Motorists pay £75bn car costs

Posted on September 1st, 2008 by MTI in Consumer, News

THE cost of running a car has outstripped the rate of inflation over the past decade, a survey reveals today.

Motorists fork out an average of £2,395 a year to insure, service, tax and put fuel in their vehicle — a total of £75billion.

But if costs had stayed in line with inflation, drivers would be paying £1,787.

Price comparison company uSwitch.com says if these running costs continue to rise at the current rate, motorists would be paying an average of £3,659 by 2017 — or a national total of £114billion — to keep their cars on the road.

A spokesman said: “The rising cost could lead to more uninsured drivers on our roads and people invalidating their insurance by driving unsafe vehicles as they can no longer afford proper maintenance.

“For some, the cost will price them off the road altogether.”

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