When is the Cheapest Time to Buy Car Insurance?
2 Answers
The period from January to March each year is generally the cheapest time to buy car insurance, as many insurance companies launch promotional activities at the beginning of the year. Below is some relevant information about car insurance: 1. Purchase Channels: For new cars, you can buy insurance through 4S stores, direct sales from insurance companies, phone applications, online applications, or car insurance agents. Each channel has its advantages, and car owners can choose based on their specific needs. 2. Types of Insurance: Generally, car insurance includes compulsory traffic insurance, vehicle damage insurance, third-party liability insurance, theft insurance, water damage insurance, spontaneous combustion insurance, and no-deductible liability insurance.
I usually drive to and from work, and saving money is my habit. The cheapest time to buy car insurance is usually during major shopping festivals or e-commerce promotions. During events like Double 11 or 618, insurance companies offer various discounts and cashback promotions to attract customers. Renewing your policy early is also cost-effective—don’t wait until a week before your insurance expires; it’s best to start comparing prices about a month in advance. Online platforms like Alipay or car insurance websites allow quick quote comparisons, and online purchases are often 10%+ cheaper than offline stores. Additionally, at the end of the year when insurers push for performance targets, November to December often sees big promotions. A good safe driving record or installing a dashcam can also stack additional discounts. These tips helped me save over 200 yuan last year.
