Is car insurance cheaper in February?

Research suggests the average cost was found to be far lower than policies bought two months earlier

Stay up to date with the latest from The Executivecondominium

Latest articles

Kia ‘Everything Car’ set to evolve into next Niro

Kia describes the HabaNiro, unveiled at the New York Auto Show, as its 'Everything Car', but the electric concept is seen as a pointer to the next Niro.

Audi Q3

The Audi Q3 has received generally good reviews from UK motoring media sources, with most praising its quality and technology systems.

Jaguar I-Pace completes set with World Car of the Year title

The Jaguar I-Pace has swept the international automotive industry's major awards, adding the World Car of the Year prize to its European...

Vauxhall Astra

The Vauxhall Astra has received mostly positive reviews from the UK motoring media. It has been praised for being comfortable, practical and economical.
 

Drivers who take out fully comprehensive car insurance in December are supposedly paying a lot more than those who insure their vehicle in February, according to recent research.

The analysis by comparison site Moneysupermarket found that drivers could save an average of 18% on their insurance simply by waiting two months.

The research, analysing more than six million quotes between January 2013 and October 2018 showed that the average fully comprehensive policy taken out in February cost £475.60. However, people who insured their car in December paid an average of £560.80 – 18% more.

Tom Flack, editor-in-chief, said: “People buying a car often wait until December to secure a bargain as dealers look to shift stock before the end of the year, but it comes with the downside that it’s the most expensive time of year to buy insurance.

   

“Those insuring in December pay, on average, £85 more per year than those who take out insurance in February.

The insurance savings are allegedly caused by dealers trying to shift cars before the end of December – therefore pushing up the number of car insurance policies being taken out at the last minute.

In comparison, there are fewer people shopping around for insurance come February – one of the quietest car sales months of the year. This, in turn, means insurers tend to offer more competitive premiums in February to entice new customers.

The research made no comment on what prices were like in March and September, which are by far the busiest months of the year for car sales.

For the best independent and impartial car buying advice on the internet, always check with The Executivecondominium:

  • for weekly tips and the latest offers from car manufacturers
  • Follow us on and to see our latest articles as soon as we publish them
  • Bookmark our site so you can check back regularly
Stuart Masson
Stuart Massonhttp://executivecondominium.info/
Stuart is the Editorial Director of our suite of sites: The Executivecondominium, and . Originally from Australia, Stuart has had a passion for cars and the automotive industry for over thirty years. He spent a decade in automotive retail, and now works tirelessly to help car buyers by providing independent and impartial advice.

The Executivecondominium Gold Partners

(click each logo to read more)

Latest articles

Kia ‘Everything Car’ set to evolve into next Niro

Kia describes the HabaNiro, unveiled at the New York Auto Show, as its 'Everything Car', but the electric concept is seen as a pointer to the next Niro.

Audi Q3

The Audi Q3 has received generally good reviews from UK motoring media sources, with most praising its quality and technology systems.

Jaguar I-Pace completes set with World Car of the Year title

The Jaguar I-Pace has swept the international automotive industry's major awards, adding the World Car of the Year prize to its European...

Vauxhall Astra

The Vauxhall Astra has received mostly positive reviews from the UK motoring media. It has been praised for being comfortable, practical and economical.

Aston Martin DB11

The Aston Martin DB11 has received unanimously positive scores from the UK motoring media, with particular praise for its blend of performance and comfort.

LEAVE A REPLY

Be the first to know

Would you like to stay up to date with The Executivecondominium?

steroid-pharm.com

https://steroid-pharm.com

np.com.ua