When is the best time to get car insurance?

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Things to Remember...
  • Research has shown that car insurance premiums are lowest in December and most expensive in March
  • Insurance carriers typically send out policy renewal notices 30 days before the policy renewal date
  • You can cancel your current policy at any time but depending on your state and insurance provider, you may have to pay a cancellation fee
  • You can find a new policy and activate it once you receive your renewal notice
  • A comparison tool can help you find better coverage at a more affordable price

You can switch your car insurance at any time. However, you may benefit from waiting several months before switching. Research has shown that car insurance premiums are lowest in December and most expensive in March.

It is also important to note that some insurance carriers may charge cancellation fees if you cancel before your renewal date.

If you are ready to change your car insurance provider, a comparison tool can quickly help you find and purchase a new policy.

Start comparing auto insurance rates now by using our FREE tool above!

At the End of Your Current Policy

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Insurance companies usually send out notices 30 days prior to the end of your policy. When they do, you are free to not renew your policy and choose another insurance carrier.

To accomplish this task, you should use a comparison quote tool to quickly shop around for a new car insurance policy.

Car insurance comparison tools allow you to enter information about yourself, your driving habits, your car and the type of policy you’d like.

Once you hit enter, the tool will search available policies from multiple insurance carriers and return results for the ones that match your insurance needs.

When you receive your results, you need to look at the insurance premium and compare the details of the policy against your current policy. In most cases, you will be able to find a better policy for less money.

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When You’ve Been Cancelled by Your Current Insurance Company

Car insurance companies can cancel car insurance policies for almost any reason.

Common reasons include not paying your premium on time, getting into too many car accidents, receiving a certain amount of points on your license within a certain period of time, or filing too many claims.

The good news is that your insurance company must notify you in writing if they plan to cancel your insurance policy, and they must provide you with an end date.

If your insurance company does not provide you with a letter or you feel your rights have been violated, you can usually file an appeal. States like Massachusetts and South Dakota offer documents on your rights if your policy is canceled against your wishes.

When you receive a letter from your insurance company notifying you of the cancellation of your car insurance policy, it is in your best interest to quickly find and purchase a new insurance policy from another carrier.

A comparison tool can help you quickly find and compare insurance policies from multiple carriers. Once you find a policy you can afford that meets your needs, you can purchase it online.

When to Cancel

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You can purchase a new car insurance policy at any time. However, it is important to check with your insurance company and the regulations in your state to determine if you will need to pay any cancellation fees.

For example, in Connecticut, it is legal for an insurance company to charge a cancellation fee if the policy is canceled prior to the expiration date. The Connecticut insurance company is allowed to charge a percentage of the remainder of the policy or a flat cancellation fee.

According to MarketWatch, the cheapest month to get car insurance in the United States is December.

On average, drivers that switched their insurance policies in December saved 7.5 percent when compared to drivers that purchased new policies in March.

Drivers that live in Hawaii, Washington D.C. and Maryland can expect to save the most by purchasing their car insurance in December.

The most expensive month to purchase car insurance was March.

You can find and purchase a new insurance policy at any time. However, some insurance companies may charge cancellation fees for canceling your policy in the middle of your term. To find better coverage at a more affordable rate, you can use a comparison tool.

Enter your zip code to start comparing rates immediately!

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