You may not want to just apply the brakes on Labor Day weekend, you may want to avoid driving altogether.

AXA car insurance warns drivers to stay off the road on September 1, which has been the worst day for accidents, each year, for the past three consecutive years. They are especially concerned with the timing of the date this year.

"Every year we see a surge of accidents at this time of year as people head back after the August bank holiday, or return home after their summer holidays," said Sarah Vaughan, motor director at AXA insurance. "Generally speaking we tend to see lots of accidents on our roads over the few days following the bank holiday Monday. However, we are particularly concerned this year that the 'bogey' date of 1 September also falls on a Saturday which is traditionally a big 'switchover' day for holidaymakers."

AXA said that last year, the insurance company saw 40 percent more claims filed on September 1, when compared to an average day. The previous two years, they saw 30 percent more claims filed when compared to the average day.

It could just be a coincidence, but the most dangerous day to be on the road is also the best day to buy a car. According to some experts, the last car buying holiday before the winter months falls on September 1, making new car dealers more likely to offer price reductions on new cars.