Drivers are being warned that the time of year that they apply for their car insurance can see the price fluctuate.
It found that December was the worst month for motorists to take out a comprehensive car insurance policy.
On average is 18 per cent more expensive, costing £85 more than motorists to insure it just two months later in February.
The data was provided by MoneySuperMarket which analysed over six million car insurance quotes between January 2013 and October 2018.
It found that traditionally December is the most expensive time for motorists to insure their vehicles, while February is the cheapest.
Cover taken out in December cost on average £560.80 while it cost £475.60 in February over the past five years.
Over the same period of time fully comprehensive premiums have increased by £58.60 (13 per cent).
The region that was the worst affected by the increase in prices was the East Midlands which saw premiums rise 20 per cent in five years.
It was followed by the West Midlands (19 per cent), Scotland (17 per cent), the South East (12 per cent) and the South West (10 per cent).
Tom Flack, Editor-in-Chief at MoneySuperMarket, commented: “People buying a car often wait until December to secure a bargain as dealers look to shift stock before the end of the year, but it comes with the downside that it’s the most expensive time of year to buy insurance.
“Those insuring in December pay, on average, £85 more per year than those who take out insurance in February.
“No matter when your car insurance is up for renewal, it pays to shop around on a price comparison site. You could end up saving as much as £276 a year just by switching insurers.
“Alongside searching to ensure you’re on the best deal for you, it pays not to wait until the last minute: insurers give consumers a 45 day window to renew their policy and often reserve the best prices for those who are organised and don’t leave it late, as they are perceived as safer drivers.”
The price increase in premium fully comprehensive policy from Jan 2013 to October 2018
- East Midlands: £82.79
- West Midlands: £94.51
- Scotland: £56.13
- South East: £46.66
- South West: £31.24
- Wales: £36.89
- London: £57.39
- North West: £34.86
- Northern Ireland: £23.97
- North East: £15.82
Daily Express :: Cars Feed