Rising motoring costs drive 1.3m people off the road

Wednesday, 06 July 2011 01:27

More than a million people have given up driving over the past year because of the rising costs of owning a car, new research has found.

According to Sainsbury's Finance, 1.3 million people have stopped using a car altogether, while more than three-quarters of motorists have changed their driving habits to save money.

More than a quarter of drivers revealed they do not fill up their petrol tank fully, while 45 per cent said they have been driving less in the last 12 months.

Other cost-saving measures include car sharing and downgrading to a model that is cheaper to run - named by seven and ten per cent of drivers respectively.

Ben Tyte, head of motor insurance at Sainsbury's Finance, said: "We estimate the average motorist has an annual fuel bill of over £1,700, a 22.9 per cent year-on-year increase, which underlines just how hard the rising cost of motoring is affecting people.

"The average annual cost of running a car is now just over £3,000 a year, 21 per cent higher than a year ago," he added.

Use the Myfinances.co.uk comparison tables to find the best deal on car insurance
 

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