Everybody thinks the "big bad oil companies" are benefiting from rising gas prices. The only problem with that theory is that they only make about four cents per gallon right now instead of the 10 cents per gallon they made when gas was cheaper. Most of these companies have cut their profits just to cut down on the price the consumers need to pay at the pumps. The federal and state governments actually make four or five times the amount of the oil companies for each gallon sold.
But did you know your auto insurance company is also benefitting from rising gas prices?
Studies now show that drivers throughout the nation have changed their driving habits. They’re not only driving fewer miles, but they are also driving slower to increase their fuel economy. This means fewer accidents on the roads. And, as a result, the insurance companies have fewer payouts to policyholders.
Auto insurers closely monitor accident claims. In the last few months, they’ve noticed fewer accidents. As a result, they hold on to more of your money. Instead of being mad at the oil companies, how about being a bit miffed at the insurance companies, too? I don’t see any of them giving back any money to policyholders simply because they have fewer payouts.
One way to get the most for your dollar is to get a new or used fuel-efficient vehicle from your local Pontiac dealer . Since you’re paying the same premiums for your insurance anyways, why not get a vehicle where you can still drive as much as you want to without breaking your budget at the gas pumps? Just be sure to drive safe and responsibly. We all want to get home to our families at night.
