I’m slowly but surely transitioning from driving to cycling to the point I’m going to have to change jobs to stop driving all together. While this surely has many health and environmental benefits, I was wondering about the financial benefits. Those of you who have already made the transition, how much have you save by not driving?
Cycling to work, the biggest savings for me were being able to drop my car insurance to “pleasure use less than x Km per week” status. The insurance dropped from $800 a year to $150 a year. Then fuel savings also. However there were additional costs like studded snow tires for winter and increased food consumption.