Car insurance: Car sharing cuts motoring costs

Monday, 12 June 2006

Car sharing could cut the cost of motoring and help drivers stay safe on the roads, according to a report by a major car insurer.

Sharing a journey with a friend, neighbour or work colleague could halve the cost of fuel, whilst cutting congestion and reducing carbon emissions at the same time, it says.

The survey shows that only one in five people who use their car to get to work share lifts, despite the fact that two thirds of them believe it is a good idea.

It also reveals that the average yearly cost for one UK driver travelling to and from work alone is £1,017, a sum which could be dramatically reduced if they car pooled.

Sharing lifts could also reduce the risk of motoring accidents, since having extra passengers means there are extra eyes on the road.

Drivers taking part in a car pool should inform their car insurance company that they are car sharing, although this will not increase their insurance premium as most insurance companies cover drivers to carry passengers to and from work.

Car sharing could actually help to cut the cost of motor insurance by reducing the risk of accidents.

© Adfero Ltd

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