Calculate How Much You Save by Riding Vs. Driving
I’ve been a one-car family for quite a while. Back in 2008, we (my husband and I) owned two cars, but as soon as I started riding my bike on short errands and to work, our second car sat, and sat. It sat motionless for so long the tires became flat and weeds started growing up around the poor car. At that point, we realized we needed to sell our tiny convertible and let someone else have fun driving it.
Going from two cars to one saved us money; it saved us insurance and the cost of gas and maintenance. I hadn’t really given much thought to how much it saved us until I came across a nifty calculator. According to The True Cost of Driving’s calculator, I’m saving approximately $3,153 per year by ditching my one car and riding my bike instead.
The calculator factors in direct costs, such as registration, insurance, gas, maintenance and time in traffic as well as indirect costs, such as accidents, noise, pollution, and road repair. The calculator doesn’t factor in heath care savings, since riding a bike is much healthier for a person than sitting in a car. Yet, at a savings of $1.38 a mile, I’m convinced that switching to a one-car family was the best choice for us.
Riding saves money