Tip 19: Car Pool to Work

Car pool to work. By sharing the driving with just one other person, you could save an average of $20/month or $200/year in gasoline alone,  if your commute is 40 kilometers round-trip each day. Sharing the driving with two others increases your savings even more. Savings vary depending on the length of your commute.  In addition to savings on gasoline, you'll save maintenance costs and wear and tear on your car.

Potential Money Savings:  $400-700/yr.

Tip 18: Combine Insurance

Consider combining your auto and homeowner's insurance under one policy. Many insurers give a discount for multiple policies. 

Potential Money Savings: $50-200/yr.

Tip 17: Balance Your Tires

Add thousands of miles to the life of your tires by having them balanced once a year. In addition to destroying the tread, improperly balanced tires can wear out your shock absorbers and damage your suspension system, leading to more expense.

Potential Money Savings: $175-250/yr.

Tip 16: Avoid Tickets

Avoid tickets for speeding or moving violations. Many insurance companies give a discount of up to 20% if you have not had an accident or ticket for three years or more.

Potential Money Savings: $100/yr or more.

Tip 15: Plan Your Errands

Save fuel by combining errands into one trip and avoid backtracking whenever possible.

  

Potential Money Savings: $25-100/yr.