Struggling to stay on the roads? Help is here!
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Money is tight at the best of times for parents in the UK trying to make their finances stretch as far as possible – but it’s harder than ever for car owners with children at the moment. High insurance and petrol prices are forcing some hard-up motorists off the roads altogether, while others run the risk of being saddled with debt. Striking a balance is proving problematic, but help is here to lower the overall cost of driving for motorists all over the country.
Car insurance shot up by 31 per cent in 2010 and experts are predicting a similar rise this year, which paints a depressing picture for UK motorists in general. Despite this, you can actually lower the price of getting covered by being shrewd, logging on to the Internet and shopping around. ‘Shopping around’ infers that you need to spend ages online to find the best deals, but price comparison websites mean that you don’t have to. Just input your details and they’ll hunt down the best deal for you. If you’re reaching the end of your current policy and want to know how you can save an average of £339, then click here for more information.
Just imagine having an extra £300 or so every year just by taking five minutes to fill in all your details and what you could do with that money. You could put it towards your next holiday, treat yourself, your little one(s) or your significant other to something nice. Perhaps you could use it to pay it off another bill? Whatever you decide to do with it, it’s a quick and easy way to put a couple of hundred pounds back in your bank account. That’s not all: there are more things you can do to continue saving.
Ever considered downsizing to a smaller vehicle that’s cheaper to buy and cheaper to run in terms of petrol and the cost of insurance and road tax? You can pick up some real bargains in the used car market at present and in doing so instantly slash your outgoings. Providing there’s enough space to fit a pushchair in the boot along with a few bags of shopping and a car seat or two in the back, do you really need to be cruising around in a top-of-the-range model when something with a few more miles on the clock makes more financial sense?
Speaking of financial sense, increasing the voluntary excess can also lower the price of insurance. There are obvious risks, like the fact that you will have no choice but to pay out if you make a claim after an accident, but if you stay out of trouble then the pros far outweigh the cons. Fitting an alarm or immobilizer will also decrease insurance costs, as well as put off any potential car thieves.
Many parents will live in households with more than one car and that has a knock-effect in terms of how much is being spent on garage bills, insurance, petrol and tax. Ask yourself, can you survive with just one motor? It may take a little time to adjust and involve a lot of organising, but imagine being able to halve your monthly outlay on cars.
Fancy reducing what you spend on petrol? Car sharing with other parents during days out, shopping trips and holidays is a sensible recommendation, as is going easy on the accelerator and brakes and sticking to the speed limits when you’re out and about on the roads.
(This is a guest post)