So lease a car this month and take advantage of cheaper insurance too!

 

According to new data, motorists who insure their car during the month of August pay 10% less on average than drivers who renew or take out vehicle insurance in January.

Apparently, August is the cheapest month of the year if you’re looking to insure a car, so now’s the time to lease a brand new car from Clear Car Leasing – remembering you need a fully comprehensive insurance policy with a lease vehicle!

In August last year, the average price for car insurance was quoted as £496.16 on MoneySuperMarket, yet in January the same year the price was much higher at £549.25 – more than £50 difference between the cheapest month and the most expensive.

Short, Simple, Clear Car Leasing

Apparently, August is the cheapest month for car insurance, so now’s the best time to lease a car!

Looking at more data from MoneySuperMarket, during the first half of 2019, the average quote on a fully comp insurance policy stayed below £500 for two consecutive quarters – the first time since summer 2015. In the first quarter, the average quote was £466 but increased to £472 in the second quarter.

After analysing 1.7 million insurance quotes, it was discovered that drivers in Kirkwall benefitted from the biggest fall during the second quarter of 2019, with a 5% drop from £334.65 to £317.62.

Furthermore, motorists in Durham, Galashiels and Norwich saw insurance quotes fall by 3%, whilst drivers in Darlington, Lincoln and Paisley benefitted from a 2% drop.

The most expensive place to insure a car is still in East London, where a fully comprehensive insurance policy was quoted on average of costing £935.20.

In contrast however, the cheapest quotes were on the Isle of Lewis in the Outer Hebrides, at just £303.47. The average quote taken as a whole in London was £668, whereas in Scotland it was only £364.

There’s also been a decrease in price quotes for the two youngest age groups during the past 12 months, with 17-19 year olds benefitting from a drop of 12% to £993.61, whilst 20-24 year old insurance quotes dropped 5% to £939.72.

Also, the average quote for female drivers fell 4% to £423.36, whilst male quotes dropped 5% to £516.15.

Emma Garland, data scientist at MoneySuperMarket, said: “It’s good to see premiums staying below £500 for the second quarter running.”

 

 

For more information regarding our business/personal car & van leasing services and fantastic offers, give us a call TODAY on 01904 55 75 44 or email: sales@clearcarleasing.co.uk

Simply complete our ‘Quick Quote’ form for a no obligation quotation or chat with a member of our team NOW using our online ‘We Are Here!’ service.


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