Five Ways Being A Safe Driver Can Save You Money

Drive Safe

Most people live on some sort of a budget. Some people’s budget is tighter than others, however, people are always trying to find ways to save money. There are plenty of obvious ways that money can be saved, such as clipping coupons and bargain shopping. Most people have a vehicle that they depend on everyday. They may not realize it, but they may be paying more money for their automobile than they should be. One way that you can save money that you may not know about is by driving safely. There are several ways that being a safe driver can save you money in the long run.

Lower Cost on Your Automobile Insurance

Most states in the U.S. require drivers to have auto insurance if they are going to drive legally. In order for a person to register their car, they would need to first have auto insurance. The reason for this law is to protect drivers on the road if they get hit by another driver who cannot afford to pay for the repairs. In order to keep your auto insurance current is to pay the monthly premiums. The amount of money that you would need to pay depends on a few things. Your age, your marital status and your sex have a little bit to do with how much your would pay for a premium. What holds the most weight is your driving record. If you have a poor record, you will end up paying much more in premiums than a person who has a good driving record. Recent studies have shown that a driver who has one accident during one year can expect to pay 41 percent more on their insurance premiums. Drivers that are in two auto accidents can expect their premiums to be increased by up to 93 percent. These are additional costs that most people cannot afford. You can save hundreds, possibly thousands by being a safe driver.

No Need to Pay a Speeding Ticket

If you are pulled over for speeding, it will cost you. Even if you are going 5 or 10 miles over the limit, a police officer who is a stickler for the law or who needs to meet their ticket quota will give you a ticket. In 2013, the insurance company, Esurance, reported that the average cost of a speeding ticket is $150. The faster you get caught driving, the higher your ticket will be. If you drive safely and you stay well within the speed limit, you can save yourself a great deal of money year after year. If you get too many tickets in a certain period of time, you could end up losing your license. The costs if this happens are astronomical. You would need to start paying for a taxi to and from work. This can be expensive. You would also need to pay the cost to get your license reinstated when you get it back. In some states, in order to get your license back, you would need to have insurance on both your car and your driver’s license. This can be very expensive. If you avoid speeding you can avoid paying out a huge amount of money that you may not even have.

Save Money On Gas

While gas prices may have gone down over the past few years, they are still high enough that most people cannot afford to fill up their tank several times a week. You may not realize it, but each time you drive over the speed limit, each time you rapidly excel, and each time you brake hard to avoid being in an accident, you are actually costing yourself more money in gas. According to a study conducted by FuelEconomy.gov, sponsored by the Department of Energy, any of these actions while driving lower your vehicle’s gas mileage by 5 percent if you are driving in town and by 33 percent if you are driving on the highway. Over the course of a year, if you start driving safely, you can save yourself a great deal of money on gas.

Less Risk of a Traffic Accident

Being involved in a car accident can be scary and it can also be costly. If you caused the accident and you are injured, you would need to cover your own medical bills. The visit to the hospital, the testing, and the follow-up visits can cost thousands, possibly hundreds of thousands of dollars. If you were injured during the accident, you might need to take time out of work, which can result in lost wages. Also, if the vehicle is damaged, you would need to pay for the repairs. This can be very costly. If your insurance didn’t cover all of the other driver’s expenses, you could end up being sued. This can cost you thousands of dollars. If you drive safely, drive at the speed limit, and don’t drive distracted, you can save yourself the expensive fees that need to be paid after a car accident.

Fewer Breakdowns

If you drive your vehicle too fast, if you often need to slam on your breaks to avoid being involved in an accident, or if you are driving too fast down streets that are ripped up, these things can be very damaging to your car. These bad driving habits will result in you needing to repair or replace different parts on your car. These repairs can be very expensive. If you drive slow and treat your vehicle right, you will find that you are taking it to the garage much less often than if you were driving like a maniac. Considering that there are parts on a car that can cost thousands of dollar to repair, it is a good idea to drive carefully and protect your vehicle.

Driving safely can have a huge impact on the amount of money that you need to spend each year. If you drive safely, you can save thousands on your auto insurance premiums, speeding tickets, gas costs, and repairs after an accident or a vehicle breakdown. If you are living on a budget, driving safely can save you a great deal of money. If you are living on a budget, driving safely can help you stick to it.

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http://shebudgets.com/lifestyle/improve-driving-ability-save-lives/

http://shebudgets.com/personal-finance/save-money-on-gas-by-changing-your-driving-habits/

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