Small cars can save $400-600 per year on gas and insurance alone

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Not only do smaller cars generally have cheaper price tags than larger ones, they are also usually more fuel-efficient, which makes gas bills lower, too. Getting 10 miles per gallon (MPG) more out of your vehicle will, on average, save about 2-4 gallons of gas each week. That means going 3-4 days longer between fill-ups, and saving $300-$500 each year on gas! In addition, smaller cars usually carry more affordable insurance premiums, which further cuts your expenses and could save you $100 or more.

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