It is not an easy time for car owners. Insurance rates are up, gas prices are fluctuating, and the unemployment rate is high.  Overall, vehicle ownership expenses continue to rise. And although gas prices are down from the 2008 high, the U.S. Energy Information Administration expects fuel prices to rise again in the future. There are ways, however, to keep costs as low as possible and keep your car going longer.

Insurance: The concept is simple: do your homework. It is easier than ever to research with the availability of information on the web. Prices vary from company to company; get at least three price quotes. And although you can get initial quotes online, it is wise to call the company, as they may be able to offer an even more reduced rate. Just make sure you get sufficient coverage.

Hi-Tech Oil: Upgrading to one of today’s modern high performance motor oils can make a meaningful improvement to your car’s fuel economy and engine life. Studies have shown that high performance motor oil improves fuel economy by as much as 5 percent and significantly reduces engine wear. Using high performance synthetic motor oil, as opposed to conventional oils also allows for more miles between oil changes, reducing maintenance costs and the amount of time spent on maintenance. You’ll pay a little more for premium motor oil but the savings in fuel and reduced maintenance costs more than make up for the higher price.

Car Maintenance: The best way to save money is to keep your vehicle in tip-top maintenance.  The U.S. Energy Department reports that under-inflated tires can increase fuel consumption by up to 3 percent. So check your tire pressure regularly, it will not only save money, but also make your car safer. Keeping your air filter clean is also important.  Air filters keep impurities from damaging the interior of the engine, so replacing dirty filters will save gas and protect your engine. Lastly, think about how you drive. Slamming on the brakes and revving out of every stop takes more fuel, and wears more on the car. So going easy on the brakes and gas pedal will actually save you money.