and claims history. What may come as a surprise, however, is the cost of auto insurance also varies depending on the month you purchase a policy. So, when is the best time to buy car insurance? The info we provide in this blog is based on statistics offered by specialized organizations.  But can always get insurance auto quotes online and compare prices several months in a row.

@ photo1Several studies on this matter are available to the public. The most notable one is the one commissioned by, back in the 2014.  According to that study, the cheapest month to buy car insurance was December. And the month rate variability was huge, in some states the difference between the cheapest month and the most expensive month was around 50% of premium cost.

There is a good reason why December was nominated the cheapest month of the year in most of the states. In December we have Christmas and with this major holiday come a bucket of promotional offers and discounts. Almost every car insurance company wants to attract more buyers in this time of the year and provide really good prices or offers available for a number of months or even years.  As a golden rule, you should check the offers every time there is a major holiday in the United States. Christmas, Easter, Independence Day and especially Black Friday should be on your price hunting schedule.

Still, you can make every day of the year the best day to get car insurance if you know how to shop around for affordable rates or to reduce the cost of car insurance premiums, so you can get better rates upon renewal.

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