Tires are becoming increasingly expensive, with the median price rising from $167 in 2020 to $194 in 2022. However, savvy shoppers can still find ways to save without compromising on quality or safety.

Key Insights:

Reasons for Replacement:
- 55% shop when tires are worn.
- 18% replace due to problems like flats or tread separation.

Average Costs:
- Median price per tire: $194.
- Installation cost per tire: $27.

Top Priorities When Shopping:
- Handling (76%).
- Wet grip (74%).
- Treadwear durability (67%).
- Ride comfort (58%).

Tips to Save Money on Tires

1. Plan Ahead

• Don’t wait until tires are worn or damaged.
• Research and shop early to compare prices and find rebates or discounts.

2. Look for Rebates

• Tire manufacturers often offer rebates on sets of four tires.
• Check retailer and manufacturer websites regularly.

3. Negotiate the Price

• Ask for price matching or discounts.
• 87% of surveyed buyers didn’t negotiate, but 64% of those who did saved an average of $100 on a set.

4. Utilize Free Perks

• Many retailers offer free services such as:
• Tire balancing (51%).
• Tire rotation (49%).
• Tire mounting (46%).
• Old tire disposal (35%).

5. Consider Road-Hazard Protection

• Covers damage before tires reach their expected lifespan.
• Often included as a free perk or available for purchase (median cost: $51 for four tires).
• Useful for high-cost tires or if you frequently experience flats.

Maximize Tire Longevity

Check Tire Pressure Regularly:
- Monthly checks prevent uneven wear.
- Be diligent in colder months as pressure drops with temperature.

Rotate Tires:
- Rotate every 5,000–7,500 miles.
- Helps even out wear and extend tire life.

Follow Maintenance Schedules:
- 33% rotate every 5,000 miles.
- 20% rotate with each oil change.
- 13% follow their owner’s manual.
- Avoid being part of the 9% who never rotate tires!

Where to Shop

• Compare prices at reputable retailers.
• Michelin tires are popular among surveyed buyers for their quality and durability, despite higher prices.

Bottom Line

To save money:

• Research and shop early.

• Prioritize safety features like wet grip and treadwear.

• Look for discounts and negotiate prices.

• Maintain your tires for longer life and better value.

Smart shopping can help you balance cost, safety, and performance for your next set of tires!

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