How Millennials Save Money On Their Car

How Millennials Save Money On Their Car

Insurance companies can really take advantage of millennials and charge them a lot of money for their car insurance. Additionally, the cost of the car and fuel can render driving not realistic. However, there are a number of ways they can save.

Cut gas waste by driving sensibly:

Repeatedly accelerating and braking are the fastest ways to burn a lot of gas. According to experts at the Oak Ridge National Laboratory, aggressive driving can increase your fuel consumption by 33% at highway speeds and by 5% at normal town speeds. The Oak Ridge National Laboratory is responsible with the development and the maintenance of the U.S. Department of Energy and EPA’s website on fuel economy.

Set the cruise speed at 50 mph:

Gas mileage usually decreases as you pass the 50 mph point, so make sure you set your cruise control to this value. The Oak Ridge National Laboratory estimates that every 5 mph on top of the value of 50 mph is the equivalent of paying 20 cents more per gallon of gas.

Avoid idling:

Whenever you’re parked and waiting, turn your engine off. Idling can eat up to half a gallon per hour. According to the Argonne National Laboratory, restarting the engine consumes only as much as the equivalent of 10 seconds of idling. In addition, don’t wait until your vehicle warms up in winter. Specialists recommend that you drive slowly for the first 30 seconds after starting the engine. As the engine warms up faster while driving, it will reach the optimal temperature faster.

Learn to love the heat:

Try to give up your air conditioning or set it on a higher temperature. Running the air conditioning can increase your fuel consumption by 25%, as calculated by researchers at Oak Ridge National Laboratory. The specialists recommend driving with the windows open to let the hot air get out as you start moving, and using the A/C only at high speeds when driving with your windows open generates too much noise and discomfort.

Choose the right motor oil:

You should always use the grade of motor oil recommended by the manufacturer or the vehicle. When using the wrong oil, you can lower your gas mileage by 1%-2% because of the additional friction in the engine. The right oil will attenuate these frictions, so make sure you don’t make mistakes when you purchase your motor oil. Using oil containing friction-reducing additives is also a good idea, as recommended by the Oak Ridge National Laboratory.

Look for better insurance:

There are so many insurance companies out there, however many of us only check a very limited number. Going online and comparing can get you a better car insurance deal. This can help you save a notable amount of money each year.

Some of the links in this post are from our sponsors, but all opinions are my own.

2 COMMENTS

  1. Wow – I did not realize the effects of idling, I’ll be aware of that moving forward. I always figured turning off my car and turning it back on would consume more gas.

    • It helps to be careful with the idling! Millennials can benefit from saving on unneeded expenses or save money by using the tips above… every dollar counts when it comes down to paying off student loans, if you have any!

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