Considerations for New Drivers: Budgeting and Maintenance

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With 1.3 million new drivers expected to hit UK roads this year, many pass their tests and are well on their way to owning their first vehicle. But not everyone will understand everything about owning a car… There are a number of different considerations to take into account, from insurance to fuel budgets – but here we cover them all, with this basic guide. to own a car as a new driver.

Budgeting your car

Your car is not as expensive as its list price. Running a car can be a costly business, and while the impetus to get the most out of your car every day can be strong, embracing budget cuts on your vehicle as well as your daily life can save your life. . Fuel is the biggest cost associated with driving, with the average household spending over £ 1,100 per year on gasoline or diesel. Short trips are the least fuel efficient, burning a relatively large amount of fuel over a relatively short distance. As such, resolving to take public transportation or walk the distance for shorter trips can save you a lot in the long run. You can subsidize your fuel consumption by participating in carpooling programs for work, while economical driving practices such as upshifting early – and keeping your engine revs below 3,000 rpm. / min – can reduce your fuel consumption on long journeys.

Maintain your car

Maintaining and servicing your car is a bigger expense, but with regular servicing you can minimize the risk of a costly breakdown – and with the right budget you can absorb the cost for an emergency repair. serious with few problems. One of the main ways you can take care of your car between scheduled services is to take care of your engine oil. Oil keeps your engine lubricated, but over time it can get dirty and less slippery. This can cause friction in the engine, resulting in reduced fuel economy, overheating and possibly complete engine failure. As such, learning how to refuel and change your engine oil yourself can keep your engine in peak condition for longer.

Apply this philosophy to other parts of your car maintenance; there are other crucial fluids to watch out for, from brake fluid to coolant, knowing how to change your car’s battery and replace its spark plugs can protect you from costly mechanical interventions and keep your car running. good working order until something outside of your experience goes wrong.

Insurance cover

Insurance coverage is important to consider, not only from a financial point of view but also from a security standpoint. Insurance is a legal requirement, but choosing the right insurance can ensure that you are protected in the event of an accident with your vehicle. Liability insurance covers damage resulting from accidents caused by others, while comprehensive insurance pays even if you are at fault and can even protect other passengers.

Optional extras

GAP insurance is also an additional option you might want to consider for your car; GAP, for Guaranteed Asset Protection, covers in the event of theft or traffic accident the difference between the offer of your insurance and the total value of your car. This is not included in the existing breakdown coverage, but rather an additional level of insurance to ensure you are adequately covered in the event of a worst-case scenario.

Courtesy cars are a common supplement offered by standard insurance policies, where you are offered a car to use while your car is repaired and maintained following an incident. This ensures that your life is not disrupted by the accident, allowing you to continue as usual until you get your car back or find a new one.


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