Car insurance: Driving 'may become the preserve of the rich'

Friday, 31 October 2008

People who are struggling to cover the cost of buying a vehicle and paying for motor insurance, fuel and maintenance may end up ditching their wheels, What Car? has claimed.

Spokesperson Matt Sanger said, despite the fact the price of crude oil was falling, the expense associated with running a car was making many people question whether they really need their vehicle.

He added if overall costs continue to increase motorists may start looking at alternative forms of transportation.

"We could have a situation where people are being priced off the road because they can't physically afford to run their cars," he stated.

People who are reluctant to get rid of their vehicle may find cheap car insurance can offset other expenses.

Research conducted on behalf of TomTom found 66 per cent of Brits worry about rising petrol prices on a day-to-day basis.

A further 37 per cent of those questioned thought increasing fuel costs would make driving too expensive for the average person in the future.

Car Insurance - The Cheapest on Average

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