Why this is actually the worst month to insure your car – and here's how you can save


MOTORISTS who buy their car insurance after the year repay to lb100 a lot more than those who wait until 2012 for cover.

Last year, average comprehensive insurance plans for the month of December were 15 percent greater than January and February.

So even if you be able to nab a price reduction on the new motor in December as dealers look to shift cars before the end of the year.

It could actually pay to be patient to prevent spending on insurance – plus you should look around more than ever before to find the best deal.

Data analysed by MoneySuperMarket showed premiums peaked at the end of the year as insurance providers took advantage of the hectic lead-up to Christmas.

Kevin Pratt, consumer affairs expert at MoneySuperMarket, said: “Insurers know we're generally busy within the run-up to Christmas, and maybe more prone to accept the renewal quote than to shop around for any cheaper deal.

"That makes it all the more important to challenge the renewal price by finding out how much less you could pay elsewhere.

“Another reason car insurance is more epensive is the fact that some insurers don't compete as vigorously for business at the moment of the year.

"This is because they have fewer staff working thanks to the seasonal holidays and do not want large amounts business.

"But if one insurer is quoting a high premium, then a pound to a penny there's plenty who'll charge less.

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"It's quick and easy to operate an estimate online to get the best price.”

MoneySuperMarket's data also found, in the past 2 yrs, comprehensive car insurance premiums have risen an average nine percent, from around lb530 to lb578.

Drivers in Northern Ireland happen to be hit the toughest by the increase Up by 17 percent.

They're closely accompanied by costs within the East Midlands, which have risen by 16 percent.

Motorists in Scotland and the West Midlands also experienced a price hike of approximately 10 %.