Car rates

How to save money as a driver? How to save on gasoline and insurance?

The prices of goods and services are increasing dramatically and inflation is becoming a concern for the masses. Basic items such as food, cars, shelter and clothing have particularly increased.

Drivers, in particular, are struggling to keep up with rising costs. Gina Minick of Metromile, a car insurance where you pay by the mile, said 58% of Metromile insurance customers are considering different travel options due to high gas prices. “But it’s not just gas prices, it’s things like parking, maintaining our cars, paying for insurance,” Minick said.

“It doesn’t matter how things move, and we’re going to see the cost of goods keep going up over time. It’s really just how fast it’s going to be okay,” she said. “So how can we do that. -we help our clients to manage their costs, to understand their costs and to create transparency around this? ”

Minick details some tips and tricks that can save the everyday driver money.

Gas prices

As a driver, you often find yourself filling up with gas. At Metromile, where total mileage and driver behavior data is collected via telematics, Minick has observed current trends that can allow drivers to drive more efficiently instead of ‘sitting idle’ and ‘wasting gasoline. “. She noticed that the evening rush hour, between 4 p.m. and 7 p.m., was down 5% in 2021. “We’re home and not commuting on these normal working days,” Minick said. , and that the traffic bled in the afternoon, between 2 p.m. and 4 p.m.

Regarding holiday traffic trends, “if I had to guess I would say this holiday season starts at Christmas, we might see even more holiday traffic this year than in the past”, a- she declared. Driving in the morning or after rush hour is the best time to drive over Christmas, although December 23 and 24 are busy afternoons on the road and December 26 is the slowest day of the week.

Cost of insurance

Minick recommends shopping around for insurance and considering switching. She has seen trends where changing insurance can save consumers money. “For someone who doesn’t drive a lot anymore, we’ve found that the average consumer can save $ 741 per year just by switching,” she said.

Cooking at home and working from the bedroom desk has become standard for many changing consumer models. The main thing you need to think about is how much you are driving. His company uses telematics data that allows consumers to pay per mile, which is ideal for those who don’t drive often, Minick said. As a consumer, you should find other telematics products and compare the data they collect to your own needs.

Keep your old car

If you own an old car, keeping it is the best way to save on insurance. “When we buy newer cars, those cars are more expensive and they usually cost more money to insure as well, right? When we have older cars, we maybe don’t always have full coverage, ”Minick explained. For example, collision coverage can still be avoided on an old car. Automatic monthly payments are also cheaper.

Old cars tend to have low payments and deductibles. So, when shopping for insurance, it may be a good idea to look at the deductible rates and ask for an increase. Most importantly, “Make sure you are always covered and have auto insurance. ”