Motoring costs up 19% on last year, RAC saysAverage driver paying hundreds more than in 2007

02 October 2008

Motoring costs have soared, the RAC says

Motoring costs have soared, the RAC says

The average cost of motoring has risen by 19% in the last year, according to the RAC.

The motoring organisation said it now costs £2,435 to run an average family car for a year – making it £277 more expensive than in 2007.

But the average figure, which is equal to £47 a week, only takes fuel and car maintenance bills into account.

Extra motoring costs

Once extra costs such as car insurance, depreciation and finance packages are considered, the RAC said, the average annual motoring bill rises to £6,133.

This is exactly £1,000 more than last year, with the average weekly cost rising from £98.71 to £117.94.

According to the RAC, 36% of drivers are now considering buying a car that is cheaper to run.

Buying second hand

Of those surveyed, 16% said they are considering buying a second hand car to avoid losing money through depreciation, while 18% are thinking of going for a car in a lower insurance category.

Slightly more - 22% - said they would consider switching to a smaller car or bike.

RAC motoring strategist Adrian Tink said: ‘With the credit crunch hitting motorists hard in their pocket, we encourage UK drivers now more than ever to take all potential financial implications of car running costs into account to better manage their budgets.’

Public transport

But 68% of the drivers questioned by the RAC said they would not stop relying on their car until better public transport was made available.

‘The RAC is urging the Government to ensure money from motoring taxes is directly invested into improving the current public transport system,’ Tink said.

In a separate poll, insurance company Admiral found that 39% of motorists ‘could never live without their car’.

 

If you’d like to find out how your can cut your motoring bills – and reduce your impact on the environment – read our guide to greener motoring. You can also find reviews of some of the greenest cars around in our greener cars guide.

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