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Car insurance : higher fuel prices drive down car usage

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Two thirds of Brits have been forced to change their driving habits because of higher fuel prices, according to a poll by moneysupermarket.com.

Britain’s number one comparison site asked site users whether higher fuel prices were forcing them to change their driving habits.1 The results found a staggering two thirds of respondents (65 per cent) admit that rising costs have taken their toll. Over half of those polled (57 per cent) have reduced the amount of time they spend behind the wheel, and a tenth (8 per cent) claim they have stopped driving because of the costs.

However, a third of motorists (31 per cent) say they are sticking to their usual driving habits as they can just about still afford it, while five per cent aren’t changing their driving habits at all.

Steve Sweeeney, head of car insurance at moneysupermarket.com, said: “We’re all looking at ways to lower our everyday outgoings and getting behind the wheel is a real drain on finances. With recent fuel price hikes and increasing costs of car insurance, drivers are turning savvy and making changes to their usual habits to drive down costs.

“Cutting out driving altogether is the ultimate sacrifice to take. Shopping around for the best deal on your car insurance cover is crucial to reduce the overall costs of motoring; providers count on your apathy to reap the profits and do not reward your loyalty with a cheaper premium. Taking further steps like fitting an approved car alarm or immobiliser and parking in a locked garage if possible are other ways to reduce the overall cost. Finding a policy to suits your needs will ensure you avoid unnecessary costs and means you can still get behind the wheel when necessary.

Source : Moneysupermarket.com Press Release

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