Car insurance bought in December could cost £100 more than in February

End-of-year targets for car dealerships may mean you can bag yourself a festive bargain by shopping in December. But be warned, as the money you save on your car could be eaten up by a higher price of insurance, new research by price comparison website MoneySupermarket has revealed.

The firm's analysis found that fully comprehensive car insurance policies are an average of 15 per cent more expensive if bought in December than those bought just two months later in February. In fact, December is the most expensive month of the whole year in which to purchase car insurance.