According to a yearlong study, car insurance prices actually vary for as much as 48% depending on the time of the year it was purchased.
4AutoInsuranceQuote.com, a website that helps clients receive the best car insurance quotes Brooklyn New York, has recently announced the launch of its most recent article entitled “What Month Are Car Insurance Rates The Cheapest?”
According to an article from CNN Money which was published on the 30th of January this year, a yearlong study showed that December is the best time to buy car insurance since coverage was found to be approximately 8% cheaper than March, which is the most expensive month. A study also concluded that the cost of insurance premiums vary from state to another. Take for instance in Hawaii, the residents who acquired car insurance policies in December paid up to 48% less than those who got their policies in March; Meanwhile, studies show that in Pennsylvania, April was the most expensive month to acquire auto insurance. (more…)