Higher petrol prices affecting motoring habits

by Richard Kilner

Story link: Higher petrol prices affecting motoring habits

A survey conducted by MoneyExpert.com has revealed that the rising costs of petrol and premiums are pushing motorists off of the road.

The increasing costs are affecting a quarter of all drivers.

According to the website, the current cost of a litre of unleaded petrol now stands at 107.5p.

However, despite soaring petrol costs the biggest expense for drivers remains the insurance premium with comprehensive coverage costing around £629.

Older drivers are the hardest hit by the recent surge in prices.

As ever with insurance, browsing the market for the optimum deal can pay real financial dividends, and given the rising prices of both insurance and petrol the importance of making savings where possible is high.

Unsurprisingly, MoneyExpert.com has also reported that almost 6 million drivers have changed their car insurer over the course of the last six months, in an effort to cut costs.