Top Five ways of saving money on your car costs
Published Date: 6th Feb 2023
Money-saving tips for driving and controlling your car costs can be difficult, especially as prices continue to rise. With the right knowledge and techniques, however, you can help keep your car running in top shape while keeping more money in your pocket. Here are five ways to get you started on your journey of saving money on your car costs.
First and foremost, it is important to shop around for the best insurance rates available. Quotes for insurance can vary significantly between providers. Therefore, it is important to compare quotes from different companies before making a decision on which one to go with. It is also worth giving your current insurance company a call – they might be willing to haggle and offer you an even lower rate than what other companies are offering! Additionally, if any cheaper deals do appear during this process, make sure to act fast as these offers may only be available for a limited amount of time.
Second, adding an experienced driver (other than yourself) onto the policy can help reduce premiums significantly due to the shared risk of having multiple drivers involved in the policy. Adding somebody else onto the policy differs from having a named driver; while a main driver does most of the driving, a named driver will drive occasionally or share responsibility over driving duties. Insurance companies will likely ask questions regarding the named driver's history before adding them onto the policy, and there may be some fees associated with this process, but these fees should still result in lower overall insurance costs when compared to policies without an additional driver included.
Thirdly, investing in smartphone applications such as Parkopedia and JustPark can help you find cheaper petrol stations as well as cheaper parking spots nearby - helping you save money over time. Furthermore, parking farther away from your destination than usual could also help reduce costs; however, take into consideration how long it would take you to walk, as that might not always be worth it, depending on how far away it is!
Fourthly, taking care of simple maintenance checks for your car such as checking oil levels and tyre pressure/tread depth, can prevent minor issues that could otherwise result in expensive repairs down the line if left unchecked or unrepaired for too long. Taking care of these small tasks helps ensure that your car stays in great condition while preventing any extra unexpected payments from occurring later on down the line due to neglecting basic maintenance checks that would have been rather easy (and cheap!) had they been done early enough.
Finally – drive slowly! Driving at steady speeds of 50 miles per hour instead of 70mph can improve fuel economy by 25%, adding up over time and saving significant amounts! Planning each journey ahead of time allows you to anticipate traffic patterns, so you don’t have to start and stop unnecessarily constantly; pre-planning routes helps you save fuel while still reaching destinations quickly and efficiently - all while saving money!
Overall, incorporating some or all of these tips into your daily routine should help reduce expenses associated with owning a vehicle over time - allowing you to keep more money in your wallet! Money-saving strategies like shopping around for better insurance rates or adding an additional experienced driver onto an existing policy are great starting points but coupled with smart driving habits such as pre-planning routes or reaching destinations at steadier speeds will result in higher levels of savings overall throughout ownership!
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