Driving these days can cost a fortune. While the price of fuel is finally starting to come down, there are still a lot of other motoring expenses that you need to worry about.
If you’re looking to cut down on your expenses this year then there are a few useful tips that can help. Below you’ll discover the best motoring money saving tips to get you started.
Saving on your car insurance
Car insurance is the biggest expense drivers need to worry about. As reported by the Telegraph, the cost of insurance is set to rise even further in 2015. Younger drivers in particular are going to see their rates shoot up. It is estimated that drivers pay around £35 more now than they did in January 2014. So how can you save? The answer is to shop around for the best deal.
Comparison websites can act as a great starting point, but there are other factors you need to consider. Some insurers provide special deals that you won’t find on comparison sites for example. So the key is to do as much research into the different insurers and get as many quotes as you can. That way you will find the cheapest deals to fit your circumstances.
Invest in a more fuel efficient car
If, despite the drop in fuel costs, you still find you’re paying a fortune to keep your car running, it could be time to consider trading it in for a more energy efficient model. Some cars are a lot cheaper to run than others. Do a little research and look at reliable companies such as TW White & Sons to find a more affordable model. This could make a huge difference to the amount you are paying to stay on the road in 2015.
Be clever about where you get an MOT
The dreaded annual MOT is something all drivers need to pay for. However, it isn’t the maximum £54.85 that you pay for the MOT that’s the problem – it’s the repairs that often need to be done if your car fails. Now, what many drivers don’t realise is that a lot of garages fail cars just so they can get more money to carry out repairs. Your car may not actually need the repairs that are being recommended.
As featured by the Money Saving Expert, it is better to get the MOT done at a council-run MOT centre. They do not do repairs so they aren’t going to fail the car to try and get more money out of you.
Overall saving money on motoring expenses isn’t as difficult as you might think. By following the simple tips above you could save hundreds of pounds a year. The key is to compare insurers and do as much research as you can. Knowledge is power and this is especially true in the motoring world. As the New Year develops, now is the perfect time to make changes and plan to save as much money as you can.