Sunday, November 27, 2022

I’m saving £5,000 a year on insurance, MOT and road tax with a little-known hack – it makes driving so much cheaper

- Advertisement -
- Advertisement -

A DRIVER saved £5,000 a year on insurance, MOT and road tax using a little-known hack.

Daniel, 27, from Hertfordshire, decided to ditch his car and borrow other people’s instead for big savings.

bpm

The London commuter has made it to thousands of pounds a year with a flexible insurance policy[/caption]

Using an app on his cell phone, he can temporarily insure himself as a driver and thus avoid a series of hefty fees that come with owning a vehicle.

Daniel told MyLondon: “The Cuvva app lets me drive my girlfriend’s car for two hours and it costs £7.32 and £34.83 for two days if I need to run a few errands.

“It’s a lot cheaper than renting a car or taking a taxi.”

He realized his car was costing him more than it was worth while commuting to work in London during the weekdays and using his girlfriend’s car at the weekends.

READ MORE MOTOR STORIES

DON’T FORGET IT

Drivers warned of a TikTok parking hack that could get you fined

PAY & RELAX

The car park’s payment system nets drivers a £100 fine… can you find out?

He said: “My car became an extra expense that we didn’t need and it took up valuable parking space.

“Also, the bills and living expenses kept rising and we could have used the extra money better.”

Research shows that UK drivers spend more than £3,500 a year running and maintaining their car, according to NimbleFins1.

Taking insurance, road tax and MOT into account, Daniel saves around £5,000 a year.


While he was initially concerned about not having his own car, he has found some advantages.

Daniel said: “Surprisingly, not owning a car actually gives me more freedom because now I can drive any car whenever I need to go somewhere and I can save a lot of the expenses that come with owning a car, like for example leasing fees.”

HOW TO KEEP CAR EXPENSES LOW

The cost of running your car can take a toll on your bank balance.

With these simple controls, you may be able to keep costs down.

WATCH THE EXPERTS:For basic car maintenance tips, consult the experts online. The major breakdown companies have all the tips on their websites, and you can watch their online videos for step-by-step instructions.

COMPARE COVERAGE:We’re all familiar with the big breakdown companies, but it was AXA and Start Rescue that featured in the latest chart from which? topped for best puncture coverage, with AA taking third place.

AT YOUR SERVICE: On specialized comparison sites you can see how much car maintenance can cost. A site like bookmygarage.com allows you to compare prices for MoTs and maintenance at nearby garages before you book online.

STAY THE COURSE:While you can find car maintenance courses online – Wowcher offers one for just £9 – there’s nothing quite like getting your hands dirty with an in-person course. Check out the list of courses at your local college for further education, including some that are only open to women.

PRINT IS OFF:One in six Green Flag alerts relates to tire or wheel problems. Just being able to check your tire pressure can help you avoid a costly workshop visit and extend tire life. Consult your car’s manual to find the correct pressure for your tire, then use the air pump at a gas station to inflate it to the correct pressure.

- Advertisement -
Latest news
- Advertisement -
Related news
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here