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You Could Potentially Save over $7000 by Working from Home

The pandemic brought major shifts to the workplace as droves of employees began working from home for the first time. Working from home or getting a remote work position is more possible than ever. The good news is that working from home can save you a good chunk of change, too. If you’ve wondered how much money you can save working from home, we break down some numbers for you but it could be hundreds or thousands of dollars.

1. Lower car insurance rates

Working from home means driving less. If you drive less, you’re at less risk and therefore your car insurance rates may drop. During the pandemic, many major car insurance providers cut their premiums. 

But there’s a better way to lower car insurance rates when working from home and that is through pay-per-mile insurance. Using pay-per-mile auto insurance, a type of usage-based insurance, you’re only responsible for paying a low base rate and several cents for every mile you drive. 
 
On average, Metromile customers have saved $741* per year making the switch, based on survey data from new customers in 2018. You can take a look at your options, but working from home and driving less should mean lower car insurance rates as well.

2. Drop in commuting costs

Working from home means paying less in other commuting costs as well. In addition to lower car insurance rates, you can reduce costs for the following. 

  • Public transportation. Instead of paying the fares for the bus or metro to get to and from work, you can now pocket that cash. In fact, close to half of the commuters in the U.S. reported using public transportation less due to the pandemic. An unlimited metro card in New York City costs $127 per month. Forgoing the unlimited metro card for a year would save you $1,524 per year. Cost-per-ride is $2.75. Let’s say you still needed to take three round-trip rides per week for a year. That would be $858, still saving you money. Many cities have fairly comparable rates, so eliminating this cost or only riding part-time you stand to save a lot of money. 
  • Gas. Right now gas prices are on the rise and can add a lot to commuting costs. According to data from the U.S. Bureau of Labor Statistics (BLS) Consumer Price Index Summary, the gasoline index increased a whopping 41.8% since July 2020. When you work from home, you can save a lot by filling up your tank less often than you normally would when driving to work every day. A Marketwatch article from 2018 estimates saving $444 in gas per year working from home full-time. 
  • Car maintenance. The more you drive, the more wear and tear there is on your vehicle. There’s no way around that. But driving less by working from home can lead to fewer repairs or car maintenance issues. For example, you may need to get less frequent oil changes, fewer repairs, and have less likelihood of an accident. Let’s say you drove a lot before and got an oil change every three months. You may be able to cut back to twice a year, instead of four times a year, effectively saving you around $120 per year.
  • Ridesharing costs. There’s a surge in ridesharing costs right now, so if you previously took Uber or Lyft to work you’re saving money by working from home. Statista has data for average ridesharing costs as of 2018, and New York commuters spent $84 per month. That would be $1,008 saved each year by cutting this cost out.

3. Not shopping as much

When you work in an office, you need to adhere to the dress code. That may mean buying suits, slacks, ties, dresses, jumpsuits, or whatever is appropriate for your workplace. Those clothes may not be cheap and caring for them with dry cleaning can add up. 

Women in particular may spend more money on makeup, nails, and hair to keep up appearances. Working from home can reduce some of those costs. Of course, you still need to wear clothes to work from home, but you may not have to wear the same things you’d wear every day at the office or pay as much for the care and cleaning of these items. A Marketwatch analysis estimates women save $400 per year working from home.

4. Dining out less

When you commute to work, sometimes you create rituals as part of the process or simply out of convenience. For example, you may hit up the local coffee shop on your way to work or dine out for lunch or get snacks on the go. A 2015 survey from Visa found that people spent an average of $2,746 on lunch each year. 

If you come home tired from a long day, you might order take-out. All of these costs can add up fast. When you work from home, you have more time freedom and can have more energy saved from not commuting. That can mean having slower mornings making your own coffee versus rushing out of the door and grabbing one on the way.

5. May be able to write off some things for taxes

If you’re a remote worker and are self-employed, you could be eligible to write off many parts of your home office. For example, the technology required for your office could be considered a business deduction. You could potentially write off a portion of your home office. It’s possible to write off $5 per square foot for up to 300 square feet, for a maximum of $1,500. Deductions reduce the amount you owe in taxes, but unlike credits, aren’t dollar-for-dollar. How much money that saves you depends on your tax bracket and income but let’s say you’re in the 15% tax bracket, you could save $225 per year.

Unfortunately, employees who work full-time from home aren’t eligible for the home office deduction. If you had a side hustle from home part of the time that may make you eligible. Whether you’re self-employed or an employee, any tax questions should be sent to a professional tax specialist who can help you with your particular situation.

6. Turning your home or the outdoors into your gym

Many gyms closed their doors during the pandemic. According to a 2021 Finder.com survey, 1.3 billion dollars is spent on unused gym memberships. During this time, you may have turned to your home or the great outdoors to be your gym. 

Instead of pricey memberships, contracts, and something that is a hassle-to-cancel, you could save money by ditching the gym and opting to work out from home or outside. For example, you could do bodyweight exercises at home or if you have weights or bands, can use them to get a workout in. You can also go biking, running, or hiking outdoors to break a sweat. According to RunRepeat.com, the average gym membership is $507 for the first year and $479 for the second. Ditching the gym for your home gym or opting to move outside could save you up to $507 per year.

The bottom line 

If you’ve ever been curious and thought just how much money do you save working from home, now you know it can be a lot. That number can vary depending on your lifestyle and cost of living but given the numbers mentioned above, you could stand to save up to $7,715/year. Being able to work from home can lead to a number of reduced expenses, fewer options and temptations to spend, as well as lead to more time and energy. As part of lowering your costs while working from home, see how much you stand to save by switching to pay-per-mile insurance.

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Melanie Lockert is a freelance writer, podcast host of the Mental Health and Wealth show, and author of Dear Debt. She’s a cat mom to two jazzy cats, Miles and Thelonious, an amateur boxer, music lover, and needs coffee to function. 

How Having a Hybrid Work Schedule Can Save You Money on Car Insurance

For many people, the COVID-19 pandemic has changed how we work. Over the past year and a half, many jobs are now done remotely, and many companies have adopted flexible “hybrid” work schedules or remote-work policies.

Given all these changes, it might be time to change your auto insurance, too. Lifestyle choices and changes can affect auto insurance prices. For example, if you are driving less than before because you no longer need to commute to an office, you could save on car insurance with low-mileage insurance coverage.

Need Car Insurance? Work From Home Could Save You Money

Here’s how the COVID-19 pandemic has shifted working schedules, changed driving habits, and how you might save on car insurance when you work from home.

How the COVID-19 pandemic changed the American workforce

Before the COVID-19 pandemic, many Americans drove to work and regularly commuted to offices and work sites. Often, drivers dealt with rush-hour traffic or long drives. In the spring of 2020, circumstances shifted, and the roads were emptier as droves of people started to work from home.

According to The Pew Research Center, 71% of people currently work from home, and 54% would like to continue working from home after the COVID-19 pandemic. 

While some may like remote work, it has led to difficulties for some people, notably parents who have childcare responsibilities and workers who might be putting in longer hours and suffering from online video conference fatigue.

Additionally, there’s been a mass resignation of people who no longer want to work at jobs that require employees to go back to the office or another physical worksite and hourly workers seeking better wages and workplace protections. 

Notably, some large employers announced they don’t plan to have employees return to the offices until 2022. Other large companies, including some technology companies, have shifted their employees to work remotely permanently. Your company may have similar plans.

If you’re working from home, look into whether your company has provided guidance about when you might need to go back into the office. You may be in for the long haul if your company has been quiet about a return-to-office date.

The COVID-19 pandemic has also changed driving habits

Before the COVID-19 pandemic, regular commutes and dealing with traffic were common hassles for many employees.

Metromile analysis of driving data in 2020 found that many drivers have changed how they drive, even if they recently picked up their driving. Weekday morning and evening commute-hour driving has been replaced with afternoon and weekend trips. Other drivers are spending less time on the road, continuing trends that began in the spring of 2020 when shelter-in-place orders and public health guidelines limited driving.

You could save on car insurance

While there have been time savings and some cost savings with gas, it’s also possible to save even more. If you’re looking for car insurance, work from home can lead to more savings when you choose pay-per-mile coverage.

If you currently have a remote or flexible work schedule, you are likely driving less often. In addition to potential time savings and fewer trips to the gas station, there are more ways to save.

Many drivers are currently saving money because they have pay-per-mile car insurance.

Pay-per-mile auto insurance is a type of usage-based insurance, which means rates are based on how you use your car, most notably how far you drive. Your premium can adapt to your lifestyle in almost real-time, as you pay for the miles you actually drive. This can give you more control of your auto insurance costs.

Pay-per-mile auto insurance can make sense for you

In the past year and a half, many drivers believed it wasn’t fair that the price they pay for auto insurance didn’t change, even as their lifestyles changed. Pay-per-mile auto insurance could be fairer because it considers how you drive.

If you spend more time at home or your work schedule has changed, you could save with pay-per-mile auto insurance.

Drivers pay a low monthly base rate and a few cents for each mile they drive. If you don’t often drive, you could save money.

Many Americans drive fewer than 40 miles each day and are considered low-mileage drivers. Low-mileage drivers can save 47% a year when they switch to Metromile, according to a 2018 survey of new customers who switched and saved.

You can see if pay-per-mile auto insurance is right for you with a free Ride Along™. Download the Metromile app, and get a free auto insurance quote. Next, you’ll drive as you typically would for about two weeks (make sure to keep your current auto insurance coverage so that you remain covered during the trial), and you’ll see how much you could save if you switch car insurance companies. You could also earn an additional discount of up to 15% off your initial quote in select states for demonstrating safe driving during your Ride Along.



Melanie Lockert is a freelance writer, podcast host of the Mental Health and Wealth show, and author of Dear Debt. She’s a cat mom to two jazzy cats, Miles and Thelonious, an amateur boxer, music lover, and needs coffee to function.

If You Moved, It’s Time to Check Your Car Insurance Rate

Over the past year and a half, many Americans have moved homes, even temporarily, due to the COVD-19 pandemic and increased flexibility with work. Whether you have moved for a new job, convenience, a change of scenery, or to be closer to family, there’s one thing you want to make sure you do: check your auto insurance rate.

Many Americans are missing out on savings or paying too much now that their lifestyles and driving habits have shifted.

Getting Auto Insurance After You Move | Metromile

Here’s why now may be the best time to check your current car insurance rate and shop around.

Millions of Americans moved during the COVID-19 pandemic

There’s no doubt that the COVID-19 pandemic has changed many of our lives. It’s not just our health and social norms that have changed during this time. The pandemic has also created considerable shifts in workplace culture and moving trends. 

Many people went from commuting to an office to working from home. Remote work has opened up new ways of living and working and prompted people to move closer to family or escape cities with high rates of COVID-19 infection or living costs.

Nearly 16 million Americans moved from February to July 2020, according to MyMove.com’s Coronavirus Moving Study, and the trend is likely to continue.

Neighbor’s 2020-2021 American Migration Report projects the number of Americans moving in 2021 will surpass last year’s totals. The report found that 20% more people plan to move in 2021 than 2020, primarily for job flexibility and the desire for a lower cost of living.
Notably, job flexibility wasn’t as easily accessible before the COVID-19 pandemic. With the rise in remote work and flexible work schedules, people feel more confident they can work from home and seek new places to live.

Driving habits have also shifted because of the COVID-19 pandemic

With many people now working from home or staying at home because of shelter-in-place orders and other public health guidelines, how Americans drive has changed.

A December 2020 Pew Research study found that 71% of workers were performing their jobs at home full-time or most of the time. As a result, commuting is no longer as commonplace as it used to be, and when Americans travel for work, they may be driving differently.

When COVID-19 was first declared a pandemic in March 2020, the number of miles driven across the country dropped dramatically. Recent analysis of Metromile customers nationwide found that people drove 30% fewer miles between April and December 2020 compared to the same period from the year before. Similarly, cumulative travel in 2020 reduced by 5.4%, according to the Federal Highway Administration.

Pay-per-mile auto insurance can help

Your lifestyle can affect the price you pay for auto insurance. For example, if you moved to a new area and now park your car in a new ZIP code, your premium may change. If you drive less than you did before, pay-per-mile auto insurance could help you save money.

Pay-per-mile car insurance is a type of usage-based insurance that considers how much you drive.

People who drive less than the national average of about 37 miles a day (most Americans!) are low-mileage drivers and could save with pay-per-mile auto insurance.
Metromile could save you $741 a year on average if you’re a low-mileage driver, according to a 2018 survey of new customers who switched to Metromile and saved. With Metromile, you’ll pay a low monthly base rate and then a few cents for each mile you actually drive. Pay-per-mile auto insurance helps to give you control over the price you pay for your car insurance coverage.

The bottom line

If you’ve moved over the past year and a half, it’s time to check your car insurance rate. Your rate may change based on where you live and your driving habits, and you could score a lower rate

Get a free auto insurance quote with Metromile, and you can see how much you might save.



Melanie Lockert is a freelance writer, podcast host of the Mental Health and Wealth show, and author of Dear Debt. She’s a cat mom to two jazzy cats, Miles and Thelonious, an amateur boxer, music lover, and needs coffee to function.

Uninsured & Underinsured Motorist Coverage in California: What You Should Know

While most states have minimum requirements for auto insurance, sometimes the coverage isn’t enough. Not every driver may be insured or have enough coverage. According to a 2021 study by the Insurance Research Council, one in eight drivers were uninsured.

Uninsured and underinsured motorist coverage can help protect you if you get into an accident with a driver who doesn’t have liability coverage or is underinsured. Here’s what you need to know about the car insurance coverage in California.

Why uninsured motorist coverage California is important?

California has minimum auto insurance requirements for every driver on the road. The minimum liability coverage in California is:

  • $15,000 to cover the injury or death of a single person
  • $30,000 to cover the injury or death involving more than one person or per accident
  • $5,000 to cover property damage

But that doesn’t mean everyone is insured. It is estimated that 16.6 percent of motorists in California are uninsured, according to the Insurance Research Council. So, when these uninsured motorists in California end up getting into an at-fault accident, things can get messy. 

To help combat this issue, California car insurance providers must legally offer uninsured motorist coverage and underinsured motorist coverage. You can decline these coverages by signing a waiver, though that might not be the best idea. 
You can opt for uninsured motorist bodily injury, which covers medical costs for you as well as any passengers if an uninsured or underinsured motorist hits you. There’s also uninsured and underinsured motorist property damage, which covers the cost of physical damages to your vehicle after an accident.

Is uninsured motorist coverage in California required if I have health insurance?

If your primary concern is potential medical costs after an accident with an uninsured driver, you might wonder if you need uninsured motorist coverage in California if you already have health insurance. 

While health insurance can help lower costs and provide care, health insurance can also have pricey deductibles and copays. On top of that, your health insurance may not cover all the services you might need after a car accident, such as a chiropractor. 

Getting uninsured motorist coverage in California can help ensure you get access to the funds necessary for your health and wellbeing.

Getting the right amount of uninsured motorist coverage in California

If you’re considering uninsured motorist coverage or underinsured motorist coverage in California, you probably want to know just how much you need or what is the “right” amount. 

According to the California Department of Insurance, uninsured motorist bodily injury limits are equal to your liability coverage limits. If you get general underinsured motorist insurance, you’ll be covered for a limited amount if there is bodily injury due to an accident with someone who doesn’t have enough coverage to cover all the costs. 

Uninsured motorist property damage coverage in California offers up to $3,500 to cover vehicle damages due to an accident with another driver who is at-fault and doesn’t have insurance. It’s important to note that if you have collision coverage, you may not need this. On top of that, this coverage pays out only in cases where the driver is identified. So, if they drive off in a hurry, you may be out of luck if you’re involved in a hit-and-run accident.

How underinsured and uninsured motorist coverage in California works?

Let’s say that you’re on the road and get T-boned by another car. It’s not your fault, but there are major damages to your car, and you want to get your neck checked out. You have car insurance, but the other driver doesn’t. 

If you have uninsured motorist bodily injury insurance, and the driver has no coverage, your medical bills and any passengers’ will be paid for up to your overall coverage limit. The same goes for uninsured motorist property damage coverage in California. 

If the other driver is underinsured and can’t cover all the costs, both the uninsured motorist bodily injury and uninsured motorist property damage coverage can pay the difference for your medical bills and car repairs if the other party’s insurance doesn’t cover all the costs. 

For example, the other driver could have minimum liability coverage of $30,000 for injuries to more than one person. Let’s say your hospital bill is a whopping $55,000, and your car repairs that are required to fix your car total $25,000. The total cost of the accident is $80,000, but the other person only has $30,000 in coverage. When you have underinsured and uninsured motorist coverage in California, you can get help covering that difference. 

With Metromile, you can file a claim with the Metromile app soon after the accident. If you purchased underinsured and uninsured motorist coverage, and your claim is approved, a check will be on its way to help cover the costs to repair any damage to your car or other eligible expenses.

Other ways to recoup costs if an uninsured motorist hits you

If an uninsured motorist hits you, your health insurance plan may cover costs related to your healthcare. If you have uninsured motorist coverage, your health insurance is legally entitled to any proceeds from the policy as part of something referred to as subrogation

One option to consider is medical payments coverage, sometimes referred to as “med pay,” which covers the cost of any injuries regardless of who is ultimately found at fault. These payments aren’t part of subrogation, but you should know that the limits may not be as extensive as you need. 

Your best bet is to get uninsured motorist coverage. You can also look into an umbrella insurance policy for additional coverage and protection. If needed, you may want to consult with a lawyer or financial advisor for additional support navigating your situation.

The bottom line

Getting into an accident can be jarring and frustrating. Uninsured and underinsured motorist coverage can help cover costs if you have to deal with an uninsured motorist or someone without enough coverage.

Metromile offers uninsured and underinsured motorist coverage so that you can stay protected.

Many drivers save money when they switch to Metromile and pay-per-mile auto insurance. Drivers can save $741 a year, according to a 2018 survey of new Metromile customers who saved, and they don’t have to sacrifice their coverage or experience. You can get a free quote to see whether you might save and how much uninsured and underinsured motorist coverage costs to add to your policy.

Melanie Lockert is a freelance writer, podcast host of the Mental Health and Wealth show, and author of Dear Debt. She’s a cat mom to two jazzy cats, Miles and Thelonious, an amateur boxer, music lover, and needs coffee to function.

How to Buy a New Car in 8 Steps

How to Buy a New Car | Metromile

If your old car is on its last legs or you’re simply ready for an upgrade, a new car may be in your future. The car buying process can feel daunting, especially if you’re not sure where to start.
If you want to know how to buy a new car, consider these eight steps to find the right car for you.

How to buy a new car in 8 steps

1. Determine how much you can afford.

Understandably, you want a deal on your car purchase. No one wants to pay more than they really should.

Before you start, it’s essential to determine what you can afford. It’s fun to think about our “dream car,” but our budgets and lifestyle may have other ideas. 

To start, determine how you will pay for your car. You can pay cash or take on auto financing. 

If you have cash on hand, fantastic! If you decide to take an auto loan to finance your car purchase, you’ll need to keep in mind:

  • The overall total you’re borrowing (i.e., your loan amount)
  • Your monthly payment amount
  • The interest rate of the loan
  • Repayment term or how long your loan payments will last

Each of these factors will typically affect the total cost of your auto loan. 

After considering your current income, existing expenses, any debt you might have, and your other financial goals, make sure your car purchase doesn’t break your budget. Your budget will need to allow for everything else you want or need in your life.

2. Research vehicles.

After determining a budget for your new car purchase, research new vehicles that fit within your budget. You’ll also want to consider your lifestyle and needs as well. For example, you’ll need a different car if you’re living alone in a city than if you have a family and need to drive your kids around town.

A good place to find different makes and models of vehicles for sale is an online car marketplace. You can research new or used vehicles for sale, like how you might buy shoes or anything else online.

When shopping for a car, you’ll want to consider durability, dependability, and the total cost of car ownership. You might also want to understand:

  • Does the type of car typically need a lot of maintenance or repairs?
  • Are there known issues with the type of car?
  • What is the typical fuel efficiency or miles per gallon for the vehicle? 
  • What is the depreciation like on this model? 
  • How safe is the car?

When shopping for a car, it’s easy to look at upfront costs, such as the price of the car, the cost of any accessories or add-ons, or the fees associated with financing, but you’ll need to think about the long-term. As a car owner, you’ll also want to think about additional costs, including maintenance, repairs, gas, and depreciation as part of your budgeting.

3. Get pre-approved for an auto loan.

Cars are often expensive, so you might need to secure some financing before you can make the big purchase.

Before heading to a car dealership, look into getting pre-approved for an auto loan at a reputable bank, credit union, or lender. A good place to start is any financial institution you already have a relationship with, as they might be able to provide benefits or discounts because of your existing accounts. 

Getting pre-approved before you buy your car could also earn you a more competitive interest rate. Financing at a car dealership may not be the best available rate, and you may end up paying more than you would elsewhere. 

You also may have more leverage or room to negotiate prices or rates if you get a pre-approval ahead of time.

4. Get a car insurance quote.

On top of any monthly payments for your car and the regular costs of gas, maintenance, and repairs, you’ll also likely need to get car insurance coverage

The make and model of your vehicle impacts the price you pay for auto insurance. Before you make a car purchase, it could be beneficial to review average or typical car insurance premium costs for any car you’re considering.

If you don’t often drive (many Americans drive 40 miles or less every day), you could save money with a pay-per-mile car insurance policy. Car owners and drivers could save 47% a year on average, according to a 2018 survey of new customers who saved with Metromile.

5. Compare prices ahead of time and get quotes from a dealership.

Don’t start your car purchase unprepared.

It’s a good idea to do some legwork before heading to a car dealership or searching online. You’ll want to compare prices for specific makes and models so that you can easily spot if any quotes or prices are off base. 

You might find different prices for the same vehicles at different car dealerships or online car marketplaces. 

Often, you can email different dealerships and get a quote on any cars you’re considering. You can also use websites to research typical car prices and any discounts, incentives, or rebates that might be available.

When you ask for a quote, make sure you get the total cost of the car, inclusive of any taxes and fees, so that you can make fair, apples-to-apples comparisons.

Research ahead of time can keep you from getting overcharged or a lower trade-in value when you make your car purchase.

6. Schedule a test drive.

Once you’ve determined your budget and found car makes and models you like, it’s time to see if each car is the right fit for you and how you like to drive. That’s where a test drive comes in. 

Schedule a test drive ahead of time so that you can get a feel for the car and how it rides on the road. 

Plan on dedicating several hours to test driving so that you’re not rushed. Consider taking notes about features you like or don’t like on your phone, or bring a notepad with you for your test drive. Your notes can help you compare features or remind you of things you didn’t like after the test drive.

7. Score a deal.

Once you’ve found the car of your dreams, it’s time to move forward and look for the best price. 

If you have a pre-approved offer, use the quote or rate as a starting point for your negotiations.

Remember: You shouldn’t feel pressured into anything. A car is a major purchase and something you’ll have for a long time. It only makes sense that the purchase might take a long time, too.

Be sure to ask about any fees and be wary of any upsells. Consider declining any extras they try to sell you if you don’t really need them. 

You could also save money by opting for a shorter repayment term if you’re financing your car. You will have larger monthly payments, but you’ll typically pay less in interest over time.

8. Buy the car.

After you’ve done the research, taken a test drive, and determined how much and how you’ll pay for your car, it’s time to drive off with your new set of wheels. 

Before you get on the road, you’ll want to review any paperwork carefully. Don’t leave the dealership or make a purchase online without reviewing all the terms.

Don’t forget to ask about anything you don’t recognize and get any benefits, discounts, or complimentary add-ons you’ve negotiated in writing. After signing any paperwork, remember to keep a copy for yourself.

When buying a car, you can also ask if the dealership will register the vehicle for you. Car registration can be a complicated and lengthy process, but they may be able to help.

The bottom line

Buying a new car can be a rewarding process, but it can also be an overwhelming experience. These steps can help you get a good deal on your car and make an informed decision before you make a purchase.

After you make your purchase, you should also make sure you have the right car insurance coverage for your vehicle and lifestyle.

You can see if Metromile is right for you with a free trial. Download the Metromile app from your favorite app store and start a Ride Along™. After driving for about two weeks (you’ll want to keep your current insurance policy to keep your coverage during the trial), Metromile will tell you how much you could save by switching insurance companies. In some states, you can also earn up to an extra 15% off your initial Metromile quote for being a safe driver during your Ride Along™ trial.

Melanie Lockert is a freelance writer, podcast host of the Mental Health and Wealth show, and author of Dear Debt. She’s a cat mom to two jazzy cats, Miles and Thelonious, an amateur boxer, music lover, and needs coffee to function.