By planning the routes, the driver will know what to expect. They can avoid bumpy and poorly maintained roads, which will, in turn, reflect the maintenance costs. Speeding can result in demerit points, fines, and other financial losses.

You can also get a traffic violation ticket.

"Keeping to the speed limit can significantly improve your vehicle's fuel efficiency. Most cars, vans, pickup trucks, and SUVs achieve optimal fuel

efficiency when travelling between 50 and 80 km/h. Beyond this range, vehicles consume more fuel as speed increases.

For instance, driving at 120 km/h uses about 20% more fuel than driving at 100 km/h. Over a 25-km trip, this increase in speed would save only two minutes

but would result in higher fuel consumption. Driving efficiently can have several economic benefits for both individuals and society."

Source: https://natural-resources.canada.ca/energy-efficiency/transportation-alternative-fuels/personal-vehicles/fuel-efficient-driving-techniques/21038

Driving efficiently offers several significant economic benefits for both individuals and society.

Here are some of the main advantages:

Reduced Fuel Costs: Efficient driving practices, such as maintaining a steady speed, keeping tires properly inflated, avoiding rapid acceleration and braking, and minimizing unnecessary idling, can significantly reduce fuel consumption, leading to substantial savings over time.

Lower Maintenance Costs: Driving efficiently reduces vehicle wear and tear. Drivers can avoid costly repairs and replacements by taking care of the vehicle and adopting gentle driving habits, lowering overall maintenance expenses.

Lower Insurance Costs: Safe driving practices, which include efficient driving, can help lower insurance premiums. Many insurance companies offer discounts to drivers who maintain a safe driving record and take steps to reduce the risk of accidents.

Reduced Environmental Impact: Efficient driving reduces fuel consumption and carbon emissions. This contributes to mitigating climate change and reducing air pollution, leading to positive economic effects on the environment.

Summary:

Adopting fuel-efficient driving practices brings considerable economic benefits, including reduced fuel costs, lower maintenance expenses, decreased insurance premiums, and a positive environmental impact. These benefits contribute to a more sustainable and cost-effective approach to driving.