Car insurance: Motorbikes may be cheaper than cars

Monday, 28 July 2008

Drivers may be able to save motoring costs by swapping their cars for motorbikes, a financial planner has claimed.

According to research from Martin Bamford commissioned by Bennetts, some £337,700 can be pocketed by those who opt for a motorcycle over a car during the course of a lifetime.

It could be that motorists who switch find that they also save money paying for a motorbike cover policy rather than a car insurance deal.

Marks Fells from Bennetts remarked that there is a big difference in cost between the two varieties of transport.

"We hope that these findings will encourage people to review their personal transport methods in an effort to lower costs and reduce the hassle of commuting," commented the official.

This comes as research conducted by the Finance & Leasing Association has found that more automobiles are being picked up on finance deals in 2008 compared to 12 months ago.

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