Running a car is expensive, but there are ways to ensure you aren't spending more than you need to!
Fuel prices. Insurance premiums. Maintenance bills. Owning a car is undeniably expensive. But it’s possible to cut costs without sacrificing convenience. Read on for some quick, practical tips that can help you take control of essential car expenses.
Improve fuel efficiency
One simple way to cut costs is by improving your vehicle’s fuel efficiency.
Start by examining the tyres. Make sure they’re always properly inflated at the correct pressure. This reduces rolling resistance, which helps the engine run smoothly and consume less fuel. Schedule regular tyre pressure checks. You’ll also get another cost-saving bonus – your tyres will last longer.
Also, don’t lug around unnecessary weight in your car. Roof racks, for example, aren’t needed year-round. And don’t use the boot as a storage space – remove heavy bags and other unnecessary items. Keeping your car light on its wheels will reduce engine strain and conserve fuel.
Your driving habits also impact how economically your car uses fuel. Do you accelerate harshly, or brake suddenly at stop signs? This causes the engine to work harder and burn more fuel. It also puts excessive wear on your car. Maintain a smooth, steady speed and pay attention to road conditions and signs to avoid sudden stops.
Reduce insurance costs
Car insurance premiums continue to rise in the UK. It can be easy to just automatically renew with the same provider. But you’ll realise significant savings if you take the time to research and switch policies regularly. Many insurers will offer better quotes to new customers.
If you have a good driving record, consider a telematics (black box) insurance policy. These policies install GPS devices on your car to track driving behaviour and reward safe drivers with lower premiums.
Increasing the voluntary excess is a popular way to reduce car insurance premiums. But do choose an amount that you can afford to pay if you make a claim.
Regular vehicle maintenance
Invest time in preventive maintenance. It will keep your car running efficiently and prevent repairs down the road.
Car manufacturers provide a recommended service schedule. At a minimum, stick to this and check key components such as brakes, suspension, and the engine regularly.
Don’t let fluid levels drop. Ensuring that oil, coolant, and brake fluid are at adequate quantities will prevent mechanical failures that lead to breakdowns.
Make sure that your tyres are checked regularly – even if they appear to be in good condition. An expert can make sure that the tread depth is at the right level. They will also check for any damage that might not be immediately visible. The health of your tyres can impact safety and fuel efficiency.
Adopt cost-effective driving habits
The way that you drive your car also has a direct impact on costs.
Driving fast consumes more fuel. Idling wastes fuel. Stick to speed limits and turn off the engine when the car is parked or if you’re stuck in traffic.
Plan out journeys to save both time and fuel.
Aim to combine multiple errands into a single trip, and avoid peak travel times so that you’re not sitting around in traffic. This will also reduce mileage on your car.
Good habits reduce the cost of car ownership
Owning a car doesn’t have to be a financial burden. Simple changes such as improving fuel efficiency, upgrading insurance premiums, keeping up with maintenance, and smarter driving, will make your vehicle much more cost-effective to run.