CAR INSURANCE NEWS ROUNDUP: WEEK ENDED 2 JAN 2013:
If motoring costs such as car insurance rates continue to rise in 2013, one poll says the consequences could be momentous for many drivers in the UK.
One major motor car insurance provider recently revealed the findings from a research study, remarking that as many as one out of every two motorists will scale back their vehicle use if the cost of keeping their cars continues to increase this year. 62 per cent reported that these costs have become so high that it has sucked all the fun out of driving, the survey found, with the most disillusioned drivers in the UK residing in Northern Ireland according to the research figures.
The survey, which polled 2,000 drivers, discovered that increases to insurance costs and the constantly rising price of petrol will lead to 1 out of every 5 motorists feeling like their independence is slipping away, while 19 per cent said they would avoid long journeys and 18 per cent remarking that their friends and family would be visited less often, as socialising would have to take a back seat to the cost of keeping a car on the road. However, more than one out of every four driver in the UK said that there was nothing that could be helped in regards to the higher motoring costs, instead gritting their teeth and soldiering on under the new economic burden.
Fuel prices are definitely the biggest problem facing motorists, even more than car insurance companies charging them an arm and a leg for comprehensive cover. In fact, nearly 7 out of every 10 drivers said that the price of a litre of petrol is already much too expensive, with 57 per cent admitting to frustration when it came to fuel taxes.
It’s no wonder that UK motorists are becoming more and more irritable and upset when it comes to the mounting costs of keeping a car, said insurance company representative Amanda Edwards. With the cost of living rising across the board yet the average Brit’s income remaining stagnant in the current economy, it’s only a matter of time before the costs become unbearable!