You shop around for auto insurance every year, right? This
habit helps you compare different companies, upgrade or downgrade your coverage
based on your needs, save money and ultimately ensure you have the best
possible coverage. Do you know which month offers the most affordable auto
When you Shop for Auto Insurance Matters
A recent study conducted by 4AutoInsuranceQuote.com tested
auto insurance rates during a 12-month period. The results reveal that auto
insurance quotes vary by as much as 48 percent based on which month you shop.
December is the cheapest month for auto insurance quotes.
Shop during the last month of the year, and you could save up to eight percent.
Unfortunately, March is the most expensive month for auto insurance purchases.
Where you Shop Matters
Your location also influences your auto insurance costs.
Hawaiian residents pay up to 48 percent more when they buy a policy in March.
Pennsylvania residents spend more for auto insurance when they shop in April.
Some areas don't follow the norm, though. Eleven states report higher auto
insurance rates in December.
Why do Prices Fluctuate?
Despite the results reported in this study, no one knows why
auto insurance prices fluctuates. States each regulate their own auto
insurance, which could play a role. Also, the results could change each year
based on new car purchases and other factors.
Find Additional Auto Insurance Savings
Even though March is the most expensive month in which to
purchase auto insurance, you can still save money on a new policy this month.