The general consensus among most U.S. drivers is that there's absolutely, positively nothing good to say about expensive gas. While it's true that there's not much appealing about dropping $60-100 at the pump every time you want to fill your tank, they'd be wrong. There are some definite perks to higher gas prices. People spend less time on the highways. The ozone gets a perk. And you get to enjoy having a front row view of cheap car insurance.
For most of the year cheap car insurance feels like an elusive gem reserved solely for the select few. Studies show that over 40% of drivers feel like they're paying too much money for their car insurance, and many of them are right-but that's a story for another day. Right now, let's talk about what the rapidly rising price of gas (and the specter of last summer's record high price at the pump) has to do with shaving big bucks off your car insurance.
The best way to save money on your car insurance rates is to make the most of your discounts. It seems like you can get a discount for just about anything from the car insurance companies these days. Your age, your gender, your job, your credit score, your driving history-and yes, the amount of time you spend on the road. The numbers never lie. Drivers who drive more than 15,000 a year are more likely to get into accidents resulting in injuries than those that don't. They also tally up more money in collision and other related claims.
In short, drivers that drive more cost car insurance companies more money and aren't going to be able to find the cheap car insurance rates they're hoping for. On the flip side, drivers that drive less tend to have fewer accidents per year. They cause fewer injuries and less property damage. They file fewer car insurance claims, and as a result, they're rewarded with great discounts on their car insurance.
When you're paying more money to fill your tank than to enjoy a night out on the town you're probably not going to spend much time doing it. You're going to look for alternate forms of entertainment, take public transportation rather than commute every day and rediscover the joys of walking and biking to get where you want to go. In short, you're going to be spending less time on the roads. And because you drive less you're going to get to enjoy the low mileage discounts that pave the way to cheap car insurance.
So the next time you're standing at the gas pump staring in disbelief because the price of gas has climbed ten cents overnight (again) take a deep breath. Relax. There's no law that says you have to contribute to the vicious cycle that gives the oil industry the dominant market position they have, and there's no reason you can't use your alternatives to spend less time on the highways (always a plus during rush hour) and enjoy the benefits of cheap car insurance.
Clifford F. Berman is the CEO of QuoteScout.com, an organization dedicated to helping consumers find cheap car insurance. For more information on saving money on your car insurance, visit them on the web at http://www.QuoteScout.com
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