{"id":8207,"date":"2014-04-05T08:00:14","date_gmt":"2014-04-05T15:00:14","guid":{"rendered":"https:\/\/www.freeway.com\/?p=8207"},"modified":"2023-09-20T16:39:45","modified_gmt":"2023-09-20T16:39:45","slug":"when-its-cold-in-massachusetts-price-of-car-insurance-heats-up","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/blog\/car-insurance-3\/when-its-cold-in-massachusetts-price-of-car-insurance-heats-up\/","title":{"rendered":"When It\u2019s Cold in Massachusetts, Price of Car Insurance Heats Up"},"content":{"rendered":"

According to a year-long study, drivers purchasing auto insurance<\/a> during the winter time period in Massachusetts were more likely to pay more than if they bought their policies during summer months.<\/p>\n

The study discovered that drivers could be shelling out as much as 20 percent more if the policies were purchased in March instead of in the summer.<\/p>\n

The lowest price range was found from June to September. According to the most recent data available from the National Association of Insurance Commissioners, the average policy ran a Massachusetts <\/a>driver an average of $1,011 in 2011. Compared to consumers who took out policies in July, these same policies could end up costing an average of $200 more if they were bought in March.<\/p>\n

These seasonal differences in policy prices weren\u2019t limited to Massachusetts\u2014in fact, the price variations in the \u201cBay State\u201d ranked as only the 15th<\/sup> largest across the country when compared to the other states. Hawaii came in first in the nation, with the largest difference, marking December as the cheapest month, which was a whopping 50 percent lower than March, the most expensive month.<\/p>\n

Wyoming, the District of Columbia, Maryland, and Pennsylvania <\/a>were next in line with wide variations. The states that registered the most constant prices throughout the year were South Dakota, Arkansas, and Utah.<\/p>\n

The report examined data from the leading carriers in each state. Nationwide, the average difference between the most inexpensive and costliest month was 7.5 percent.<\/p>\n

Companies are not prohibited from filing rate increases at any time during the year, however, they may make them effective beginning in January, resulting in steeper premiums during the first several months.<\/p>\n

Other variables which may affect rates during the year:<\/p>\n