Is This Bad Habit Costing You $7,000 A Year?

Driving more than you have to could be costing you thousands of dollars in gas, car maintenance and car insurance.

Based on AAA’s 2013 annual report, it costs about 46 cents per mile to drive a small sedan for one year. If you drive 15,000 a year, that comes to nearly$7,000*.

Here are a few things you can do to help reduce these costs:

Carpool: Find a coworker who’d be interested in splitting the responsibilities – and gas expenses – of driving to and from work every day. Plus, keeping your mileage between 7,500 and 15,000 per year could help you reduce your car insurance premium by as much as 20%!

Take advantage of public transit. Don’t ditch your car completely, but taking public transit, riding your bike and walking as much as possible will help minimize gas and maintenance costs even more. Try cutting out your commute entirely; the less you drive, the less you should have to pay for car insurance.

Invest in a newer, more fuel-efficient vehicle. If you absolutely can’t cut your mileage, fuel efficiency is an obvious alternative route – even if you have to spring for a little more expensive car payment. A new car usually comes with more safety features that could help you qualify for car insurance discounts and even out the costs.

While all of these will certainly help lower your monthly expenses, we saved the best money-saving trick for last:

The best way to earn that money back is by comparing car insurance quotes to make sure you’re not paying more than you have to.

Try it now! Enter your ZIP code below to compare as many as 8 quotes from multiple providers in a matter of minutes.