Do you need to hire insurance for your car, but have doubts about the best time of the year? So, check out this blog post for some tips that can help.
Car insurance is very important because it protects your assets while avoiding financial unforeseen. However, many drivers still see it as an expense and drive around without protection. And did you know that it is possible to choose the best time to insure your car?
It is this subject that we are going to talk about in our blog post, showing the ideal time to hire you and which periods of the year are the most advantageous. Interested? So, join us in reading!
Is there a better time to take out auto insurance?
The first issue to take into account before we talk about the best time to hire auto insurance, is not to leave your vehicle unprotected. Even more so if you just bought a new car. The idea is to invest in a policy as soon as possible so you don’t have any damage right away.
But if you can wait, and have time to plan, it is possible to find a better time of year to get a good deal.
This is because, in certain months of the year, values fluctuate due to the pace of sales and prices of cars at dealerships.
We can cite as an example the end of the year when the value increases due to the greater number of people interested in acquiring a new vehicle. Generally, the trend is that a greater number of sales also increases the demand for insurance.
How do insurance amounts and conditions change throughout the year?
The first quarter of the year
January and February are months when many families usually hit the road to enjoy the holidays or visit family members. As they will be more subject to unforeseen circumstances, many drivers try to take out car insurance before going on a trip. Thus, with more demand, the price of the policy tends to increase.
the second quarter of the year
The second trimester is the best time to take out auto insurance. In this period, demand decreases, due to the fact that many people are not going out to travel. Also, the time to pay bills such as IPVA and school enrollment, for example, has passed. That way, you can hire insurance without messing with your budget too much.
The third quarter of the year
This is also a good time to take out insurance for your car. As in the second semester, people tend to leave the house less. And the budget gets a little looser.
The fourth quarter of the year
The arrival of the end of the year makes people look again to plan their trips. And, as we have already mentioned, with the increase in demand for insurance, the tendency is for their prices to rise as well.
However, it is always good to emphasize that during this holiday period, vehicles must have insurance. After all, the movement on the roads increases considerably. And we never know when an unforeseen can happen, do we?
How to choose the ideal time to hire?
You saw earlier that, in some months of the year, the value of insurance tends to be cheaper due to low demand. However, as we said at the beginning, the important thing is to always be able to count on insurance protection.
With so many unforeseen events that can occur when driving around, the price of the policy ends up taking a back seat. Because cheap can be expensive.
Therefore, the best time to take out car insurance is the one that will always keep you protected!
Thanks for reading this article by ExtNext, hope you will learn something about Auto Insurance.
