The cost of auto insurance varies depending on the month you purchase a policy, according to a yearlong study of 2013 monthly insurance premiums conducted by InsuranceQuotes.com. The study analyzed the average rate for a new full-coverage auto policy for a 35-year-old single male driver with a $500 deductible and a clean driving record in each U.S. state and Washington, D.C.
InsuranceQuotes.com says the study found that December was the least expensive month to purchase auto insurance both nationally and in Arizona, Alaska, Colorado, Georgia, Hawaii, Idaho, Indiana, Maine, Maryland, Minnesota, Montana, New Hampshire, New Mexico, New York, Oklahoma, Pennsylvania, South Carolina, Texas, Vermont, Virginia, Wyoming and Washington, D.C.
Meanwhile, March was the most expensive month to purchase auto insurance both nationally and in Alabama, Arizona, Alaska, Delaware, Georgia, Hawaii, Illinois, Kansas, Louisiana, Massachusetts, New Jersey, South Carolina, Washington, Washington, D.C., West Virginia and Wisconsin.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
