The Results of a Yearlong Study Showed That Car Insurance Prices Can Vary by as Much as 48% Depending on the Month in Which it Was Purchased
New York, NY / ACCESSWIRE / January 24, 2015 / 4AutoInsuranceQuote.com, a website that specializes in helping its clients receive the best possible auto insurance quote for their vehicles, recently announced the launch of its latest article: "What Month Are Car Insurance Rates The Cheapest?" The article, which can be found at http://www.4autoinsurancequote.com/learning-center/month-car-insurance-rates-cheapest/, shows clients the cheapest months to buy car insurance and explains why there are so many pricing variables.
According to 4AutoInsuranceQuote.com’s post, a yearlong study revealed that December was the best time to purchase car insurance because coverage was found to be as much as eight percent cheaper than March, the most expensive month. The study also showed that the cost of insurance varied by state. For example, Hawaii’s residents who took out car insurance policies in December paid up to 48% less than those who purchased a policy in March, while in Pennsylvania, April was the most expensive month to purchase car insurance.
The researchers could not pinpoint a single factor that explained why prices varied so much each month, especially because some states did not fit the patterns. For instance, even though December was usually the cheapest month to buy insurance, it was actually the most expensive month in 11 states. However, the study was only conducted over the course of a year and was the first of its kind, and researchers believed that pricing patterns varied because auto insurance is regulated individually by each state.
When searching for the cheapest car insurance policy, 4AutoInsuranceQuote.com recommends obtaining quotes from at least three different insurance providers. Many comparison quote sites provide users with a trustworthy list of rates that they can choose from. 4AutoInsuranceQuote.com believes that it is important to note that insurance policies may change after a customer speaks to an insurance agent.
“In the end, the best way to get a good price on your car insurance is to make sure that you shop around,” stated the article. “Take the time to look at several different insurance companies and remember to not only compare the price, but to also compare the coverage that you receive.”
Individuals interested in learning more about 4AutoInsuranceQuote.com and its insurance tips can visit the company’s website for additional information.
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4AutoInsuranceQuote.com is a free auto insurance quote provider based in New York City. Founded in 2008, 4AutoInsuranceQuote.com has provided more than two million insurance quotes. Visit 4AutoInsuranceQuote.com today to get a free quotation for your vehicle.
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Source: 4AutoInsuranceQuote.com