Annual cost of running a car has increased by 9% in last five years, disclosed a recent survey. Increase in price of petrol as well as car insurance has pushed the average cost of getting behind the wheels by around £2,338 in the month of October to £2,539 this year as revealed by the statistics by Sainsbury’s Finance.
Compared to September 2007, rise is steeper with average car drivers forking £438 extra in a year for running their cars which is around a 20% increase. Biggest increase since 2009 October has been in car insurance up to 11% and fuel 10%. Car owners have been spending average of £1,400 every year on diesel and petrol. Tax has increased 3.4% in five months and 26% since 2007 September. Cost of servicing the car has also gone up least as compared to other things that is 1%.
According to Spokesperson of Sainsbury car insurance, cost of driving a vehicle has soared as all the costs but insurance prices and fuel prices in particular continue to rise. Cost of driving can be kept under a check by comparison shopping. Shopping around is the key to beat the increasing car insurance and fuel prices. He also added saying that after new higher level of the vehicle excise duty taxes was introduced on April 1, it is beneficial to shop around.
If you are worried about increasing car insurance rates, shop from car insurance supermarket that offers so many dealers at one place. You will not have a hard time looking for preferred car insurance deals now. Just fill up a brief form stating your car insurance needs and model of the car no you can get car insurance quotes from a range of dealers in no time. Car insurance shopping will be a complete delight now.
All the latest news from the car insurance world brought to you by Supermarket.com the car insurance supermarket.
