The following is an infographic and guest post from Anastasia Ivanov, a freelance writer and graphic designer for InvestmentZen with a penchant for flipping houses.
Have you ever paused for a moment to consider how much your car commute to work might be costing you? If you haven’t, the figures you are about to encounter will make your head spin.
Not only are long car commutes to work financially costly, they take so many hours that by the end of a 30-year career, you’ll have effectively spent several full months staring at other people’s tail lights.
For instance, if your commute averages 26 minutes, you spend 9 full days of your life on the road annually. That’s a steep price to pay just to get to work.
How about the financial impact? When it’s all said and done, car commutes can easily cost the average person up to a million dollars cumulatively over the course of a 30-year career in lost time and earnings. Considering how easily those lost earnings could accelerate your early retirement, you definitely want to take into account how far away you live from the office.
Moreover, when you consider the health and environmental impact that comes with a long commute such as the increased pollution from emissions along with increased stress levels and the risk of developing high blood pressure, you’ll better understand why Metromile is so passionate about rewarding people who spend less time in their cars.
Metromile’s pay-per-mile insurance is not only the most practical policy, it’s also one of the few policies available that reward you for your sound lifestyle choices.
To see more details about how expensive a long commute can be, just take a look at the infographic below by InvestmentZen.
