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Dated: 05 April 2010

Motoring Costs on the Rise

 

A recent piece of research carried out for Sainsbury’s Finance has revealed some rather depressing, albeit not completely unexpected news. According to the figures churned out for the publication, the annual cost of running a car has risen by over 8% in less than half a year.

The worst increases are coming from the price of petrol (which has risen 10% since October 09) and car insurance (which is up 11% in the same timescale). These increases have more than helped push the average cost of owning and using a car up to £2,539. The most staggering statistic to go with this was that on average, motorists are paying over £1,400 a year on petrol or diesel.

Other increases in costs are road tax (up 3.4%) and the cost of car servicing (up over 1%).

In conjunction with the publication, Ben Tyte, a Sainsbury’s car insurance spokesperson was quoted as saying, “The cost of motoring has soared in recent months as all costs, but particularly fuel prices and insurance premiums continue to rise.

"The cost of driving can be kept in check by shopping around, particularly for car insurance and servicing."

 

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