Author Topic: Lowered car insurance and petrol costs!  (Read 1820 times)


  • Stubble
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  • Posts: 134
    • Osprey's Lab
Lowered car insurance and petrol costs!
« on: July 29, 2013, 04:29:13 AM »
My car-related expenses used to be crazy high. Until!

1. I finally threw caution to the wind and lowered my car insurance premiums by increasing my excess. Don't know why I'd been so scared to do it before - the new excess can be easily covered  by my monthly savings or emergency credit card and I cut my premiums by 30%. Insurance companies are the devil. They count on the fact that most people will make decisions based on emotions instead of maths.

2. I also moved to a walkable neighbourhood closer to work and cut my petrol costs by 60%. Choppy choppy!

Now if only I could go back in time and never have bought a car in the first place...
« Last Edit: July 29, 2013, 04:31:34 AM by Osprey »


  • Stubble
  • **
  • Posts: 150
Re: Lowered car insurance and petrol costs!
« Reply #1 on: July 29, 2013, 03:13:33 PM »
I work for the devil ha yeah you don't need high limits.

Pays to shop around for car insurance every year if you have a clean driving record you can
sometimes find a company that will give you a good quote.

I don't work for 21st Century but they were a good $250 cheaper than Progressive every six months. That is a good savings.


  • 5 O'Clock Shadow
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  • Posts: 17
  • Location: UK
  • 29, aiming to be semi-retired at 40 with kids
    • MinMax UK
Re: Lowered car insurance and petrol costs!
« Reply #2 on: July 30, 2013, 04:03:28 AM »
Amen to point [1]. The thing is, they are mostly right. This tactic works on the majority of our population. People are too worried about driving their brand new car, they don't have time to waste looking for cheap insurance.

I feel like I'm contributing to a countrywide money pot compensating for terrible drivers when I pay insurance. I've not come close to an accident in 9 years, yet see near misses everyday. Mostly 25-45 yr old business men in their large saloons going 150% speed limit.

I talk more about my recent experience with car insurance on my blog.