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February and August are the cheapest months on boilerplate to booty out absolutely absolute car insurance, according to assay by MoneySuperMarket.

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The amount allegory wesbite analysed 49 actor car allowance quotes from 2013 to 2019, to acquisition that August and February accept been the cheapest months to booty out car insurance, three times each, for six out of the antecedent seven years.

For the aftermost two years August has been the cheapest ages for car insurance, with motorists advantageous an boilerplate of £469 for their action in 2019 – a extenuative of 10% or £52 compared to the best big-ticket ages of December, back it amount £521.

READ MORE: Car allowance premiums in Britain acceleration 5% in 2019

In 2018, those who purchased car allowance in August paid £495, compared to £538 in December.

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In 2017, February was the cheapest ages with premiums costing an boilerplate of £544 – a extenuative of 10% or £62 compared to the best big-ticket ages of November, back they would accept paid £606.

Motorists who took out a absolutely absolute action in December 2016 paid £644 – an access of £100 compared to those who bought their action aloof two months after in February 2017, who paid £544.

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READ MORE: Over-30s advantageous added for car allowance premiums, abstraction finds

The abstracts additionally acknowledge that the boilerplate amount of absolutely absolute car allowance premiums has connected to rise, from £435 at the end of of 2013 to £503 at the end of 2019 – an access of £68, or 16%, over the seven-year period.

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While longer-term assay shows an access in the amount of premiums, abstracts from MoneySuperMarket’s Car Amount Monitor shows that boilerplate premiums accept beneath year-on-year. The boilerplate amount of a car allowance exceptional at the end of 2019 was £503, compared to £527 in 2018 – a 5% fall..

Younger drivers abide to pay the accomplished prices for car insurance, with those age-old 20 to 24 advantageous an boilerplate of £1,008, and those age-old 17 to 19 advantageous an boilerplate of £995 for a absolutely absolute policy.

READ MORE: How to abstain a blowzy breakdown with your car allowance company

Meanwhile, drivers age-old 65 or over pay an boilerplate of £286 – over three times beneath than drivers in the 17 to 19 and 20 to 24 age groups.

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“People purchasing a car about delay until December to defended a bargain, as dealers try and lock in sales afore the end of the year. The alone downside, is that it is about the best big-ticket time to buy a car allowance policy,” Emma Garland at MoneySuperMarket said. 

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“Our abstracts shows that February and August are about the cheapest months to buy car insurance. This could be because beneath cars are bought, due to bodies captivation off for the new agent plates that are issued in March and September.

READ MORE: How to cut your car allowance costs

“Not anybody will accept the best to booty out a action in February and August, but there are still means to accomplish cogent savings. Always boutique about at the time of face-lifting to ensure you get the best accord for you – accomplishing so could save you £270.”

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