Between the amount you pay for your car, your monthly gas bill and your insurance premium, driving can be expensive. This becomes more of a problem if you don’t know how to find good deals on a new or used vehicle or an insurance policy.
The good news is, there are a lot of ways to save a little bit of money on your driving expenses. Whether you choose to save money by looking for a cheaper insurance policy, using a gas rewards card to save on gas or finding an affordable way to buy a car, you can save money if you’re willing to put some effort in.
Buying a Car
The first step in making driving more affordable is finding a way to buy a car without spending a fortune or overpaying. There are a lot of different ways to do this, including buying a used car and finding affordable auto financing. Used cars can be a great value if you know what to look for, but buying private means forking over a large amount of cash at once. Financing is a great option if you can’t do that, but you will have to pay interest.
However, you choose to buy your car, make sure you do plenty of research and don’t make any snap decisions. You may be eager to get a car as soon as possible so you can get back on the road, but chances are you’re going to be driving the car you buy for quite some time. If you really want to make sure you’re saving the most money while getting maximum satisfaction out of your vehicle, you have to take your time.
Save on Insurance
There are lots of different ways to save money on your insurance policy, so this is one area where you shouldn’t have a problem cutting back a bit. The only time you’ll find it nearly impossible to save on insurance is when your rate has gone up because of accidents or tickets.
The key to saving money on insurance is finding the discounts you qualify for and having them applied to your premium. There are lots of different types of discounts you can get on auto insurance, including discounts for bundling, having a good driving record and being a military veteran. However, there are a handful of discounts that people don’t often think about that you may be eligible for.
Save on Gas
Saving money on gas is a little trickier than cutting down your insurance premium, but it can still be done. The first thing you need to understand when it comes to saving money at the pump is that you need to put in some work to find the best prices. Thankfully, there are gas station apps that allow you to check gas prices at gas stations near you so you don’t have to drive around looking for the best price per gallon. However, it’s important to make sure you’re getting good gasoline when you’re looking for the best price; if you’re paying less for cheap gas, it may not be worth it.
Another thing you might consider is using a cash-back credit card that offers more cash back on gas purchases. Some cards offer as much as 5% back on every purchase at the pump, which can really add up when you’re spending a lot on gas. While this isn’t quite the same as saving 5%, you can still use that cash back to save on other things.
Driving may cost a good bit, but it doesn’t have to be a huge expense. If you’re willing to take the time to figure out how you can save money on your gas and insurance, you can drive without spending a fortune.