adjacent Monday, February 1st, is “ Car Insurance Day, ” which is a bang-up prison term to review your current car indemnity rates. And while picking one day out of the year to pay attention to one of the things in your life that you credibly never pay care to might sound eldritch, reviewing your options can actually save you a lot of money over time. But does that mean that Car Insurance Day is the best day to buy car indemnity ?

What is Car Insurance Day?

According to Happy Days 365, the true origins of Car Insurance Day are unknown. But they do know that it ’ s technically celebrated every February 1st. And while it ’ second basically good another non-official vacation akin to days like “ National Siblings Day ” and “ National Chocolate Cake Day ” ( which is today, January 27 ), it ’ mho calm a commodity clock to go over your stream car indemnity policy and number out if you need to make any adjustments to it .
The front end of a vehicle after a car accidentThe front end of a vehicle after a car accidentCar Insurance | Win McNamee/Getty Images
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Car insurance never goes on sale

While we would like to think that Car Insurance Day would probably be the best day to buy insurance, the truth of the matter is that car insurance never actually goes on sale. As such, there ’ s no wrong time to switch cable car policy companies if you find one that can offer you the same coverage, if not better, for cheaper. however, do note that timing is everything when it comes to buying car indemnity. states that many of its users shop for car indemnity an median of 41 days before their current policy is up to get the best rate possible. The reason for this is that most policy policies are six months long, which gives your indemnity company batch of prison term to raise your rate if you ’ ve been in an accident during that time, but that besides means you have a lot of time to shop for a better rate before your policy is up .
Car Insurance PremiumsCar Insurance PremiumsCar Insurance Premiums | Steve Liss/The LIFE Images Collection via Getty Images/Getty Images
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No insurance company is the cheapest

If you do look into your current indemnity policy and find that you do want to make some adjustments or even shop for a lower rate, then be sure to compare quotes between different companies to find the lowest one. just because one insurance company advertises that they are the lowest on television receiver, it doesn ’ metric ton mean that ’ s always the case. Nerd Wallet conducted an analysis based on a hypothetical 40-year-old driver with a clean drive record buying a full coverage policy on a 2018 Toyota Camry LE .
What they found was that in Florida, State Farm quoted them $ 1,766 per class, while Geico was $ 239 higher. On the flip side, in California, Geico was the cheapest with an average rate of $ 1,458, while State Farm quoted them $ 423 higher. So the moral of the history is that insurance quotes can vary widely depending on the driver, the type of car you ’ rhenium cover, and even your location.

A crashed black carA crashed black carA crashed car | Joe Giddens/PA Images via Getty Images
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Always ask for a discount

Since we ’ re on the topic of saving money on car policy, Nerd Wallet besides suggests to always ask for any discounts potential when shopping for a quote. many insurance companies will give discounts for the play along :

  • Bundling car insurance with other types of insurance (renters, home, etc.)
  • Insuring multiple cars under the same policy
  • Having a clean driving record
  • Paying for your insurance policy all at once
  • Agreeing to paperless billing
  • Having anti-theft equipment on your car

With all of this in mind, be certain to shop around and get multiple quotes before committing to anything. While February 1st might not mean that you can score the best distribute on car indemnity, it can at least be a effective day to save some money by switching your policy policy to a different caller .

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