Brits spend £51 billion to keep cars on roadStudy looks into growing motoring costs
27 April 2007
British motorists spend more than £51 billion a year just to keep their vehicles on the road, according to a new survey.
A fifth of car owners admit to delaying or avoiding paying for things like insurance and parking fines in order to reduce their growing motoring bill, the study for insurers Zurich found.
More than nine in ten of the 2,213 questioned said the cost of running a car had risen in the last five years - by more than £400 a year for some.
Drivers in the UK spend an average of £1,776.62 a year on day-to-day costs like tax, fuel, parking and maintenance, the survey reveals.
Seven out of ten people admitted putting off paying for repairs in order to cut costs, 32 per cent admitted delaying their vehicle tax, 30 per cent their MOT and 22 per cent insurance.
Nearly a third of the motorists surveyed said they were so fed up with these rising expenses they would walk instead of drive.
A quarter would use public transport more often and 23 per cent would get a smaller car if the cost of keeping vehicles on the road continues to increase.
Perhaps unsurprisingly, three-quarters said they were against government proposals to introduce road charging, with 78 per cent arguing this would be a way of generating more tax.
Mark Searles, Chief Marketing Officer at Zurich Insurance, said: ‘The cost of motoring has risen dramatically over the past few years, putting drivers under increasing financial pressure.
‘The most worrying findings from our research are those that show some drivers are risking their own and others' safety in a bid to save money.
‘We need to change those attitudes and remember that it is a legal requirement to have both a valid MOT and insurance.’
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