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The Best Cost Effective Motoring Tips

By: Garry Crystal - Updated: 3 Apr 2013 | comments*Discuss
 
Fuel Consumption Car Maintenance Savings

Owning a car can be expensive and the average cost of maintaining a car in the UK is over £5000 per year. While there are some motoring costs that cannot be avoided there are certain ways to decrease annual car running expenses.

Shop Around for the Lowest Car Insurance Premiums

Most people will shop around to obtain the lowest priced goods but many will never bother changing their car insurance company. Cars do depreciate in value each year and insurance companies can overestimate a car’s value leading to higher premiums. Drivers should use insurance comparison websites to gauge insurance quotes and call insurers for quotes just before insurance is due to expire. Insurance companies are competitive and drivers should be able to find lower premiums if they are not happy. Some insurance companies claim they can save drivers up to £100 per year if they do decide to switch.

Cut Down On Fuel Consumption

Fuel consumption is one of the biggest expenses faced by drivers each year. Simple tips to decrease fuel consumption can include making a car more aerodynamic by driving with windows and sunroofs closed. Removing a roof rack can decrease fuel consumption by up to 30%. Avoid long journeys by finding the quickest route with a sat navigation system. Avoid wasting fuel by eliminating the five minute warm up before driving and do not, if possible, drive over 60 miles per hour.

Simple Car Maintenance to Cut Down on Running Costs

Drivers who undertake some simple car maintenance can decrease fuel consumption and repair bills. Making sure tyres are at the correct pressure will avoid excess fuel consumption. Replacing a car’s battery before the end of its life can avoid the costs of a breakdown situation. Regular oil checks are vital to maintaining fuel efficient cars. Fill car tyres for free at certain garages and learn to change car tyres instead of being charged at the garage.

Avoid Buying a New Car

Buying a new car is a good way to avoid mechanical problems but a new car can drastically depreciate in value within its first three years. Nearly new cars that are within one to three years old are a better bet and drivers can save thousands of pounds by buying nearly new. Mechanical problems won’t be so much of a problem with nearly new cars and haggling over the price can bring results. For those who are adamant over buying a new car then buying over the internet can save up to £3000 on the price of a new car. Nearly new mass marketed fleet cars can be a bargain when buying as demand is low but the number of cars produced is high.

Save Hundreds by Changing Your Driving Style

The ways people actually drive their cars can make a difference to fuel consumption. Braking and accelerating rapidly will increase fuel consumption and will decrease the life span of tyres and brakes. Having to slow down and accelerate frequently is also less fuel efficient; if possible avoid driving through traffic heavy zones regularly. Turning off air conditioning when driving can save up to £100 per year on fuel. Use the left lane when driving on motorways; driving at 70mph uses 25% more fuel than driving at 56mph.

Other Tips to Decrease Annual Running Costs

Every driver will have their own personal theories on how to cut annual driving costs. Some common tips to cut the annual expense of running a car includes:

  • Lower mileage drivers can usually decrease their insurance premiums
  • Speeding tickets will increase insurance premiums by around 13%
  • Lower priced fuel can be found by shopping around and using comparison sites such as the Petrol Prices website
  • Buying a diesel car can be a cost effective option for drivers who clock up a high mileage count each year
  • Buying a new diesel car will save on the Showroom Tax; this can be a saving of as much as £515 in the first year
  • Paying with cash when buying a car can see discounts of as much as 10%
  • Always haggle for extras when buying a new car such as car tax and a topped up petrol tank
  • Save fuel by switching off the engine if at a standstill for a long time period

Sticking to many if not all of these cost saving methods can save drivers thousands of pounds each year in motoring costs. Becoming fuel efficient by changing a driving style can soon become second nature. With the rising cost of car fuel in the UK it makes financial sense to be as efficient as possible when driving.

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