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Is It True That Theres A Certian Time In The Year Where Insurance Is Cheaper?

Marv02
Marv02 Posts: 373 Forumite
in Motoring
A friend said to me that insurance gets cheap around a certian time of the year... Is this true? I mean, I must admit, in March of this year the insurance was £100 less then when quoted now... Is it around the start of every year?
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Comments

  • cardinalbiggles
    cardinalbiggles Posts: 737 Forumite
    Marv02 wrote: »
    A friend said to me that insurance gets cheap around a certian time of the year... Is this true? I mean, I must admit, in March of this year the insurance was £100 less then when quoted now... Is it around the start of every year?

    Yip its true but its actually on specific dates, namely the 31th September, try giving them a ring then...

    ;)
  • baby_fuzz
    baby_fuzz Posts: 699 Forumite
    cardinalbiggles wrote: »
    Yip its true but its actually on specific dates, namely the 31th September, try giving them a ring then...

    ;)

    :rotfl::rotfl::rotfl::rotfl:
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    Marv02 wrote: »
    A friend said to me that insurance gets cheap around a certian time of the year... Is this true? I mean, I must admit, in March of this year the insurance was £100 less then when quoted now... Is it around the start of every year?

    Hmm. Lets think. Insurance covers a whole year. Will it matter which month is first and which is last?;)
  • Marv02
    Marv02 Posts: 373 Forumite
    LandyAndy wrote: »
    Hmm. Lets think. Insurance covers a whole year. Will it matter which month is first and which is last?;)

    I would like to think so... He said buying insurance around the start of every year is cheaper becuase fewer people buy insurance around that time... Apprently.

    Anyways, all jokes aside, is this true?
  • cajef
    cajef Posts: 6,283 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Marv02 wrote: »
    is this true?

    Of course it is true, just like the world is flat.
  • Hintza
    Hintza Posts: 19,420 Forumite
    10,000 Posts Combo Breaker
    The insurance companies will know which months are busy etc so I doubt it.

    The only thing I can think is towards a company's financial year end an individual insurer might be short of their annual targets for policies underwritten and might try and drop prices but who knows.
  • wealdroam
    wealdroam Posts: 19,180 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Marv, your insurance has gone up because you are now a greater risk.

    This thread explains why. ;)
  • Marv02
    Marv02 Posts: 373 Forumite
    wealdroam wrote: »
    Marv, your insurance has gone up because you are now a greater risk.

    This thread explains why. ;)

    Ahaha :) Nah, I doubt that was it.
  • wealdroam
    wealdroam Posts: 19,180 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Marv02 wrote: »
    Ahaha :) Nah, I doubt that was it.
    Why not?

    That car was insured. It was crushed, wasn't it?

    I am sure any insurance company would see that as risky business.
  • hethmar
    hethmar Posts: 10,678 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Car Insurance Carver!
    cardinalbiggles wrote: »
    Yip its true but its actually on specific dates, namely the 31th September, try giving them a ring then...

    ;)

    PMSL for a second there, I thought, damn, Im renewing next week :)
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