As costs increase, you might want to save money on your vehicle expenses since they are a necessary part of life. Here are some tips that can add up to big savings if you use them all.
Drive the Way You Were Taught
Your driving technique dictates how much fuel you use. For example, if you start moving quickly from a stop or brake hard, you use more gas. And, of course, going a little slower is better for your car’s engine. Some studies show that driving carefully and smoothly can save you up to 25% on fuel costs. Just remember to take extra care when carpooling or sharing your car, or you can end up with a call from specialist rideshare lawyers if you are found liable for an injury.
Switch Insurance to Save Money on Your Vehicle Expenses
Insurance can help keep bad drivers from getting on the road, and is required by law in the United Kingdom, and almost all U.S. states also legislate car insurance. But your insurance premiums depend on certain things, and many of those things change over time. How much you pay can depend on how long you’ve been driving, how old you are, and where you live. So switching providers each year as your circumstances change will often help lower your bills.
Mix Up Your Transportation Options
The price of gasoline is always going up. And not showing any sign of getting much better. Still, you can save some money if you don’t drive your car one or two days a week. You could, for instance, take your bike out of the garage and ride it to work, or you could use an electric bike. Taking the bus or train is much cheaper and better for the environment than driving. Or, you could save money on gas by taking Uber to work instead of driving sometimes.
How to Reduce Your Fuel Expenses
One of the biggest monthly expenses you might have is your vehicle fuel. Certain jobs allow you to claim fuel for work use. But for most of us and the self-employed, filling your car is a considerable cost. But you can reduce the cost of fuel by using multiple methods, such as:
- Seek out the cheapest fuel stations in your local areas, as prices can vary.
- Sign up for fuel loyalty cards to get discounts every now and then.
- Don’t use your air conditioning, especially with windows open, as it uses more fuel.
- Drive alone if possible and empty your car of extra weight such as luggage.
- Also, sign up for cashback offers from fuel card or credit card providers.
Not all fuel stations offer it at the same price. So it’s often worth finding the cheapest ones. Supermarket fuel stations are typically lower-priced than other brands. And if you use fuel a lot, you can make considerable savings with loyalty and cashback schemes that reward you.
Look After Your Car with FLOWER Checks
Aside from being responsible, it pays to take care of your car. You will have to spend some money on an annual check. But you can save money by having your car checked out often. When you do a FLOWER check, you look at the fuel, lights, oil, water, electronics, and rubber tread. This helps you find a problem before it gets worse. And a big problem can be both costly and dangerous. So by checking your car before each use, you can kill two birds with one stone.
Save Money on Your Vehicle Expenses Working from Home
Remote working is becoming more common these days, and it can help you alleviate some work pressure. Additionally, it means you will save a day on fuel costs. If you mix this up with other travel options, you will save considerably. For example, one day of remote work with a couple of days of cycling will save you three days of having to use your fuel. However, being at home all day might increase your electricity and gas bill, especially in the winter when it’s cold.
Consider Switching to an Electric Vehicle
With an electric car, you can save a lot of money. Even though it costs more to buy an electric car than a gas-powered one, it costs much less to run. If you drive an electric car instead of a regular road car, you will save about 70% a year on costs. You are also helping to reach sustainability goals and reduce carbon emissions. Some countries also offer grants and other incentives to electric vehicle owners like free parking, and a reduction in road tax in the UK.
There are various ways you can save money on your vehicle expenses. These include driving the right way for better fuel economy, looking after your car, and working from home.