“How to Budget for Your Summer Road Trip: A Comprehensive Guide”

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

According to a survey by Experian, most drivers planning a road trip this summer expect to travel around 500 miles and spend over $1,000. Only about 1 in 9 road trippers plan to drive more than 1,000 miles. The average planned road trip is approximately 512 miles, which means refueling at least once for those driving gas-powered cars.

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

Most road trippers prefer using their own vehicle for their summer road trips. The survey indicates that 66% of drivers will use their own car for at least a long weekend trip, while 21% plan to rent a car. Although rental car prices are lower than during the pandemic, they still tend to peak in the summer months due to high demand.

Gas, Food, Lodging, and Insurance All Add Up

Gasoline and lodging are expected to be the biggest expenses for most drivers this summer, with 76% of respondents listing gas as one of their top three expenses. Food is another significant cost, with 47% of drivers anticipating it as a major expense. Entertainment and car insurance costs are also notable, with 18% and 15% of vacationers, respectively, listing them as top expenses.

Ways to Lower Your Insurance Premiums

If your summer road trip budget seems high, consider comparing car insurance quotes online. To get the best rates, you’ll need information about your current vehicle insurance, the year, make, and model of the vehicles you’re insuring, and details about the drivers. Other ways to reduce insurance costs include bundling auto and property insurance, increasing deductibles, or selling an extra vehicle.

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