Is your car a constant drain on your financial resources? Do you feel like you’re always paying out for something, whether it’s gas, repairs or insurance? For most of us, buying a running a car is the second greatest expense after buying a house. If you’re struggling to cover the cost of owning a car, here are some handy hints to help you to drive down costs today.
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Reducing fuel consumption
Does the gas light seem to come on with monotonous regularity? Are you constantly delving into your wages to get from A to B? If so, there are ways of reducing fuel consumption. The way you drive often affects the amount of gas you use. It might sound boring, but being a sensible driver doesn’t just reduce the risk of accidents. It also helps you to keep your tank fuller for longer. According to research collected for the US Department of Energy, driving erratically can increase fuel consumption by up to 33 percent. This includes sudden braking, driving over the speed limit, and accelerating suddenly. If you do the math, you’ll find that you could save hundreds of dollars just by being a little more cautious behind the wheel. It’s also essential to check your tyre pressure on a regular basis. If your tyres aren’t inflated properly, this will drain your fuel.
Shopping around for insurance
Do you feel like you’re paying over the odds for your car insurance? Have you been with the same company for years? Are you looking for cheap full coverage insurance? If so, it’s time to set aside half an hour and research your options. In this day and age, it’s easier than ever to compare prices and make sure that you’re getting the best deal out there. It’s usually easier to renew an existing contract, but it can also be a costly choice. Many providers offer preferential rates for new clients, and as an age-old subscriber, you’re probably missing out. You can transfer your no claims record to another policy, and it only takes a few minutes to explore other avenues. You can search online or call an agency that will compare prices for you. You can tailor your search to include quotes based on the type of vehicle and your location. You can also alter the level of coverage to suit your budget. Research conducted by J D Power showed that less than 40 percent of Americans shop around for a new insurance policy. However, those who did take the time to switch saved an average of almost $400.
If you own more than one car, consider multi-vehicle policies. They are usually more cost-effective than individual plans.
Car maintenance tips
There’s nothing worse than unexpected car maintenance costs, especially at this time of year when money tends to be tight. Sometimes, there’s nothing you can do to prevent technical hitches. However, often, it’s possible to reduce the risk of problems. Take your car for regular services, and keep tabs on basic maintenance. Check the condition of the tyres, top up the oil, and seek advice for anything that seems unusual. It’s often better to nip things in the bud.
Owning a car can be expensive, but hopefully, these tips will help you save money.