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Thanksgiving travel may slow this year

Thanksgiving travel may slow this year

Heavy Traffic Jam

With the holiday season on the horizon, many drivers may be looking for ways to not only get to their families during these events, but also to do so safely. This can mean driving more slowly and in advance, as well as grabbing a better car insurance policy. However, some may also be thinking about staying close to home, at least for Thanksgiving.

There will be approximately 43.4 million people traveling at least 50 miles during Thanksgiving weekend, according to a report from AAA. This is 1.5 percent lower than last year's level, which was 44 million people.

Regarding those hitting the road, there should be 38.9 million in vehicles, the report noted. This also would be a decline, but it will be slightly higher than the overall average of 1.6 percent.

"While the economy continues to improve, the sluggish pace of the recovery is creating uncertainty in the minds of some consumers and therefore AAA is projecting a slight decline in the number of Thanksgiving travelers this year," said Marshall Doney, chief operating officer for AAA. "For those traveling the good news is motorists will receive a holiday bonus in the form of lower gas prices which are at their lowest levels for the holiday since 2010."

With the holiday weekend extended for Thanksgiving, most of the moving around will be from Wednesday, Nov. 27 through Sunday, Dec. 1., the report noted. A total of 37 percent of all travelers will be leaving for their destinations on Nov. 27.

Many vehicles in operation this year
While not everyone may be traveling far for Thanksgiving this year, there still is a higher number of cars on the road. According to a report from Experian Automotive, there were 247.9 million units on the road during the second quarter of the year - the highest the figure reached since the third quarter of 2008.

"During the recession, new vehicle sales dropped, causing challenges for aftermarket companies," said Marty Miller, senior manager for Experian Automotive. "However, the recent uptick in new vehicle sales, combined with more aging vehicles on the road, means these challenges will only be in the short term."

When a driver is looking at the prospect of getting a new car or truck, they may want to try to save on their purchase by acquiring an auto insurance policy that is stronger than their last option.




 
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