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Plan Your Perfect Summer Road Trip with O1ne Mortgage

Summer is the perfect time to hit the open road and explore new destinations. Whether you’re planning a cross-country adventure or a local getaway, it’s essential to budget wisely and make the most of your trip. At O1ne Mortgage, we understand the importance of financial planning, and we’re here to help you every step of the way. Call us at 213-732-3074 for all your mortgage service needs.

Drivers Say They Plan to Travel About 500 Miles and Spend More Than $1,000

According to a recent survey by Experian, the average road trip this summer is expected to cover around 512 miles, with drivers planning to spend approximately $1,007. This means that on average, drivers are budgeting about $2 per mile. While some road trippers plan to drive more than 1,000 miles, the majority are keeping their journeys shorter and more manageable.

Two-Thirds Plan to Use Their Own Car for Road Trips This Summer

The survey also revealed that 66% of drivers plan to use their own car for their summer road trips, while 21% are opting to rent a vehicle. If you’re considering renting a car, it’s worth noting that rental prices tend to peak during the summer months. However, the good news is that rental car prices have been falling from their pandemic-era highs.

Gas, Food, Lodging, and Insurance All Add Up

When planning your road trip budget, it’s important to consider all potential expenses. According to the survey, gasoline and lodging are expected to be the biggest costs for most drivers, followed by food. Gas prices are anticipated to be below average this summer, thanks to the U.S. releasing some of its fuel reserves. Additionally, entertainment and car insurance costs are also significant expenses to keep in mind.

Ways to Lower Your Insurance Premiums

If you’re looking to save money on your road trip, one effective strategy is to lower your car insurance premiums. Here are some tips to help you reduce your insurance costs:

• Compare car insurance quotes online from top auto insurance carriers.
• Bundle your auto and property insurance for discounts.
• Increase your deductibles to lower your premiums.
• Consider parting with older, less valuable vehicles.

By taking these steps, you can free up more of your budget for the fun parts of your trip, like exploring new places and trying local cuisine.

Contact O1ne Mortgage for Your Mortgage Needs

At O1ne Mortgage, we believe in helping you achieve your financial goals, whether it’s planning a memorable road trip or securing the best mortgage rates. Our team of experts is here to provide you with personalized mortgage solutions that fit your needs. Don’t hesitate to reach out to us at 213-732-3074 for any mortgage service needs. We’re here to help you every step of the way.

Conclusion

Planning a summer road trip can be an exciting and rewarding experience, especially when you budget wisely and take steps to save on expenses like car insurance. By following the tips outlined in this article, you can make the most of your journey and create lasting memories. And remember, for all your mortgage needs, O1ne Mortgage is just a phone call away at 213-732-3074. Happy travels!

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