For the first time, data reveals that Car Insurance Policies are most expensive in the month of December.

Over the past four years, the cost of typical car cover has been 13% higher in December in the UK compared to the monthly average for the rest of the year.

This means drivers purchasing annual policies in December will unknowingly be caught in a price trap, whereby they will always pay the most for their insurance.

The average Car Insurance Policy is 19% more expensive in December when compared to the cheapest month of the year.

The cheapest month to buy Car Insurance varies from year to year, but between 2013 and 2016, December was by far the most expensive month.

Part of the reason is that over Christmas and around New Year, there is a limited availability of call centres and a lot of companies doing IT work. So fewer Insurance quotes are generated.

Due to drop in competition, those who are offering Insurance quotes are able to charge higher prices.

Conversely, January is a very good time for low prices, as every provider is back in the market quoting furiously to get a good start to the year.

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