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The Many Ways You Could Lose Money As A Driver

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Driving is expensive, right? This is something that we are all very aware of. First of all, you need to buy a car before you can get started. That is going to set you back by a considerable amount. But buying a car isn’t the end of your expense, of course. You then need to spend money on car insurance, road tax, and regular gas refills. Over time, this can add up to a staggering about, so there is no wonder that drivers are keen to save some cash however possible.

But even if you are a frugal driver, there are still some ways you might be losing some cash without realizing it. Curious to know if this is you? Here are some ways that many drivers are ending up out of pocket.

Not Shopping Around For Insurance

I’ve already mentioned that you will have to pay quite a bit for your car insurance (it’s a legal obligation I’m afraid, there’s no getting away from it), but that doesn’t mean that you should ever pay over the odds for it. Some insurance companies will offer you a good deal while others will try and indulge in some daylight robbery. The best way to figure out if you are getting a good deal or not is to use a price comparison website, such as Go Compare. They will show you the various deals you can get side by side so you can easily figure out which company can help you save some money.

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Not Claiming Compensation You Are Eligible For

Did you know that if you have been involved in a car crash that wasn’t your fault, you could be eligible for a sizeable sum of compensation? It’s worth having a chat with the law offices of Mahoney & Mahoney or another car accident lawyer in your local area to see if you have a case. Even if you were able to walk away uninjured from a car accident, it’s still worth seeing if you can claim for anything. After all, all that cash could go towards your car repairs or buying a new vehicle.

Filling Up At Expensive Gas Stations

Did you know that gas stations are able to decide their own price for gas? So, even though two may sell the exact same types of gas, one station could be charging a higher price. You might not think that there would be much difference between different stations, but you would be mistaken. For instance, did you know that the gas stations on a highway or other busy road are going to be a lot more expensive than stations that are located close to their competitors? That’s because there are hardly any stations along a highway so the ones that are there can charge whatever they want – they aren’t worried about people using a cheaper option as there usually isn’t another station for miles.

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Bad Driving Habits

The way you drive could also be costing you money as well. Thankfully, this is easy to change – you just need to get out of your bad driving habits. For instance, driving too fast will use a lot of petrol and you’ll need to fill up your tank more often than usual. If possible, always drive slightly slower than speed limits. You should also watch your braking as well. If you brake too often, you will be wasting quite a bit of gas, and will, therefore, need to fill up a lot. Try not to slam on the brakes either as this can use more gas compared to gently braking well in advance and bringing your vehicle to a gentle stop.

Not Maintaining Your Car Well

Good car maintenance can cost you quite a bit of money. But you should see this as a worthy investment. That’s because if you don’t keep up with your car maintenance and fail to get your car checked out on a regular basis, you might end up leaving some issues that could develop into bigger problems. For instance, if you are able to nip any mechanical issues in the bud early on, they will be quite cheap to fix. However, if you leave them to get worse, your final garage bill could be through the roof!

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Not Planning Your Journey Well

Before you head out on a journey that you have never made before, you should take some time to plan it out on a map. This will prevent you from getting lost. You might not think that getting lost would be such a drain on your bank balance, but it means that you will be driving for a lot longer than planned. And that is going to increase how much fuel you use for the journey. So, plan out your trip before you leave so you can get there without too many problems and the overall journey is a lot more efficient and cost-effective.

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Not Carpooling

Of course, the best way to save money as a driver is to not drive at all. But don’t fear; that doesn’t mean you need to start walking or using public transport. Instead, you can think about setting up a carpool. This will be great for going to work or taking the kids to school. You could join up with a few of your colleagues or your child’s friends’ parents to see if you all want to take it in turns to drive. You will then greatly cut down on the amount of journeys you need to make in your car, which can save you a surprising amount on your monthly fuel bill. Don’t worry if you don’t have kids or work in an office. There are other ways you can take advantage of carpooling. For instance, you can take a look at websites like ShareTheRide to see if there is anyone in your local area planning to make a journey that you also want to do.

Hopefully, all of this hints and tips can help you figure out if you are losing money as a driver. If so, you need to start changing your driving habits!

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