Top 5 Car Money Saving Tips
1. Find the cheapest petrol or diesel prices
The easiest way to find the cheapest forecourt in your area for petrol, diesel, LPG and more is by comparing prices using a nifty free tool.
Go the website PetrolPrices.com and after registering, enter your postcode and tell it how far you’re willing to travel (2, 5, 10, 15 or 20 miles). It’ll list the days cheapest petrol stations in your area for unleaded, dies:W el, LPG and other fuels (prices are updated every weekday around noon). A quick check before you need to fill up should be enough to save you serious cash. For a central London postcode, the price of unleaded within a five-mile radius in Dec 2016 ranged from 110.7p/litre to a staggering 149.9p/litre. In Manchester unleaded prices ranged from 109.9p/litre to 120.9p/litre. Prices vary between postcodes, and in some areas you’ll be able to get it for less. While the difference for a litre may be pennies, in percentage terms that’s a possible gap of 35%. So if you fill up £50 a week, it’s a difference of over £893 a year.
2. Use loyalty schemes
Buying petrol is a regular outlay, and you spend more on it in a year than you think – £30 a week is over £1,500 a year! As many petrol stations (including the supermarket ones) run some form of loyalty scheme, it’s worth signing up to schemes for the forecourts you’ll use most regularly to get a little bit extra back. However, never choose a petrol station just for its loyalty scheme, as the difference is small compared to petrol price variance.
3. Compare insurance quotes to make sure you are getting the best deal
Outside of fuel, insurance is usually the biggest cost for motorists, with stories each year about record premiums. Phil Huff, of Front Seat Driver, recommends that you take a proactive approach to counter these high costs: “Many stay with one insurance company for years, either through loyalty or laziness. Stop that now and start running quotes through the many comparison services. An hour spent using GoCompare, Confused and MoneySupermarket and others could save you £200 or more on your renewal premium.”
Good advice indeed - it’s always best to shop around for the best deal when it comes to insurance. And with comparison sites doing the leg-work for you, there really is no excuse not to save.
4. Keep your tyres inflated - Improve Fuel efficiency
Lower tyre pressure increases the drag on a car, meaning you need more fuel, so regularly check the pressures are correct and your car needs less oomph to keep it moving.
5. Declutter your car
The lighter your car is, the less effort it needs to accelerate. By decluttering, clearing out junk from the boot, and not carrying unnecessary weight, you can save more. On average, every extra 50kg you ride around with ups your petrol by 2% – and this could be even more in smaller cars.