Thursday, October 21, 2010

Motorists abandon cars as costs rise

The UK's Telegraph has a short piece on what it sees as a cost-cutting trend - people changing their driving habits; i.e., driving less...which may be a growing trend if the price of oil continues to rise as the value of the £ continues to drop...

As many as 8 per cent of car owners have given up driving altogether because of the expense, the survey by found. And 57 per cent of those polled said they had reduced the amount of time spent behind the wheel. 

But 30.5 per cent of the 860 people surveyed said they were sticking to their usual driving pattern, as they could just about afford to, while 4.5 per cent said they were not changing their habits at all. Steve Sweeney, head of car insurance at said: ''We're all looking at ways to lower our everyday outgoings and getting behind the wheel is a real drain on finances. ''With recent fuel price hikes and increasing costs of car insurance, drivers are turning savvy and making changes to their usual habits to drive down costs.'' 

He went on: ''Cutting out driving altogether is the ultimate sacrifice to take. Shopping around for the best deal on your car insurance cover is crucial to reduce the overall costs of motoring; providers count on your apathy to reap the profits and do not reward your loyalty with a cheaper premium. 

''Taking further steps like fitting an approved car alarm or immobiliser and parking in a locked garage if possible are other ways to reduce the overall cost.'

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