Fuel costs have been rising dramatically as oil prices surge
Fuel price rises prompt Brits to consider quitting job
Wednesday, 11 Jun 2008 14:06
One in six Brits are considering quitting their job because fuel costs are making driving too expensive.
Comparison website insurance.co.uk claims a 21 per cent rise in fuel bills over the last 12 months is causing some commuters to consider giving up their work and finding something closer to home.
In a survey for the insurer, one in four drivers said they have decided to leave the car at home and take public transport instead, while one in five (19 per cent) are actively seeking car shares.
One in ten (ten per cent) are thinking about scrapping their vehicle altogether.
Steve Grainger, head of insurance.co.uk, said: "The rising cost of fuel is taking its toll on British drivers in more ways than one. Our research highlights the enormous pressure being put on commuters and the wider economic consequences that may lie just around the corner.
"In the current climate, it's more important than ever that motorists take stock of their finances and realise the savings that could be made by shopping around for insurance cover."
The survey suggests rising costs are responsible for an increase in financially-savvy drivers.
Over two thirds of motorists (68 per cent) said they intend to actively compare motor insurance providers to see how much they could save, while nearly two thirds (64 per cent) say they will be less inclined to fill up at a passing petrol station and plan to research providers in an effort to get the lowest priced fuel.
Motorists from Glasgow and Manchester are the most concerned about rising fuel costs with city dwellers from London, already impacted by congestion charges and most likely to use public transport day to day, the least concerned about a severe financial impact.