Saving Money on Transport as Costs Increase

Saving money on transport might not be a priority given energy costs. Yet every little helps so you can save for increased costs this winter. Here are some practical tips you can begin with.

Drive Responsibly and Smoothly

Your driving technique dictates how much fuel you use. For example, accelerating quickly from a stationary position or braking hard uses more fuel. And, of course, lowering your speed slightly is more economical on your engine. Some studies show you can save as much as 25% on the cost of fuel by smooth and responsible driving. Of course, not everyone is responsible, and you might need a motorcycle accident lawyer from coming off or being hit by a bike or car.

Take Care of Your Car

Further to responsibility, it pays to look after your vehicle. You will have associated costs that an annual check requires. However, you can save money by inspecting your car regularly. A FLOWER check, where you check fuel, lights, oil, water, electronics, and rubber (tires), helps you catch a problem before it is one. And a big problem is both expensive and potentially dangerous. So you can kill two birds with one stone by checking your car before each use.

Try Alternative Transport on Specific Days

Current fuel prices are increasing all the time. And showing no sign of reducing significantly. Yet you can save some money by not using your car for one or two days of your working week:

• Get your bike out of the garage and cycle to work or use an electric bike.
• Use the bus as a cheaper and greener way to travel.
• Carpool to work with colleagues who live close by.

Taking the average workplace round trip of 41 miles equates to $27.45 per week. So a couple of days of cycling will save just over $10. That’s $40 per month that could go towards extra energy.

Look for Better Insurance Deals

Insurance is one of those things nobody likes but is necessary. It can help against bad drivers and is required in most countries like the UK and enforced by 49 American states. Yet your insurance premiums depend on specific things, many of which change. For example, your driving experience, age, and where you live can determine how much you pay. So enquiring about a cheaper deal as your circumstances change will often help lower your bills.

Consider Buying an Electric Vehicle

An electric vehicle can save you a lot of money. Despite the initial upfront costs being higher than a gas engine car, the running costs are significantly lower. The difference in mileage, road costs, and servicing add up to around 70% less than owning a standard car. Additionally, you are playing a part in helping reduce carbon emissions and sustainability goals. Some countries also offer grants and incentives for buying an EV, such as help with the price or free parking.

One of the things you should begin right away is saving money on transport to help with upcoming energy price hikes. You could drive better, reduce car usage or buy an electric car.