Martin Lewis: New Advice For Drivers - Save Money on Fuel, Insurance, and More!
MoneySavingExpert.com founder Martin Lewis is known for his sharp financial advice, and now he's turning his attention to the road. With fuel prices still high and car insurance premiums rising, many drivers are feeling the pinch. But fear not, Martin has some new advice to help you save money on your motoring costs.
Fuel Savings:
- Shop around: Don't just stick with the same petrol station. Use comparison websites like PetrolPrices.com to find the cheapest fuel in your area.
- Fuel efficient driving: Driving smoothly and avoiding hard acceleration and braking can significantly improve fuel economy.
- Carpool: If you regularly travel with others, carpooling can cut fuel costs and emissions.
- Check your tire pressure: Under-inflated tires can reduce fuel efficiency by up to 3%.
- Avoid unnecessary trips: Plan your journeys to minimize driving distance, and use public transport or cycling for short trips.
Insurance Savings:
- Compare quotes: Don't just renew with your current insurer. Use comparison websites like CompareTheMarket or GoCompare to get quotes from multiple providers.
- Increase your excess: A higher excess usually means a lower premium.
- Review your no claims bonus: Make sure you're getting the full benefit of your no claims discount.
- Consider telematics insurance: Some insurers offer discounts for drivers who demonstrate good driving habits through telematics devices.
- Shop around every year: Don't be complacent, get new quotes every year to ensure you're getting the best deal.
Beyond Fuel and Insurance:
- Regular servicing and maintenance: Keeping your car in good working order can improve fuel efficiency and prevent costly repairs down the line.
- Consider an electric car: If you can afford it, an electric car can save you money on fuel and maintenance in the long run.
- Use alternative transport: Public transport, cycling, or walking can be cheaper and healthier options for shorter trips.
- Keep an eye on your car's value: Understanding the depreciation of your car can help you make informed decisions about when to sell or trade-in.
Martin's Words of Wisdom:
"Don't just accept the status quo," says Martin Lewis. "Be proactive and shop around for better deals on everything related to your car. Even small changes can make a big difference to your wallet."
Conclusion:
Martin Lewis's new advice for drivers emphasizes the importance of being an informed consumer and utilizing available resources to save money. By following his tips, you can make your driving experience more affordable and efficient. Remember, knowledge is power, and a little effort can go a long way in saving money on the road.