Car insurance is essential, but many drivers don’t know that when you shop can change your costs. Rates depend on your driving history and vehicle. They also vary with seasonal factors, market cycles, and renewal timelines.
So, when is the best time of year to shop for car insurance? Let’ s break it down.
Do insurance rates change throughout the year?
Yes, car insurance prices don't change like airline tickets. Still there are patterns:
- Quarterly and yearly company reviews: Insurers adjust pricing models every few months.
- Seasonal demand: Many people buy insurance at specific times each year. This change can impact competition.
- Personal timing: Your own renewal date may be more important than the season.
Best Times to Shop for Auto Insurance
1. Before Your Policy Renews
- The best time to shop is 30-45 days before your current policy expires.
- Why: You’ll avoid last-minute stress and give yourself leverage to compare offers.
2. End of the Calendar Year (November–December)
- Many insurers adjust rates before the new year.
- Some companies also offer holiday promotions.
- It's a good time to lock in lower rates before January increases.
3. Spring and early summer
- More drivers shop for cars in spring; insurers compete more hard.
- Some states see new discounts or regulatory changes roll out in Q2.
4. After Life Changes
Not tied to the calendar but just as important:
- Moving to a new ZIP code
- Buying a new car
- Adding a teen driver
- Marriage or retirement
Life events often trigger rate changes, which means it’s smart to shop again.
When NOT to Shop for Insurance
- Right after an accident or claim, the system may not have updated your record, so quotes could be higher.
- During a lapse in coverage, insurers will see you as a higher risk.
Tips for Getting the Best Deal Any Time of the Year
- Compare many providers (don’t stop at the first quote).
- Ask about discounts for safe driving, bundling, or low mileage.
Review your coverage each year even if your life remains the same.